Resort Bailout.com

Has anyone used this company to transfer ownership of their timeshare? If so, it would be interesting to hear how it all worked out?

ericg88 wrote:

Has anyone used this company to transfer ownership of their timeshare?

From all reports, it appears this company is what is commonly referred to in timeshare circles as a Viking Ship operation. Basically, what the company does is have you pay it about $1000 to take over ownership. Then this company or its principal(s) transfers ownership into a shell corporation. It stops paying the maintenance fees and lets the company go bankrupt which, in turn, leads to foreclosure on the unit.

The resort would then have no choice but to repossess the unit. It might sound all good and dandy to the original owner seeing that he no longer owns the unit. But keep in mind these points:

1) The cost of foreclosure and the unpaid maintenance fees have to be picked up by the other owners at the resort.

2) The ARDA is pushing Florida legislature to pass a law that would hold original owners liable and guilty for knowingly "selling" their units to such an operation.

3) It appears that some resorts in California are launching lawsuits against such companies.

If you're determined and desperate to get rid of your timeshare, I would recommend advertising it for a $1 sale here on RedWeek, Bidshares, Craigslist, and My resort Network. Also, Timeshare Users Group (aka "TUG"; tugbbs.com) has a Bargain Deals section where, for free, you can advertise that you want to give your timeshare away to a willing taker. Just follow the directions at the top of that page.

deleted by jayjay

It's a scam company. They will promise to take the property out of your name and all they want is your money. You will find that it will still be in your name and you will still have to pay maintenance fees and they will disappear along with any money you send them. Save yourself the agony of being their next victim.

Thank you for the good advice.

As an owner of the compnay I can say that we help timeshare owners! Call us a viking ship if that makes you feel better, but we are the only company that can prove our transfers. How can you call someone a liar when there are Zero facts to support this claim? Resort Bailout gets each of our customers out of thier timeshares. We are not a "viking ship" we are a real option to those who have no alternative. That just happens to be 90% of timeshare owners. We actually refer people to use Red Weeks service but Red week can't always get the job done, and when you have exhausted all other options Resort Bailout will be here to help you.

ericg88 wrote:

Thank you for the good advice.

jeffg341 wrote:

As an owner of the compnay I can say that we help timeshare owners! Call us a viking ship if that makes you feel better, but we are the only company that can prove our transfers. How can you call someone a liar when there are Zero facts to support this claim? Resort Bailout gets each of our customers out of thier timeshares. We are not a "viking ship" we are a real option to those who have no alternative. That just happens to be 90% of timeshare owners. We actually refer people to use Red Weeks service but Red week can't always get the job done, and when you have exhausted all other options Resort Bailout will be here to help you.

ericg88 wrote:

Thank you for the good advice.

The problem for you is that state legislatures are catching on to your scam operation by forcing sellers to prove their buyers aren't viking ship operations like yours.

BTW, you say that you are responsible for paying all future maintenance fees and special assessments .... this is an outright lie .... you merely let the week go into foreclosure not paying the resort one red cent forcing other owners to take up the slack for you (deadbeat scammer) in higher maintenance fees.

I get so tired of scammers posting their scams on Redweek.

That is great and we will support any and all legislature. How can you still continue to call us names and accuse us of doing something wrong? We dont pay maintenance fees?? So the many bills he for Bluegreen and many other resorts all over the world the fee's we pay are imaginary? WE PAY ALL OUR DEBTS! Our customers get a real service by real people! Like I said we are a last resort if people cant sell their units, we dont hurt the market nor the resorts. We may take business from you guys and I can see why that would upset you. We can proudly say at www.ResortBailout.com we HELP TIMESHARE OWNERS, WE DO NOT HURT THE RESORTS, and Furthermore we are very honest! Come with facts sir and maybe you would sound credible, I would be happy to post our maintenance fees bills we have paid. Why attack us? A simple question was posed here, do we help timeshare owners? The answer is YES!

jayjay

jeffg341 wrote:

As an owner of the compnay I can say that we help timeshare owners! Call us a viking ship if that makes you feel better, but we are the only company that can prove our transfers. How can you call someone a liar when there are Zero facts to support this claim? Resort Bailout gets each of our customers out of thier timeshares. We are not a "viking ship" we are a real option to those who have no alternative. That just happens to be 90% of timeshare owners. We actually refer people to use Red Weeks service but Red week can't always get the job done, and when you have exhausted all other options Resort Bailout will be here to help you.

ericg88 wrote:

Thank you for the good advice.

The problem for you is that state legislatures are catching on to your scam operation by forcing sellers to prove their buyers aren't viking ship operations like yours.

BTW, you say that you are responsible for paying all future maintenance fees and special assessments .... this is an outright lie .... you merely let the week go into foreclosure not paying the resort one red cent forcing other owners to take up the slack for you (deadbeat scammer) in higher maintenance fees.

It's a scam. Anyone dumb enough to get involved with these scammers deserves to lose their money. They take your "upfront fee " and promise to get the timeshare out of your name. Then comes the maintenance fees for the next year and you find out that the property is still in your name and guess what.... the company never returns your calls and then they disappear only to change names and start the scam all over.

NEVER pay anyone money upfront to get rid of your timeshare !!

Another problem with these companies that claim they will take your timeshare off your hands is that they have no address to lacate them .They use an internet address and a mail drop address. When they disappear with your money you have no way of going after them. They just go out of business and then open under another name to scam others. Don't get involved with them and you won't lose any money.

jeffg341 wrote:

That is great and we will support any and all legislature. How can you still continue to call us names and accuse us of doing something wrong? We dont pay maintenance fees?? So the many bills he for Bluegreen and many other resorts all over the world the fee's we pay are imaginary? WE PAY ALL OUR DEBTS! Our customers get a real service by real people! Like I said we are a last resort if people cant sell their units, we dont hurt the market nor the resorts. We may take business from you guys and I can see why that would upset you. We can proudly say at --------- we HELP TIMESHARE OWNERS, WE DO NOT HURT THE RESORTS, and Furthermore we are very honest! Come with facts sir and maybe you would sound credible, I would be happy to post our maintenance fees bills we have paid. Why attack us? A simple question was posed here, do we help timeshare owners? The answer is YES!

What irks me most is the fact you must think all Redweek forum readers are fools ..... now tell me this, why would you take a timeshare week that can't even be given away and pay maintenance fees for the rest of the timeshare's life? What are you getting out of all this?

Fact is, you have no intention of paying any future maintenance fees merely letting the week go into foreclosure AFTER someone has paid you thousands of dollars?

You must really think we all fell off a banana truck sometime in our life.

It's all about common sense.

BTW, I'm not a sir I'm a female.

Well Mam, we have no reason to get into an argument with you nor do we have to convince anyone here of the truth. Offer was made we will gladly show you our bills we pay. We never accused anyone of being a fool, but your certainly sounding like one with NO FACTS! Best wishes.

Anyone that gets involved with you will definitely be sorry. You have no office just a mail drop. You disappear with their money and they have no way to find you. Like Jayjay said take your scam somewhere else. People in here are too smart to fall for your scam.

jeffg341 wrote:

Well Mam, we have no reason to get into an argument with you nor do we have to convince anyone here of the truth. Offer was made we will gladly show you our bills we pay. We never accused anyone of being a fool, but your certainly sounding like one with NO FACTS! Best wishes.

"Now tell me this, why would you take a timeshare week that can't even be given away and pay maintenance fees for the rest of the timeshare's life? What are you getting out of all this"?

You never did answer the above question .... perhaps it's time you looked for another line of employment since resorts are cracking down on scams like yours and people are being educated via internet timeshare forums about all scams (including yours) involving timeshare.

All you people are missing the big picture here. The reason there are companies like this is because the timeshare developers abandon their customers right after the sale and do everything to see that their product becomes worthless, even worse, a drain because you have to pay every year whether you are able to use it or not and cannot sell it, because the developers have destroyed the resale market and their customers purchases instead of supporting it and them.

Read my other post concerning this subject .... the answer is research and education concerning developer vs resales .... developers will continue what they've always done.

The problem is once a person realizes that he entered into a lifetime contract of forever increasing maintenance fees and assessments then he gets desperate to get out. Then comes along the scam companies to prey on his decission to dump his timeshare. Once you pay their huge upfront fee you will have many sleepless nights worrying wether you got ripped off or not only to find down the road that you still own the property and they want you to pay your maintenace fees for the next year.

Yes the scammers just disappeared with your money and you still own your timeshare. Somewhere down the road you get contacted by someone who claims they can get back the money you lost to the scammers. Guess what ? ..... it's the scammers again. They have you on the "sucker list " . They will continue to bleed you dry until you realize that you are a " victim " and they are preying on your vulnerability.

Don't fall for these scams by these rip off artists. There are sites like Redweek to advertise and licensed realty companies that you can use and sleep well at night knowing you aren't being victimized.

marvinb11 wrote:

The reason there are companies like this is because the timeshare developers abandon their customers right after the sale and do everything to see that their product becomes worthless...

I'm not doubting your statement. However, I was warning the original poster (OP) that there are dangers in using a company that runs a Viking Ship operation.

I was merely pointing out that there are other options (probably cheaper) to get rid of an unwanted timeshare that are legal and ethical and I encouraged him/her to try those methods before going the Viking Ship route.

Hi my name is Luis, me and my wife paid for your services like 3 month ago and haven't heard about you guys. Don't answer the phone and e-mails, we need to know whats going on.

Hi, me and my wife paid for your services 3 months ago but haven't heard anything from you guys since. We had try to reach you via phone and email but no communications yet, please can you tell me how can we contact you, something else beside the phone # and email that you guys have on the web because we've trying those one with no result. We really need to talk with somebody from your company.