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Showing posts with label timeshare resales. Show all posts
Showing posts with label timeshare resales. Show all posts

Timeshare Rings an Alarm in Florida

The number of scams regarding timeshare resales rings an alarm specifically in Florida. Florida has become a fertile soil where timeshare scams flourish. With many timeshare owners wanting to get rid of their timeshare, many resale companies are setting alluring traps for these timeshare owners.

One victim who fell for the trap was Sheila Newman, a client who became unhappy about her timeshares and decided to get her properties listed in timeshare selling websites. Two companies based in Florida responded telling her that all she needed to do was send a check since there are already buyers. It turned out to be a scam

Newman's case is nothing new. In 2009, most complaints that are mortgage related received by the Attorney General in Florida, Bill McCollum, is accounted for timeshare resales. These cases doubled in 2009 from 2008, specifically, there has been 2,719 complaints.

Another case is how a flight attendant was tricked into paying $600 upfront with a reseller, which has listed her unit for $18,000 on its website and printed fliers that she's never seen. This kind of fees can even reach to $5000.

With the cases of timeshare scams piling up, Atty. McCollum's office is reported investigating 17 companies in Florida who are engaging in anomalous practices in timeshare. The attorney general's office is said to conduct more investigations this year.

Late in 2009, two companies have been sued for allegedly accumulated $ 4 million monthly in fees alone from customers through Internet and telemarketing calls. Involved are Universal Marketing Solutions and Creative Vacation Solutions. These two were said to require "hundreds of clients" to pay $1,500 each and promising that they "would market and/or advertise their time share in an attempt to resell it, when in the truth is the time share was merely placed on a website, to which no Web traffic was directed."

The good news is that 1.6 million has been recovered out of customer refunds. The year 2009 made a record-breaking performance for consumer recoveries from timeshare.

The state of Florida being the hotbed for timeshare scams is not a surprise since there are a lot of timeshare properties found in Florida. Around 25% of timeshares are found in Florida. But these cases are not limited to the state of Florida. Attorneys general in Arkansas, Massachusetts, North Carolina and Oklahoma are also on the lookout for issues about the timeshare resale industry.

Craigslist as a Source of Relief for Timeshare Owners

Some timeshare owners today got their timeshares through Craigslist. The site offers a number of timeshares at very low rates from timeshare owners seeking for timeshare relief making vacation goers absolutely attracted to buy the package at a location they really love to visit.

However, timeshare being a package that allows people to use the same vacation location every year, some owners end up feeling fed up with their vacation destination every year. And so others ended up buying other timeshare units in other locations. But then again, they also end up fed up with the new location and the cycle goes on and on. Some vacation goers then wake up with much timeshares under their name, too much for them to sustain. And so they also discover the need to get out of some of their timeshare contracts. To whom do they turn too?

Again, they end up in Craigslist. But this time, not as buyers but as sellers. They acquire the service of Craigslist to be able to list their timeshares for resale. Reselling timeshares through Craigslist is one of the options of timeshare owners who want to get rid of their timeshares.

With their timeshares in Craigslist, there is a good probability that their timeshares can be sold out to other vacation goers. However, they end up cutting the price of the timeshare to a very low amount just to have the package sold in the timeshare resale market.

Can EBay Really Help Timeshare Owners Get Rid of Their Timeshares

It is a fact that getting rid of a timeshare is not easy. Most timeshare owners get to keep their timeshares for a long time even if they have already tried several means to get rid of the package. Other owners even end up victimized by scams because of their dire desire to lose the property. They try as much means as they can to do so.

It is a good option for timeshare owners to find online auctions that they can employ to make the process a little easier. And the best online auction for timeshare owners would be eBay.
EBay is so popular and it has been one of the most effective means of sellers of whatever products. They usually get these products moving. So what timeshare owners can do is to prepare for the upfront cost that eBay require for the said service. The range of the upfront fee is from $35 to $300, depending on the duration of the advertisement that you chose. They also require a Final Value Fee if the timeshare that was auctioned was sold.

However, timeshare owners should also be aware of the statistics on completed sales. It shows that hundreds of timeshares do not sell for $1 or even some for $0.01. Some timeshares were sold for a thousand or two but the said cases are more of the exception than the rule. These rare cases involve brand names which were sold at $30,000 or more at the original point of sale. These timeshares are also the most desirable units in the market.

It is a fact that most timeshare owners do not have timeshares that fall into this category. So, even the service of eBay cannot guarantee them a good sale. They may be able to sell their timeshares online through eBay, but it will surely take much time.

Timeshare Relief Made it to the Top 500 Inc. List

Timeshare Relief, Inc. made it to the Top 500 list of The Inc. 500 & 5000 List of the top small businesses in the US. It is such a remarkable recognition considering that most small and medium businesses not just in US but globally has experienced a downturn due to recession. Not only that, this could also mean that Timeshare Relief, Inc. is also effective in carrying out its mission to help timeshare owners get rid of unwanted timeshare contracts.

Timeshare Relief has also launched a series of States Tour to personally meet timeshare owners. This might have been a proven effective strategy of Timeshare Relief to gain trusts and confidence among timeshare owners who seeks relief from timeshare burdens. This could also falsify the black propaganda of timeshare interest groups and marketers that Timeshare Relief is a scam company. Surely, Timeshare Relief has blotted out such baseless accusations once and for all through personal and business-wise testimonies.

Timeshare Relief is a 5-year-old timeshare transfer business based in Torrance, California. It was started by two former Timeshare owners: Cindy Martin MacMillan and David MacMillan. They were also not happy on their timeshare contracts - annual maintenance fees, related costs, and other extra fees for a legitimate timeshare ownership. As such, they found Timeshare Relief To provide RELIEF to dissatisfied Timeshare owners. No more Timeshare Assessment or Maintenance Fee billing but rather a financial solution that save their money and get out of a "Timeshare Trap". Timeshare transferring are securely handled by a professionally licensed, bonded, and insured title agency.

So, should any timeshare owner is looking for a way to get rid of an unwanted timeshare, then Timeshare Relief, Inc. is the most trusted name of help. Most of real-life testimonies from timeshare owners can be found on their timeshare relief blogs at http://timesharerelief360.wordpress.com. Updates and worldwide timeshare trends are also provided so the public will not fall into any timeshare reselling scams or desperate timeshare foolproof presentations.

Timeshare Industry Flooded with Discounts

Nowadays, timeshare is flooded with cut prices and discounts. Could it have anything to do with timeshare owners seeking for timeshare relief? It is not easy to assume, but one thing is sure for South Africans, as long as they have money and leisure time to spare, there are many opportunities to secure bargain holidays for a lifetime.

Cape Escape, a timeshare resale company, has 13 708 points for sale in a club that owns timeshare units around the country. That's R20 562 at the usual price of R1 50/point. The chances are the sellers paid R10/point - R137 080. That's an 85% discount, a record holder for property in SA.

On the other hand, the club manager of Club Leisure, the biggest timeshare owner, says there are 440 000 timeshare units in SA. According to its chief operating officer, Shaun Lamont, about 110 000 of those are on the market already. That's why there are lots of bargains.

The timeshare market is the equivalent of 927 houses for sale in Bryanston instead of the current 75 with 25% of all stock on sale. Although it's a disaster, it's also a wonderful opportunity for canny lovers of week-long getaways.

On top of the low purchase price, the managers of the various timeshare clubs are offering their empty resorts at discount prices. An off-season week at the Margate Sands would usually cost members 4 763 points. But the current special offer is for a week at 1 795 points, that's an additional 62% discount. It means that your total discount with the purchase price of the points is 94%. But as a member, you should pay R3 841/year levy for the week.

With the current situation, it is definitely difficult to sell your timeshare. Let time alone tell you when to do the selling better if you prefer to do it on your own.

Recent Law in Florida Aims to Protect Timeshare Owners

According to The American Resort Development Association or ARDA, a recent passage of legislation by Florida’s state legislature ensures that important protections for timeshare owners and those who are selling their timeshares are in place. The bill HB 61 also codifies a common industry practice regarding the taxation of transient stays at timeshare resorts. It also allows timeshare developers to offer “Debt-Cancellation” products to purchasers.

It has become an increasing concern as state and local governments seek new revenue to fill the ever growing budget shortfalls although no state or jurisdiction currently collects a tax on timeshare exchange. One of the major attractions for timeshare buyers in recent years, Florida becomes the third state to pass legislation specifically protecting timeshare owners, particularly from taxes on exchange. Moreover, HB 61 protects the competitive position of Florida timeshares and the ability of Florida timeshare owners to effectively use the exchange process by preventing taxes that could raise the cost and lower the desirability of exchanges into the state.

ARDA, together with its Resort Owner’s Coalition, has advocated for state legislation guaranteeing that timeshare owners are protected from such taxes.

This HB 61 also cleared the way for timeshare developers to offer “Debt Cancellation” products. These arrangements would allow purchasers to return a timeshare to the developer if the individual losses a job or an occurrence of other specified events. This ensures that timeshare owners availing of the program will not experience negative impact on his consumer’s credit score. The legislation also represents the tax status of transient stays at timeshare properties. The common industry practice in such cases has been to remit tax in the same manner as a traditional hotel, but a recent court decision in South Florida called into question the taxability of these business transactions. With HB 61, the tax statutes of Florida can be updated to clarify that transient stays are taxable codifying the long-time practice.

State Support for Timeshare Owners or Those Who Want to Get Rid of their Timeshares

Timeshare ReliefTimeshare owners who find their timeshare companies to be violating their rights can go to a state office, particularly one that manages tourism matters, to find assistance regarding their concerns. Such was proven by the Malta Tourism Authority (MTA) when it acknowledged the complaint that was raised by Gordon Lamont over a timeshare company.

Gordon Lamont and his wife purchased a three-year contract with Access2Leisure in 2007. He was so impressed with the service afforded him when he returned to Malta in 2008. This made him upgrade his package to a long-term contract. However, on his second holiday in October 2008, he was given a sub-standard room in a Sliema Hotel. He complained, but to no avail. He was offered an accommodation inside the holiday club’s showroom. But, he was instructed to vacate the place from 10am to 4pm every day. After the said incident, Lamont was offered with a booking for his next holiday in 2009 at St Julian’s hotel with a fee of €5,000 for a “premier membership.” He politely declined saying he will discuss it with his wife. He cancelled the cheque he paid to Access2Leisure the following day.

The said circumstance brought him to the MTA and the Consumer Division to report his complaints. Having done so, he was informed that Access2Leisure can be penalized for an offense of taking a deposit on the first day when no payment should have been made before a 10-day “cooling off” period while Lamont was still processing his contract.

Armed with that information, he just turned into an informed timeshare owner. And, whether he absolutely get rid of his timeshare or not, he has gained more confidence over his rights as a timeshare owner. And with the action of Malta on Lamont’s case, it shows that the state can indeed be of help to timeshare owners and probably to other consumers in general.

State Regulations: Relief from Timeshares

Timeshare Relief
The Real Estate Commission has regulated state land sales laws specifically for timesharing. Hopefully, this can curb the rate of those seeking for timeshare relief since the laws are in favor of the timeshare owners. Usually, the regulating authority enacts certain laws depending on the state where the property is located. So timeshare buyers should also check the regulations that were already enacted in their timeshare locations.

In Florida, for instance, as stated in the Florida Vacation Plan as well as the Timesharing Act, purchasers are allowed to cancel any contracts within 10 days after the contract signing. Cancellation through writing must be addressed to the seller and any attempt of obtaining a waiver for the cancellation right will have no effect. However, closing documents can be done as long as the period of cancellation has expired.

In the State of Oregon, a purchaser may cancel the contract or agreement for any reason within 5 days after the signing engagement has occurred. Once the developer receives the notice for cancellation, any payments made by the purchaser must be returned. After the return of payments, the immediate transfer of rights from the purchaser to the developer must take place. Waiving for the right of cancellation is also not effective.

In Maryland, timeshare purchasers are given the right to cancel any sales contract provided that it occurs before or on the midnight prior to the ten calendar days. A false representation made by the developer informing the purchaser that the cancellation of agreement cannot be obtained is not permitted by the law. Cancellation period must be over first before closing documents can take place.

These are just some of the state laws governing any timeshare transactions. Before you get rid of your timeshares, know your rights as a timeshare owner. Approach the appropriate authorities located in your state. Otherwise, the risks for misleading information and unlawful negotiations can take place.

Timeshare Business Slowing Down

Timeshare ReliefThe economic crisis is slowing down timeshare sales. Most prospects for timeshare ownership are foregoing acquiring a timeshare to be able control their spending. The decline in sales can also be attributed to the number of timeshare owners who are seeking help in getting rid of their timeshares, a phenomenon which is increasing in numbers, still because of the crisis.

The economic situation did not only make people careful on how they spend their money but they have also become aware on how they spend their time. Preparing for a vacation may be a good plan. However, during this time that prices of commodities are going up, spending for a vacation is an additional expense. It is impractical.

How would economic crisis affect timeshare owners? Timeshare owners pay fees for maintenance and the like. The worst part is, in the contract that you signed, timeshare companies may add additional fees for repair and other costs. Doing so will also increase their profit. So during this financial crisis, it is possible that they are charging timeshare owners additional fees. This would mean an increase in payment on top of what the timeshare owners may not be able to afford in the near future. Timeshare owners may be putting to risk their savings or much worse having their house mortgaged to pay for their timeshare ownership which may not be a sensible thing to do.

Timeshare may be a good preparation for a vacation, however, at this time of economic crisis, timeshare is not a practical thing to pay especially if you fall short of the budget that you have. This is also the very reason why timeshare owners are seeking timeshare relief, because this is what would help them save more, that instead of paying for timeshare, they would rather save their vacation expenses for other more important things they might need.

Timeshare Relief – A Relief to Timeshare Worries

Timeshare ReliefTimeshares, when it started years ago, was supposed to give the timeshare owners the stress-relieving vacation they need after months of working so hard. Today, many timeshare owners are seeking timeshare relief because of the worries that their timeshares is causing them. Especially in terms of the financial distress that is associated with timeshare obligations.

With the global crisis that we are now experiencing, prices of most of the basic commodities are rising up. And more than anything else, people are working to put food on their table. They are limiting their spending on unnecessary investments. Timeshare companies are also affected by the crisis. And these companies are necessitated to add up fees and other charges to be able to keep up with the necessary profits. Timeshare property holders are then left with the burden of the increase in fees.

Timeshare owners are now concerned on how they can get away with the financial obligations that they have with their timeshares. Having to pay for it necessitates them to spend less on other daily essentials. If they are not happy with the accommodation that they get from their timeshares, they would be paying for something that is not worth their investments.

Good thing that there are companies that offer help for timeshare owners to be free from their timeshare obligations. These companies are beneficial since it is really difficult for timeshare owners to get rid of the timeshare packages that they find to be of no use.

New Legislation Hoped to Lower Rate of Timeshare Relief Seekers

Many timeshare owners are seekingTimeshare Relief timeshare relief for various reasons. Some timeshare owners are not able to enjoy their one week timeshare accommodation. Most of them are not available for a vacation and others have just grown tired of coming to the same timeshare spot every vacation. The latter reason leads to the popularity of timeshare exchange.

Timeshare exchange was established to allow timeshare property owners experience other timeshare vacation spots. With this program, the timeshare owners are given an option to avail of their one week vacation over their timeshare property or opt for another location. Once they choose to go for a timeshare exchange, their timeshare experience is made more exciting. It then makes them feel that their timeshare investment is worth the price they pay.

However, with the economic crisis, timeshare owners have grown concerned over the expenses they pay for their timeshares. As much as they can, they try to limit their spending. So, when they avail of timeshare exchange, they consider the tax expenses that they will incur.

In Florida, a new legislation was enacted to protect timeshare owners over unwanted tax expenses. HB 61 assures timeshare owners that timeshare exchange-related expenses are tax-free. Aside from that, the law also systematizes taxation of transient accommodations at timeshare resorts and makes available "Debt-Cancellation" products to purchasers to timeshare owners. With these provisions, the market can probably see a decrease in the rate of people who want to avail of timeshare relief.

Somerset Timeshare Re-seller Scammer Alert

Timeshare Relief"These scams are despicable, and the perpetrators often prey on vulnerable people," were the lines of a county council spokesman of Somerset. The comment is definitely sad, but it is more of alarming. The effect of the economic downturn is definitely showing and the worst part is it is preying on already burdened timeshare owners.

During the past year, the trading standard officers of Somerset County Council have already recorded a dozens of people of Somerset that have been victims of scammers, conning them of hundreds of pounds as they represent timeshare re-selling scam companies. The victims were not simply deceived. The scammers returned to them after some time misleading them once again to give additional money just to be able to get rid of their timeshares.

This alarming, rising number of cases definitely shows that the fraudsters are in for a kill over timeshare owners who are absolutely burdened by the timeshare obligations causing them to be all too willing to spend money just to be able to finally say goodbye to the timeshare burden. The Somerset Office of Fair Trading is collecting important information on resale scams hoping to be able to cut down the 56 complaints that the office have received for the year. So even before they finally complete the said report, save yourself from these greedy conmen and be abreast of new bogus tactics of timeshare-reselling scammers. Tune in for regular updates or better yet, call us up directly for a timeshare relief.

The Art of Selling Timeshare

In the early days of timeshare when the industry was just beginning to arise, the product was relatively unknown to the public. This is also the time when people are not acquainted that much with the disadvantages of timeshare ownership and the time when no one else want to get rid of his/her timeshare. Before, timeshare resorts started the practice of gifting clients to come in and see what they had to offer. These are the days when timeshare resorts were routinely giving out toasters, color televisions, dinner certificates, and pretty much the kitchen sink in return for your time listening to a sales presentation.

Later on, the timeshare developers arrived at the idea that their product was too uniquely positioned to take advantage of traditional advertising methods. Also, this type of marketing did work to some extent with respect to the old-time timeshares. Eventually, that method filled salesrooms day after day, and some of the people attending the presentations did purchase the product. This also dragged the industry to the image of the hard-sell timeshare salesperson, the questionable- at-best selling practices so prevalent in the old days, and the often less-than-honest image that timeshare still holds for many consumers.

In a recent survey, it revealed that 79% of consumers polled thought that they had to endure a high-pressure sales presentation in order to purchase a timeshare. On the other hand, the timeshare industry is, as a whole, doing little to dissuade consumers from that image. In truth, the majority of timeshare presentations are the result of some discounted vacation package or other gift.

All in all, timeshare and companies offering timeshare relief are no different from any other commercial product out there in the market. Moreover, the timeshare product these days is good enough to easily sell itself without having to lure customers to presentations with offers of free vacations or gifts.

Getting Timeshare Relief

Timeshare ReliefIn the United States alone, millions of people are timeshare investors. But with the economic turmoil that the world is experiencing, the need for timeshare relief has escalated.

Let me discuss some few things about timesharing. Timeshare is about investing in a property wherein you pay a certain percentage of ownership. You are not buying the whole property but rather, you are sharing it with people you may not know. With the investment, you are allowed to use all of the amenities included in the time shared property.

Since the management company that serves as brokers to find all potential investors spends a lot of money for the advertising, buyers are the ones who will pay for the expenses incurred. There will also be additional payments for the maintenance of the property. That is why timeshares must not be considered if you are expecting financial profit with your investment. It is just like renting a townhouse for a week except that you pay it for years. Then why do other investors consider timeshare relief?

Owning time shared properties can become a good investment if it is properly managed. Amenities that investors can get include the hassle-free bookings or reservations on hotels or resorts and even dining out depending on the terms of agreement. It is also possible to explore new places where timeshares are available. However, along with other luxurious benefits as well as the worthwhile fun and relaxation, expensive maintenance fees that increase over time can be a burden. That is why more and more people are considering to get rid of their timeshare investments with the help of timeshare relief.

Avoid Timeshare Trap

Timeshare ReliefWith an exciting sales presentation, vacation ownership can be considered a great offer to any potential buyer. This vacation package entitles the owner a full authority to use the resort at his/her advantage. Suddenly, they would realize that there are fees that keep coming and start escalating. Eventually, they would start considering getting rid of their timeshares.

Being able to realize that they are caught in a trap, many timeshare owners are disappointed about their timeshare purchase. How did that came that way lies in the sales presentation. The high pressure and interesting sales presentation have overwhelmed most of the buyers before they realize that they are in difficult zone later on.

The common tactic during sales presentation is showing financial incentives to participants. In this way, sales agents can entice people to attend a sales presentation. Typically, these incentives include items such as gift certificates, discounts on accommodations, or other amenities. During the presentation, they will show you pictures of this resorts that will surely seduce you to sign the contract.

In the long run, you'll realize that maintenance and other fees come up your way regularly. That is why most owners want to get rid of it and do all they can to get out of the trap. The best way you can do to avoid this problem is to simply think twice before jumping into any timeshare offers. Do not rush. Do a lot of research and try to consider the advantages and the disadvantages of this investment. By doing so, you do not have to worry anymore about that timeshare relief.

Relief From Timeshare Vacation Rip-off

People love to be on a vacation, but aren't timeshare vacation supposed to give you relief? Learn from a vacation story that this couple have experienced.

Mr. Jym Rodriquez and his wife love to travel anywhere on the coast. So, when they got enticed by the presentation done by the Vacation Discount Club known as Utopian Travel, they were intrigued.

At first, they thought the offer was a win win for them. The deal was, since the Rodriguez' is currently paying for a timeshare in Texas, the company (Utopian travel) swore that they will take over the payments as long as the couple will take the offer for a price of $3, 000 upfront.

However, after the purchase was made, the couple have found out that payments weren't being made after three months and the deal seemed to be not a good deal at all. The worst thing that happened was when Mr. And Mrs. Rodriguez tried to cancel their timeshare, the travel company even pose threat on them about ruining their credit scores.

They soon discovered from the state attorney general's office that Utopian Travel has netted 91 complaints, over the years. See how timesharing can do to you these days?

Now, inorder to spare yourself from becoming a victim, here's what a consumer should do:

First, always have self-control over your wants and desires. When you are invited for a sales presentation, keep in mind that you are not obliged to buy anything from them. Make sure how long the presentation will last and once the time is up, leave! If salespeople will not allow you to leave the room, don' t worry about being rude. You'll see it pays to be one!

Don't give out any personal information most especially your credit card information. Lastly, always run a research about the timeshare company you are dealing with. You'll see that due diligence will give you a lifetime relief from future timeshare financial liabilities.