I recently attended a presentation given by Timeshare Relief, a company that "buys" timeshares for owners who no longer want the timeshare and have not been able to sell it themselves. An acquaintance referred me, after he himself had used their service. He was very please at the end result. That is, after years of resale failure, he no longer owned a timeshare.
He was in a similar circumstance as myself. Owned for awhile, became frustrated with the property and overburdened with costs, tried to sell, donate, give it away (could not) and eventually used TSR, as they are referred to in shorthand, to unburden himself.
Essentially you pay them to take your timeshare off my hands. I recoiled at first, but after attending their presentation, and calculating what I have spent over the past few years trying to get rid of the thing, I now consider their offer a bargain.
[ Edit: no edit. ]
From what I can tell, it's a scam. Do a google search for more info.
Here's some links to give you some food for thought:
Thank you for your response. I've been through a lot of web research after I attended a presentation. I was hoping to hear from someone who had first-hand information (like my friend.)
Most of what I've read is hear-say. It sounds a lot to me like my neighbor who chastises me for not knowing more about repairing my car because he thinks all mechanics are conmen. I don't want to learn about repairing my car, I'd rather pay someone to repair it who already knows about cars. Similarly, I've had enough of learning about selling my timeshare and I believe I'm at the point where I want someone else to deal with it. If I'm willing to pay, where's the scam.
So far, the only scam I'm aware of occurred when I bought my timeshare in the first place.
[ Edit: Edited at Sep 25, 2006 5:04 PM by jbagwell ]
The threads I pointed to have first-hand experiences:
My dad and mom got roped into this same scam with Timeshare Relief, Inc. They were high pressured into signing some paperwork and forking over ~$3K to "get rid of" their timeshare. At the time they were about to make a trip which included a stop to visit me and indicated that they might want to sell the timeshare themselves or give it to me. The Timeshare Relief people told them that it was not a problem, that they would hold the paperwork until after the trip and that if they changed their mind, they could get all of their money back. Timeshare Relief, Inc is near my house in Torrance CA. My father called Timeshare Relief while on their trip and said he had chosen to cancel the agreement and would stop by at the end of their trip. I went over their with my parents and we requested the money back. That's when the story changed. They said my parents had signed a contract and they were keeping the money. We could however, choose to keep the timeshare. They had indeed signed a contract and it included legalese to the effect that they only had three days to back out of the deal. Talk about being doubly violated. Definitely a new scam.
Yes. I read this one. I'm sorry but I don't see the scam. "Mom and Dad" got want they wanted in the first place, and Timeshare Relief actually gave them three days to think it over after signing the contract. Whether Timeshare Relief promised to give them more time is not verified by the contract (it's not something one can see) and is therefore hear-say evidence.
The point is that they actually got rid of their timeshare like they wanted. If they wanted more time to back out, they shouldn't have signed a contract that said they had only three days to back out. Just because someone signs a contract and then gets held to it, doesn't constitute a scam. Also the writer seems to imply that "legalese" is part of the scam. Legalese means language typically used in legal documents, like a contract.
The only thing I'm against here is the people who spread both positive and negative rumors based on unsound or specious logic. Because this makes my job much harder, having to wade through the delusion, hyperbole, half-truths, and out and out lies in an attempt to make a reasonably sound decision. This "first-hand" account doesn't make any sense as a basis to call something a scam.
[ Edit: Edited at Sep 26, 2006 11:35 AM by jbagwell ]
The scam is that they were told "that they would hold the paperwork until after the trip and that if they changed their mind, they could get all of their money back". The point made is not that the contract is dodgy (though who knows, I haven't read it), but that they were lied to by the company.
If you are unwilling to listen to people's advice on the internet, then I'm not sure why you are asking the question here. If you only want to hear positive feedback, then I would warn you that it's not entirely unlikely that it's from a company representative posing as a "happy customer". Just like it's not entirely unlikely that negative feedback is from a competitor. It's impossible to know for sure. Is there an ombudsman or something that you can get in touch with to find out if any complaints have been made against this company?
I appreciate your perspective and am not necessarily looking for positive or negative feedback. I merely pointed out that 1) I've already read that post and 2) that piece of evidence doesn't hold much water, at least according to my logic. The guy can say whatever he wants about a verbal side agreement, and any court in the land would toss it out and point to what's in the contract. That's just the way it is.
If Timeshare Relief had taken the money and NOT gotten rid of the property for Mom and Dad, then I'd say they were a scam. I'm waiting for negative feedback that also makes sense, and so far I've been disappointed. Most of the negative feedback I've seen is shot full of holes and inconsistancies or, as you suggested, seems to be overblown to suit some end beyond an objective exchange of information.
Your responses have been reasonable, I just don't see the logic in the evidence you provided.
[ Edit: Edited at Sep 27, 2006 10:57 AM by jbagwell ]
Hey. I have been meaning to join this board for a while now. I saw this thread and have something to say. So I did.
I have used TSR and thought it a pretty good service. I made a mistake when I moved first to the united states a number of years ago and bought a timeshare in Florida. I thought all the people in NYC did this. ha ha.
Anyway, ten years later I did not used it and was fed up to try to rent it (i did a couple times), sell it, etc. So much time and effort, and I wasn't even interested anymore in florida.
So I used TSR and that was it. Ok, onto happier subjects. I am planning a trip to China. Good luck to me and you.
I too went to a Time Share Relief presentation. Everything I read ahead of time was true....slick talkers, salespeople planted in the audience to get the crowd head nodding in agreement, TSR wanting 7 times maintenance fees to "help" these poor suckers who bought timeshares, etc. I own more than one timeshare contract and they work great. My in-laws bought, er, were sold a deal they wouldn't use in an area they wouldn't want to to. BUT, I called Pinnacle and they arranged a buyer with a wholesaler and my in-laws are OUT. Instead of paying TSR $3000, Pinnacle sold their Blue Green points to a wholesaler for $1300+ after wholesaler paid current maintenance fees due. THAT, is a $4000+ swing from writing a check for 3 grand and and getting a check for over a grand. For a couple in their late 70's on a fixed income, that 4 grand is a lot of dough.
TSR stretches the truth, exaggerates the facts, lures the older crowd into a deal that is even worse that the timeshare sharks, and should be ashamed of what they are doing...just my opinion, but I came, I saw, I advised those I care about NOT to use TSR. I really do not know how TSR reps sleep at night.
Erm.. is it just me or is it not more than a little odd that these new posters have joined a travel forum to make positive comments about a timeshare scheme? Or am I a just a big cynic?