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Time Share Nightmare


Posted: Sep 8, 2012

My stepfather purchased a time share property many years ago.  I think he and my mom used it a total of three times.

For years now he has been attempting to sell the time share.  Three years ago I went with him to meet with a representative who told my SF the property was now out of his name.  (After my SF gave him a check that day for $4,000.)   It never happened. 

Two and one-half years ago I took a phone call up at the house when he was not home.   It was another representative promising to sell the time share.  I informed him that my SF already paid someone a large amount of money to get rid of it.   The man then told me that THAT company was fradulant, and that criminal charges against them were in the works.  He said within a few weeks my SF would get his money back, which of course he never did.

Two evenings ago up at the house another man called stating if my SF gave him $2,994.00 (by the next morning) all of this would be over with.  I was furious, and my SF handed the phone to me.  It went back and forth for 45 minutes between the two of us.   He said the money they wanted now was for "legal fees" because they  had attorneys bringing charges against FOUR companies who have been involved with the scam.  He told my stepfather that he is "legally bound" to pay these legal fees. 

I have done some research on line, and I wouldn't give this last company one dollar if I had one million.  When I mentioned to the caller that we would send no money without consulting with my SF's attorney, he became angry.  He said "We have had your stepfather's banking information for a long time, Christine.  If we wanted to take money from him we would have done it a long time ago." 

Can anyone give me some advice?  We need to get out of this once and for all.  (The caller said he could arrange to have my SF's check picked up by FedEx yesterday morning.)   That was after I told him my SF does not have a major credit card, which he does not.  He said, that was actually in our favor.  He said if we put it on a card it would be well over $3,000, but my paying by personal check it would be $2,994.    That in itself is insane. 

I don't know if I am permitted to mention the company name on this board.  It was an office out of Deland, Florida. 


Thanks so much.  Sorry this was so long.  I am just fuming.  

;

I don't know anything about time shares but - - NYMT

[ In Reply To ..]
I would run, not walk to the nearest attorney! There is something very not right going on, and I think you have good instincts! I wish your stepfather good luck, and I'll be sending positive vibes your way!

PLEASE READ - Travelin' MT

[ In Reply To ..]
DO NOT pay them any money. Your SF is not responsible for a lawsuit brought by the timeshare company against four companies that have collected fraudulent money (supposedly in the timeshares interest) from timeshare members/owners.

There are many scam artists offering to sell your timeshare, they collect money and never sell it, most of the time they disappear only to appear somewhere else again.

If your SF has paid the original loan off.....put it on eBay for $1.00, someone will buy it and he will be rid of it.

Go to: http://www.tug2.net/

You can find a wealth of information on that site.

Wow - TC

[ In Reply To ..]
I don't know anything about it, but if your SF is showing signs of dementia and unable to hang up on a caller or otherwise make wise financial decisions, you may want to see about getting control over how his money is spent. In general, Power of Attorney gives you some control, but not all. You would be able to write checks and make decisions on his behalf, but he would still be able to write checks as well.

I ditto the attorney thing, and don't even talk to anyone who calls and mentions the condo, unless it's your attorney. Once something is handed over, the attorneys talk to eachother. Nobody from the other side would call you, so if someone does at that point, you just hang up and call your attorney.

Good luck. This sounds like a nightmare.

No dementia, but - Christine

[ In Reply To ..]
My stepfather has difficulty with his hearing, especially lately. I am, in fact, his Power of Attorney. I am with him every day, and I help him with a lot of things. The man on the phone on Thursday night was, of course, very convincing. However, any reputable business, in my opinion, would not expect you to pay money out in order to get money that is owed you. There were so many red flags during the conversation Thursday night that now my SF agrees with me, and he said today he will do nothing until he contacts his attorney. I feel so bad for him. Thanks for all the good wishes. This has gone on so long, and we need to see an end to this. Thanks to everyone for their suggestions and good wishes.

Of course, you have to talk to an atty. What other option is - there? NONE. nm

[ In Reply To ..]
x

I have read on some real estate site that you - sm - XXX

[ In Reply To ..]
can just "give them back" to the time share corp, the company/owners that manage/own it. You contact them and just ask that you want to return it, etc. Then you have no more monthly/yearly fees. You are done.

You NEVER pay those listing company's or company's that say pay XyZ and you timeshare is sold/gone/under new ownership. They are all scams.

Your SF should give up trying to sell it for anything significant, he needs to just give it away, or sell for a very low amount, $1 or $50. He is already in the hole for $4K, plus his yearly fees to the place. Just write it off as a very expensive lesson.

Response to I read on some..... - Traveling' MT

[ In Reply To ..]
It is not true that you can just give it back UNTIL you have paid the contract you signed off. Once you have paid it off, then you can try to negotiate giving it back. BUT you have to remember you signed a legal and binding contract that you were purchasing for xxxxxxx # of years, which includes paying maintenance fees for that length of time. It will depend on the TS company if they are willing to take it back. If they are willing to take it back they will just re-sell it again and everyone will be happy.

There's a guy I listen to on the radio.. - Try this

[ In Reply To ..]
Name of Clark Howard. He's a consumer advocate and handles all sorts of issues. I've heard plenty of calls regarding time shares.

He has a group of volunteers who offer free help/advice/advocacy for people with issues. I've call their line a few times, they are quite nice. You can also email them and there are message boards as well on his website.

www.clarkhoward.com

Before you dump a pile of money in attorney fees, I would contact Clark Howard first. It could be the guy is just trying to scam you and you don't need an attorney? They may also be able to give you advice on how to get rid of the time share.

Good luck to you and your stepdad!

Local TV Station - Contact

[ In Reply To ..]
You could contact your local TV station, or even a national one. Many of them have "people" who go after the people responsible for a scamming, then air the segment so others know what to do in a similar situaton. It's worth a shot.

Contact local district atty for information (sm ) - Bindi

[ In Reply To ..]
[url]http://www.dre.ca.gov/files/pdf/ca/2012/ConsumerAlert_FraudWarningTimeshareResaleFraud.pdf[/url]

This above website is tailored for California, but check out resources locally. I simply googled "time share fraud district attorney" and came up with this. It's good to know that these scam artists are on the radar of law enforcement.

Good luck to you and your SF.

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