3. AND THE
BILLS THAT
CAME IN YEAR
AFTER YEAR
MAINTENANCE FEES
RCI/II DUES
EXCHANGE FEES
SPECIAL ASSESSMENTS
TAXES
(Remember how easily your salesman dismissed those?)
4. BUT YOU COULD STILL âEXCHANGEâ RIGHT?
SURE!!
Just bank your week and
start to
PRAY!!
5. SO YOU
FIGURED YOU
COULD JUST
SELL IT!
THERE ARE THOUSANDS JUST LIKE THIS
ON EBAY WITH NO BIDS EVERY DAY
2BR GOLD CROWN FOR $.01. NINE HRS LEFT
2BR GOLF SPA RED WEEK IN FLORIDA
$.01
6. AND ON EBAY, IF YOU WERE LUCKY
YOU GOT A WHOPPING:
$5000
$2500
$1000
$500
$100
$.01
(yes, that is a penny)
7. LISTING AGREEMENT
SO YOU WHAT WE DO TO GET YOUR TIME SHARE SOLD!
DECIDED TO 1. Your listing will be posted on all of our web sites at
LET THE www.WESELLNOTHING.com,
âPROSâ www.WESELLEVENLESS.com and
HANDLE IT www.FAHGEDDABOUDIT.com You will have three pictures
and a
complete description of the resort. The listing will appear
with pricing and any âbonusâ extras you
choose to throw in.
2. We have some of the most popular internet web sites
for time shares. We make sure our web site is seen by
anyone looking for a time share on the web. We also
multiple list with other brokers who meet our standards
of ethics.
3. Most sales come with our exclusive one-year
Satisfaction Guarantee. This guarantee gives the
buyer the extra âcomfort zoneâ they need to do business.
(98% of resale buyers do not see the resort they are
buying until sometime much later) This guarantee is of no
cost to you and does not obligate you in any fashion. It
helps get your time share sold. From time to time we also
have special promotions we offer buyers as an incentive
to do business with us. This again is of no obligation or
cost to you.
8. AND SOMEWHERE
BETWEEN
$599 AND
$1999
LATERâŚâŚâŚ. ⢠ANOTHER MAINTANENCE FEE CAME DUE
⢠ANOTHER SPECIAL ASSESSMENT CAME DUE
⢠AND YOU STILL OWN
YOUR TIMESHARE !
9. AND JUST
WHEN YOU
THOUGHT
YOU WERE ⢠You decide to take the loss and just
STUCK âgive it awayâ to your
FOREVERâŚ.
family, friends, neighbors, a
charity, perhaps, who would line up
at the door. And they all said the
same thing:
11. AND THEN
FINALLYâŚâŚ.
⢠You find a company that GUARANTEES
they will take your timeshare OUT OF
YOUR NAME and OFF YOUR HANDS,
FOREVER!!
⢠Now, of course this sounds great. Even if
you had to give it to them, it would be
better than what you are currently
dealing with. So you decide to make the
call and finally relieve yourself of this
albatross.
12. AND THEY $500.00 Maintenance
SHOW YOU Fee
THE âOFFERâ $3495 CHARGE!!
⢠If your maintenance fee is 0-250.00,
they only charge $2995.00
⢠251.00-500.00 is just 3495.00
⢠501.00-750.00 is only 3995.00
⢠751.00-1000.00, a charge of
4495.00!!
⢠1001.00 -1750.00, a low $4995.00
⢠And if you have a SECOND unit, itâs
just an additional 1995.00!!! Isnât
that a great deal?
Maintenance fee $1000
or more?
$4995 CHARGE!!!
13. AND YOU MAY
HAVE EVEN There are many reasons why owners want out.
CONSIDERED
IT ⢠Not using their timeshare as much as they intended to
⢠Hit by unexpected Special Assessments and Skyrocketing
Maintenance Fees
⢠Financially burdened by their Timeshare Maintenance Fees,
Special Assessments and Taxes
Skyrocketing ⢠Frustrated by their failure to sell the Timeshare through a
Maintenance Fees listing company
⢠Concerned about their children inheriting their Timeshare and
the increasing fees (yes, your kids can inherit your Timeshare
when you pass away based on tenancy, whether they want it
or not)
Same Place ⢠Bothered they canât vacation where they want, when they
EVERY YEAR want
⢠Tired of going to the same place every year
⢠Aggravated with Exchange Companies
⢠Realizing that there are more ways to go on vacation for much
less
Cant Vacation ⢠Widowed or divorced, and can no longer travel with their
Where You Want loved ones
⢠Inheritors of a Timeshare they donât want or use
14. BUT IT JUST
SEEMED LIKE
TOO MUCH ⢠$3,000, $4,000, $5000, $6000 to get
MONEY rid of a unit you paid
$10,000, $20,000, $30,000 or more
for. It just doesnât seem right. But
paying a big maintenance fee for a
unit that you arenât using, donât
want and canât get rid of, isnât
helping the situation either. And
although it isnât true, you were likely
told that your timeshare was an
âinvestmentâ.
You were told your timeshare was an
INVESTMENT????
16. INVESTMENTS
GOOD INVESTMENTS NOT SO GOOD INVESTMENTS
17. WE
CANâT
HELP
YOU ⢠âŚâŚâŚâŚâŚâŚ.with your Yugo
⢠âŚâŚâŚâŚâŚâŚ.with your Enron stock
But We CAN and WILL help you get
out of your unwanted TIMESHARE
TODAY !
18. SO LETâS DO Annual Maintenance Fees $ 650.00 ( per week that you own )
SOME MATH $650
Membership Dues (RCI/II) $ 150.00 per year
Exchange Fees $ 175.00 per year
Yearly Maintenance x 10 Years (+ 8% Increase Per Year)
$ 14,033.01 $150
Membership Dues + Exchange Fees x 10 Years $
3,250.00
$175
10 Year Payment, Maintenance, and Membership Fees $
$17,283.01
Not including any â Special Assessments â the X 10
H.O.A. may deem necessary. YEARS
YOU PAY JUST
$17,283.01
19. JUST THE
From
FACTS, PLEAS
USA
E!
⢠TODAY
Many fed-up time share owners are stuck trying to sell
By Roger Yu, USA TODAY
â˘
⢠For Stacey Udell, a Craigslist ad enticing her to own a piece of property in the Bahamas for $3,000 was too good to
pass up. The accountant from Cherry Hill, N.J., jumped on it, and became one of 6 million Americans who own a time
2010 Fee Totals $1650!
share, shared vacation property that owners get to stay in for a week or so each year for life. Four years later, the thrill
of ownership is gone. Her family has yet to use the one week at Atlantis Harborside Resort she bought, and the
contract has becomeFROM PREVIOUS YR time when a lousy economy is squeezing her home finances.
UP 20% a nagging financial burden at a
⢠âFed Up Timeshare Ownersâ
Udell is back on Craigslist, this time as a seller wanting to be free from the mandatory annual fees that sustain her
ownership. Her bill for 2010 totals $1,650, up 20% from last year plus a $250 charge to make up for "the deadbeats who
have abandoned their time shares," according to Udell. "I can't deal with the hassle anymore."
⢠Udell is joining a rising chorus of time-share owners who are fed up with mortgages and burdensome payments that
they think render little or no return. With ironclad contract terms, high annual fees and aggressive salespeople, time
shares have always been controversial. But this economic downturn hasPLUS a $250
been particularly nasty for the industry. It's
killed the easy CONSUMER lifeblood of developers and forced would-be customers to think twice about signing
credit that was the
a life-long financial commitment for something they'd use only a few SURCHARGE TO
days a year.
⢠COMPLAINTS has come to a standstill. Mortgage defaults are rising. Thousands of salespeople
Sales are down. Resort development OFFSET
and maintenance staffers haveIN laid off. Customers are flooding the resale market, where some are trying to
DOUBLEDas been
unload contracts for as little $1. DEFAULTS OF
⢠2009
Meanwhile, scams that target desperate owners are skyrocketing, triggering enforcement actions from state
OTHERS
attorneys general throughout the country. The number of consumer complaints about time shares received by the
state of Florida, which is home to a quarter of the industry, doubled in 2009 to more than 2,500, according to the
state's Department of Agriculture and Consumer Services.
⢠"We were always 'the engine that could' for the (tourism) industry, but now we're the red-headed stepchild," says
Howard Nusbaum, CEO of American Resort Development Association, or ARDA, an industry trade group. "We're going
through a tough period."
⢠There were 1,630 time-share resorts in the USA as of 2008, with 40% of them concentrated in Florida, California and
South Carolina, according to ARDA. About 7 million time-share contracts are currently held by owners in the USA. The
average price in 2008 was $20,150.
⢠Sales drop, defaults rise
â˘
âMaintenance fees have grown an
Since they were created in the 1960s, time shares didn't have a down year until 2008, when sales dipped 8% to $9.7
billion, according to ARDA. They plunged 40% 12% a 2009 tosince 2005â will likely remain flat in
average of more in year about $6 billion and
2010, Nusbaum estimates.
⢠Time-share mortgage defaults rose each quarter in 2009 compared with 2008, ARDA says. In the third quarter of last
year, 2.9% of time-share mortgages went into default vs. 2.2% in 2008. About 8% of time-share mortgages were in
default as of 2008. Maintenance fees have grown an average of 12% a year since 2005.
20. USA TODAY ARTICLE CONT.
⢠Large hospitality companies, already hurting from empty hotel rooms, are retreating. Wyndham Worldwide, the largest time-share operator in
the USA, saw sales fall 51% in the first nine months of 2009 to $756 million. It has closed some sales offices and cut 4,000 jobs since late 2008.
⢠Marriott International's time-share sales fell 38% in the first nine months of 2009 to $445 million. It also wrote down $752 million of its time-
Wyndham Marriott
share resorts' value, and it said it would discontinue construction of new properties and would convert some to other types of properties.
â˘
Sales Sales
Nancy Lehenky, a Marriott customer, wishes she could walk away from the $60,000 mortgage she took on last year for a two-week interval at a
resort in Palm Desert, Calif.
⢠Down Down
Lehenky and husband David, who run Flathead Distillers, a vodka distillery in Montana, pay $1,100 a month for the mortgage and $2,000 a year
in taxes and fees. While they were able to afford the payment when they bought it, her husband has since been laid off and their decision to
51% 38%
open the distillery has forced them to tighten spending. Lehenky particularly regrets having paid full retail price rather than shopping for a
resale. "Had I known what was coming in the future, I'd have held off," she says.
⢠Lehenky asked Marriott to take the contract back last year. The company refused.
⢠ARDA's Nusbaum says industry woes can be traced largely to developers no longer being able to package mortgage debt as asset-backed
securities sold to Wall Street.
⢠Developers have historically lent directly to customers. Cash back from investors on the sale of bundled mortgages was used to build more
resorts. The mortgage-backed security market all but vanished in the 2008 financial crisis, and the industry has had to halt most new
construction and cut back on free cruises, air tickets and hotel rooms given as incentives for customers listening to a sales pitch.
⢠Westgate Resorts, one of the largest operators in the industry, had a record year in 2009 with about 2,200 new rooms/suites, says Mark Waltrip,
COO of Westgate. This year, it'll open none. The company halted construction on "10 to 12" properties that have already had groundbreaking, he
says.
⢠Remorseful buyers
â˘
âwe were suckered, and we fell in love with itâ
The industry contends that customer satisfaction remains high and that demand hasn't waned. ARDA says 50% of buyers already own another
time share. And the percentage of people who buy a unit after sitting through a sales pitch remains unchanged at about 10% to 15%, Waltrip says.
⢠Unlike other hospitality or real estate industries, time-share operators dictate much of consumer demand by providing incentives for people to
come directly to resorts or to sales-pitch sessions, ARDA's Nusbaum says. "No one wakes up in the morning and says they're going to buy a time
share. They come in and get compelled by the product. It's an emotional buy," he says.
⢠Summers Doonan, an American Airlines flight attendant in Orlando, knows all too well about the allure of a sales pitch conducted next to a
resort pool glistening in the Florida sun. She and her former husband, Brian, were invited in 2007 to a free weekend at Ron Jon Cape Caribe
Resort in Cape Canaveral and sat through a sales pitch. They walked out with a one-week contract that cost them $18,000. "We were suckered
in, and we fell in love with it," she says.
21. THE âHARSH
REALITYâ âmore people
SUMMARY are trying to get
out âowners looking
⢠Trying to exchange it for other weeks or for time at other resorts, which was her original intent, proved to be a lot more competitive,
difficult and expensive than she was led to believe, she says. On top of $1,150 in taxes and fees every year, sheto sell is 25%
pays $90 a year to belong to
an exchange club and faces another $200 fee each time she wants to trade. She and her husband have agreed to split paying for the fees
until it's sold. higher than last
⢠year
"Both of us are tight. I have three kids I'm trying to raise as a flight attendant," she says. "It was a rash decision. You're surrounded by
beauty and the excitement of it all. (Salespeople) are definitely charismatic."
⢠Having divorced last year and now on unpaid leave from her employer, Doonan wants to sell it. She never got to use her week, because it
fell in October when her kids are in school.
⢠Brian Rogers, who runs the Timeshare Users Group, or TUG, an online forum for owners, says the growing number of disgruntled, but
âno resale company
more informed, customers combined with the financial crisis that has forced developers to cut spending will result in changes in how the
industry is run.
⢠can guarantee an
The number of ads by owners looking to sell on Rogers' website is 25% higher than a year ago. About half of the people on his website
want to sell their time share, he says. "More people are trying to get out. Some find it difficult even when listing their time share for a
owner a sale
single dollar."
âupfront fees as
⢠high as $5000.00
That is not comforting news to Udell. She's listed her week in the Bahamas for $4,300 on Craigslist, TUG and other sites, but hasn't gotten
any offers. Her husband, Craig, is changing his career to be a teacher and earns a fraction of what he made before, and her family can't
afford annual vacations without going further into debt. "Going on a vacation like that would be living beyond our means," she says.
⢠'Scams' in resale market
⢠Sensing desperation, fly-by-night hucksters are cold-calling and mailing owners with promises of a quick sale for an upfront fee as high
as $5,000.
⢠The defendants required "hundreds of consumers" to pay $1,500 each and said
Udell says she's been bombarded by such solicitations. "They make it very tempting," she says. "One company guaranteed (it) can sell for
$20,000. I hung up on him."
â˘
they "would market and/or advertise their time share in an attempt to resell
Doonan, the flight attendant, paid $600 upfront with a reseller, which has listed her unit for $18,000 on its website and printed fliers that
it, when in actuality the time share was merely placed on a website, to which
she's never seen.
⢠TUG's Rogers says he knows of NO resale company that can guarantee an owner a sale. Customers, he says, should never pay resellers
no Web traffic was directed." The defendants also "made blatant
any upfront fee. "They're so masterful at their pitch," he says of resellers. "It's a scam on top of a scam on top of a scam."
â˘misrepresentations ⌠(that) they could definitely sell their time share within a
Florida is a hotbed of time-share scams. The state's attorney general, Bill McCollum, sued two related companies in November, that have
allegedly collected more than $4 million monthly in fees from owners who were solicited via Internet advertising and telemarketing calls
â˘
certain time period." Calls to the companies weren't returned .
The defendants required "hundreds of consumers" to pay $1,500 each and said they "would market and/or advertise their time share in
an attempt to resell it, when in actuality the time share was merely placed on a website, to which no Web traffic was directed." The
defendants also "made blatant misrepresentations ⌠(that) they could definitely sell their time share within a certain time period." Calls
to the companies weren't returned.
22. WHAT WE DO
⢠Why is Timeshare Relief NOT a
âwe are Consultants taking over the timeshare acquisition market?
Because, Timeshare Relief Consultants offers distressed timeshare owners a fast, safe
listing company
and easy way to exit their contractual obligations without the high-pressurereal pitch.
âwe are NOT sales
Our network of affiliates will dispose of your timeshare once and for all. We are not a
estate agentsâ
listing company and not real estate agents. We take over your timeshare fast along with
all the burdens of ownership so you donât have to worry about it any longer.
⢠Timeshare Relief Consultants is dedicated of helping you get rid of that timeshare for
âget rid to that
good! With the prospect of rising timeshare maintenance fees, costs, fuel, transportation
timeshare for goodâ
costs and a depressed economy, what will you do with your timeshare? Once you accept
our help offer, you can be completely timeshare free and relieved of the financial burden.
⢠Timeshare Relief Consultants offers:
⢠ A safe, fast and easy way to exit your timeshare contract obligation immediately
âa safe, fast and easy way to exit your
Âť Completely honest exit strategy for timeshare ownership
timeshare obligation immediatelyâ
Âť No high-pressure representatives
Âť We have a large clearinghouse and a team of experts who will dispose of your
âclosing costs are
timeshare , backed with our Exclusive 100% âOn Timeâ guarantee!
⢠Why get taken by a ON USâ listing company when you can get rid of that timeshare
broker or
FAST! At Timeshare Relief Consultants , we are not brokers or real estate agents. If you
have tried selling your timeshare yourself and found that you just canât get rid of it, we
have the solution for you. Timeshare Relief Consultants acquires your timeshare and
takes responsibility for the fees, unexpected special assessments, property taxes along
with the risk of owning and disposing of the timeshare. Oh, and by the way, those closing
costs are also on us, so why not Contact Us right now?
⢠Toll Free: 855-523-4567
23. YOU HAVE A ⢠There are others in our industry whom
CHOICE. offer a service similar to ours, with just
a couple of minor differences. First,
being the cost, and secondly being the
Guarantee. Our company is dedicated to
HELPING you, NOT adding insult to
injury. So, we took the liberty of sharing
with you the options made available to
you by our competitors, so that you
might make an informed decision about
your timeshare ownership TODAY!
Make an INFORMED decision
25. OUR
EXCLUSIVE
100% âON TIMEâ DEED TRANSFER GUARANTEE!
â ON TIME â
SERVICE
GUARANTEE!
We are so confident in our ability to quickly and seamlessly transfer your property,
that we GUARANTEE results in WRITING. Although the actual trade process
and transference of deed MAY take up to 180 days, TRE, Inc. GUARANTEES
that the owner will no longer be responsible for any maintenance fees, special
assessments or other associated charges, once ALL the necessary signed
transference documents have been RECEIVED by TRE, Inc. This is our pledge to
you, our valued client.
From the Staff of,
Timeshare Relief Consultants, Inc.
26. TIMESHARE
RELIEF
CONSULTANTS
SOLUTION
WE WILL PAY:
ALL TRANSFER FEES
o REGARDLESS OF YOUR
MAINTENANCE FEE
ALL CLOSING AND LEGAL COSTS
PAYMENT, TODAY YOU
ALL TRANSFER FEES TO OUR
EXCLUSIVE, THIRD PARTY WILL PAY A FLAT FEE OF
ACCEPTANCE CORPORATION
YOU WILL STOP PAYING:
ONLYâŚâŚâŚâŚâŚ
âŚ$3,995.00
MAINTENANCE FEES
SPECIAL ASSESSMENTS
TAXES
FOREVER!!!!!!!!!!!!!!!!!!!!!!!!