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Any experience with Transfer Smart or Timeshare Relief?
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11/21/2010 5:50 PM (PST)

has anyone had any experience with Transfer Smart or Timeshare Relief,Inc.? I am afraid that they might be a scam, but they have an A+ rating with the Better Business Bureau, but I am still skeptical. Any input would be much appreciated.

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11/22/2010 1:25 PM (PST)

The answer credited to me above is not posted correctly.. That was an answer given to a question regarding Transfer Smart.. The answer given to this question was that any company requiring a large upfront fee should be avoided. I also included a link to a current discussion about this company on Timeshare Forums.. Not much info there yet, but it may be helpful to you to check it periodically. http://www.timeshareforums.com/forums/horror-stories-bad-experiences-timeshares/112251-resort-connection-international.html

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11/23/2010 8:42 AM (PST)

Judy,

You can click the links above to view the company's BBB Report and TrustLink reviews.

There are companies that will take title to your timeshare using all of the procedures required by the timeshare company. These companies require that you pay them to take the timeshare off your hands. It sounds counterintuitive but it does get you out from under the continuing obligations and the truth is, there are almost no buyers for timeshares.
There are legitimate title transfer companies that will actually purchase a timeshare, and the benefit to the timeshare owner is that when closed, it gets them out from under the continuing obligations for common area fees. But the whole industry is hot with scams and fraud.

Be aware of a sequence of slick sales tricks - here are some scenarios:

1) The timeshare company offers to list your timeshare and you pay them a marketing fee, but after a few months when it doesn't sell they try to upsell you into an upgraded marketing package of some sort for more exposure (and more money) with so called guaranteed results.

2) After a few months of it still not selling they then offer to do you a favor and take it off of your hands for free so that you don't have to pay the monthly maintenence fees. The monthly expenses are a cost burden to many people who become desperate to get out from under these. These companies know that and use it against you.

3) They try to convince you to turn over the timeshare and "take it off of your hands" for free - now they really start marketing your timeshare, which they now own, and they sell it at a profit. The point is that the only timeshares they are actually selling are the ones that they themselves own through their process of psychologically wearing down so many timeshare owners and convincing them to give up their timeshare properties.

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