I think, therefore I transfer.

Monday, November 30, 2009

Transfer Smart News: Timeshare Company Hosts Monthly Auctions in South Florida

Despite the negative impact of economic downturn on timeshare ownership and many owners trying to get out of their timeshare contracts, the housing recovery is back in the United States. Also, the sales of timeshare properties in South Florida are beginning to bounce again. On the other hand, the Century Timeshare Group has kicked off its efforts to help the timeshare owners sell their properties at auction.

According to Robert Johnson of Century Timeshare Group, they have created a multi-million dollar showroom that will soon be hosting monthly auctions for private investors looking to purchase great South Florida timeshare properties. He added that the market is rebounding right now and there is strong interest from investors looking to purchase these great properties.

As the nationwide housing recovery continues and private investors look for deals around the country, the timeshare industry is undergoing a rebound. With South Florida as an area with a deep vacation and investment real estate property market, the timeshare market has already attracted a number of interested buyers.

However, Johnson stressed out that customers do their homework and deal with a firm that has strong knowledge of the South Florida timeshare marketplace. The move made by the above mentioned company is a big help to those owners who want to sell their timeshares. While a number of owners just plainly get rid of their timeshares and even hire a timeshare transfer company such as the Transfer Smart just to get rid of it, they can avail of those monthly auctions and have a greater chance of selling their timeshare units.

Friday, November 27, 2009

Transfer Smart News: Resale Company and Developer’s Teamwork Benefits Timeshare Owners

Recently, the established working partnership of Sell My Timeshare Now with InnSeason Resorts is expected to eventually help the timeshare owners resell their units that no longer fit their lifestyle. The teamwork of the two companies aims to assist those owners who are trying to get out of their timeshares by selling it.

As William Curran, Chief Executive Officer for InnSeason Resorts, explains, life changes and a family’s vacation needs change too. The timeshare owners are looking for a secure way to resell their timeshare. As Sell My Timeshare Now listens to timeshare owners, it offers them realistic ways to sell timeshare that no longer fits their lifestyle.

Meanwhile, the timeshare owners at InnSeason Resorts who want to resell their timeshares benefit this because their timeshare company has established a special working relationship with Sell My Timeshare NOW, making it easier for them to resale their timeshare. This also means that for timeshare owners who want to buy timeshare resales, it is much better to buy units at the said developer.

Today, there are thousands of owners who are trying to get rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. Many of these owners are still eager to sell their units but realized how hard to do it. The teamwork of the above mentioned timeshare resale company and developer fills the gap and strengthens both the timeshare industry for the development and sale of new timeshare and for timeshare resales. Moreover, this is a move that benefits timeshare owners most of all.

Thursday, November 26, 2009

Smart Steps on Filing a Timeshare Dispute

A number of owners who had purchased a timeshare regretted their decision to own such property later after they have signed the contract and thus, they want to get out of their timeshare contracts. However, if you sign a contract and realize you made a mistake or want to back out from the deal, you can alter your decision by filing a dispute on a timeshare.

First, make copies and fax your dispute as soon as you decide you want to back out of the deal. Usually, most states and countries have a rescission period which you can cancel a timeshare contract. But unfortunately, not all states or countries have these rules.

Then, send a copy of your dispute immediately to your credit card company as well. They may honor the request and refuse payment. If payment has been transferred to the seller, then they will have to issue your credit to your account.

You can also have an attorney if your wishes are not honored or if you feel you have been ripped off. Calling the Better Business Bureau in the US for assistance may also help your dispute. Moreover, keep after the credit card company to give you a refund if ever you got scammed. They can go after the scammers effectively than you do.

If you’re an owner who regretted the decision to own a timeshare, then, you’re not alone. As a matter of fact, there are also several owners with this case who want to get rid of their timeshares. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. By following the above mention steps, you have a chance to recover your payment if ever you realized that a timeshare is not meant for you.

Wednesday, November 25, 2009

A Smart Look at the Timeshare Industry and Its Financing Options

Today, it’s a known fact that there are several owners who want to get out of their timeshares mostly due to financial reasons. With the down economy these days, the timeshare companies are figuring out where they will obtain the financing necessary to help the consumers make their purchases. As still many people like the idea of timesharing, financing can be a way to own such property and the vacation industry wants them to have it to continue its sales.

Looking at many of the vacation ownership companies in the world, they have added financing options to make purchasing attractive to potential owners who tour their properties. As a matter of fact, some companies are offering financing options which will help the buyers with money towards their initial deposits and give them time to pay for the deposits.

Based on the credit markets, lots of companies are determining the credit worthiness of those purchasing with them and there are different financing possibilities based on credit ratings. The best credit-worthy buyers are often able to get better financial terms than those whose scores don't rate so high. It is more common now for companies to determine the credit worthiness of the vacation ownership or timeshare buyer and to offer more competitive financing rates to those with the best credit ratings.

Currently, timesharing is becoming unattractive as many owners are having a hard time keeping up with its costs. As a matter of fact, thousands of owners nowadays are trying to get rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. On the other hand, financing is important in this industry to keep the sales flowing and make it available to interested consumers.

Tuesday, November 24, 2009

Smart and Convenient Timeshare Transfer - List Your Unit on eBay

At these modern times, with the advent of technology, there are already many convenient ways to get out of your timeshare. The modern technology broadens the opportunity to sell this kind of property. One of these ways is selling on eBay, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. However, if you are a neophyte in this kind of transactions, you should equip yourself with the needed knowledge on how to sell your unit online.

First, understand your timeshare. This includes reviewing the legal documents you have agreed upon when you have signed the contract. In selling your timeshare, you must also give the buyers all the information they need. This may include what kind of timeshare you have, its amenities, the address, contact number and pictures of your unit or resort.

Now, when you list on ebay, go to its website and click sell. When asked which category to list in, you can list under “timeshares.” It will be about $50 listing fee for 30 days. You can also list under "Everything else," then, choose "membership." This is a much lower fee which maybe $4 and the listing lasts a week. The good thing about this is you can afford to start high. If it doesn't sell in the first week, relist lower.

There are several owners who are getting rid of their timeshares nowadays. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. For whatever reasons why you should sell your timeshare, it’s no wonder that it can be a daunting task. With the latest of the technology like the internet, it will aid owners like to sell your timeshare more conveniently.

Monday, November 23, 2009

Surrendering a Timeshare - A Smart Option to Cut Off Its Ownership

Acquiring a timeshare can be a great idea. However, with a number of its disadvantages, some owners can’t stand to lose money in maintenance fees and other costs and thus, want to get out of their timeshares. One of the few ways to get out of timeshares is to surrender it in a bankruptcy.

To give up your timeshare, first, review your timeshare agreement. The agreement may consist of clauses that cover situations in which you might want to give up your rights to use such property in any way. It’s also better if you assess your options for giving up the timeshare. You have the option to sell it or include it in a bankruptcy filing. If you opt to sell, expect to get a price that is lower than the amount you originally paid for it.

Importantly, you must talk to a lawyer about bankruptcy options. Be aware also of state laws pertaining to timeshare agreements. Under the law, timeshare owners have the right to surrender their rights to use real property following certain regulations, such as providing proper notice to the owner of the real estate. Then, notify the owner or the company that holds the deed to the real property about your intent to surrender your timeshare.

Many timeshare owners today can no longer afford the maintenance fees and other costs. As a matter of fact, there are thousands of owners who are trying to get rid of their timeshares. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. While selling it is still the most popular option for most owners, including it in a bankruptcy filing can also be the way to eliminate the costs associated with such property.

Friday, November 20, 2009

Knowing Smartly the Policies and Procedures to Prevent Timeshare Transfer Problems

A number of owners have testified that the reason why they have jumped off to a timeshare deal was they have been swayed during the sales presentations. Most of these did not anticipate what they’re getting into and later on, they’ll face the unavoidable situation where they have to get out of their timeshare contracts. On the other hand, when you buy a timeshare, make sure you read carefully and understand what was stated on the company’s policies and procedures to avoid future conflicts.

When you make a major purchase, sometimes there is a buyer's remorse that will set in and you start to doubt what you have done. By reading the policies and procedures stated in the manual, this allows you to match up what you were told by your sales rep and the closing agent.

Also, you can go to the timeshare company website and review policies and procedures on their site. You can look at things like how to make a reservation, how to exchange, how to cancel a reservation, any additional costs or fees required, and how to make a guest confirmation. In addition, you should also review how to do your taxes before tax time, and what happens to your points, or week if you do not use it that year.

A timeshare purchase is considered a major decision. Many of the owners who did not look at the policies of their timeshares prior to buying it end up dissatisfied with their units and thus, want to get rid of it. Some may even hire a timeshare transfer company such as the Transfer Smart. So, if you just have bought a timeshare, take the time to review what you have done to ensure that you have a complete understanding of what you own.

Thursday, November 19, 2009

Smart Tips to Find Renters for Your Timeshare

While some owners try to get out of their timeshares by selling it, some have found an alternative way to get the best of it through a timeshare rental. However, finding renters for a timeshare can be sometimes difficult depending on how much time you have and where your timeshare rental is. In this article, we will discuss some ways how get a renter for a timeshare.

First, you must determine how much rent to charge. You can use a baseline rental price from your own resort as most them have rental programs of their own and will be able to quote you an estimate. Also, advertising is important to let the people know about your timeshare. You can advertise in newspapers, magazines and on the Internet. Some websites let you list timeshare rental opportunities for free in their classifieds section.

More importantly, you must draft a rental agreement. The person you will be renting to must be at least 21 years of age, have a valid copy of their driver's license and must your rental agreement.

In addition, you should get 100 percent of the money upfront. This will ensure you that you will not lose money as some renters back out of an agreement at the last minute. A ten percent security deposit is also advisable. This is to ensure that the renter maintains a certain level of cleanliness and obey what is being agreed upon.

Currently, there are many owners who try to get rid of their timeshares while some hire a timeshare transfer company such as the Transfer Smart. But for those who still have the property as it cannot be easily get out from, renting can be a good alternative as you can recover some costs that you incur from it or you’re earning while waiting for a deal to get rid of it.

Wednesday, November 18, 2009

Smart Ways to Avail of a Timeshare Bargain

Generally, timeshares are marketed by real estate brokers and companies that specialize in this market exclusively. But as most people are aware of the financial plights of those owners who try to get out of their timeshares, they look for bargains to purchase such property at a lesser cost. However, to find bargains, you need some research skills and business acumen as well. In this article, we will consider a few ways to get a timeshare at a bargain price.

First, you must assess your vacation housing needs. Knowing what you really want for a timeshare and why you want it will lead you smoothly to getting a bargain price. A list of desired amenities that you would like to be included in the purchase will also help. Then, you can look for advertisements for timeshare sales in major classified ads. You can also visit the websites of reputable national realty companies that handle timeshare. With this, you can compare the price differentials by size, location, season and amenities.

After that, check the exchange options and cost of membership and fees for the exchange service. A certain timeshare location combined with a low cost exchange option can significantly reduce your overall cost for timeshare ownership. Moreover, watch out for scams as it is prevalent in this industry. Lastly, ask about discounts for larger down payments and arrange to finance fewer payments over the life of your timeshare ownership.

Perhaps we have often heard of owners who have financial difficulty paying their timeshares and thus, try to get rid of it. Some even hire a timeshare transfer company such as the Transfer Smart. As timesharing becomes unattractive these days, you can still avail of it without or with lesser financial burden by purchasing such property through a bargain price.

Tuesday, November 17, 2009

Smartly Transfer Your Timeshare Ownership as a Call to Frugality

Nowadays, many workers are getting laid off, a lot of companies are experiencing bankruptcy and almost everyone is cutting back expenses. This current state of the economy isn’t just happening in the US alone but it’s a global phenomenon. In this belt-tightening times, it is not practical to own properties that doesn’t provide you much returns and those that are more likely considered a liability rather than an asset. An example of such property is a timeshare. If you have one, it will do more good if you get out of your timeshare contract.

However, in this crisis times, disposing such property can really be difficult. But here are some ways that might help you get rid of it. First, have someone to share the ownership with. This will lessen the burden of paying the hefty cost and you’ll also be able to have someone to share the payments with.

Also, in order to make your timeshare resale sell, you have to make it attractive to potential buyers. You can do that by giving add-ons, bonuses and freebies. This will give the impression that the timeshare is resold at a bargain.

Moreover, reduce your timeshare resale rate. Generally, you have to drag down your price to compete other many timeshare units offered in the resale market. In this way, you’ll drive buyers to gain ownership of your timeshare.

Owning a timeshare can be a way to relatively enjoy life but this comes with fees that you cannot get away from. That’s why many owners nowadays are trying to get rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart. For those who still own one, not unless you get rid of it, only then you’ll be relieved.

Monday, November 16, 2009

Sweden Attractions Opened as a Smart Move to Entice Timeshare Tourists

While the current economy hasn’t fully recovered yet from the crisis that broke out in the late of 2007, the timeshare industry is still affected resulting in low sales. Added to this, there are also many current owners who are trying to get out of their timeshare contracts. This may mean that most of these owners are dissatisfied with their timeshare units. With these, the timeshare companies must look for innovative ways to attract consumers. In Sweden, new tourist resorts and attractions were opened in a bid to entice European tourists, including timeshare owners.

According to VisitSweden's report, there will be a range of new restaurants and attractions opening up all over Sweden in addition to new city breaks. This includes the opening of Fotografiska, a photography museum in Stockholm, and the Stockholm Skyview, which is the largest spherical building in the world. VisitSweden pointed out that there will be something for everyone this winter. The said report was launched as part of the World Travel Market held in London this week which also features exhibitions from a number of different countries across the world.

On the other hand, Sweden is considered a popular travel destination for many European travellers and recent figures released by the UK Foreign and Commonwealth Office reveal that from the UK alone, more than half a million holidaymakers visit Sweden each year.

Nowadays, people tend to be more cautious of their spending. For the timeshare consumers, it’s not a question of whether they still like the idea of timesharing. It’s a matter of how the costs are worthy of those timeshares. While there are many owners who are getting rid of their timeshares and some even hire a timeshare transfer company such as the Transfer Smart, it’s not impossible to invite timeshare consumers if there are new attractions and innovative ways that they could benefit from it.

Friday, November 13, 2009

Smart Tips on Buying Timeshares on Auction Websites

Traditionally, people go through brokers or real estate companies to buy timeshares. But with the latest of technology today, buying timeshares through internet auctions has become the newest trend. On the other hand, we often hear some unfortunate stories about people being scammed into buying timeshares. Some of the scams involved units which actually do not exist. In some cases, the quality was not as they promised and as a result, most owners want to get out of their timeshares. Such happenings lead to the emergence of internet auction sites for timeshares.

With the internet auction sites, it allows users to buy and sell timeshares. These sites charge absolutely no upfront fee to put your timeshare on sale or to bid on timeshare sales. They charge after the bid is successful.

However, there a few points to kept in mind in order to have successful timeshare bidding. First, try to establish a communication with the seller as soon as possible and know whether the seller is responding well to your queries or not. Be cautious also of the frauds and scams as the internet is no exception of these.

More importantly, find out the complete information about the property in advance. This includes the location, amenities, the price, the exchange privileges, and other important things that may affect your timeshare ownership. Do not hurry whether you lose or hurry, there may be a better property in waiting for you to bid. Remember that many people purchase a timeshare and a considerable part of them end up being unhappy with their ownership. Consequently, most of the unhappy owners try to get out of their timeshares while some even hire a timeshare transfer company such as Transfer Smart just to get rid of such property.

Thursday, November 12, 2009

Smart Checklist about Timeshare Repurchase

Nowadays, there are more people who are trying to get out of their timeshares by selling it than there are people looking to buy one. If you've bought a timeshare some time ago and now thinking of repurchase, then you're joining a number of individuals who have the same purpose. Whether you wish to repurchase any time soon or just looking for a resale, remember that you're entering a buyer's market. This article might help you learn about timeshare repurchase and be familiarized about the checklist as a quick guide.

There are some things that you should watch out for when you repurchase a timeshare. The following is a checklist that can help guide you:

- Deeded property or lease / right-to-use
- Fixed or floating week
- Reputation of the company that manages the timeshare properties
- Desirability of the timeshare unit
- Size and amenities offered by the unit
- Maintenance fees and other possible expenses
- Exchanging privileges
- Taxes
- Length of time required to complete closure and transfer
- Insurance available in case the property is in a disaster-prone area

Most owners who are looking to repurchase a timeshare are unhappy with their previous ownership and currently, there are still more and more people who are trying to get rid of such property. That means that there are still many owners who are dissatisfied or having difficulties with their timeshares today. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. So, if you’re planning to repurchase a timeshare, try to consider the checklist above and hopefully this time you can get the best of your timeshare.

Wednesday, November 11, 2009

Owners Smartly Reveal Their Frustrations Over Gulf Coast Timeshare

Timeshare ownership is said to be a financial commitment. If one plans to own a timeshare, he/she must be prepared for the annual maintenance fee which usually increases over time and for some other fees which may cost significantly. Because of these fees, many current owners cannot afford anymore their timeshares and thus, want to get out of their timeshare contracts. Meanwhile, the other fees imposed by the developers may appear to be unjust and may sometimes cause disputes with the timeshare owners.

Such is the case of John Frost, who owns a timeshare in Mustang Island Beach Club. Several years ago, Frost and others were told that one of the thee condo buildings where they own a timeshare is going to be refurbish and agreed to pay a special fee of up to $3,000 for each week they own. Later, they were stunned to find out that they no longer had access to the units they paid to renovate. Before, they belong to a building equipped with better facilities. But lately they're assigned to a building which has poorly equipped amenities.

Eventually, the timeshare owners went to the developer and association president Randy Turner of Dallas. On the other hand, consumer lawyers advised that the timeshare owners can try to take over the association from Turner, and if they can't resolve their dispute can sue him.

Owning a timeshare comes with a number of financial obligations and before any owner sign an agreement or any legal documents, it is better to evaluate and clarify these first to avoid future conflicts. Take note that several owners nowadays are unhappy with their timeshares and want to get rid of it. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property.

Monday, November 9, 2009

Transfer Smart Alert: Timeshare Scams and its Effects on the Industry

Nowadays, timeshares have a bad reputation due to a number of scams in which some unscrupulous agents or companies use to lure potential owners. Meanwhile, for every person that gets scammed in the timeshare business, this also affects the honest businesses resulting to significant lost sales. In studies done by different organizations, it shows that those people who were scammed in the timeshare industry not only leave with a bad taste, they also tell their families and friends which results in lost revenue for the future of the honest companies. Moreover, this might also affect the current owners to influence them to get out of their timeshare contracts.

To help combat the effects of scams on the timeshare industry, there are some organizations which create committees that do nothing but research companies that are offering services for the timeshare industry. Currently, they are posting the information they collect which not only hurts the dishonest companies but also helps the good companies as they are getting an endorsement from such organizations.

Such organizations report the companies that are using dishonest tactics will help the industry and create a business market place where the consumers feel safe to conduct business in. With this, the growth of the timeshare industry has sky rocketed in the last few years creating a market for scammers to operate and generate dishonest income.

Scams in the timeshare industry have a great impact on consumers particularly on potential timeshare owners. Resale scams had been cited as one of the top complaints in the timeshare industry. As many owners try to get rid of their timeshares by selling it, some fraudulent resale companies victimized these owners. That’s why some owners hire a reputable timeshare transfer company such as the Transfer Smart to get rid of such property.

Sunday, November 8, 2009

Timeshare Organizations Smartly Launch a TV Programme

The timeshare industry today had been tarnished by the scams and the reportedly number of disadvantages of this kind of vacation package. The unattractive image of this industry is not only damaging to potential timeshare buyers but also to the current owners where many of them are trying to get out of their timeshare contracts. With these, the TATOC, the Timeshare Association, and Worldwide Leisure Group have joined together to launch a TV programme explaining all the benefits associated with timeshare ownership.

The said programme entitled “Timeshare – History in the Making” d├ębut on the Travel Deals Direct channel (Sky 647) and on the Travel Channel (Sky 251). The programme is split into several parts covering all aspects of timesharing and footage of typical timeshare resorts located on the Costa del Sol (Club La Costa, Marina del Sol), Cyprus (Paradise Kings Club) and Scotland (Macdonald Hotels & Resorts, Forest Hills). Added to this is the explanation of how exchange programmes work.

The half-hour program offers insight on things such as management fees and the beauty of being able to exchange timeshares worldwide. Harry Taylor, the CEO for TATOC will also share his experiences as a timeshare owner for this programme. The idea behind this is to educate people about timesharing in the comfort of their own homes.

The said programme launched by the mentioned timeshare organizations can help regain the interesting image of the timeshare industry. As we all know, there are several owners nowadays who are trying to get rid of their timeshares. Some of these owners even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. By educating the potential owners, it will bring back consumer confidence and eventually re-establish the strength of this industry.

Friday, November 6, 2009

Smart Tricks to Sell Your Timeshare

For owners trying to get out of their timeshares by selling it, they realized how hard it is to get someone to be interested in such property. Usually, when people heard of timeshares, they have a preconceived notion that it is a bad idea or an expenditure that can rip them off financially.

Now, if you’re one of those owners trying to sell a timeshare, consider what is required for someone to be talked into buying something that they already have a preconceived notion of it as being a bad thing. Moreover, selling a timeshare requires a few tricks to get people to buy.

First, a timeshare sales presentation may be set up in a way that you think everyone else there is buying it. Seeing this to others may make any potential buyer want to buy a timeshare too. You can also try giving gifts to potential buyers. This is a subconscious thought that translates into being more likely to buy a timeshare in order to repay the favour of being given a free gift. Also, saying that the price offered is considerably low and this won’t take long will also help and will make them think that they will miss out something if they will not buy now. Moreover, stress out to any potential buyer that he deserves a vacation. They will be likely to buy if you can convince them that they deserve it.

Today, timeshares are commonly seen as unattractive offers especially for average consumers. As a matter of fact, there is an increasing number of owners who are trying to get rid of their timeshares while some even hire a timeshare transfer company such as Transfer Smart just to get rid of it. Although selling a timeshare today is a difficult task, considering those few tricks mentioned above help you get someone to be interested in such property and eventually sell your timeshare.

Thursday, November 5, 2009

Transfer Smart News: Wyndham Timeshares Profit Fall in the 3Q

The recent economic crisis that broke out in late 2007 is described as the worst global financial crisis since the Great Depression. Although almost two years had passed already, everyone is still experiencing the adverse effects of this difficult situation. In the timeshare industry, as many owners are trying to get out of their timeshares, almost every timeshare company also had been put to a test in withstanding this unfavourable economic climate.

In one case, the Wyndham Worldwide Corp. had announced that its profit fell in the 3Q as it spent less on timeshares. The said company’s earnings dropped by 27%. This is equivalent to $104 million or 57 cents per share compared to 80 cents per share or $142 million a year ago. Not including legacy items, the earnings were 58 cents per share, which exceeded the analysts’ forecast of 56 cents per share.

On the other hand, Wyndham reduced its timeshare investments and attributed some of its losses to the strong bounce of the dollar and the softness of the lodging sector. The said company’s timeshare gross sales dropped by 35% to $366 million. Moreover, Wyndham cut its expenses on many timeshare operations, including shutting down offices and minimizing marketing campaigns.

The case of Wyndham is just one of the many cases of timeshare companies which are surviving this economic climate. The current economic condition aggravates the image of timeshare ownership today which becomes unattractive for most people. Take note that several owners these days are trying to get rid of their timeshares. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. Although most companies are implementing strategic measures to minimize costs and increase sales despite the unfavourable economy, losses are still a commonplace for this industry today.

Wednesday, November 4, 2009

Transfer Smart News: Lawsuit Filed Against Two Timeshare Resale Companies in Florida

Today, there are many owners who are trying to get out of their timeshares due to the disadvantages brought by it. Most owners opt to resell it first before considering other options and some work it out with a timeshare resale company. But some resale companies should be watch out for as a number of cases have identified them as a scam. In Florida, the attorney general has filed a lawsuit and requested an emergency injunction against the two timeshare resale marketing companies namely the Universal Marketing Solutions and Creative Vacation Solutions.

The suit which was filed last week alleges that the owner/manager Jennifer Kirk collected more than $4 million in marketing fees each month. But the said companies, rarely marketed, advertised or facilitated sales for the timeshare owners who had contracts with them. The injunction also requests these companies to cease doing business while the lawsuit is pending.

On the other hand, an investigation found out that Kirk and her companies charged as much as $2,500 for timeshare resale advertising services and hundreds of customers nationwide were solicited via the Internet and telemarketers. According to the lawsuit, when prospective buyers contacted the companies to purchase a timeshare, no attempt would be made to match them with sellers. This makes the advertising and marketing claims a complete sham.

Nowadays, the number of cases of scams in the timeshare industry is still increasing. As some owners try to get rid of their timeshares, while some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it, some owners fall to the wrong hands of fraudulent resellers who are just quick at getting marketing fees. The local government therefore advise timeshare owners to be cautious on these kinds of resale companies especially if they are asking for upfront fees before the sale.

Monday, November 2, 2009

Transfer Smart News: Timeshare Owners Win Legal Battle Over Management Companies

The timeshare industry is considered one of the most complained industry today especially in UK. This image makes some owners want to get out of their timeshares. While some, with the power of the owner’s committee or timeshare owners association, voice out their complaints and settle further legally.

In Lock Rannoch, one of UK’s most remote timeshare resorts, an owner’s committee fends off two management companies it has dismissed and continues a 10-year legal battle. During the annual meeting of the Loch Rannoch Highland Club, the elected committee beat off challenges from disgruntled owners and insisted it would continue to manage the resort itself, using volunteers, book-keeping software, and an auditor, having dismissed first Macdonald Hotels and then a successor company set up by owners at the instigation of the committee itself.

In the past year, the club has paid £550,000 plus over £200,000 in legal fees to settle court action by Macdonald, and been served with a claim for £389,000 for wrongful termination of contract by Timeshare Management Services Ltd (TMSL), whose founders are now agitating against the committee.

Meanwhile, Macdonald Hotels, the UK’s leading timeshare operator, has been manoeuvring to try to harness owner discontent and eventually regain the contract for managing the resort next to its Loch Rannoch hotel, which it lost in 2003 after taking dozens of owners to court, refusing industry mediation, and banning holidaymakers from the hotel bar.

While many owners try to get rid of their timeshares and some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property, others still hold on to their units while legally pursuing their complaints. In this way, they hoped that they have a better chance of winning their rights as a consumer.


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