Jul 16

Timeshare Relief Testimonial Rave Review Leo Brosseau

Timeshare Relief Testimonial 1 Comment »

At Timeshare Relief, we have met with some timeshare owners who have been burned on timeshare resales deals, or clump Timeshare Relief together with those types of nefarious companies.  They meet our representatives with their defenses on high alert but still searching for a way out of their timeshares.

Leo Brosseau was in this situation.  He felt like he was going to get “shafted” before meeting with us.  Soon, he realized that Timeshare Relief was there to help him.  Hear it in his own words below…

Interviewer:                       Alright, for the record, if it’s okay, what is your name?

Leo Brosseau:                    My name is Leo Brosseau.

Interviewer:                       Are you satisfied with the service that Timeshare Relief has provided?

Leo Brosseau:                    I am more than satisfied with it.  I wish I’d heard about you ten years earlier.  You did a great job for me.

Interviewer:                       Are you still paying for your timeshare?

Leo Brosseau:                    No, sir, we are not.

Interviewer:                       Did you enjoy receiving the notification of final transfer?

Leo Brosseau:                    I was overjoyed, believe me.

Interviewer:                       On a scale of 1-10, what is your overall satisfaction level with our service?

Leo Brosseau:                    10.

Interviewer:                       Is there anything else you would like to share about your experience with Timeshare Relief?

Leo Brosseau:                    Well, I just think – I’d like to tell you that I thought all of your people were more than courteous and patient with people like me, who thought we were going to get shafted in the beginning.  And due to the patience of your own people, I found out that you were doing me a favor.  So, that’s about all I want to say.  I think you done a great job for me and I would recommend you to anybody that wanted to talk to me about it.

Interviewer:                       All right.  It sounds like you were pleased with your experience with us.  Thank you so much for your time –

Leo Brosseau:                    Okay.  You have a good day.

Interviewer:                       You too.

Leo Brosseau:                    Okay.  Bye-bye.

Timeshare Relief did not pay for this testimonial.  The interview occurred after the timeshare transfer process was completed a few months after the initial meeting.  Timeshare Relief makes no claims that it can take every timeshare.  Timeshares must be fully paid off, and must be qualified for transfer.  The timeshare transfer service requires a fee.  If you would like more information, please go to www.timesharerelief360.com and fill in your contact information, or call 1-866-797-0535 and speak to one of our friendly expert representatives.

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Jul 15

Before You Foreclosure, Get Rid of Your Timeshare

Timeshare Advice 2 Comments »
Timeshare Relief before Foreclosure

Timeshare Relief Before Foreclosure

With the economy continuing to sputter, timeshare owners, like you, may want to consider getting rid of their timeshares in order to save their homes.  Timeshare relief may be the only saving grace between being obligated to pay maintenance fees and special assessments versus keeping homes from foreclosure.

Many people are having a tough time right now because they are struggling with paying their mortgage, the bills, and the ever-rising cost of gasoline among other things.  Others have to contend with layoffs, pay cuts, reduction in benefits or other crises that may result in less disposable income.  We have all heard stories about people – some that we know – who have lost homes due to foreclosures in record numbers.

If you own a timeshare, you may be facing an even tougher uphill battle to get your finances under control.  On top of the other bills that can stack up, you have maintenance fees that you have to pay annually on your timeshare that consistently increase over time.   Incredibly, those maintenance fees may not be the only timeshare fees.  Special assessments can come at any time.  You do not want that crushing financial blow at a time of difficulty.  When you put all that together, it seems that there has never been a better time than now to get rid of your timeshare.   Doing so can cut down on the financial hassle your household may be dealing with right now.

Timeshare Relief can help with this burden.  Just call 1-866-797-0535 to speak to one of our friendly and expert representatives who can tell you more about the Timeshare Relief service.  We can transfer the ownership of your timeshare so that it is no longer in your name, thereby alleviating you of the timeshare fee obligations.

Since you probably financed your timeshare, the best thing to do will be to pay it off quickly to get rid of all those high interest payments.  If you cannot pay it off, at least attempt to transfer the debt to another source, like a credit card or borrow from a friend or family member.  Timeshares with liens on them are next to impossible to dump.

The market is currently flooded with timeshares that don’t have mortgages. It’s hard enough to find a buyer for a timeshare that is currently paid off, so if you have an existing mortgage on the timeshare you will experience great difficulty selling it.

Timeshare Relief can only take timeshares that are completely paid in full.  Clients pay Timeshare Relief a fee for this service.

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Mar 05

How Much Is Your Timeshare Worth? Many Are Below Zero

Timeshare Costs No Comments »

Timeshares Resale Value Go Below ZeroFor anyone that has ever bought a new car, we know that sinking feeling we get as the value drops like a rock after we drive it off the dealership parking lot. Once you sign the contract for a timeshare, the impact is as if you bought and drove several new cars off the dealership lot at once. You’re going to lose a lot of value immediately.

A timeshare can lose 40% to 75% of their market value immediately after you sign the contract with the timeshare salesperson. One factor that contributes to the steep drop in value is that the salesperson and the company immediately receive their percentages on commission.

In the short time that it takes for the ink on your contract to dry, the timeshare turns into a notch on the timeshare salesperson’s belt. Immediately considered an asset to the timeshare resort, the clock starts to siphon money from the fresh timeshare owner in the form of maintenance and special assessment fees.

After a while, the timeshare resorts have little incentive to provide upkeep and to upgrade the timeshare. There is a reason for that. The timeshare contract guarantees revenue through all the fees the resorts collect from timeshare owners, so they do not need to bother with improvements. They take this money and use it to build new resorts that guarantee that they can collect even more maintenance fees from new timeshare owners.

As the timeshares age and the maintenance fees increase, there is less desire to purchase a condo unit from that location.  Most potential buyers would prefer new, more modern timeshare units.  At the same time, if the value for the increased maintenance fees paid begin to annoy timeshare owners, how do you think it will affect a potential owner who never vacationed there before?  For many owners, they end up paying for something they don’t use and no one is looking to purchase from them.   So, the value of that timeshare is negative — below zero — it’s taking money away constantly.

Timeshare Relief helps people out of this vicious downward spiral of value and get rid of those timeshares.

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Feb 24

Well-Told Funny Timeshare Purchasing Experience

Timeshare Stories 2 Comments »

Timeshare Relief smiley facesFor one of the funniest recollection stories of a timeshare presentation, go to Leann’s blog here.  If you’ve ever gone to a timeshare presentation, you’ll relate to the story, and if you haven’t had the wonderful experience of the hardest sell-job EVER, you definitely should read the story in it’s entirety…

Flat…out…hilarious…

Here’s an excerpt:

Our sales person Sir Ken of Amway introduced himself and led us to our table where he promised we would spend no longer than 90 minutes listening to a very low key fairy tale about magical destinations after which we would be free to have our prize bestowed upon us.

And another:

The Rogue offered us COOKIES! He even played the “I was a single dad and I regret not spending more quality time with my kids” card.   Oh yes, HE DID go there! The man was a WIZARD I tell you!

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Jan 08

Timeshare Relief – Why Timeshares Should Not Be Considered ‘Investments’

Timeshare Advice No Comments »

Timeshare Relief - Timeshares are bad investmentsThrough research and hearing stories from timeshare owners, Timeshare Relief knows that there’s a general misconception out there that timeshares can be thought of as a vacation/real-estate investment.  With the number of timeshare presentations that stated that timeshares were good investments, the thought has stuck around for a while.  Now, there are disclosures that must be presented that state that timeshares cannot be considered investments for future monetary gain.

Here are seven reasons why timeshares should never be considered investments:

1. The Timeshare Resale Market has an Over-Supply
According to the American Resort Development Association (ARDA), there were 1,629 timeshare resorts in the United States in 2008, representing approximately 182,100 units. If every unit is divided into 50 weeks, the result is over 9 million timeshare weeks available for sale just in the US (not internationally).  There just are not that many buyers.

2. Upfront Timeshare Cost
The money that a timeshare owner pays upfront does not have a rate of return. It could be used for other purposes like true interest-bearing investments, or for future vacations. The money is spent regardless if the timeshare is used or not.

3. Maintenance Fees
Timeshare owners pay mandatory annual maintenance fees whether they stay at the timeshare or not. Maintenance fees in the US averaged $646 in 2008. They typically increase every year. These fees do not include special assessments that may occur due to emergency repair or other non-maintenance related cost.

4. Depreciating Asset
Timeshares are worse than new cars in terms of holding their value. Much of the upfront cost of timeshares goes to the marketing and sales of the units. Once the timeshare contract is signed, it can lose as much as 50 percent of its value. There are certainly timeshares where the resale value can go to zero over time. Check out eBay and the number of unsold timeshares priced at $0.01!

5. Developers Compete Against Owners in the Rental Market
In order to bring prospective owners to the timeshare resorts, the developers establish lower rental rates as incentives to visit their timeshare resorts. Many times these rents are lower than the maintenance fees charged to owners.

6. Exchanges
A perceived highly-valued benefit of timeshares is the ability to exchange a timeshare for another one in a different location. This benefit comes at the cost of annual exchange fees that again must be paid annually whether or not the exchange is used. Many owners have found it difficult to schedule an exchange to a desired location. As a timeshare ages, it also tends to lose desirability for exchange.

7. Long term Timeshare Contracts
Timeshare contracts have very long durations. Some are written so as to be virtually perpetual. With the financial obligations previously described, very few organizations or astute investors would want to pay so much annually without a guaranteed return (outside of the vacation accommodation that a timeshare provides).

These seven reasons are why many financial advisers do not recommend and even discourage their clients from purchasing a timeshare.

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