Category Archives: Uncategorized

Scammers Will be Caught

ImageTransfer Smart reports on a man who was caught for being involved in a Craigslist sting. This scam was run by a Meadow Vista man, William Frank Lordier. According to the County Sheriffs they are now looking for the subjects of this scam and Lordier was held for selling timeshares on Craigslist. 

The detective commented, “He used to work for a credible company a long time ago, and he was using their name to sell fictitious timeshares. The victims would sign a fictitious contract, provide their bank info and he would then make withdrawals. Then they might never hear from him again.” 

Victims have recently been discovered in multiple areas like L. A. , Oregon, Washington and Nevada.

Transfer Smart News: Timeshare Exchange and Rental Giant Acquires ResortQuest

Despite the number of owners trying to get out of their timeshares every year and the negative perception of owners with such properties, this industry still remains resilient. As a matter of fact, some timeshare companies today are expanding their operations. One of these is the Wyndham Worldwide which recently announced that its Exchange & Rentals business unit, the worldwide leader in vacation exchange and European leader in vacation rentals, has agreed to acquire ResortQuest, a leading provider in full-service vacation rentals in the US.
The acquisition price is approximately $56 million (USD) which is subject to adjustments. With this acquisition, Wyndham Worldwide becomes the world’s largest full service vacation rental business. It currently provides access to more than 85,000 vacation properties in approximately 100 countries. Meanwhile, ResortQuest will provide a strong platform for the Company’s expansion into the US serviced vacation rentals market.
According to Stephen P. Holmes, chairman and CEO of Wyndham Worldwide, since 2000, they have successfully acquired at least 30 European rental brands, creating what today represents the leading serviced rentals business in Europe, with 2009 revenues of $460 million. He added that building upon this success, the acquisition of ResortQuest gives us a unique opportunity to build a sizable growth platform in the US rentals market, a $10 billion industry that currently lacks a significant player.
According to Park Brady, CEO of ResortQuest, they are very excited about the competitive advantage that joining the Wyndham family will bring in providing additional distribution and marketing services to their homeowners, increased benefits to their employees, and superior marketing in the US. He added that ResortQuest’s goal has always been to provide vacation rental customers with the best choices wherever they want to travel and they are glad to continue their mission to build on the quality vacation rentals they offer customers as part of one of the largest and most global companies in the serviced vacation rental market.

Despite the number of owners trying to get out of their timeshares every year and the negative perception of owners with such properties, this industry still remains resilient. As a matter of fact, some timeshare companies today are expanding their operations. One of these is the Wyndham Worldwide which recently announced that its Exchange & Rentals business unit, the worldwide leader in vacation exchange and European leader in vacation rentals, has agreed to acquire ResortQuest, a leading provider in full-service vacation rentals in the US.
The acquisition price is approximately $56 million (USD) which is subject to adjustments. With this acquisition, Wyndham Worldwide becomes the world’s largest full service vacation rental business. It currently provides access to more than 85,000 vacation properties in approximately 100 countries. Meanwhile, ResortQuest will provide a strong platform for the Company’s expansion into the US serviced vacation rentals market.
According to Stephen P. Holmes, chairman and CEO of Wyndham Worldwide, since 2000, they have successfully acquired at least 30 European rental brands, creating what today represents the leading serviced rentals business in Europe, with 2009 revenues of $460 million. He added that building upon this success, the acquisition of ResortQuest gives us a unique opportunity to build a sizable growth platform in the US rentals market, a $10 billion industry that currently lacks a significant player.
According to Park Brady, CEO of ResortQuest, they are very excited about the competitive advantage that joining the Wyndham family will bring in providing additional distribution and marketing services to their homeowners, increased benefits to their employees, and superior marketing in the US. He added that ResortQuest’s goal has always been to provide vacation rental customers with the best choices wherever they want to travel and they are glad to continue their mission to build on the quality vacation rentals they offer customers as part of one of the largest and most global companies in the serviced vacation rental market.

Smartly Identifying Timeshare Resorts Worth Visiting

Although there are many owners today who are trying to get out of their timeshares, such properties still remain one of the most popular vacationing options. Choosing a timeshare for your vacation is not an easy task. It basically depends on what you want from your timeshare resorts. This article presents some timeshare destinations worldwide which are worth visiting.

First, you have the Teton Club at Jackson Hole, Wyoming. If you want to acquire a timeshare here, be quick as the lack of land to develop and the luxurious surroundings has made the prices increase quite quickly. Meanwhile, the Private Residence Club is located at the base of the mountain resort. It has a unique, relaxing and comforting interior.

Another good choice is the Marriott’s Phuket Beach Club in Mai Khao, Phuket, Thailand. This is just 10 miles away from the airport. Here, the vista is exceptional and lush. There are swaying palms, beautiful lilies and natural water features. There are also swimming pools that overlook the Andaman sea or enjoy the spa facilities before returning to your clean air conditioned villa that includes an extra large tub, large mirrors, a full kitchen and washing machine/dryer.

Then, you can opt for RCI’s Riviera Maya at Playa del Carmen for your vacation. It offers light, spacious and airy accommodation with fantastic relaxation options. You can take a trip on the ferry across to Cozumel, relax on the soft white sands, take a quick dip in the blue sea or go on a tour. Moreover, you can go fishing or try a round of golf on the 18-hole par 54 Jack Nicklaus designed golf course.

Transfer Smart News: TATOC Announces Two New Sponsors for its Sister Website

With the negative perception on timeshares and the many owners today who want to get out of their timeshare contracts, the Timeshare Association (Timeshare Owners and Committees) known also as TATOC launched its sister website Sharetimemagazine.com. The aim of the magazine is to provide the latest timeshare and holiday news to timeshare owners and helpful information to active owners who give up their time to sit on resort committees. Recently, TATOC has two new sponsors for its recently launched sister website.
Worldwide Timeshare Hypermarket and RCI Europe have become annual sponsors of the magazines dedicated website. They have also chosen a number of advertising opportunities both on the site and in the quarterly magazines. Moreover, they join Merlin Software for Vacation Ownership and the Holiday Letting Shop who are also sponsoring the website.
According to Harry Taylor, TATOC CEO, they are delighted that the two companies who already support TATOC have extended this to their new magazine and website. They are very excited about the magazine now it is in digital format and really believe it will reach more timeshare owners and perspective buyers.
On the other hand, Dimitris Manikis, RCIs Vice President, Europe & Middle East Business Development, said that RCI has long supported the efforts of TATOC and the Sharetime website and magazine are a great way for them to get their message across to timeshare owners.
The Timeshare Association recently announced that Sharetime, its official quarterly magazine, will be available in digital format only and accessible from its own dedicated website. The next edition of the magazine is due for publication later this month, September 2010.
Taylor hoped that this magazine will stimulate members to become more active and support their vacation resorts. He explained that the digital version means they can spread a positive message of the benefits of timeshare to more people than ever before.

With the negative perception on timeshares and the many owners today who want to get out of their timeshare contracts, the Timeshare Association (Timeshare Owners and Committees) known also as TATOC launched its sister website Sharetimemagazine.com. The aim of the magazine is to provide the latest timeshare and holiday news to timeshare owners and helpful information to active owners who give up their time to sit on resort committees. Recently, TATOC has two new sponsors for its recently launched sister website. 
Worldwide Timeshare Hypermarket and RCI Europe have become annual sponsors of the magazines dedicated website. They have also chosen a number of advertising opportunities both on the site and in the quarterly magazines. Moreover, they join Merlin Software for Vacation Ownership and the Holiday Letting Shop who are also sponsoring the website.
According to Harry Taylor, TATOC CEO, they are delighted that the two companies who already support TATOC have extended this to their new magazine and website. They are very excited about the magazine now it is in digital format and really believe it will reach more timeshare owners and perspective buyers.
On the other hand, Dimitris Manikis, RCIs Vice President, Europe & Middle East Business Development, said that RCI has long supported the efforts of TATOC and the Sharetime website and magazine are a great way for them to get their message across to timeshare owners. 
The Timeshare Association recently announced that Sharetime, its official quarterly magazine, will be available in digital format only and accessible from its own dedicated website. The next edition of the magazine is due for publication later this month, September 2010. 
Taylor hoped that this magazine will stimulate members to become more active and support their vacation resorts. He explained that the digital version means they can spread a positive message of the benefits of timeshare to more people than ever before.

FTCs Consumer Alert about Selling a Timeshare

Last month, the Federal Trade Commission’s released a Consumer Alert entitled “Selling a Timeshare through a Reseller: Contract Caveats.” This is very important for those who are trying to get out of their timeshares through a reseller. As we all know, there are several scams these days involving timeshare resales.

The Federal Trade Commission is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. It pursues vigorous and effective law enforcement, and advances consumers’ interests by sharing its expertise with federal and state legislatures and US and international government agencies.

Meanwhile, a reseller is a real estate broker or agent specializing in reselling timeshares. The FTC strongly cautions the consumers to check out resellers and to deal only with licensed brokers and agents. To avoid scams, it is also appropriate to ask resellers for references of satisfied clients and to ask that any oral representations by salespeople be put in writing.

On the other hand, the FTC suggests that consumers should ask the resellers how they intend to advertise and promote the timeshare unit. It is always better to do business with a reseller that takes its fee after the timeshare is sold. If you must pay a fee in advance, you should clear out the refund policies.

Moreover, the FTC reminds the consumers that it is a mistake to assume you’ll recoup your purchase price for your vacation property especially if you’ve owned it for less than five years and the location is less than well-known. You may also consider using a licensed timeshare appraisal service if you are interested in establishing value. More importantly, before signing any contract with a reseller, do the due diligence and get all terms and conditions in writing.

Transfer Smart Alert: Timeshare Resale Services through Ads and Emails that You Should Avoid

Timeshare resale service ads on websites and e-mails might be tempting for those owners who want to get out of their timeshares. But the US Federal Trade Commission and several state attorneys general have issued alerts warning consumers about selling a timeshare through a reseller. They gave similar warnings like you should know who you are dealing with and what you are getting before you sign an agreement.

Take for instance the case of one consumer who was promised of fast cash for selling her timeshare points similar to frequent flyer miles through an unsolicited e-mail. With this tight economy, the deal is tempting. But the agent would take her points from her Florida timeshare and sell them with $1,000 as an upfront fee. There’s also a sample contract attached to the e-mail saying that the upfront fee was to cover marketing costs for 90 days.

Meanwhile, the Florida attorney general’s office said most resale companies require an advance listing fee before the sale can take place. But they strongly recommend choosing a company that collects its fee after the sale goes through.

On the other hand, timeshares are big business. It has total sales of $9.7 billion in 2008 alone. With that amount of money, it’s no wonder scammers look for ways to prey on their victims. However, these can be avoided by following a number of tips from the AGs office. As a rule, don’t give your credit card number or other personal information over the phone. Also, do your research before doing business with any company and compare their offers to industry competition. Moreover, be wary of companies that charge upfront fees and choose a company that offers to sell for a fee only after the vacation property is sold.

Smart Things You Can Do With an Unwanted Timeshare

For many vacationers, owning a timeshare may be an excellent idea. But as years go by, a number of reasons arise why a timeshare may not be that excellent that it once was. This drives the owner to get out of his timeshare. This article presents some things that an owner can do with an unwanted timeshare.
The most common choice is to sell your unit. Be aware that this option is not an easy task to do. It often requires a financial loss. To successfully sell your timeshare, you must price it not more 50% of what you originally paid for it.
Another option is to rent out your timeshare. This is a good alternative if you have difficulty selling your unit or if you still would be interested in using your vacation weeks later. Many owners opt for this to make up for those annual fees. This option is also easier as there is less paperwork and no advanced or difficult transactions take place.
Meanwhile, you can also donate your timeshare. There are several timeshare donation companies today who might accept your timeshare and then sell it to raise funds for a certain charity. This option can take your timeshare off your shoulders relatively quickly compared to any other options.
Moreover, you can also convert your weeks to points. Today, there are a few resorts which allow you to convert your weeks into points and then each year after that you can earn more points. The point system enables an owner to save, earn, trade, and buy points to arrange for vacation accommodations at destinations within a specific timeshare resort network.

For many vacationers, owning a timeshare may be an excellent idea. But as years go by, a number of reasons arise why a timeshare may not be that excellent that it once was. This drives the owner to get out of his timeshare. This article presents some things that an owner can do with an unwanted timeshare.
The most common choice is to sell your unit. Be aware that this option is not an easy task to do. It often requires a financial loss. To successfully sell your timeshare, you must price it not more 50% of what you originally paid for it.
Another option is to rent out your timeshare. This is a good alternative if you have difficulty selling your unit or if you still would be interested in using your vacation weeks later. Many owners opt for this to make up for those annual fees. This option is also easier as there is less paperwork and no advanced or difficult transactions take place.
Meanwhile, you can also donate your timeshare. There are several timeshare donation companies today who might accept your timeshare and then sell it to raise funds for a certain charity. This option can take your timeshare off your shoulders relatively quickly compared to any other options.
Moreover, you can also convert your weeks to points. Today, there are a few resorts which allow you to convert your weeks into points and then each year after that you can earn more points. The point system enables an owner to save, earn, trade, and buy points to arrange for vacation accommodations at destinations within a specific timeshare resort network.