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Using TIME II SHARE for selling or buying?
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5/10/2010 11:07 AM (PST)

Has anyone had an experience with TIME II SHARE, selling or buyin
a timeshare or campground membership?

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Replies: 9
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5/10/2010 11:43 AM (PST)

Hi Joan,

I don't find much information on this company outside of their BBB report, which is a red flag for us. A well established company usually has a large web presence. You can view their BBB report above by clicking "View BBB Report". In addition, you can click on "timeshares" in the Popular Tags category on the left hand side of the screen to read other questions posted about timeshares.

Over the years, there have been a lot of companies that came to life with the promise of helping people sell their timeshares. Most of these companies are located in areas where there are a lot of timeshares, like Florida and California.

Typically, they make a lot of promises about their abilities and claim that there is an army of people dying to purchase timeshares, and all of this will be available to you if you pay them the requested fee.

Reality is completely different. The truth is that timeshares are next to impossible to sell. There's almost no secondary market for timeshares, especially given the current economy and all of the problems in the housing market. Furthermore, if there really was a strong secondary market, these companies wouldn't have to charge a fee, they could make more money charging commissions on sales. The bottom line is that you should not pay any upfront fees to sell your timeshare to somebody else. Check out the Florida AG's website also:

http://myfloridalegal.com/pages.nsf/main/9161973ee14fdb1a85256cc900600947!OpenDocument

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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5/10/2010 12:16 PM (PST)

Time II Share asked me for 8% of the offered price for "escrow' and they will send me a check for much more than my campground membership is worth. And when the transfer is completed, will refund my "escrow".
The offer and terms raised a red flag, so I have been trying to find out if anyone else has used, or been used, by this business.

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5/10/2010 12:28 PM (PST)

Upfront fees are always a red flag. Even if the company promises a refund, you usually will not see that money again.

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5/11/2010 3:07 PM (PST)

Hello,

The company is Accredited with the BBB in LA and currently has a B+ rating and no complaints filed. You can access the full report by clicking "View BBB Report" above. We also show they have 2 positive reviews posted here on TrustLink, which you can view by clicking "View Reviews" above.

When shopping around for a company to sell your timeshare, 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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5/12/2010 2:07 PM (PST)

Hello Elaine,

I've linked the proper BBB and TrustLink reports on the company, which you can view above. They have an F rating with the BBB and 1-star rating on TrustLink based on 9 reviews. You should never have to pay an upfront fee to sell your timeshare, even if they say it's refundable. Chances are you will not see that money again.

Over the years, there have been a lot of companies that came to life with the promise of helping people sell their timeshares. Most of these companies are located in areas where there are a lot of timeshares, like Florida and California.

Typically, they make a lot of promises about their abilities and claim that there is an army of people dying to purchase timeshares, and all of this will be available to you if you pay them the requested fee.

Reality is completely different. The truth is that timeshares are next to impossible to sell. There's almost no secondary market for timeshares, especially given the current economy and all of the problems in the housing market. Furthermore, if there really was a strong secondary market, these companies wouldn't have to charge a fee, they could make more money charging commissions on sales. The bottom line is that you should not pay any upfront fees to sell your timeshare to somebody else. Check out the Florida AG's website also:

http://myfloridalegal.com/pages.nsf/main/9161973ee14fdb1a85256cc900600947!OpenDocument

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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5/28/2010 9:53 AM (PST)

I just got off the phone with them... didn't do any research before the phone conversation, however, the conversations went sooo bad my gut told me they are a bunch of slick sales people anyway. They were extrememly rude, disrespectful, and pushy. Thank God I'm a very inquisitive person and kept asking questions... that is when they really got agitated and came out with the rudeness.

The did ask for the 8% escrow as stated above. They came with a huge $ amount for my timeshare, way more than I'm sure anyone would pay.

I would suggest staying away!

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5/30/2010 7:45 AM (PST)

WARNING!! WARNING!! WARNING!!

I strongly agree with Stacy R. STAY AWAY!

I received a call from this comapany indicating that they had a limited time offer o the table for my timeshare. They had received information from a "3rd Party" company (whose name they could not disclosed) but knew tha "advertising fee" amount I had paid to that company.

I did receive a contract from them and it is by no means a legal sales contract for my property. If you can make your way through their attempt at legal mumbo-jumbo it becomes clear that you are being scammed.

They had asked for 8% of the sale price to be put into escrow by me and that I would receive that money back once the sale closed. Their contract even indicates the potential of the Purchaser receiving the escrow funds.

They also told me that they would be able to get back the "advertising money" I had paid the "3rd Party" since they could no longer advertise my property. I found that pretty interesting since that company apparently has gone out of business leaving many, many people high and dry. My gut tells me that this is that "3rd Party" company operating under a different name still out their trying to scam people.

It is unfortunate that the State of Florida cannot better control the types of companies that do business in their state. As of today Florida is noted in my book not for the torist site that it is, but the Sate of Scam Artists it appears to be.

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6/1/2010 1:34 PM (PST)

I was contacted by this company to sell my time share in Panama City Beach. I did put up the 8% escrow (cautiously) and after waiting for a few months thinking I got scammed, I received the proceeds for my time share sale. The sales person I spoke to was RUDE, (yes I agree with you Staci R.) and after waiting with my nerves in a ball! I'm no longer the owner of my time share.

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11/24/2010 1:54 PM (PST)


11/24/2010 1:41 PM (PST)

The person who posted above must be a company shill. What is a shill you ask? Someone who works for the company and created an account to state they had a good experience. Don't do business with any TS resale company who asks for an upfront fee. I have family that have been scammed by numerous companies just like this one and received a call recently by timeiishare. Same pitch, but asked for even more money! Would you pay your real estate agent before you bought your house? No, real estate works only on commission. Yes, TS is a luxury item not quite real estate, but these resale companies HAVE to be licensed brokers. Not even regular real estate agents can sell TS.

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