Timeshare Customer Complaints Continued to Rise in 2012

According to a recent article on Forbes.com, timeshare complaints continued to increase in 2012 from both potential buyers and current owners. The nature of these complaints are similar to those found in past years, but unfortunately, they continue to grow in regularity.

As far as owners are concerned, there are two primary complaints, and we at Newton Group Transfers are all too familiar with both. The first is that timeshare owners who are no longer satisfied with their arrangement are still forced to pay their steep maintenance fees, even if they no longer use their property. These fees can extend well into the thousands of dollars, which can cripple the finances of many families, leaving them stressed, frustrated, and anxious about their future.

The other common complaint had to do with the owners’ inability to end their timeshare contracts and the dozens of scam companies that thrive off of this desperation. It seems as though the number one perpetrator of these scams comes in the form of false resale companies. These companies usually charge around $3,000 to resell your property, and they often do nothing more than cash your check and vanish.

Unfortunately, in some cases, that’s only the half of it. Once the check has cleared and the scammers have disappeared, the owner will receive another phone call from a related scammer claiming to be a “resale recovery service.” They offer to recoup the owners costs from the initial scammers, but they charge a large fee to do so, and they disappear for good after they’ve cashed this second check.

If you already own a timeshare, but you no longer use it or have become frustrated by mounting fees, be very careful when looking for viable exit solutions. Make sure to do your homework: check with the BBB, contact your state attorney general’s office, research the company’s website, and look for a permanent mailing address to ensure authenticity. Just a few easy steps to verify a company’s legitimacy could save you and your family thousands of dollars in the long run.

At Newton Group Transfers, we encourage you to learn as much about our services as possible. You can visit our website to learn about our process, read our customer testimonials, and reference our FAQ section for answers to common curiosities. If you’d like to learn even more about how we conduct our business, please call one of our expert Timeshare Transfer Representatives at (877) 354-4321.

Avoid Your Maintenance Fees by Transferring Your Timeshare with Newton Group Transfers

Over the decade, Newton Group Transfers has become the most trusted name in timeshare exit. With offices in Michigan and Arizona, our expert personnel have assisted thousand of families achieve a swift and thorough exit solution from their timeshares. Our commitment to operating with integrity and transparency has helped us earn an A+ rating with the Better Business Bureau, and we have never had a single documented customer complaint. For these reasons, and many more, it is apparent that Newton Group Transfers is fully dedicated to helping our clients in all phases of timeshare transfer, including assisting them in avoiding costly annual maintenance fees.

For many timeshare owners, maintenance fees are not only increasing, but also becoming due earlier and earlier every year. Whereas, in the past, most developers would begin sending out their annual bills in November or even December, certain resorts are now billing their owners as early as May, meaning that a certain amount of diligence is required if an owner no longer wishes to be responsible for these costs. A sure way to avoid paying these fees for another year is to transfer the deed of the property out from under your name as soon as possible with Newton Group Transfers.

While, often times, a timeshare transfer can be completed in just a matter of weeks, so much of the detailed process depends on smooth cooperation between resort developers and the transfer company. Newton Group Transfers does everything within our means to expedite the transfer, but there is also a level of reliance on each resort to complete the transfer paperwork. Although resorts are required to comply, several have been known to delay the process when it works to their benefit. Often times, these delays result in the current owners paying an extra year’s worth of maintenance fees. This risk can be mitigated and even prevented by beginning the transfer process earlier in the year.

According to CEO, Theodoros Panopoulos, “Although getting rid of your timeshare can initially be an emotional decision, our customers ultimately recognize the net financial benefit, and they learn that delaying just costs them more money. Trust is the single most important factor for our customers when transitioning out of their timeshares, and they turn to us because of our proven track record of standing firmly behind our 100% Satisfaction Guarantee.”

If you are no longer interested in owning your timeshare, beginning the transfer process as early as possible is a great way to avoid your next maintenance fee and any special assessments. Call Newton Group Transfers today at (877) 354-4321 to guarantee an exit from your timeshare financial obligations forever.

WSJ: Timeshare Prices Plummet to Just $1

http://online.wsj.com/blogs/embed-video.html?guid=D77EFF46-6D26-4489-86F5-BA26EB671DD9

Relieve Yourself of Timeshare Stress

Are you a timeshare owner who feels overwhelmed by the rising fees levied by your resort? Are you looking for relief from your timeshare burden? Regardless of why you are feeling dissatisfied, removing your family from a timeshare obligation can be a difficult task.

At first glance, it seems as though there are several viable options for removing yourself from your timeshare: selling your timeshare outright through a listing company, donating your timeshare to a charitable organization, or simply abandoning your obligation. However, given the current state of the timeshare market, none of these solutions are as feasible as you might think. Therefore, the best option for a rapid, convenient, and affordable exit solution to your timeshare obligation is to contact Newton Group Transfers.

Removing yourself from a timeshare contract is nearly impossible to do on one’s own. Unfortunately, when individuals begin to despair over their attempts to end their timeshare burden, they choose to contact real estate agents and listing companies who simply cannot deliver on their lofty promises. However, the dishonest practices of many of these companies will not deter them from charging you absurd fees for their unresolved work.

Even if you try to make a charitable donation of your timeshare, the truth is that most philanthropic organization likely will not accept it. Charities will gladly accept gifts of assets, but since timeshares are considered a liability, they usually deny your donation. Like most individuals and families, charities are discovering that timeshares are nearly impossible to sell, and they don’t want to be burdened by the increasing maintenance fees and special assessments while waiting to move the timeshare. Furthermore, this practice can get you in scalding hot water with the IRS!

A new trend in the timeshare industry is the practice of developers renting vacant timeshare inventory for significantly less than the actual owner’s high maintenance fees.  Obviously, this new strategy by the developers has infuriated thousands of timeshare owners. This business practice places the resort in direct competition with the timeshare owners attempting to rent out their property during years of non-use, and in most cases, the actual timeshare owner is unable to match the discounted rates that the resort offers. Thus, the owners are forced to lower their rent considerably, which basically defeats their chances at collecting any significant return on their “investment” through renting.  When families can afford to rent cheaply, it makes no sense to buy. Therefore, the market for purchasing a timeshare has bottomed out over the last several years.

The sluggish economy has also dealt a substantial blow to the timeshare resale market. As most family’s incomes have been decreasing, so too have their travel options. Vacations are viewed as a luxury that many families simply don’t have right now. Those families that are able to vacation, use their time and money to visit with relatives and friends rather than resort destinations. This shift in vacation philosophy has largely contributed to the current timeshare crisis.

With so few buyers on the market due to low rental rates and a change in vacation culture due to the slumping economy, competition for the few buyers that do exist has become a veritable battleground. So, when listing your timeshare doesn’t work, when donating your timeshare doesn’t work, and when renting your timeshare doesn’t work, don’t despair. After all of your frustrations, you’ve arrived at the most trusted name in timeshare exit: Newton Group Transfers. We offer a 100% Satisfaction Guarantee that we will transfer the timeshare from your name, effectively eliminating all future maintenance fees and special assessments.

At Newton Group Transfers, we know that removing yourself and your family from your timeshare burden can be a stressful endeavor, so please contact us today at (877) 354-4321 or visit us online to get rid your timeshare obligation once and for all and transition into an entirely new financial lifestyle!