Archive for timeshare donation scams

How to Find a Legitimate Timeshare Donation Charity

Legitimate timeshare donation charityLooking for a legitimate timeshare donation charity? It is of utmost importance that you thoroughly investigate each and every one of the timeshare donation companies you may be considering.

The unfortunate cold, hard truth is that a surprising percentage of the timeshare donation companies out there are simply timeshare donation smoke and mirrors…where they will take your money as a “transfer fee,” and then avoid your calls, fail to answer your emails and hope that you just go away.

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Timeshare Donation Articles

Timeshare DonationTimeshare donation information can be contradictory and confusing. There are many articles praising timeshare donation to charity as a worthy and financially beneficial means of getting rid of your timeshare. There are also many news stories about timeshare donation scams that have taken people for thousands of dollars and gotten them in a lot of trouble with the Internal Revenue Service.

False or shady advice skewed in favor of timeshare donation companies has been spread among the masses of desperate timeshare owners who want to legally get out of a timeshare, hopefully in a profitable way. At the same time, there are those timeshare owners who do not use their timeshares anymore and would simply like to donate a timeshare to someone who could enjoy it and perhaps help those less fortunate at the same time.

Unfortunately, the already troubled and unscrupulous timeshare industry has become a ripe for scammers and fraudsters who operate under the guise of helping timeshare owners donate to a cause.

The following timeshare donation articles have been researched and written with you, the timeshare owner, in mind. We are committed to helping you find a safe, reliable and transparent way to get out from under your timeshare financial crisis without getting further taken advantage of by companies that prey on your emotions and good-heartedness.

Please check back often, as we will be constantly adding updated information to educate those who wish to donate timeshare to charity. So, be sure to do your due diligence and become informed before you commit to timeshare donation.

    Are You a Target for Timeshare Scams?

    Timeshare Scams: Do You Have a Bullseye on Your Back?

    Timeshare Scam TargetThe perils of timeshare ownership are growing daily. It seems that just by owning a timeshare, you are a target for timeshare scam artists…the likes of which multiply exponentially with each passing day. There are several reasons for this.

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    Timeshare Donation Tax Deduction - Friend or Foe?

    Why would charity want timeshare donation?

    Why would charity want timeshare donation? There are better ways to help the world than to try to cheat on your taxes!

    Timeshare donation is a complex and often devious way to try to get rid of a timeshare. A timeshare donation tax deduction can lead you down a path to becoming the target of an IRS audit and/or significant fine.

    Timeshare donation scams can be avoided by doing your due diligence and scouring the internet for timeshare donation reviews. One of the most common timeshare donation scams involves timeshare donations to veterans. Several timeshare donation companies have gotten in trouble with the law by claiming they process or facilitate timeshare donations to charity.

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    How to Find a Legitimate Timeshare Donation Charity

    Legitimate timeshare donation charityLooking for a legitimate timeshare donation charity? It is of utmost importance that you thoroughly investigate each and every one of the timeshare donation companies you may be considering.

    The unfortunate cold, hard truth is that a surprising percentage of the timeshare donation companies out there are simply timeshare donation smoke and mirrors…where they will take your money as a “transfer fee,” and then avoid your calls, fail to answer your emails and hope that you just go away.

    Click here for the full post

    Timeshare Donation Truth

    timeshare donation truthTimeshare donation is a hot topic in the world of timeshare ownership. With the promise to donate your timeshare to charity, you may be contacted by a “timeshare donation company” assuring you that timeshare donation is a win-win solution to the problem of how to get rid of a timeshare. The success rate of these timeshare donation attempts varies hugely from timeshare to timeshare and is established almost exclusively by the market worth of the property in question. Sadly, many timeshare owners are led to believe that their timeshares are worth far more than what they really are.

    The timeshare resale market is nearly completely flat, as timeshare resorts and developers have inundated the market with fresh inventory that they need to move. If your timeshare resort company promises they will help you resell or rent out your timeshare, they are simply telling you what they think you want to hear. You may be told this at the time they are pitching you to buy a timeshare, or when you call the company looking for a way out of your timeshare obligations.

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    Another Vacation Ownership Group Scam Artist Convicted

    vacation ownership group scamYet another Vacation Ownership Group scam co-conspirator has been sentenced in N.J. Federal Court. Previous employee of The Vacation Ownership Group LLC, Eric Reilly, 34, of Galloway, was sentenced July 21, 2014 to 36 months in prison and ordered to pay more than $3 million in restitution for conspiracy to rip off timeshares owners throughout the United States, as U.S. Attorney Paul J. Fishman announced.

    Reilly had recently entered a plea of guilty to one count of conspiring to commit mail and wire fraud. The guilty plea was entered to U.S. District Judge Noel L. Hillman. Judge Hillman subsequently imposed Reilly’s sentence in Federal court in Camden, NJ.

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    Tax Issues in Donating a Timeshare to Charity

    Donating a TimeshareDonating a timeshare to charity usually seems like an enticing way to get rid of a timeshare due to the possibility to get a tax deduction following timeshare donation.

    Timeshares are vacation villas or condos that several people share the ownership and usage of. When you buy a timeshare in the United States you will usually have legal deed to the timeshare property. The title to the property will usually include your name, as well as the names of the other timeshare owners, on the deed.

    You are allowed to legally get out of your timeshare contract whenever you choose, as would certainly hold true with other types of real estate holdings, by selling or giving away your timeshare interest. Regrettably, there is a nearly non-existent demand for re-sale timeshares. When and if timeshares are actually sold, it is almost always at a huge loss as the bottom has completely dropped out of the market and there is a glut of available timeshare properties. It's usually not possible for timeshare owners to succeed in selling their timeshare interests for any amount of money.

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    Can You Be Timeshare Free Through Donation Services?

    How to be timeshare freeMost people who research timeshare donation services are hoping to be timeshare free without paying any additional funds. In most cases, their timeshares have already cost them far more money than they anticipated when they attended the initial presentation that convinced them to buy in the first place.

    Unfortunately, the way that some timeshare donation companies portray their timeshare exit process misleads timeshare donors into thinking they will actually recoup their initial purchase price and even the "fee" necessary to donate timeshare to charity. In order to be timeshare free through timeshare donation, donors are almost always required to pay a fee of up to a few thousand dollars to facilitate the process of donating a timeshare.

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    American Vacation Services Scam

    American Vacation Services ScamSince back around the economic crash of 2008, American vacation services have popped up all over the country scamming financially strapped timeshare owners.

    These types of scams seek to capitalize on the overwhelming need for ways to cancel timeshare contracts through timeshare donation, timeshare resale schemes and timeshare rental listing fraud.

    It's not uncommon for timeshare owners to end up on call lists that are bought and sold on the black market. These call lists give American vacation services a perfectly crafted demographic to which they market their shady deals.

    While the FTC has spend the past year stepping up its efforts to crack down on these fraudsters, there are always new and creative fraudulent business services taking aim at those who are eager to find a way to get out of a timeshare contract.

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    Veterans Assistance Timeshare Donation

    Florida Veterans AssistanceAre the many Florida veterans assistance timeshare donation option a viable way for getting rid of your timeshare? This question has raised some important questions regarding the validity of donating your timeshare to charity.

    Timeshare donation to benefit the brave men and women who have fought to protect our beloved country indeed seems like a noble endeavor. However, recent information has come to light making this seem to be a fairly dubious undertaking.

    For instance, if we take a closer look at some of these Florida veterans assistance timeshare donation companies it appears as if the Better Business Bureau itself has taken issue with the fact that few measure up to BBB standards.

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    Timeshare Donation Companies Downplay Hidden Costs of Timeshare Donation

    Timeshare timeshare donation companiesdonation companies sell their services as being only beneficial to you and to society at large. The emotional hook of "help the world while you help yourself" is very powerful, but is this the reality of the timeshare donation industry?

    Timeshare owners regularly find that the resale value of their "own little corner of paradise" is just a sliver of what they originally paid; listing timeshares on Craigslist or eBay is a futile attempt to recover losses, and paying shady resellers a hefty commission rarely (if ever) results in a sale of any substance.

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Veterans Timeshare Donation Scam

veterans donation timeshare scam

The Veterans Timeshare Donation Scam is one of the most deplorable of all timeshare donation scams. Pretending to “benefit” America’s wounded and often financially struggling troops by taking your timeshare off your hands for a large fee is lower than low.

The are several different levels of fraud going on in this shell game of timeshare donation scams. Frequently, the promoters of this “business model” obtain telephone numbers of timeshare owners and cold call them. The calls will include questions of if and how much they enjoy their timeshares and if they would be interested in donating said timeshare to a charity benefitting America’s Veterans. Many good-hearted timeshare owners (who may or may not already be seeking a way get out of  timeshare contracts) will be more than happy to turn their timeshares over to help a soldier.  Read More→