Getting rid of your timeshare

jayjay wrote:

You might be interested in reading this thread on Tug concerning hiding behind phantom charities and LLCs:

http://tugbbs.com/forums/showthread.php?t=159753

Why would I read about phantoms? We are a legitimate, legal, and authorized corporation and charity. Our name is Community Health Training, Inc. Check us out with both the Nevada Secretary of State and the IRS and you will find us in good standing.

The only one I see hiding behind a fake image is the cat named jayjay. Who are you? How do you go about making money on the many timeshares you buy and sell? Who are your clients? What are your costs? What is your profit? What legal company do you do business as? Where can we find out about your business entity and legal status? Why are you afraid to divulge your business dealings?

How about some truth and real answers from this shadow character only known as jayjay?

The cat is very wise. I want to know how much of the proceeds go to an actual charity if any. This sounds like a sham outfit to avoid paying taxes. If it looks like a scam and sounds like a scam...... it's a SCAM !!!!!!!!!!!!!!!!

donp196 wrote:

The cat is very wise. I want to know how much of the proceeds go to an actual charity if any. This sounds like a sham outfit to avoid paying taxes. If it looks like a scam and sounds like a scam...... it's a SCAM !!!!!!!!!!!!!!!!

It's nice that you give credence to someone who refuses to provide references or disregards those that are given. If you consider him wise and see him under attack, do him a favor and provide substantiation for your claims so others can have something to review instead of bogus and misguided opinions.

Since we are a charity, all of the proceeds go to charity. We use those funds to further the activities we established. You can review those on our website if you wish. Just do a Google search for Community Health Training, Inc. Since the IRS has granted us legal charity status for almost 10 years and continues to do so, talk to them about scams. Please, talk to them and tell us all what they say. We would all love to hear something beside inane and unqualified childish rantings and ravings.

drk14 wrote:

Why would I read about phantoms? We are a legitimate, legal, and authorized corporation and charity. Our name is Community Health Training, Inc. Check us out with both the Nevada Secretary of State and the IRS and you will find us in good standing.

The only one I see hiding behind a fake image is the cat named jayjay. Who are you? How do you go about making money on the many timeshares you buy and sell? Who are your clients? What are your costs? What is your profit? What legal company do you do business as? Where can we find out about your business entity and legal status? Why are you afraid to divulge your business dealings?

How about some truth and real answers from this shadow character only known as jayjay?

And you evidently have no reading comprehension skills .... I will spell it out for you one more time in case you missed it last time I posted :

I did not profit from selling any of my timeshares (except the last one and the giver was desperate to give it away due to rising maintenance fees) ..... I sold them for what I paid for them on the resale market, period. I actually lost a lot of money on the only developer one we bought and eventually sold.

I am not a dealer in timeshares .... only what I bought (for personal use) and later resold when we found, during a timeshare trip across the mountains, where we wanted to spend the rest of our life. After moving here, we had no use for timeshares any longer. We now take only short weekend trips or day trips.

This is what it says on your website that was just recently copyrighted in Sept 2011 (that would ring my bell as being just a brand new scam .... they pop up everyday) .... it seems to me your scam isn't working since you stay on here 24/7 trying to defend yourself of robbing people ($500) and resorts of maintenance fees:

We hold title in our name for 36 months before we offer it back to the resort. The resort send their bills to us, just like you. We don't pay them, just like you can. The resort sends us to collection and ruins our credit, just like you. We don't use credit so we don't care. Without selling it we get nothing in the deal. We accept a $500 cash donation from you to do this service. You're FREE. We get $500.

I don't know JayJay or his organization but I CAN tell youthat of the places I've looked into lately, his is the least expensive upfront cost. I do wonder tho, why they keep the timeshare for 3 years and then return it to the resort. Seems odd to me.

donp196 wrote:

The cat is very wise. I want to know how much of the proceeds go to an actual charity if any. This sounds like a sham outfit to avoid paying taxes. If it looks like a scam and sounds like a scam...... it's a SCAM !!!!!!!!!!!!!!!!

nancye31 wrote:

I don't know JayJay or his organization but I CAN tell youthat of the places I've looked into lately, his is the least expensive upfront cost. I do wonder tho, why they keep the timeshare for 3 years and then return it to the resort. Seems odd to me.

I assume you meant drk's organization .... jayjay doesn't have an organization, scam or otherwise.

The reason drk's organization holds the title for 36 months is they're merely waiting for the resort to foreclose .... it's an out and out scam and the scam operation doesn't care as is stated on their website.

jayjay wrote:

The reason drk's organization holds the title for 36 months is they're merely waiting for the resort to foreclose .... it's an out and out scam and the scam operation doesn't care as is stated on their website.

Here's another example of not bothering to read previous posts or reading our website.

The reason isn't to wait for the resort to foreclose. It's to comply with IRS regulations.

The IRS states clearly that any resale of a non-cash asset by the charity is used to determine the FMV of that assert for donation purposes. However, if the asset is NOT sold within 36 months the donor may claim any value up to either what they originally paid for it or the amount for which a certified appraisal is required. For timeshares that limit is $5,000.

If the charity sells the asset before the 36 months, the charity is require by the IRS to submit a Form 8282 plus a copy to the donor notifying the IRS that the donor may be required to submit an updated tax return and pay back any overage refund they received. If the amount of tax refund difference (not the donation credit taken) was $5,000 or more for that specific donation a penalty may be assessed.

To protect the donor from this concern we hold title for 36 months before we do anything with it. If the resort chooses to foreclose prior to that 36 months that is not considered a sale and does not trigger the Form 8282 requirement. When the 36 months is completed we offer it back to the resort if they want it.

Interestingly, only 1 resort has accepted it back. The reason was explained previously in this thread. It's due to accounting principles dealing with the value of non-performing assets. Please review earlier in this thread.

SCAM - here are 3 definitions found on the Internet within the first two Google listings. A fraudulent business scheme; a swindle - (www.thefreedictionary.com/scam) a fraudulent or deceptive act or operation - (www.merriam-webster.com/dictionary/scam a dishonest way to make money by deceiving people - (www.learnersdictionary.com/search/scam)

Nothing we do is dishonest. Everything is according to IRS regulations. We state clearly and honestly what and how we accept timeshare donations. There is nothing illegal in what we do. Therefore, why do some people continue to think they can use words indiscriminately and incorrectly? Who is perpetuating a scam or deceptive belief here?

I have this thread triggered to tell me when it changes so I can defend the truth. I will continue to present that truth in defense against dishonest, unfounded, and idiotic diatribes. Everything I present is backed up with direct references. Is it too much to ask opposing opinions to act as maturely in this discussion?

It's a SCAM plain and simple. Anyone who would give this outfit any upfront money is fore warned. They don't care that the other owners have to pay for the maintenance fees that they stick them with. What kind of " charity " would do that to other people ? Why would a " charity " require upfront fees ? I wouldn't give them one penny but I'm sure there are desperate people out there that are willing to risk their hard earned money. I was able to get rid of two timeshares without paying upfront fees and hurting other owners. I would demand to see references before I would lay out one cent. Please check with an attorney before giving this any money.

donp196 wrote:

It's a SCAM plain and simple. Anyone who would give this outfit any upfront money is fore warned. They don't care that the other owners have to pay for the maintenance fees that they stick them with. What kind of " charity " would do that to other people ? Why would a " charity " require upfront fees ?

We never get upfront fees paid to us. We've covered this several times before. Like jayjay here's another person who fails to bother reading what is posted. So, again, here's the truth.

We require a $500 fee when we receive the deed and the donor is finally free. We don't handle any of the paperwork. We require that the donor decide what closing escrow title company they want to use. As a common process any escrow title company will require ALL funds to be deposited with them in their escrow account to be paid out ONLY if and when their processing is completed or its refunded back to the payer. After the deed is recorded the title escrow company sends us the new deed and the check for our fee. Two escrow title companies we've worked with for several years are Trejesto Title Company and Resort Closings Inc. You can find them easily on the Internet. Since they are the ones handling everything check with them about the legality and references on us.

Thank you, donp196, for making such a asinine statement and giving us another opportunity to let those wanting and unable to sell their timeshares to find there is still hope.

drk14 wrote:

SCAM - here are 3 definitions found on the Internet within the first two Google listings. A fraudulent business scheme; a swindle - (www.thefreedictionary.com/scam) a fraudulent or deceptive act or operation - (www.merriam-webster.com/dictionary/scam a dishonest way to make money by deceiving people - (www.learnersdictionary.com/search/scam)

All of the above describe your scam operation .... shame on you = karma can be hell.

SCAM SCAM SCAM ..... anyone getting involved with this con deserves to lose their money. This has SCAM written all over it. They admit they they stick the other owners with unpaid maintenance fees and hide behind a " charity " status. Only a low life would do that to other people. DRK is a low life.

donp196 wrote:

SCAM SCAM SCAM ..... anyone getting involved with this con deserves to lose their money. This has SCAM written all over it. They admit they they stick the other owners with unpaid maintenance fees and hide behind a " charity " status. Only a low life would do that to other people. DRK is a low life.

traudem wrote:

donp196 wrote:

SCAM SCAM SCAM ..... anyone getting involved with this con deserves to lose their money. This has SCAM written all over it. They admit they they stick the other owners with unpaid maintenance fees and hide behind a " charity " status. Only a low life would do that to other people. DRK is a low life.

Thank you again, finally others are catching on to DRK14's SCAMS!!! Keep up the good work!

This says it in a nutshell from their own webpage:

We don't use credit so WE DON'T CARE .... WE GET $500.

Has anyone on here used DRk14's (Community Health Training) service?

I could care less about the tax deduction and won't use it anyway. But I'm in a similar boat as others. The maintenance fees have more than doubled since I bought the 2 weeks I have at Atlantic Beach, NC. I have not been able to sell or even give away either week. I don't use them and they are winter months so they're hard to rent. The resort management will not take them back, I have asked.

I'm fed up with it and there seems to be no legal recourse other than what DRK14 is proposing. So has anyone tried it?

Thanks

martinc84 wrote:

Has anyone on here used DRk14's (Community Health Training) service?

I could care less about the tax deduction and won't use it anyway. But I'm in a similar boat as others. The maintenance fees have more than doubled since I bought the 2 weeks I have at Atlantic Beach, NC. I have not been able to sell or even give away either week. I don't use them and they are winter months so they're hard to rent. The resort management will not take them back, I have asked.

I'm fed up with it and there seems to be no legal recourse other than what DRK14 is proposing. So has anyone tried it?

Thanks

I am in the same boat as you are. Have timeshares I will never use, can't rent, can't sell and the companies will definitely not take back the deed. What are we, the consumer, to do? We are faced with ever increasing Maintenance Fees and have no recourse. If we stop paying, then our credit rating is ruined and the Timeshare Companies will follow us to the grave and get their fees owing from our Estate. My personal opinion is that the Timeshare business and not simply Timeshare Resellers are nothing but scammers. The representatives of the original Timeshare Companies tell you one story..such as that if you wish to sell, the Company will take it back.This is an out and out lie, but how is one to prove it....it is your word against a representative who, in many instances, is no longer with the company. You are forced to sign on the dotted line and only after your signature is obtained are you given the papers and sufficient time to read and ask questions. By then it is too late...you are into a contract for life and even beyond. Any tax benefits are of no consequence to me because I live in Canada and thus have no interest. The only thing I want to do is get rid of the ever increasing Maintenence Fees and my name off the deeds. I am sure there must be thousands of us Timeshare Owners who are in similar situations and yet, there is nothing we can do? Or is there? I don't know...does anyone else. Please offer any advice and apparently giving to charity is out of the question, as has been noted in previous comments...I know here in my local area charities want nothing to do with timeshares. Thanks so much.

I believe it is possible to 'get rid' of your timeshares through a number of charities, the only thing you have to realize is that it will cost you money! Now when it comes down to it, the cost of 'getting rid' is a one off cost whereas your maintenance fees are forever. Think about it. It is really worth considering this. Whether you believe half of what you have read here it doesn't make any difference, the fact is, you need to make a decision and go ahead with it. Sooner or later you have to have a little faith.

I have stated here in this thread that I have done this by contacting Donate for a Cause and they have transferred my Sheraton Broadway timeshare. I no longer own this timeshare which is exactly what I wanted.....now as to the cost the company actually charged me about $900.00 along with me having to pay my maintenance fees and find a local solicitor (I live in England) which added up to another approx $500. Total about $1400.00. The escrow was handled by Resort Closing Inc in Montana. Believe me I was very nervous paying this fee up front, but had come to the conclusion (after months of trying all the other options, giving it away, selling etc which were unsuccesssful) that this was the only way forward.

Sometimes we have to do something that doesn't feel right at the time, but you either try it or continue to worry about the future. I have no regrets just a little less money!!

Good luck all of you who are in the same position.....

You can always place an ad in Redweek's Bargain Basement to GIVE it away for much less than $1400 .... in order to get interest I would suggest you pay for closing costs which is no where near $1400 .... you could also do a 'quit claim' deed for much less than closing cost.

The drk's of the world pride themselves on scamming people via an LLC supposed charity pocketing $500 each time AND if they don't transfer the title out of your name (which many do not) you will still own the timeshare and all future maintenance fees and financial obligations.