643 inquiries | Time Shares
(562) 592-3890
http://www.timeshareequity.com
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This business is not a member of Business Consumer Alliance. This fact does not disparage the company in any way.
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BCA's Summary and Analysis:
Customers claim that after the company receives payment to sell their timeshare, services are not performed and attempts to contact the company have been unsuccessful.The company responds to one complaint by stating the customer will receive an advertisement for one year’s rental instead of a refund. The customer requested a refund instead.
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Company Info
This company's business is renting, and selling timeshares.
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Licensing
As of our last verification on May 2, 2007, this company does not hold a license with the Department of Real Estate. For the most up-to-date information regarding licensing, consumers may contact the Department of Real Estate by writing to 320 West 4th Street, Suite 350, Los Angeles, Ca. 90013-1105, by calling (213) 620-2072 or search for one of the other district offices by visiting http://www.dre.ca.gov.
BCA has no information regarding government actions at this time.
Our past experience with similar offers has been that re-sellers contact timeshare owners by phone, mail or the Internet asking them to call a phone number about their timeshare. The salesperson may claim that the market is "hot" for resales, when in fact the market varies considerably depending on location and the prime season for that particular unit. For an advance fee of about $300 to $700, some salespeople promise to sell your timeshare for a price equal to or greater than your purchase price. They may claim to have a list of sales agents and potential buyers. While the seller may possess these lists, it is unlikely the parties are interested buyers. To further entice you, they may promise a money-back guarantee or a government bond if they can not sell your timeshare within a certain amount of time.In the end some owners have found that their timeshare did not sell, their fee was not returned and they were given a bond worth as little as $60 to $70. If you are considering reselling your timeshare and are approached by a company offering to help, do not agree to anything over the telephone until you have had a chance to check out the company. Ask the person to send you written materials, and references, including address and phone number. Take time to contact them. Ask where the company is located and in what states it does business. Find out if the company's salespeople are licensed to sell real estate where your timeshare is located. If so, verify this with the state licensing board. Ask about commissions, who does the closings and, who provides escrow services. If they charge an upfront front listing or advertising fee, find out what it covers and if it is refundable. Read and understand the company's refund and cancellation policy.
We know of no other matter or practice relating to this company that may assist you in your consideration of this company.
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