Timeshare Exit Team on the radio, even on Glenn Beck. I wrote a letter again today:

[LannyPC]

"Exit" companies exist because they fill a need that developers, resort owners and hospitality companies fail to recognize i.e. the need for a robust market-driven resales market that follows the same rules as other real estate transactions.

I know this has been discussed many times ad nauseum here on TUG. Since you only joined TUG a few months ago, maybe you're not aware of the (rather spirited) discussions that we have had. It is my personal opinion (and some TUGgers will probably disagree with me) that these "exit" companies exist because developers keep building when there is not enough demand to meet the supply. Then they go selling with their high-pressure hard sales tactics selling to people who don't realize what they are buying.

After the owners realize what lemons they bought, they want/need to get rid of them. They might try to contact the resort for help but the response is usually along the lines of "You signed on the dotted line, you take care of it. There's nothing we can do to help you." So due to this, the owners go looking for some sort of "exit" company to help them get rid of the product with the accompanying annual maintenance fees. That's why these "exit" companies exist.

Here is where things get kind of sticky. Many will argue that if the resorts would just take back weeks or intervals (no questions asked), there would be no need for these exit/relief/rescue companies, PCCs, charities, viking ships, or law firms. Others would argue that if resorts or developers took back every week or interval that was requested, it would cause an overload and perhaps harm the financial well-being of the resort(s) in question.

Anyway, draw your own conclusions as to why these "exit" companies exist.

 

[TUGBrian]

if you have to lie, scare, mislead, intimidate, etc to convince someone to purchase your product or services...you arent filling a need....you are preying on the innocent and otherwise uninformed.

this goes for both new developer sales, and upfront fee resale/cancel/whatever companies.

there is no grey area here.

 

[taffy19]

I wonder if Glenn Beck will pull this ad once he reads this news or Cindy will forward it to him?

 

[Jo Alcaraz]

I actually attended a meeting with the Exit Team months ago and the welk owner is frustrated and already regret their buy. They actually tell you that they cannot advise you to stop paying your fees. The reality is that people that go to the Exit team feel bamboozled by Welk!

 

[rickandcindy23]

Jo, your post didn't make sense. So you own Welk and went to a Exit Team meeting months ago?

You got sucked into a purchase, unfortunately, and you need to contact Welk resorts and ask how to get out of it.