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Innovative Resorts International

financialguy

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Has anyone heard of this company, Innovative Resorts International, that purports to buy and sell timeshares and to get you the best possible price? I am especially interested in their integrity and if someone out there has had any good or bad experiences with them.
 
Upfront - sorry, no sale!

Has anyone heard of this company, Innovative Resorts International, that purports to buy and sell timeshares and to get you the best possible price? I am especially interested in their integrity and if someone out there has had any good or bad experiences with them.

Are they asking for money from you first (upfront)? If so avoid them no matter what else they say or what you find out. Upfront money is the one sure sign that what they want is the fees and not to actually buy or sell your timeshare. No exceptions.
 
Here are some warnings signs with these kinds of companies:

1) Do they say that they already have a renter/buyer for your timeshare? (or an established market like people attending conventions.)
2) Are they offering to rent/sell it for far more than the market value?
3) Do they want you to pay a large up front fee?
4) Are they asking for your credit card number before they send the contract?​

If you answer yes to any of these questions, then this is the usual scenario:

Once you pay the fee and receive the contract, you discover that the company has only promised to advertise your resort, not to rent/sell it, and they don't mention having a renter/buyer in the contract.

Then, you won't hear anything from them for a long time, and when you contact them, they will tell you that the renter/buyer backed out, but they will advertise your timeshare on their over-priced website.

Finally, when you try to get your money back, they will point out that you signed a contract, and it's only for advertising.

When you try to dispute it with your credit card company, they will tell you that you only had 60 days to dispute the charge, and that it's too late to do anything.​

The sad truth is that in this economy, most timeshares are selling for 0-10% of original retail, and there are many that you can't even give away. :(
 
Denise, thanks for your reply. Some of your comments could not have been more appropriate. Thankfully, I did not sign anything, although they did send me some papers to sign and return. Fortunately, I posted my thread on TUG and received some very good advice, yours included.

Thanks, again, Paul
 
innovative resorts

hi all.
i got off the phone with them a couple of hours ago. i think i asked too many questions. they actually gave up on me. they said they had a buyer who already put a deposit down, were going to fedex papers for me to sign and....here it comes.....they needed $2899 up front to do the title search blah blah but i would get it back at the closing. ha ha i told the guy there was no way i could get the money so i asked him...if you're so sure this sale is going to go thru, can YOU lend me the money ha ha ha! I also asked if there was any way i could get solid proof that a buy had actually offered me $24,000 :eek: for my timeshare (which i bought for 13.5). oh, the only way they can do that is some kind of video recording?????? finally the guy hung up on me hee hee heeeee!
they are all scams.
 
signing the contract

If you never sign the contract do they have to refund the money or is it still hard to get it back?
 
Say "goodbye", unless...

If you never sign the contract do they have to refund the money or is it still hard to get it back?

Many of these upfriont fee parasites don't have any written contracts at all in the first place, relying instead upon just getting your credit card info over the phone. Once they have their (your) money via credit card charge, it's likely that your one and only hope in ever getting it back is by disputing the charge with your credit card issuer. Generally, there is a 30-90 day time limit in which file any credit card charge dispute.
 
Last edited:
thanks

I just got the contract in the mail and saw only things about advertising not that there goin to get it sold so its only been 2 days so I'm gunna go ahead with a dispute....do u think I have a good chance to get the money back?
 
Should be early enough

I just got the contract in the mail and saw only things about advertising not that there goin to get it sold so its only been 2 days so I'm gunna go ahead with a dispute....do u think I have a good chance to get the money back?

If it's under 90 days (and preferably 60) and you have proof in writing that whay you signed up for - a SALE- is not what they now plan to deliver (only advertising). You should win that dispute & get your refund Be VERY thankful you found TUG in time & those visiting this thread will hopefully benefit as well.

Best wishes for success in beating these scam artists.
 
Did this scam company just start today or something? 3 new people signed up and starting posting on TUG today just from this companies practice. We usually get a new person asking a question about some company almost every day, but I have not seen 2 other brand new people jump on the thread about the same company right away like this.
 
scamafterscam

My take on this----if you gave a company your cc info over the phone, without signing a contract, you can kiss your $$$ goodby. The reason---when you file a "dispute" with your cc company, and they contact the "scam company", they will say that the $$$ was for advertising ONLY---that they do not sell timeshares.

Therefore, since they will, or are, advertising your timeshare, they have fulfilled their part of the "bargain". When "you" state that they said that they would sell your timeshare, their response will be "show us that in writing".

I, for one, don't see much hope in getting your $$$ back.

Tony
 
ReddogSD said: id this scam company just start today or something? 3 new people signed up and starting posting on TUG today just from this companies practice. We usually get a new person asking a question about some company almost every day, but I have not seen 2 other brand new people jump on the thread about the same company right away like this.

RedDogSD,

Could be coincidence; but I received a call from this company yesterday.

The young lady on the phone had a nice voice and she started her pitch smoothly. No doubt she was just trying to make a buck doing a job that most people prefer not to do; but she woke me up from a nice nap when she called.

She wanted to know if I was still interested in selling my timeshare, (she did not indicate which time share and she probably did not care. I haven't listed a timeshare for sale anywhere for well over a year.

Because I had been awakened unexpectedly, I quickly said I have no interest and hung up!

I have become accumstomed to receiving two or three calls like this a week.

These people, in my humble opinion, are searching the public records and pouncing on unsuspecting owners during hard economic times.

No doubt if they call enough legitimate owners they are going to find some who are in dire staits with a lost job or other economic problems. It is just a numbers game to them and they could care less.

They just want to suck money out of those who can least afford to give it up. It is a crying shame and the caller should be "called out" whenever possible.

Whether the subject company is a valid up front company or it is not, I should not have received a call from them. PERIOD!!!


To all who read this thread:

Anyone, getting an unsolicited call from a tele-markeing/post card company should Do Something About the intrusion. The caller should NOT be wasting your valuable time and intruding in your life for any reason. But, in the case of telemarketing calls from companies

Calls of this type are illegal if you are on the do not call list. Although the caller may try to deflect an objection to their call by telling you that they got your number from the public record. Such a statement by the caller does not excuse the intrusion in your life. If you are wide awake (I was not!), you can play with them for a while by asking pointed questions. Then BRING DOWN THE HAMMER! :crash:

1) Could you please say who is calling again?. (Then write the information down.) Get their name (preferably their full name) and the full name of the company with address and call back number. If you have caller I. D. make a note of the number on the I. D.

2) Once you are satisfied that you have never done business with the person calling, specifically tell them that you are on the DO NOT CALL LIST and that you intend to report them and their company.

The National Do Not Call Registry is managed by the Federal Trade Commission (FTC), the nation’s consumer protection agency. It is enforced by the FTC, the Federal Communications Commission (FCC), and state law enforcement officials.

Note: If you ask a company with which you have an existing business relationship to place your number on its own do-not-call list, it must honor your request. You should keep a record of the date you make the request.

3) Make it clear to the tele-marketer that you want your name taken off of their contact list and that you never want to hear from them again.

Some fundamental information from the FTC Web Site:

Filing a Do Not Call Complaint

If your number has been on the National Do Not Call Registry for at least 31 days and you receive a call from a telemarketer that you believe is covered by the National Do Not Call Registry, you can file a complaint at the registry’s website at www.donotcall.gov or by calling the registry’s toll-free number at 1-888-382-1222 (TTY: 1-866-290-4236). You may also file a complaint if you received a call that used a recorded message instead of a live person (whether or not your number was on the Registry).

You can file your complaint on the registry’s website, www.donotcall.gov, using the File a Complaint page.

You must provide the date that the company called you and the number that was called and respond to a question asking if the call was a prerecorded message. You may provide your name and address, but this information is not required for you to submit a complaint. You also may call the registry’s toll-free number 1-888-382-1222 (TTY: 1-866-290-4236).

The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. To file a complaint or get free information on consumer issues, visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. Watch a new video, How to File a Complaint, at ftc.gov/video to learn more. The FTC enters consumer complaints into the Consumer Sentinel Network, a secure online database and investigative tool used by hundreds of civil and criminal law enforcement agencies in the U.S. and abroad. Source: FTC.gov - Consumer Information
 
Quick action gets money back

Thanks to feedback and postings from this site, we quickly took action with IRI and were able to get credit card charges canceled within a few days. While my husband was on the phone with IRI, I googled them, read the reviews and realized this was a scam. Within 30 minutes he called the credit card company and $2,889 had already been charged to our account. :doh: I immediately wrote letters requesting charges be reversed and sent certified mail to both Jericho and Melville NY addresses. Also sent a fax to IRI-provided phone number (in Florida). And we closed that credit card account. I don't know which of these actions got results, but something worked. All this took place within 24 hours of initial contact from IRI and that's probably what saved us. We did receive their so-called contract by FedEx, but obviously won't be signing away money on this scam. Never provide ANY credit card information to IRI; they will use it to charge your account without your knowing it! Thanks for the warnings and keep up the good work. :D
 
Moved from FL to NY

This site had the notice on incorporation of IRI listing that they are also a FL company.

http://www.corporationwiki.com/New-York/Melville/innovative-resorts-international-inc/35941264.aspx

They called me and said they had a buyer who had put a $2T deposit. When everything was set Mr. Michael Brooks, personal # 631-639-1974, hit enter and a notice came up from the bank stating that they wanted a "Title Transfer Insurance" which would cost $1999, and would of course be refunded once the title transfer was complete. Of course, they would only do a credit card. The title transfer insurance that would normally already be attached to a file expires 5 years after ownership transfer. They needed to do this because some people would say, "to hell with it" after they received payment and wouldn't complete the title transfer.

I asked for documentation stating what the $ was for as well as a copy of the contract (even if it was blank). The blank document I received was a contract for marketing, not purchase and not a dang thing stated anything about a "Title Transfer insurance".

According to their own website at www.innovativeresorts.com that was provided by Mr. Michael Brooks their refund policy states that the only refunds allowed were done within 48 hours of the charge with a certified letter or in the case of the property selling after the 120 day mark. Plus, "Choice of Law Jurisdiction
This contract sets forth the entire agreement between Property Owner and IRI with respect to the Property and supersedes any and all prior written or oral agreements. The terms of this Contract may not be modified. The parties agree that this agreement will be governed by Florida Law, without regard to its conflict-of-law principals, and applicable federal law. The parties therefore consent to the exclusive jurisdiction and venue for any action relating to the subject matter of this agreement in Florida Superior Court in West Palm Beach County. "

Ironically, Mr. Brooks stated himself that all of the companies out of Florida were fraudulent and have been shut down or are under investigation. He shot himself figuratively in the foot!
 
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