Keep unit, eliminate maintenance fees?

Following is a (slightly redacted, otherwise verbatim) copy of a letter I just received by US mail. It's a different kind of scam, although I can't figure out exactly what the deal is. If you type
into Google, you get a bunch of different firms (whose websites all look alike) each warning you that this is a scam but they can offer you a safe deal.

PROPERTY OWNERS SERVICES
1050 Connecticut Ave., NW, 10th Floor
Washington, DC., 20036

Laurence Marks
4901 N Hills Dr
Raleigh NC 27612-4005



April 2014

ATTN: Laurence Marks

Our records indicate that you have not responded to our previous attempts to notify you of your eligibility. It is important that you contact us toll free 1-888-983-6710 before April 23, 2014.

You may now be eligible for permanent maintenance fee elimination. A special program has been expanded that may allow you to travel to your resort without the obligation of maintenance fees.

Your timeshare ownership makes you a candidate for this program. For details of your eligibility contact us immediately at 1-888-983-6710.

Eliminate Fees

Hi

I just received this scam today. Threw it away!


Cyn

You pay them a lot to join their "vacation club". You don't pay mf's. You pay a high reservation fee whenever you book - possibly to stay in your old home resort in addition to an annual fee for the membership.

Very similar to the letter in this thread. Stay away.

http://www.tugbbs.com/forums/showthread.php?t=203810

Try the olde KISS approach here. HOA fee has to be paid or the resort shuts down.

BOD sets MF and allocated over units based on governing documents. If large owners got discounts Ron would be in hogger's heaven.


Say you pay $5K to join club. They put $4,500 in their pocket.

Say you pay $200 membership fee and $300 reservation fee and they take $200 from joining fee and cover MFs which are around $700.

After a couple years they disappear. Hopefully they legally took title, if they simply charged billing mailing address then you are on hook.

If they legally put deed in LLC and set the Viking ship sailing and on fire you are just out the $5K!

Lose, lose, lose