• Report: #713806

Complaint Review: Timeshare Investors of America

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  • Submitted: Mon, April 04, 2011
  • Updated: Mon, April 04, 2011

  • Reported By: Vipse72 — Greer South Carolina United States of America
Timeshare Investors of America
20333 State Hwy 249 Ste 300 Houston, Texas United States of America

Timeshare Investors of America My gut led me to do some due diligence-and I'm glad I did. Houston, Texas

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I have had a two-part conversation with Timeshare Investors of America.  There offer sounded quite good (too good to be true) and seemed like a wonderful solution to ending my timeshare ownership.  

The final representative I spoke with was Leon Aved and he gave the title Director of Acquisitions.  He made a big deal of letting me know he was recording the information we were discussing.  I agreed to their offer, even giving them the info they requested including bank information so they could draft their "deposit" to begin the process. 

Having encountered a similar situation a few years ago that was a definite scam, I decided to perform a little due diligence on the company via the web (including the BBB who gave them an F) and found a lot of inconsistencies, not to mention reports of the company being a scam and/or ripoff.  I processed a stop payment with my bank based on this info and decided to call the company to see how they would take my decision to do so. 

I called the main number (832-377-3311) and asked for Mr. Aved but he was unavailable and the receptionist asked if he could return my call.  He did within 10 minutes.  I explained my concern and my findings and his explanation was that what I found on the web was a result of unhappy customers.  When I informed Mr. Aved of my decision to cancel payment he became agitated and told me there would be a $350 penalty for doing so.   I ended the call with a polite thank you and goodbye.  

I honestly can't say whether these guys are scam artists or not.   I have been able to find no convincing third party to verify their legitimacy, but plenty that point to a scam.  However, no crime has taken place at this point, at least not for me.  Just the same, I will be closing my bank account tomorrow.

This report was posted on Ripoff Report on 04/04/2011 05:10 PM and is a permanent record located here: http://www.ripoffreport.com/r/Timeshare-Investors-of-America/Houston-Texas-77070/Timeshare-Investors-of-America-My-gut-led-me-to-do-some-due-diligence-and-Im-glad-I-did-713806. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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