I've been contacted in the past by marketing companies in regards to selling and/or renting my RCI property and I was recently
contacted by Premium Timeshares Only with the same question, but they
offered what I thought was a different service. After the
representative went through his whole pitch about getting me a whole
bunch of money ($2200 to $2500 per week) for my RCI property by renting
it to corporations out of the Orange County Convention Center, the
representative asked me for a "documentation" fee of $895.
They said that they paid for the advertising and marketing
(which was what made me think that they were different) and that the
fee was for an estoppel letter as well as an "up to date" title search
(which supposedly are required by law) and a whole other bunch of other
BS services. Not only was this fee hefty, but they also wanted this UP
FRONT (of course). I thought it all sounded too good to be true, so I
did my research, and guess what?? I was right! It turns out that... 1.
you can get an estoppel letter yourself from the resort FOR FREE, 2.
you can get an up to date title search from the internet FOR FREE, 3. all the BS services they offer as "included" within the
fee ARE OFFERED BY EVERY TITLE COMPANY THAT HANDLE TIMESHARE RESALES,
so if you were to sell it yourself, you still get those services, and
they're usually about $100 bucks. Last but not least, 4. THERE IS NO
LAW STATING THAT DOCUMENTS HAVE TO BE SHOWN TO A CORPORATION OR
INDIVIDUAL IN ORDER TO RENT A TIMESHARE!!!! I'm glad I did not pay this
company for anything. If you have fallen victim of this company, please
contact the Better Business Bureau
and submit a complaint. I would encourage you to go as far as the State
Attorneys Office if necessary. If you have been contacted by this
company, and are thinking about giving up your money, DON'T DO IT! You
might as well throw your money in the garbage, it'll generate you the
It's time to put a stop to these SCAMS and to companies that think
that they can take our money and run with no consequences. As far as
me, my next complaint WILL be with the State Attorney and with the Department of Agriculture
, which I found out is the one that expedites the licenses for these type of businesses in the sate of Florida.