ED Magedson – Founder
GMAC Timesharewww.tdgmacrealestate.com Orlando, Florida United States of America
In April 2008, I received numerous phone calls from GMAC Timeshare Division telemarketers. At first, I was interested in the program and then I learned the company charges the owners a fee of $799. This fee covers the cost for GMAC to market a timeshare week for rental income. My main objection to the program was because of the $799 fee.
One day another GMAC marketer, Talitha Kincaid contacted me and explained the plan she had to market my timeshare. She also explained that there was a shortage of rental properties in Hawaii (Iron Man Competition) and other events in Florida, to make it seem that there would be no problem in renting the week and getting back more than enough to cover the $799 that was charged to my AMEX card. Talitha called me once and left a message about a possible offer, I have not heard from her since.
I have spoken to a manager and told they were working on it. Now, five months later the timeshare week has not been rented, summer is coming to an end and obviously I am still out the $799 I put on my credit card.
If GMAC Timeshares or Talitha Kincaid calls to market this programdo not bother unless you do not need the income. Buyers beware. GMAC seemed to be a reputable company but these telemarketers will say anything to get your money. Hang up on them and do not waste your time.
This report was posted on Ripoff Report on 08/29/2009 02:41 PM and is a permanent record located here: http://www.ripoffreport.com/reports/gmac-timeshare/orlando-florida-32819/resortsgmac-timesharegmac-timeshare-timeshare-divi-e664ehtm-487116. 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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