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Charles Schwab Properties - Timeshare Advertisers
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5/12/2010 9:08 AM (PST)

Charles Schwab Properties, Inc. is trying to sell my timeshare for me. Have I got taken for a ride???? Or are they a legitimate source of help for aiding me in this process???

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5/12/2010 11:42 AM (PST)

The owner of this company is Charles Schwab the former owner of Timeshare Market Pro which is an f rated company. Timeshare Market Pro was Subpoenaed by the State of Florida Attorney's office in March 2010. The current company has no relations to Charles Schwab investments and is a complete scam. You can verify the information through Call your credit card company you have seven days from the day that you spoke with them also do not sign the contract. You should also send a letter of cancellation in writing via certified mail so that you have proof of when its been sent. Best wishes! Ps.You should file a complaint with the bbb 561-842-1918 and the state of Florida 1-800-help fla.

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5/12/2010 11:04 AM (PST)

This company is located in Boca Raton, Fl and has a C rating. They have no complaints in the last 36 months, and have been in business since 8/1/2009. Not much information is given for this company, but I have included a link to their full Reliability Report:

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5/12/2010 11:07 AM (PST)

Also, when you click on the "advertising timeshares" link above, Mari had made a great response about timeshares. For convenience I have posted Mari's reponse below:

Over the years, there have been a lot of companies that came to life with the promise of helping people sell their timeshares. Most of these companies are located in areas where there are a lot of timeshares, like Florida and California.

Typically, they make a lot of promises about their abilities and claim that there is an army of people dying to purchase timeshares, and all of this will be available to you if you pay them the requested fee.

Reality is completely different. The truth is that timeshares are next to impossible to sell. There's almost no secondary market for timeshares, especially given the current economy and all of the problems in the housing market. Furthermore, if there really was a strong secondary market, these companies wouldn't have to charge a fee, they could make more money charging commissions on sales. The bottom line is that you should not pay any upfront fees to sell your timeshare to somebody else. Check out the Florida AG's website also:!

There are legitimate title transfer companies that will actually purchase a timeshare, and the benefit to the timeshare owner is that when closed, it gets them out from under the continuing obligations for common area fees. But the whole industry is hot with scams and fraud.

Be aware of a sequence of slick sales tricks - here are some scenarios:

1) The timeshare company offers to list your timeshare and you pay them a marketing fee, but after a few months when it doesn't sell they try to upsell you into an upgraded marketing package of some sort for more exposure (and more money) with so called guaranteed results.

2) After a few months of it still not selling they then offer to do you a favor and take it off of your hands for free so that you don't have to pay the monthly maintenence fees. The monthly expenses are a cost burden to many people who become desperate to get out from under these. These companies know that and use it against you.

3) They try to convince you to turn over the timeshare and "take it off of your hands" for free - now they really start marketing your timeshare, which they now own, and they sell it at a profit. The point is that the only timeshares they are actually selling are the ones that they themselves own through their process of psychologically wearing down so many timeshare owners and convincing them to give up their timeshare properties.

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6/21/2010 7:41 PM (PST)

This company is a complete scam. The owner of this company Charles Schwab also owned Timeshare Market Pro which is an F rated company with the BBB. The State of Florida Attorney General filed suit against Timeshare Market Pro in March of 2010. These are facts that you can verify go to the State of Florida Division of Corporations) click on look up a business name type in both Charles Schwab Properties and Timeshare Market Pro one at a time, then click on their names you will see both companies owned by Mr.Charles Schwab. This company is not related to Charles Schwab Investments in anyway. Not to mention that the company isn't even a year old and over 80% of first time businesses fail. These are the facts. Protect yourself knowledge is power.

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