8/16/2010 10:46 AM (PST)

June,

This company has an excellent rating with the BBB, no complaints but a couple mixed reviews. Check out their report that I've linked above your question.

FYI-There are companies that will take title to your timeshare using all of the procedures required by the timeshare company. These companies require that you pay them to take the timeshare off your hands. It sounds counterintuitive but it does get you out from under the continuing obligations and the truth is, there are almost no buyers for timeshares.

8/17/2010 12:47 PM (PST)

I decided to do business with Direct Transfer and hope it is legit. It sounds good and I can't afford to keep paying the mortgage and maintenance fees. Guess we'll see in 60-90 days.

8/23/2010 12:54 PM (PST)

1) Answer: Direct Transfers is a fully licensed company with long term equipment leases, merchant contracts, good credit, a large in house legal department and over 70 independent contractors and full-time employees. In addition they work hand-in-hand with several of the largest licensed, bonded and insured title and timeshare title companies in the North America. Through our wide range of services and partnerships Direct Transfers have helped over 20,000 timeshare owners with more than 1,000 different resort location in more than 5 countries.

Direct Transfers has a long-term business model to help timeshare owners WITH and WITHOUT mortgages with unique and ground breaking services in the timeshare industry.

Please contact the company directly at our 800 number (list it) for any questions or support.

8/26/2010 11:05 AM (PST)

For the people in the timeshare industry, Direct Transfers is a new variation of a series of companies owned by the same people that have been shut down by the government in the past. http://abclocal.go.com/kgo/story?section=news/7_on_your_side&id=5475716 If you have paid them I highly recommend calling your Credit Card company or bank and disputing the charge before it is too late. Then find a reputable company to help you. They lied to the BBB about how long they have been in business to become accredited and it is currently being disputed. The California State website shows they have only been in business since July of this year and they are claiming 2001. http://kepler.sos.ca.gov Entity Name: DIRECT TRANSFERS, LLC Entity Number: 201020110065 Date Filed: 07/19/2010 Status: ACTIVE Jurisdiction: DELAWARE Entity Address: 530 E LOS ANGELES AVE #115-321 Entity City, State, Zip: MOOR PARK CA 93201 Agent for Service of Process: INCORP SERVICES INC. (C2294569)

9/9/2010 11:00 AM (PST)

Hey, Corporal - Do you have any idea on how to find a reputable company to help with the sell of a time share? I recently had interaction with a rep from Direct Transfer. He was pushy and obnoxious. I finally hung up on him and he called back twice!

9/9/2010 12:09 PM (PST)

Kathy,

Click on the New Scams section in the top menu bar here on TrustLink and see the article we have posted on "Selling Your Timeshare: Important Things To Know"

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:

http://myfloridalegal.com/pages.nsf/main/9161973ee14fdb1a85256cc900600947!OpenDocument

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.

1/13/2011 10:37 AM (PST)

I looked into corporal after reading what he said……he actually works for a competitor to Direct Transfers? HMMMMMM I kinda think we should take what he says with a grain of salt. I used Direct to help me with my timeshare and so far they have done everything they said would happen…I will let the community know when it is all done or if they fail to complete it, but so far so good!

1/26/2011 6:34 PM (PST)

I just got off the phone with Direct Transfers. They wanted to have me pay them $4,000.00 so they could get me out of a contract that I own free and clear. They, if I gave them the money, would then turn around and sell my time share for a profit. Now that is what I call a scam, a double dipping scam. My advice is not to sell your time share if it is owned free and clear. Just let if default on taxes and the state will take it off your hands for free.

3/16/2011 3:50 PM (PST)

Just received a flier from Direct Transfers. Glad I found this site and Bill's comment. I can't believe they actually wanted $4000.00

4/14/2011 6:36 PM (PST)

They are trying to scam me before I could even get out of the contract within the 3 business days that they give you by telling me they are open on Saturdays so that counts as a business day!!! SCUM!!! Nothing more to be said. I will be taking them to court if this is not resolved!!! DO YOU NEED ANOTHER REVIEW????

6/1/2012 11:26 AM (PST)

Dir4ect Transfers and Preferred Transfers are both dreadful companies with the worst possible Customer Service. If you want to get 'ripped off', hire them. Before entering to any contract with any of these kind of companies, ask your Resort if they are taking back properties. You won't get anything for (it's a worthless investment anyway) but you will not have to pay either. The Resorts will take them back because they will make money by selling the units onto the next victim. I hope this will help anyone who reads this to avoid making a horrible mistake. JK