I have been alerted after reading on various timeshare forums of a potentially hazardous company known as Timeshare Rescue. Timeshare Rescue is one of several timeshare collection organizations, sometimes referred to as title transfer companies. These title transfer companies often appear out of nowhere, offering owners an exit strategy from their unwanted time share for a fee. These are often the only viable option for individuals who have been scammed out of their money in exchange for unusable and unmanageable timeshares that are worthless on the resale market. Unfortunately, the title transfer company landscape is just filled with corruption in a way similar to the actual timeshare industry, including timeshare resale.

A quick glance at their Better Business Bureau profile doesn’t reveal anything too incriminating, although their profile is not very detailed. Still, this is relatively normal for new companies, and the Timeshare Rescue file was made in September, 2007 according to the BBB. The company itself, as listed on the California State Secretary website, opened shop on June 26th, 2007. This would not be so odd by itself were it not for the fact that curious consumers calling the company and attending presentations have been told that Timeshare Rescue has been in business for 2 years and has transferred the titles of over 1,000 timeshares. This figure is impossible since, as the profile says, the company was formed in 2007.

Additionally, a closer look at the BBB profile shows that Timeshare Rescue is not a member which is typically a red flag for companies, especially those involved with timesharing. Furthermore, the BBB classifies Timeshare Rescue as a timeshare company, specifically classified as “Timeshare Campground/Resort Companies”. It would seem that Timeshare Rescue would be concerned about its image and strive to clarify this, since most title transfer companies abhor the notion of being categorized with the rest of the timeshare market. In short, the BBB profile fails to offer the consumer any grounds for trust whatsoever, which is paramount in an industry teeming with out-and-out scandals.

A recent up date regarding Timeshare Rescue in early 2008 shows that the company became a BBB Accredited Business on 3/28/08, however, they still do not have an official rating. I would advise you to still excerise caution if you are considering signing a contract with Timeshare Rescue.

Please feel free to post comments if you have had any experiences with Timeshare Rescue.

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