Timeshare Termination Team: A Cautionary Tale

commentaires · 46 Vues

Bluegreen’s complaint also alleged that TTT and its affiliates were inducing owners to divert payments from Bluegreen, causing legal damage (e.g., lost money) to both Bluegreen and the owners.

Most timeshare owners know the downsides of their units. Endless maintenance fees, inconvenient vacation plans, and even extra mortgages can be part of the timeshare experience. Lots of companies that understand this phenomenon have appeared and advertised themselves as timeshare cancellation or exit companies freeing owners from their timeshare contracts.

 

Not all exit companies, however, are created equal. On one end of the spectrum are companies like Centerstone Group, which has accreditation by the Better Business Bureau (BBB) ​​and an excellent rating on the BBB website, along with many positive customer reviews.

 

Then, there are less reputable companies. These companies, like the F-rated and legally troubled Timeshare Exit Team, take money from desperate timeshare owners without providing the necessary services and support. Sometimes they even leave owners in worse legal trouble than they had before the so-called “exit strategy.”

 

Another troubled company that recently and suddenly shut its doors is Timeshare Termination Team. In June of 2021, the Denver-area company shocked its customers, and even its own employees, when it ceased doing business and stopped communicating with the customers that had signed expensive contracts and paid them to help with their timeshare exits.

 

Stories like Timeshare Termination Team’s can be hard to hear. But they underscore the need for timeshare owners to do their homework and make sure that any exit company they hire is qualified to do the work. They also need assurances that a timeshare company won’t leave them high and dry.

 

This article will take a closer look at the Timeshare Termination Team fiasco as well as some potential red flags that might have alerted owners to the problem before the company failed. We’ll also examine better practices for Timeshare cancelation exit companies so that you can have the best possible information when you are making your own decision about which company to hire.

 

What Happened With Timeshare Termination Team?
Timeshare Termination Team: stressed woman reading documents
Timeshare Termination Team (“TTT”) was set up in Greenwood Village, Colorado, in 2011. It was owned and managed by a husband and wife team, Brian Wilbur and Holly Wilbur. For a time, it appears that Timeshare Termination Team operated as a legitimate business in Colorado, and the BBB reviews from 2019 (the earliest available) are more positive than negative.

 

According to the BBB reviews, TTT advertised a “money-back guarantee” if they did not get their customers the promised timeshare exit. As of the time this article was written, however, TTT’s website (https://timeshareterminationteam.com/) does not allow public access.

 

There were problems brewing for TTT, though, that were also a matter of public record. In early 2021, TTT and its affiliated marketing entity, Vindaloo Travel Network LLC, were sued by a large developer in federal court in Miami, Florida.

 

That developer, Bluegreen Vacations, alleged in its lawsuit that TTT and Vindaloo were falsely advertising the ability to break Bluegreen unit owners’ contracts. Bluegreen’s complaint also alleged that TTT and its affiliates were inducing owners to divert payments from Bluegreen, causing legal damage (e.g., lost money) to both Bluegreen and the owners.

 

In June of 2021, TTT had lost multiple legal motions before the Miami federal court. Shortly thereafter, TTT shut down its business and closed its office in Colorado. When it did, it left scores of its clients - many of whom had paid TTT thousands of dollars - in the cold with no way of getting a refund or their promised timeshare exit.