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Question DetailsAsked on 12/16/2016

Is the Newton Group Time Share Exit Legitimate

We have been contacted by them to exit our Time Share. Has anyone had experience with them

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Can't say specifically about them - their web appearance looks legit, but that can also be true with a very careful, proficient con artist.


Here is one previous AL question with answer about them -http://answers.angieslist.com/How-I-r...

First - when a vendor cold-calls you, rather than you having contacted them first, bear in mind the likelihood of them being scammers goes up substantially - this maybe seem like an unfair supposition for legit companies the are aggressive marketers, but that is the way things are.


Below are a couple of links that might be of interest to you - one informative one from the US gov regarding timeshare buyout companies that are shysters or scammers (Newton Group is NOT one of those mentioned as such), and one from Newton Group itself warning about scammers using their name but who are not in any way affiliated with them. That warning makes them look more legit than most - but the highest-grade scammers are the ones with legit-looking websites and disclosures and warnings about that that make them look legit even if they are not. You can also find lots more on the web from realtor groups and state attorney generals and such with warnings about the many pitfalls with timeshares.


https://www.consumer.ftc.gov/blog/tim...


https://www.newtongrouptransfers.com/...


You can also check out BBB for their rating (for what that is worth - not much in my opinion when they "sell" higher ratings) and more usefully view detailed complaints about the firm (if any) - and also google for complaints about the company on ripoff report sites and such. Also check federal and applicable state consumer protection websites regarding how many complaints they have registered about the company.


Personally I would never get into a timeshare situation in the first place - but if you already are, I would definitely have an attorney dealing with any buyout firm - both for the legal advice he/she can give, but also most scammers would be very gunshy about trying to pursue a scam when an attorney is involved - so the attorney becomes sort of a "firewall" in that respe3ct. He/she may also have legal community resources, as well as the easy ability to check with a local attorney in the area where the timeshare is or where the buyout company is located, to check on their bona fides with a local expert.


SOOO many people not only lose their shirt on the timeshare, but get taken for tens of thousands more in "fees" and such by "buyout firms" that are not honest or are sometimes downright scams. The most effective scammers not only take their victims for a lot of $ in "fees" and such, but also they lose their timeshare ownership rights AND can end up with big charges from the condo association or such in the process. Perhaps the worst cases are ones where you sign over your ownership rights to them as agent or under a power of attorney - they then go and sell your timeshare to someone else without your permission and pocket the money rather than sending it to you, leaving you with a major legal battle, clouded title, and commonly major fees from the condo or whatever management firm and their attorney. Or they legitimately sell your timeshare to someone else using your power of attorney - but at so low a price you have to pay substnatial amounts out of pocket to cover any liens or loans, management fees, transfers fees, etc - not to mention their commission,, which may be unreasonably high. With timeshares especially (which in many cases are basically a scam in the first place), Buyer (and in this case Seller) BEWARE.

Answered 1 year ago by LCD




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