Mission Statement:
Provide legal solutions to timeshare owners
in dealing with the difficulties of continued ownership.
IRS 501(c)(3) non-profit corporation


FAQs
We are not attorneys and are expressing our experienced opinions within these answers.
If you are concerned, please contact an attorney for clarification.

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First, we do NOT resell mortgages, real estate, or timeshares we receive. The IRS wants us to hold it for 36 months to protect your ability to take an income deduction. Taking title to them creates a financial burden on us, just like you. For that reason we ask for a cash donation when the process is completed based on the service we provide you with.

MORTGAGE ONLY
For the $1,000 cash donation you receive:
a. All required paperwork
b. Escrow protection until the transfer is completed
c. Copies of certified documents releaseing you from ownership
d. IRS form 8283 which gives you a $5,000 income deduction for the mortgage

Real Estate or Timeshare ONLY
For the $1,400 cash donation you receive:
a. All required paperwork
b. Escrow protection until the transfer is completed
c. Copies of certified documents releaseing you from ownership
d. IRS form 8283 which gives you a $5,000 income deduction for the timeshare

The simple fact is that what it costs you minus what you can legally receive back as a tax benefit is the bottom line. Everybody personalizes their tax return so these examples are only guidelines. For computation herein the total donation credit is $5,000. It's your choice how much of that you wish to use. Please check with your tax specialist for more precise figures.

Donation Credit
taxable income is less than or equal to Tax Bracket $5,000

$1,000
Mortgage Fee

Cash Effect after Donation   $1,400
Timeshare
Fee
Cash Effect after Donation
9,525
10%
500
1000
-$500 cost
1400
-$900 cost
38,700
12%
600
1000
-$400 cost
1400
-$800 cost
82,500
22%
1,100
1000
+$100 gain
1400
-$300 cost
157,500
24%
1,200
1000
+$200 gain
1400
-$200 cost

Make sure you consider the future value of your release in saved property taxes, maintenance fees, liabilities, and headaches.

In addition, you can always get an IRS Qualified Appraisal (certified by the IRS) for more than the $5,000 maximum donation credit you can take without the appraisal. Such appraisals legally ignore the $1 stressed sale prices many people think they have to use. The IRS does NOT consider them comparable sales. For the IRS Qualified Appraiser fee of $600 (general estimate) the donation credit is usually in the range of 60% to 75% of what the current face or purchase sale prices are.

When comparing services, please make sure you know what other services actual cost to you is before making your decision. We've found most similar services charge from $3,500 to over $7,000 to set you free.

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