The Deed Transfer Company – DTC is one the latest names of companies we have added to our list of dubious companies with strange promises to timeshare consumers.
This company we know is dealing mainly with those consumers who have been duped by resale companies such as United Online (http://wp.me/p1kmoi-dl) , and the passed to TS Marketing services (http://wp.me/p1kmoi-fy) who comes up with a corporate buyer for the timeshare.
This corporate buyer is based in Spain, so the consumer has to travel to Spain to sort it all out, but not to worry if the “sale” goes through the consumer will get the travel costs reimbursed.
One of the destinations to meet this corporate buyer is Benidorm. Consumers are booked into a hotel and kindly picked up from both airport and then hotel to attend the meeting with the corporate buyer who is buying timeshare in bulk for their company.
Once at the meeting it turns out to be a company calling themselves The Deed Transfer Company or DTC who comes up with a scheme on how to get out of timeshare!
The Deed Transfer Company has a website www.deedtransfercompany.com which was registered on the 16th of December 2011 supplies hardly any information about the company and neither is there a proper identification of who is behind this company.
One always wonders when they are so recent, how can state they are successful and have done hundreds or thousands of transfers already?
The company is based as per the web in C/ La Milagrosa 29 D, La Oliva, Las Palmas, Islas Canarias, España 35660. So if they are in the Canary Islands, why Travel to Benidorm?
On their paperwork they state a registration number 01533730K which doesn’t take us anywhere and telephone 0845 1546847 which is not mentioned on their website.
The total cost to transfer the timeshare out of the consumers name is around £6000 but they are so kind to deduct the upfront fee paid to United Online and also the travel costs, so the consumer will have to pay “only” around £4000 which is broken into a deposit on the day and a bank transfer a couple of weeks later.
To make it all even more attractive, the consumer is also presented with a Reliance Reward Trust Certificate, a cash back scheme which will be activated in 90 days after the agreement with DTC and subject to the conditions the consumer will be able to recover around £8500
They mention in their agreement it is impossible for the consumer to cancel as they start the procedure of transfer of the deeds straight away…well that’s what they say, but what about those timeshares that cannot be transferred just like that? DTC takes the money the same, but the consumer after checking with their resort later are told this is impossible to do so…very dubious business.
Have you had any dealings with United Online or TS Marketing Services? Just stop it right there and start claiming your money back before you get hooked on to a trip to Spain and meet with companies such as The Deed Transfer Company who will take even more money from you!