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However, most charities are unable to take on deeded ownership of a timeshare, so they opt to sell the timeshare. If a charity sells the timeshare and keeps the proceeds as a donation, the donor is then entitled to a tax deduction. [4] Timeshare properties worth more than $5,000 need a written appraisal in conformity with IRS standards ...
This is a list of the major timeshare companies worldwide ... 10 85,000 [10] Westgate Resorts ... Text is available under the Creative Commons Attribution ...
Jess Kinmont and John P. Wenz Jr.’s scam business — Pro Timeshare Resales, a Florida limited liability company purporting to promote reselling timeshares — defrauded over 8,000 people of ...
They won the lawsuit and Westgate Resorts were ordered to pay $600,000. Despite paying $50,000 initially, Westgate stopped payment and the matter went back to the courts for another three years. The matter was finally settled under Judge Michael Baxley, and Westgate agreed to pay $500,000, $100,000 less than the original judgement required. [8] [9]
Timeshares are a type of fractional ownership of vacation properties. When you buy one, you purchase the right to vacation at the property — or sometimes use "points" to vacation at timeshare ...
A telemarketing ring that allegedly scammed millions from consumers nationwide looking to sell their timeshares was shut down by the Federal Trade Commission, the agency announced today.There were ...