Lonestar Transfer in Rockwall, TX is a timeshare exit company that distinguishes itself from other similar companies by offering both timeshare title transfer and timeshare mortgage cancellation services. In order to qualify for their timeshare title transfer services, the timeshare must be paid off in full. If it is not, then the customer must use the company’s timeshare cancellation service first before being able to transfer the title with the company.
Timeshare Title Transfer Service
Lonestar Transfer’s timeshare title transfer service is described in a straight forward manner on their website. It involves transferring a timeshare property title out of the customer’s name to a third-party acceptance corporation. In some states, such as Florida, it is illegal for a company to let a third-party acceptance corporation go bankrupt after transferring them a title. It is not verifiable whether or not Lonestar Transfer is involved with doing this in their timeshare title transfer services.
Timeshare Mortgage Cancellation Service
The timeshare mortgage termination service that Lonestar Transfer offers is also discussed on their website. The company mentions that timeshare developer sales staff often break consumer protection laws by misleading people or leaving out important disclosures when selling them a timeshare, which is grounds for contract cancellation. Lonestar Transfer recommends that one should not contact the timeshare resort directly when looking to break a timeshare contract because the resort could use what one says to trap them into their contract. However, some companies, such as Wyndham, have timeshare exit programs of their own, so in actuality, it is beneficial to contact one’s timeshare resort first when looking to get out of a timeshare commitment.
Lonestar Transfer’s Marketing Efforts
Lonestar Transfer heavily markets its services in advertisements on TV and radio shows, including Fox News, Fox Business, Sean Hannity, The Hugh Hewitt Show, The Michael Medved Show, KRLD 1080, WBAP 820am, 94.9 KLTY, 660 AM The Answer, and more. Such popular programs are unlikely to support an illegitimate business, so the fact that Lonestar Transfer is featured on them gives the company some credibility.
Even with these endorsements, our recommendation does not change. We only recommend working with companies that offer a low up-front fee escrow payment option, so the timeshare cancellation company is only paid in full after the timeshare is cancelled. Learn more about escrow and why you should care here.
Lonestar Transfer Reviews
The Lonestar Transfer reviews are positive online. On their own website, they feature testimonials from happy customers, but the pictures of the reviewers are missing, making it difficult to determine if the reviews are real or not. Off of the website, though, reviews remain positive, overall. As of 1/15/2019, Lonestar Transfer has a 3.7 (out of 5) star aggregate rating on Google and a 4.8 (out of 5) star rating on Facebook. The company also has a 5 (out of 5) star rating on BBB, however there are only 26 reviews, and only one answered complaint, as of 1/15/2019.
Lonestar Transfer Cost for Services
The Lonestar Transfer cost is not available on the company’s website due to the individualized nature of the services they provide. However, one customer posted on July 27, 2016 on Redweek that the cost charged to her by Lonestar Transfer was $3,495. She did not specify whether this was for the company’s timeshare transfer or mortgage cancellation service. The best way to get an estimate of the Lonestar Transfer cost of services is by taking advantage of the free consultation they mention on their website.
Lonestar Transfer’s 100% Money-Back Guarantee and Concluding Thoughts
Lonestar Transfer also mentions a 100% money-back guarantee on their website. While such guarantees appear to provide safety to the customer, the best way to guarantee 100% protection from scams, which are rather frequent in the timeshare exit company industry, is to work with a company that offers a low up-front fee escrow payment option. Low up-front fee escrow payment options allow for money to be placed in a third-party holding account that is only released to the business once they have successfully accomplished their services agreement. This is better than relying on a money-back guarantee because it does not allow a company to receive any money before their agreement has been fulfilled, giving customers protection if the timeshare exit company should go out of business or be unable to fulfill their promises for any reason. Learn more about escrow and why you should care here.
If you still have questions about cancelling your timeshare, please fill out our contact form, give us a call or engage in our live chat.