SOURCE: Transfer On The Spot

Transfer On The Spot

February 21, 2012 10:00 ET

Distressed Timeshare Owners Find Way Out in Tough Economy With Transfer On The Spot

TORRANCE, CA--(Marketwire - Feb 21, 2012) - Thousands of timeshare owners throughout North America are finding relief from their unmanageable and once ironclad vacation ownership contracts with Transfer On The Spot, a consumer services company based in Southern California.

Transfer On The Spot announced today that a record number of timeshare contracts have been transferred with their distinctive service, which offers a written guarantee. David Halpern, company CEO, said, "We set new company records for families served in 2010 and 2011. The economic downturn as well as changes in the travel patterns of Americans has increased the demand for our services."

"What used to be a blessing has become a burden for many families who own timeshares," Halpern said. "An additional factor has been the aging of the baby boomer generation. A core group of timeshare owners do not use their timeshares as they once did."

Timeshare owners seek relief from their contracts due to financial pressures, lack of interest in their deeded property, and difficulties in selling, among others. "There is more red tape involved in selling timeshares than in any other type of asset," said David Karen, senior partner of DK Law group of Oxnard, CA. "The pressures of the economy have forced a glut of timeshares in the market, creating valueless properties."

Former timeshare owners, David and Cindy MacMillan, who saw a need to help others with similar issues, founded the company and its affiliates in 2005. They discovered that a surprisingly large amount of families shared the frustration they experienced in trying to get out of their timeshare. David MacMillan said, "Cindy and I never imagined that Transfer On The Spot would help so many people all over North America."

Not to be confused with resellers or listing services, Transfer On The Spot provides a legal and final solution to burdensome timeshare contracts. The company offers information through Internet sessions, conference calls, and ongoing seminars throughout North America.

For more information about how to get out of a timeshare contract with the help of Transfer On The Spot call (888) 771-7332 to speak with a representative.

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