BOZEMAN, Mont., Feb. 28, 2011 (GLOBE NEWSWIRE) -- Unwanted timeshares can be so costly and hard to sell that owners are often better off just giving them away. Sound Crazy? A non-profit organization has made timeshare donation easy, safe—and profitable for owners.
Donateforacause.org takes unwanted timeshares; converts them to cash; and donates the dollars to other charities. The process takes just two to six weeks. Besides good karma, owners also get a hefty tax write off, often worth more than what the property would have sold for on the open market.
"The ugly truth is that the resale value of a timeshare is typically only 20 cents on the dollar," says attorney James Tarpey, founder of Donateforacause.org. "Listing agents won't tell you that because they want your business."
With about a million unwanted timeshares for sale, owners are being devastated by timeshare scams. In fact, the Better Business Bureau says timeshare scams now rank among the top 10 scams in the U.S. Besides losing money to bogus listing companies, desperate timeshare owners are now paying "rescue companies" thousands of dollars just to be rid of their properties and the associated costs.
"It's awful that owners are paying these rescue companies when they could be getting a tax write off and helping needy charities at the same time," says Tarpey. "All they get from a rescue company is a needlessly expensive timeshare out, and nothing else."
Donateforacause.org is the first and only nonprofit that takes timeshares—and all associated liability—on behalf of other nonprofits, buffering them from the problems. Charities don't get any of the headaches, just the cash. Since its founding in 2004, Donateforacause.org has raised more than 3.5 million for such charities as The American Cancer Society and The American Kidney Fund.
"It's a great feeling to help out these charities while solving your timeshare problems," Tarpey says of owners who donate. "When it comes to timeshares, it really is better to give than to receive."
To get rid of an unwanted timeshare contact Donate For A Cause at 877-822-2873 or visit Donateforacause.org.
The Donate For A Cause logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8808