Lonestar Transfer is a timeshare transfer and cancellation company located in Rockwall, TX. The company has been in business since 2012, close to hitting the 11-year mark in the cancellation industry.
As our team analyzed the company, we immediately noticed they carried a strong online positive presence. The owners aren’t shy folks either. The homepage features owners Bryan and Karen Holloway on the set of “Good Morning Texas.” Here they had the opportunity to explain how they help owners exit their contracts. And they also mention what made them want to create Lonestar Transfer in the first place.
Continuing our review, however, we did find some startling information on the company. If you are looking to exit your timeshare contract with Lonestar Transfer, we suggest you initiate a Live Chat or fill out the form on the right so our team can help you determine if this company best fits your situation. Our team will help guide you in the right direction, so you stay protected from timeshare scams.
Lonestar Transfer Reviews
Lonestar Transfer reviews are primarily positive. As we looked into the company, they mention they have helped over 4,000 timeshare owners.
If that doesn’t impress you, then how about 2 different cancellation programs? That’s right. The company offers 2 different ways you can get rid of your timeshare. The first program they offer is a loan mortgage cancellation service. If you owe a mortgage balance, the company can help remove your timeshare debt.
The second program is a title transfer service in which they transfer your title to a third-party company or corporation—leading consecutively to your timeshare freedom. According to many Lonestar Transfer reviews, your timeshare has to be completely paid off to qualify for a title transfer. Title transfer usually consists of passing your deed onto someone else. A corporation that is willing to take on your timeshare is also acceptable.
Lonestar Transfer emphasizes its media presence. The company has endorsements from Sean Hannity, Mike Gallagher, The Hugh Hewitt Show, and Michael Medved. Endorsements from significant TV personnel typically means the company has a hefty marketing budget. And usually, celebrity endorsements are compensated for.
Another interesting find we came across is a no-obligation, free consultation. They also mention a “100% in-writing for all of their clients. This means if the company fails to cancel your timeshare, you will receive a full refund if you paid upfront. If a company is willing to guarantee your money back, this is typically a positive sign. But after reading more mixed Lonestar Transfer reviews, we discovered they do not offer an escrow payment option.
We recommend escrow because it eliminates all up-front fees paid to the exit company. Why would you want to risk losing thousands up-front for an incomplete service? What if the company decides to file for bankruptcy? And they run off with your money! We’ve seen it before. Scam companies have left owners in a terrible situation. We recommend you click here to learn more about why escrow is essential.
Lonestar does have a “Beware of these Scams” article on their website. Here they discuss common scams to watch out for in the timeshare industry, many of which we have mentioned on our ‘Helpful Articles’ page. A very interesting scam they refer to is,
“if a timeshare exit company is calling you and has no physical location, it is recommended you avoid that company because 99% of the time, they are trying to scam you.”
Our team at MTER agrees. We recommend you look for companies that stand out and have a legitimate online and physical presence. We recommend you read through our timeshare exit company reviews. They’ll help you get a better understanding of how each exit company works.
Another different point we discover is their ‘testimonials page.’ Here we found numerous written testimonials from past customers. They explain their satisfaction and how Lonestar Transfers was able to get rid of their timeshare contract. Below is one from a past customer sharing their company experience. We would have preferred a video testimonial. Written testimonials can lack credibility.
The company has a ‘FAQ’s’ page where we discovered an important fact. The company states they can remove your spouse and kids from the deed if you don’t want the timeshare to be transferred. We edify this statement because most owners get sold on a timeshare they wish hadn’t. Unfortunately, in some cases, it can get transferred to their future generations.
As we continued to evaluate the company in detail, we discovered the length of their cancellation process. How does Lonestar Transfer work? Well, they say a standard range to exit your timeshare is between 3-9 months. We do agree this can be a standard range depending on your situation.
Unfortunately, our team could not confirm if they used attorneys. Nothing was mentioned in any Lonestar Transfer reviews. A timeshare contract is a legal document. This is why we always recommend working with a timeshare exit company that uses attorneys.
The timeshare industry is full of scams. And with over 100 different timeshare cancellation companies, selecting the right one can seem overwhelming. This is why we recommend you fill out the form on the right side of the page. Or initiate a Live Chat with one of our team members. We can determine if Lonestar Transfer is the right exit company for your situation.
Lonestar Transfer Fees
Lonestar Transfer fees are similar to most timeshare exit companies. Costs depend on your timeshare developer and the complexity of the timeshare contract between you both. After reading hundreds of past reviews, we concluded Lonestar Transfer fees could range from $3000-$5000.
Still, we suggest you always negotiate the price for a better deal. It can only benefit you. Timeshare exit companies usually work on commission. So negotiating can put them in a tight spot. Overall, they’re going to want to keep you on board.
Lonestar Transfer Ratings
As of April 2021. The Lonestar Transfer BBB page has an A+ rating. However, they are not accredited by the Better Business Bureau. They do have 607 customer reviews and 4.95/5-star ratings.
They do have a 4/5-star rating on Yelp out of 5 customer reviews. And they have a 4.8/5-star rating on Trustpilot out of 66 reviews. It doesn’t end there. The Lonestar Facebook page has a 5-star rating out of 29 people. And their Google profile has a 5-star rating out of 11 customer reviews. Our team at MTER always recommends working with a company that has a strong positive presence in the timeshare exit industry. After carefully reviewing Lonestar Transfer, our team has assessed a 3.5/5.0 MyTER Rating. Below are recent BBB and Trustpilot Reviews:
Lonestar Transfer does not have an escrow payment option, meaning you’ll have to pay up-front fees. We never recommend paying up-front fees since this has led to countless timeshare scams. There is also no mention if the company uses timeshare attorneys, which is also very risky when handling a timeshare contract. Overall we cannot change our recommendation of Lonestar Transfer. We only recommend exit companies that have no up-front fees and offer an escrow payment option, so you stay protected.
Contact our team so we can help you find and determine if a timeshare exit company is legitimate. We recommend working with timeshare exit companies that offer escrow, so you pay no up-front fees. Know your legal right so you can exit your timeshare contract legally. Read over our website and fill out the form on the right or contact us through Live Chat for a free informational consultation.
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