Lonestar Transfer
Lonestar Transfer is a family-owned business that’s been helping timeshare owners since 2012. Until now they have assisted over 25,000 clients in escaping their timeshare contracts.
Impressive, right? But before you get too excited, let’s talk a little bit more. And find out if they’re the best option for you.
Is Lonestar Transfer Legit?
Timeshares are not always beneficial, and the idea of being free from it is tempting. But is Lonestar Transfer the right company to help you do that?
They have a track record of helping over 25,000 clients. But here’s the kicker: Lonestar Transfer doesn’t offer escrow.
Why is that a problem? Escrow is a safety net that ensures your money is held by a third party until the job is done.
Without escrow, you’re taking a risk. What if the timeshare isn’t successfully canceled? What if you’re out thousands of dollars with nothing to show for it?
Lonestar Transfer does promise a 100% money-back guarantee. That sounds reassuring, but let’s be real.
How many times have you heard of people struggling to get their money back, even with a guarantee in place? Once you pay upfront, the chances of being scammed increase. That’s why we strongly suggest you avoid companies that ask for payment upfront.
Lonestar Transfer Services
Now, let’s break down the services Lonestar Transfer offers. They focus on two primary services: Title transfer and timeshare mortgage cancellation.
Title Transfer Service
This service is designed for timeshare owners who have fully paid off their timeshare and want to transfer the title out of their name.
Once the transfer is complete, you’re free from financial liability. It sounds straightforward, but it’s important to understand that this service only works if you meet certain requirements. If you still owe money on your timeshare, this option isn’t available to you.
Timeshare Mortgage Cancellation
For those who still have a mortgage on their timeshare, Lonestar Transfer offers a timeshare mortgage cancellation service.
They work directly with the resort to cancel your timeshare. However, the lack of escrow again becomes a concern.
You’re completely trusting that the company will follow through on its promises after you’ve handed over your money.
How Much Does Lonestar Transfer Cost?
Lonestar Transfer Group’s fees can vary depending on how critical your timeshare contract is.
From the information we’ve gathered the cost with most timeshare exit companies usually falls between $3,000 and $5,000.
However, the exact amount is not listed on Lonestar Transfer’s website. To get a precise quote, it’s better to contact them directly for a free consultation.
How Does Lonestar Transfer Work?
Lonestar Transfer doesn’t provide detailed information. They haven’t mentioned how they will help people get out of their contracts.
However, they’re vocal about the process. The process is time taking and it starts with the cancellation letter.
Lonestar Transfer takes an exclusive approach with each client. To start the process you have to schedule a consultation. This can be done in person at their Texas office or over the phone.
During the consultation, a representative will collect details about the timeshare property.
Based on the ownership status, property type, and location, Lonestar Transfer will determine if it can assist. If they believe they can help, they will advise the client on the best option and start the cancellation process.
Lonestar Transfer Lawsuits
Lonestar Transfer is currently facing a lawsuit that could affect its reputation. The company sued Nashville Tennessee Ventures, Inc., and its owners, Steve Huffman and Preston Thompson, for breach of contract and fraud.
The issue developed from claims that Nashville, a third-party contractor hired to manage mortgage cancellations for timeshare obligations, did not fulfill its duties and misused funds. Such legal troubles can raise doubts about the trustworthiness of the involved parties.
Huffman and Thompson tried to dispute the Texas court’s jurisdiction over them. But, the court ruled that their participation in the case meant they had accepted its authority.
As a result, their appeals were denied, allowing the lawsuit to proceed. This legal battle highlights the importance of thoroughly researching companies, especially in the complicated world of timeshare exit services.
Lonestar Transfer Reviews
Lonestar Transfer reviews are primarily positive. As we looked into the company, they mentioned they have helped over 14,000 timeshare owners.
And if that doesn’t impress you, then how about the 2 different cancellation services they offer? The company gives you two options to cancel your timeshare: The first option is a loan/mortgage cancellation service. If you owe a loan/mortgage balance, the company can help remove your timeshare debt.
The second program transfers your title to another company, giving you freedom from your timeshare. According to numerous Lonestar Transfer reviews, you must fully pay off your timeshare title to transfer it. Title transfer usually consists of passing your deed onto someone else. A corporation that is willing to take on your timeshare is also acceptable.
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. However, 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 fall for bankruptcy? And they run off with your money! We’ve seen it before. Scam companies have left owners in a terrible situation. It’s important to be cautious before considering LoneStar Transfer’s services. Always research thoroughly and ensure you understand the terms before making any commitments.
Lonestar Transfer BBB
The Better Business Bureau (BBB) is often the first place people look when researching a company.
So, how does Lonestar Transfer rate with the BBB? They have a high rating of 4.97 out of 5 stars from 489 customer reviews. That’s impressive. But, Lonestar Transfer is not BBB accredited.
Why is this important? Accreditation means a business meets the BBB’s specific standards. The fact that Lonestar Transfer isn’t accredited might raise some questions. While they have zero complaints on record, which is impressive, the lack of accreditation still leaves questions about their legitimacy.
Lonestar Transfer Trustpilot
LoneStar Transfer has a remarkable presence on Trustpilot, boasting 249 reviews with an impressive 5.0-star rating.
Customers have praised the company for keeping them informed throughout the entire process and delivering on their promise to help exit timeshares.
With zero negative reviews, it’s clear that many clients have had a positive experience, making LoneStar Transfer stand out as a reliable option in the timeshare exit industry.
However, despite these glowing reviews, it’s always important to proceed cautiously, especially since they don’t offer escrow protection.
Lonestar Transfer Glassdoor
LoneStar Transfer presents a confusing picture when comparing their ratings across different platforms.
Trustpilot has an excellent 5.0-star rating with glowing reviews, where customers praise the company for its professionalism and effectiveness in helping people exit timeshares.
However, on Glassdoor, the story is quite different, with a low 2.3-star rating based on only 4 reviews.
Employees mention serious issues like poor management, lack of HR, and even allegations of discrimination.
This stark contrast makes it difficult to judge the company, as it seems to excel in customer satisfaction but struggles with internal operations.
Lonestar Transfer Complaints
Looking closer at people’s experiences, a pattern of surprise fees and hidden costs emerges.
Some owners thank Lonestar Transfer for helping them leave timeshares. But, more reviews show a different view.
People complain about broken promises. They also complain about slow processes and high, rising fees. These issues occur during the timeshare cancellation process.
These negative reviews should make customers second guess themselves about who to hire. We always encourage owners to explore alternative options to help them find the best solution for their needs!
Like any good business, people often measure Lonestar Transfer by its Better Business Bureau (BBB) rating. The BBB provides insights into the company’s business practices and customer satisfaction. Bad rating or complaints from Lonestar Transfer is a warning for those thinking of using them for a timeshare exit. The good news is Lonestar does currently have an A+ rating.
The company has mixed reviews and risks. So, timeshare owners should consider other options. The experts at MyTimeshareExitReviews.com commit to providing transparent and reliable information on navigating the complex landscape of timeshare exits.
We understand the importance of being trustworthy, affordable, and efficient when assisting clients in disposing of unwanted timeshares.
If you’re lost and unsure where to go from here, you can freely contact us! One of our members can help give you that sense of direction you’ve been looking for!
Lonestar Transfer oFFER ESCROW?
Unfortunately, we’ve confirmed the company DOES NOT offer escrow. 100% Money-Back Guarantees are great and all! But they do not offer the degree of security that escrow does.
Escrow is the highest quality of protection in the timeshare exit industry. Many organizations do not offer it, and tragically, Lonestar Transfer is one of those organizations.
Our team recommends using escrow. The exit company receives payment only after keeping its promises. To learn more about escrow, click here.
Pros Vs. Cons of Lonestar Transfer
Let’s weigh the pros and cons of Lonestar Transfer.
Pros:
- Their BBB rating is 4.97 out of 5 stars.
- Some people might appreciate the personal touch that comes with a family-owned business.
Cons:
- No escrow option is the biggest downside. Without escrow, you’re taking a risk by paying upfront.
- The absence of clear pricing information is concerning.
- While they have a high rating, the lack of BBB accreditation could be a red flag for some.
FAQs
- Is Lonestar Transfer legit?
Yes, Lonestar Transfer is a legitimate company with a high BBB rating. but, the lack of escrow is a major concern. - How does Lonestar Transfer work?
Lonestar Transfer offers title transfer and timeshare mortgage cancellation services to help you get out of your timeshare contract. - How much does Lonestar Transfer charge?
The exact cost of their services isn’t clearly stated on their website. - What is the BBB rating for Lonestar Transfer?
Lonestar Transfer has a 4.97 out of 5 stars rating based on 489 customer reviews. But, they are not BBB accredited. - Should I pay upfront for timeshare exit services?
We strongly advise against paying upfront. Always work with a company that offers escrow services to protect your investment.
Final Thoughts
So, should you trust Lonestar Transfer with your timeshare exit? On one hand, they have a solid track record and a high BBB rating. On the other hand, the lack of escrow and transparency are big concerns.
Our advice? Be careful. Timeshare exit scams are all too common, and the best way to protect yourself is by working with a company that offers escrow services.
With escrow, your money is held by a third party until the job is done in your favor. That way, you don’t have to worry about being scammed.
If you’re feeling unsure about Lonestar Transfer, reach out to us. We specialize in connecting people with reputable timeshare exit companies that offer escrow. Let us help you find a safe way out of your timeshare.
Not transparent
I talked with a Lonestar representative and no, they do not use an attorney.
The lady went on about their great success and reviews, which I already had read about on their website but what she would not answer was their process and why the timeshare companies would relinquish my contract I wanted to understand and she got very offended (red flag) and asked me if I thought she was lying to me. It got very strange from there and I knew I couldn’t deal with a company who c9uldn’t answer a legitimate question.
A company you can trust!!
Prior to selecting any company for contract, we (including my wife) make an excel Spread Sheet. We normally review a minimum of 5 to 10 companies, and thoroughly read each companies reviews, (especially the those that have a review of 1, 2, or 3).
Based on my analysis, we selected Lone Star Transfer, and we very satisfied with their professionalism, support, and timely closure of our Time Share. We knew that it would take time to Transfer / Close our Timeshare. I have read that Hono Koa is one of the most difficult to close however, it did happen !!! Please look at the reviews, and they are true, additionally tell your friends, relatives, neighbors, etc NOT TO BUY A TIME SHARE !!!
THANKS AGAIN TO THE LONESTAR TEAM for making this happen (we are popping the champagne !
LoneStar did a great job, although they were very expensive.
I thoroughly enjoyed dealing with LoneStar, because the people I worked with were very caring and helpful. They knew their stuff and kept me informed. They also worked diligently to make sure our credit rating wasn’t damaged. I highly recommend them.
Great Transaction
We had been stuck with the maintenance fees going up and never using the timeshare and the false hoods that they sold us when we bought it. My wife and I decided it was time to get out of it. Lonestar made it possible and the promised results and that is just what we got from them RESULTS! The good results! Thank you Lonestar for your help!
R&L Boehle
Great info
I just learned a lot right. I recommend doing research and learn everything you can before making a move on trying to get out of your timeshare.
Not transparent
I talked with a Lonestar representative and no, they do not use an attorney.
The lady went on about their great success and reviews, which I already had read about on their website but what she would not answer was their process and why the timeshare companies would relinquish my contract I wanted to understand and she got very offended (red flag) and asked me if I thought she was lying to me. It got very strange from there and I knew I couldn’t deal with a company who c9uldn’t answer a legitimate question.
A company you can trust!!
Prior to selecting any company for contract, we (including my wife) make an excel Spread Sheet. We normally review a minimum of 5 to 10 companies, and thoroughly read each companies reviews, (especially the those that have a review of 1, 2, or 3).
Based on my analysis, we selected Lone Star Transfer, and we very satisfied with their professionalism, support, and timely closure of our Time Share. We knew that it would take time to Transfer / Close our Timeshare. I have read that Hono Koa is one of the most difficult to close however, it did happen !!! Please look at the reviews, and they are true, additionally tell your friends, relatives, neighbors, etc NOT TO BUY A TIME SHARE !!!
THANKS AGAIN TO THE LONESTAR TEAM for making this happen (we are popping the champagne !
LoneStar did a great job, although they were very expensive.
I thoroughly enjoyed dealing with LoneStar, because the people I worked with were very caring and helpful. They knew their stuff and kept me informed. They also worked diligently to make sure our credit rating wasn’t damaged. I highly recommend them.
Great Transaction
We had been stuck with the maintenance fees going up and never using the timeshare and the false hoods that they sold us when we bought it. My wife and I decided it was time to get out of it. Lonestar made it possible and the promised results and that is just what we got from them RESULTS! The good results! Thank you Lonestar for your help!
R&L Boehle
Great info
I just learned a lot right. I recommend doing research and learn everything you can before making a move on trying to get out of your timeshare.
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