Lonestar Transfer Review
Lonestar Transfer is a timeshare transfer and cancellation company located in Rockwall, TX. The company has been in business since 2012. Lonestar Transfer has an impressive website, and the main page consists of the owners being on the set of “Good Morning Texas” and having the opportunity to explain how they help timeshare owners exit their contracts. As we analyzed the video, the company claims it has helped over 4,000 individuals, and they offer two types of services. The first program the company provides is a loan mortgage cancellation. If you owe on your timeshare, the company can help eliminate those debts. Lonestar Transfer also has a title transfer service in which they transfer your title to a third-party company or corporation; in other words, you will be free from your timeshare.
According to the Lonestar website, to qualify for the title transfer, your timeshare has to be completely paid off. Title transfer usually consists of passing your deed onto someone else or a corporation that is willing to take on your timeshare. The company also boasts about its media presence on different channels. Lonestar Transfer has endorsements by the likes of Sean Hannity, Mike Gallagher, The Hugh Hewitt Show, Michael Medved. Endorsements from significant TV personnel typically means the company has a hefty marketing budget. Another interesting find we came across is a no-obligation consultation and a “100% in-writing guarantee”. The company claims they will cancel your timeshare contract or your money back. If a company is willing to guarantee your money back, that typically means they genuinely believe in their process. We have some mixed reviews. Our team recommends you pay $0 up-front to cancel your timeshare contract, why would you want to take the risk of paying thousands up-front to find out the timeshare is never canceled, or the company went bankrupt? Learn more about why escrow is essential.
To better understand the title transfer process, essentially, the company is partnered with a third-party company that takes on your week in the resort and rents it out to individuals looking for a vacation in the area. Title transfers are accepted for locations that are near tourist hotspots like Disneyland.
The company has a “Beware of these Scams” article on their website. The article provides information about the common scams that are currently present in the timeshare industry, many of these we have mentioned in our Helpful Articles page. A very interesting scam Lonestar Transfer refers 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 MyTER agree. We recommend you look for companies that stand out and have a legitimate online and physical presence, protect yourself from scams! Read our reviews to get a better understanding of various timeshare exit companies.
The company also has a testimonials page which has numerous written testimonials of past clients explaining how they officially got rid of their timeshare contract. Under the ‘FAQ’s’ page, the company states that your kids and spouse will be removed from the deed if you do not want the timeshare to be transferred over to them. We edify this statement because a lot of times, you get sold on the timeshare, which unfortunately is transferred to your future generations.
After carefully reading about the company, we have concluded the exit process time to cancel your timeshare with Lonestar Transfer is roughly between 3-9 months. Our team looked for information regarding if the company used attorneys, and nothing can be found. A timeshare contract is a legal document, and we always recommend working with a timeshare cancellation company that uses attorneys in their process. The process for timeshare cancellation was not stated on the website.
Scams are everywhere in the timeshare industry, with over 100 different timeshare cancellation companies, how would you know which one is legitimate or not? We are a team of advocates dedicated to helping timeshare owners find the best company solely based on your situation. Fill out a free consultation form so we can help find you a trustworthy timeshare exit company that offers escrow, so you pay $0 up-front in fees. Also, get a free email copy of the “10 must-ask questions when shopping for a timeshare exit company”.
Lonestar Transfer Cost & Fees
Lonestar Transfer cancellation cost is similar to the majority of the timeshare exit companies, and the cost is dependent on your timeshare developer and what is stated on your contract. After our team carefully reviewed multiple websites, we have concluded the cost can range from $3000-$5000. If your timeshare is in a desirable location and you qualify for the transfer program, then your cost will be less compared to the average timeshare owner. We suggest you always negotiate the price with Lonestar Transfer. As we always state, negotiating can only benefit you. Timeshare exit companies usually work on commission; negotiating the fee can save you a ton of money!
Lonestar Transfer Ratings
Lonestar Transfer is not accredited by the Better Business Bureau, but they do have 124, 5-star ratings on the BBB. According to BBB, the business profile is being updated. There are no Yelp or Trustpilot reviews. Our team at MyTER 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. The reasoning behind this rating is the company does not have any past customer reviews on Trustpilot or Yelp, and we believe the customers’ voice should always be heard and be present.
The company also does not have an escrow option, and we would recommend you pay $0 up-front in fees to protect yourself from timeshare scams. The company has had four complaints closed in the last three years, and three complaints closed in the last 12 months. The lack of communication was reported on all complaints. Wouldn’t you want a timeshare exit company to communicate their process with you? Unfortunately, that is a -1 from our team.
Lonestar Transfer has exit packages they sell on their website, and they don’t offer escrow, which means you’ll have to pay thousands up-front to cancel your timeshare. Lonestar Transfer is not recommended by our team. Read over our website and fill out the form on the right or contact us through Live Chat for a free personalized consultation. Our team recommends working with trustworthy timeshare exit companies that offer an escrow option, so you pay $0 up-front until your timeshare contract is canceled. There are hundreds of timeshare scams every year, protect yourself from becoming another victim.