Saturday, May 18 2013 11:59 PM EDT2013-05-19 03:59:26 GMT
A man was shot in the leg Saturday night inside of BREC's Hooper Road Park, according to the East Baton Rouge Parish Sheriff's Office. The injury is not considered life-threatening. The victim told investigatorsMore >>
A man was shot in the leg Saturday night inside of BREC's Hooper Road Park, according to the East Baton Rouge Parish Sheriff's Office. The injury is not considered life-threatening. More >>
It's all about the odds, and one lone ticket in Florida has beaten them all by matching each of the numbers drawn for the highest Powerball jackpot in history at an estimated $590.5 million, lottery officials...More >>
Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a ticket now worth an estimated $590.5 million - the highest Powerball jackpot in history.More >>
Saturday, May 18 2013 9:39 PM EDT2013-05-19 01:39:50 GMT
A 12-year-old boy accidentally shot his 8-year-old brother in the shoulder Saturday afternoon, according to the East Baton Rouge Parish Sheriff's Office. The injury is not life-threatening. The accidentMore >>
A 12-year-old boy accidentally shot his 8-year-old brother in the shoulder Saturday afternoon.More >>
Friday, May 17 2013 7:41 PM EDT2013-05-17 23:41:51 GMT
The director of the East Baton Rouge Companion Animal Alliance admits her city-parish shelter messed up big time Friday."We take full responsibility," Beth Brewster, CAA director "CAA takes full responsibilityMore >>
The director of the East Baton Rouge Companion Animal Alliance admits her city-parish shelter messed up big time Friday.More >>
At the corner of Plank Rd. and Scenic Highway sits a Chevron gas station. It's off I-110 near Memorial Stadium. Around 10 p.m.Sunday, a family stopped here to get gas. "Upon our arrival, we located threeMore >>
A man said he, his wife and his daughter were all punched because they were in the "wrong neighborhood" when they stopped to get gas at night. More >>
CINCINNATI, OH (FOX19) -
If someone made the offer for you to get a vacation home for free, or for just a dollar, you'd jump on the deal, right?
Well, in this economy some timeshare owners are resorting to just that, giving their vacation homes away.
But in some cases, they still can't get rid of them.
Among them is Irene Smalls. She's had her New York City timeshare on the market for nearly a decade. She paid $20,000 to use it for one week a year. But she's not come close to breaking even after trying to sell it.
"I've been getting these really low ball offers," Smalls said.
That's because so many timeshares are currently for sale.
One well-known timeshare resale site, RedWeek.com, says "for sale by owner" listings have increased more than 120% over the past year.
Timeshare Users Group has seen the same trend.
"When you have an industry that has far more sellers than buyers it's automatically going to depress the sale price," said Timeshare Users Group's Brian Rogers.
Timeshare buyers pay up front for the rights to use the same hotel, resort, or condo year after year.
Some say they were led to believe their investment would even increase in value. But the reality is very different.
In this economy, many can no longer afford the required maintenance fees. And they're forced to sell at incredibly low prices.
"You're finding people who have already tried or already discounted their timeshare up to 99% off and in many cases giving it away for free," said Rogers.
Former Orlando timeshare owner John Chase sold his timeshare for one dollar.
He could no longer afford the resort's annual maintenance fees. And if he didn't pay, it would've affected his credit record.
"It was a big relief to sell it even at a dollar," said Chase.
The American Resort and Development Association would not appear on-camera. But it told us timeshares are "not a real estate investment" and "its value comes from using and enjoying it."
Timeshare consultant Lisa Ann Schreier says most timeshares don't increase in value. Instead, you're paying in advance for a place to stay.
"If you have to use the word investment, think of it as an investment in your future vacations," said Schreier.
If that sounds like a fit for you and you don't mind the maintenance fees, you can pick-up a timeshare very cheaply.
But don't expect to do that with Irene Smalls's timeshare. She's going to hold onto her unit hoping the market improves.
"My interest is recouping as much of my money as I possibly can," she said.
If you're having a hard time selling your timeshare unit, experts say consider these alternatives:
* Renting it out
* Asking the resort to buy it back --- or if they have a resale program
* Listing it with a real estate broker
However, you should never pay someone from a company who calls you out of the blue and claims they've got a buyer lined-up for your unit. They sometimes ask you to send them the closing costs in advance. But it's usually a scam.