There is a huge difference between the data that you might obtain by searching a name by yourself and the INFORMATION that you receive when TTR provides you a search report.
Some of our Subscribers research prospective transferees by searching the internet. Although the major search engines like Google, Bing, and Yahoo may return some relevant results, they are designed primarily to put up commercial results first making you wade through a maze of vaguely relevant results.
Even if you are lucky enough to get a relevant hit, say looking up the name of a limited liability company, the unburdening companies often use very common names or names designed to be similar to other companies in order to make it difficult to determine if the result is actually the company that you are searching. Searching for an individual is even more daunting as you will be presented with a myriad of opportunities to, for a fee, obtain a possible match.
There are more sophisticated methods of search available with fees running between $19.95 per month and $250 per month plus search fees. But what you get from this type of search is just unfiltered data which is not very useful in evaluating whether a prospective transferee is likely to default on the dues after conveyance.
At TTR, we wade through the unfiltered data for you and interpret the results in a factual manner. Here are the pertinent details of the INFORMATION that we provide:
- We research if the person or entity is shown in the public records as having taken title to an unusual number of timeshare interests, whether the person or entity has been foreclosed upon or has been reported as being delinquent by other subscribers. We also note if the person or entity has transferred timeshare intervals to other known Asset-Less Entities.
- We let you know if a prospective transferee has recently been searched or reported delinquent by other subscribers.
- Address and telephone numbers are verified. If the address provided is commonly used by the unburdening companies, or if it is a lock box at a UPS Store we also note that.
- We provide likely physical address and telephone numbers for the person or entity.
- For entities, we provide the name, addresses, and telephone number of the registered agent or principal of the entity.
- We identify the escrow agent used by the unburdening company.
- If an entity is formed by a known unburdening operation, we cross reference other such entities formed by the same company.
When we email your report to you, we make notes suggesting how the information can be used in one of our model letters.
As you can see, there’s a huge difference between Data and INFORMATION!