Trying to get rid of a timeshare can cause a lot of stress
in today’s market. Because of how distressed most timeshare owners are and
their strong desire to get out of the timeshare contract there have been a lot
of scams that target them directly. These fraudulent businesses are taking
advantage of a market where there is a high demand to sell and little to no
demand to buy. By promising a buyer to these timeshare owners many scams have
been able to collect a large amount of money only to disappear and provide
literally no service whatsoever.
We feel it is important to education timeshare owners and
resort members about what they own and the scams that are targeting them. By
helping these people to avoid being taken advantage of and scammed we can help
prevent further damage to those who have already been misled by the resorts and
timeshare companies. After all, one of the main reasons why owners try to get
out is because they simply cannot afford to cost of ownership anymore. These
scams have the potential to add even more financial woes on top of what is
already a financial nightmare for many people.
The timeshare resale scam is not only one of the most
commonly used scams but also often the most damaging for the victim. The fact
is that with the current state of the timeshare resale market there are simply
not enough demand to purchase these used timeshares for anyone to be able to
solicit offers of having a guaranteed buyer ready and waiting. If you own a
timeshare and are contacted by any person or company that claims they will
guarantee the sale of your timeshare if you provide a large upfront fee to
cover costs of sale then you should be extremely weary. Make sure to do your
research and try to find someone who has successfully done business with them
before you jump in. An offer such as the one describes certainly seem too good
to be true, and it most likely is.
