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Timeshare Scams

 

 
For years, the appeal of part-time home ownership in a desirable area attracted millions of buyers. But when the real-estate market melted down a few years ago the endless summer for timeshares became a financial winter. Now scamsters are targeting timeshare owners who want to sell thier properties.
These operators will claim to have a buyer or renter for the properties, take a fee, then disappear or refuse a refund when no sale transpires.

Worldwide Timeshare Scams

The world over has numerous timeshare owners who are interested in selling their properties. While there are almost endless reasons why an owner may want to sell, here are a few of the most common reasons:

For whatever reason these operators will claim to have a buyer or renter for the properties, take a fee, then disappear or refuse a refund when no sale transpires. Here are three types of scams:

  1. Unlicensed, unregulated, and illegitimate timeshare reseller fraudsters pose as
    and use the identities of legitimate and licensed real estate brokers, thereby
    providing a false sense of security, and then demand the payment of monies up
    front (at times via wire transfer to accounts in a foreign country) in connection
    with the purported resales. No services of any kind are actually provided (see
    the discussion below regarding the requirement for the timeshare resale agents
    to be “licensed”).

  2. Scammers target timeshare owners (a number of whom are senior citizen (retirees) and falsely tell those owners that the "agent" has found a "ready and a "willing" buyer for their timeshares (which in some cases may not currently be listed for or be for sale). In certain cases the scammers were operating from and based outside of Arizona, but they were using a mailing address in Arizona. Oftentimes, the address was simply a mail drop.Moreover, a number of timeshare owners have reported that some frauds have promised to sell the timeshares within a set period of time.

  3. Fraudsters pose as timeshare buyers and use such advertising slogans as
    “Will Buy Your Timeshare for Cash”, “Timeshares Wanted”, or something similar,
    to lure timeshare owners, and then ask the owners for “a small amount of” money
    (which is often times $1,000 or more) up front to process the paperwork for the
    transfer. Once those monies are paid, the owners never hear from the scammers
    again.

Law enforcement officials are cracking down on companies they say stole millions of dollars from timeshare owners desperate to resell their properties.

We will list below examples of timeshare scams and or potential scams that we have learned about and suggest you guard against such transactions in the attempt to put an end to timeshare fraud.

Resort Consultants Scam  -  Mexican Timeshare Scam  -  American Timeshares Scam  -  Timeshare Express Management Scam  -  Fake Closing Cost Scam  -  Craigslist and eBay Scam

Email - tsresale@ptd.net

 

WorldWide Timeshare Resales