Governments from local to federal to international are warning consumers against timeshare resale scams. You would think that with all of the warnings out there then there would be no more scams happening. Well, apparently not. In Florida alone last year there was something like 19,000 complaints to the attorney general’s office about timeshare resale [...]
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Governments from local to federal to international are warning consumers against timeshare resale scams.
You would think that with all of the warnings out there then there would be no more scams happening. Well, apparently not.
In Florida alone last year there was something like 19,000 complaints to the attorney general’s office about timeshare resale scams. And that is just the complaints. What about all of the people that got scammed and did not complain.
OK, so here are a bunch of government sites that talk about this whole timeshare resale scam business.
FTC Halts Timeshare Property Resale Scam; Telemarketers Falsely …
www.ftc.gov7/19/11
At the Federal Trade Commission’s request, a federal court has temporarily halted a telemarketing operation that targeted consumers trying to sell their timeshare properties. The defendants allegedly charged consumers thousands of dollars, falsely claiming they had buyers lined up for sales that supposedly would be reviewed and approved by the FTC. As part of its continuing crackdown on con artists who prey upon financially distressed consumers, the FTC seeks to permanently end the defendants’ deceptive practices and make them refund consumers’ money.…
Attorney General Darrell McGraw Warns Timeshare Owners of
www.wvago.gov5/27/11
Responding to an uptick in consumer complaints against several companies, West Virginia Attorney General Darrell McGraw is warning the state’s consumers to beware of bogus timeshare sale scams.
Timeshare-owning consumers have filed complaints with Attorney General McGraw’s office indicating that these companies have called them promising to sell their timeshare and charging $1,200 up to $2,500 in advance fees for this service.
Typically, the scammers send a legitimate-looking contract to be signed and faxed or e-mailed back. Many times the contract and transaction are executed through an online website. The companies fraudulently claim the fees are for advertising, closing, inspection, and transaction costs and require an immediate payment through a credit card or debit card transaction.…
Timely warning on timeshare sales scams
atg.wa.gov7/10/10
Consumers should be aware that some licensed brokers can be part of the upfront fee company, so the best advice is simply to never agree to an upfront fee! Before you decide to sell, take the time to find out approximately what the resale market will bear. Either ask a respected timeshare resale broker such [AGO BLOG MODERATOR'S NOTE: Link to commercial Web site removed per comment policy.] or visit a social network site of timeshare owners such as www.timeshareforums.com to share information and strategies. [AGO BLOG MODERATOR'S RESPONSE: I'm not not familiar with this Web site. Please visit at your own risk.] The most important advice is for a consumer to simply use common sense.. If it sounds too good to be true- it is! Timeshares do not appreciate in value!…
OK, so you have gotten the idea that even the slow pokes at the government have noticed that consumers are being ripped off. It took them long enough.
Now since they have finally seen the light it is your turn. STOP trying to dump your timeshare through these scam operations. You will only lose money.
The Most Common Scams | Direct Transfers Blog
blog.directtransfers.com11/4/11
At Direct Transfers we’re on a mission to raise awareness about timeshare scams. From the timeshare organizations themselves to the scam artists who try to pretend they’ll do something about your timeshare, there’s a lot of …
Conviction in Florida timeshare scam « TimeShare Blog & Reviews
mytimeshareblogs.com9/15/11
Conviction in Florida timeshare scam. Stephen R. Wigginton, U.S. Attorney for the Southern District of Illinois, announced Friday that on Thursday, Ralph Johnson, 34, of Delray Beach, Fla., pleaded guilty to a one-count criminal …
Well that about wraps it up for this post. Just remember that there are a whole lot of people out there ready to steal your money. So be careful.