Are there any legitimate timeshare resale companies out there?

Like all things, this was a complete scammer just trying to get her money and making a big promise. Here is what she said. I have researched a few of these timeshare resale companies & feel that Sharp Innovations LLC just may be a legitimate company. Have you ever heard of them?

Is there a way to exit a timeshare contract?

If so, you will be glad to know that not only can you exit your timeshare you can currently do so without incurring any financial loss, have your investment amount returned to you in full and needn’t even provide the resort from which you purchased the timeshare with a reason why you wish to terminate your contract.

Do you need a lawyer for a timeshare rescission?

If you’re within the rescission period, you probably won’t need a lawyer. But during the COVID-19 pandemic, some of these tried-and-true strategies don’t work the way they used to. Some timeshare developers want you to buy more during the pandemic. Want to get out of your timeshare? Buy more

How did I get rid of my timeshare in Southern California?

A retired sales manager from Foster City, Calif., she decided that her timeshare in Southern California wasn’t worth keeping. She started calling her timeshare company every month, asking for a voluntary surrender, essentially offering to give up the timeshare.

Are there any lawsuits against timeshare resale companies?

Brnovich has filed a consumer fraud lawsuit against Condosmart LLC, an Arizona-based timeshare resale and rental advertising business. The suit accuses the company of making hundreds of unsolicited telemarketing calls to consumers who owned timeshare properties all over the U.S.

Which is the largest timeshare resale company in the world?

Timeshares Only has been helping people like you sell, buy and rent timeshares for over 20 years. More than the world’s largest timeshare resale marketplace, we are also a company determined to make a difference in the timeshare industry.

Is there an alternative to selling a timeshare?

An Alternative to selling a timeshare and option worth exploring ahead of advertising a timeshare for sale is returning it to the resort from which you purchased your timeshare.

How can I get Out of my timeshare contract?

The most common means and example is when a timeshare owner ceases to pay the annual fees attached to their timeshare in the hope doing so will eventually result in a resort taking the timeshare from them and ripping up their contract. Such approaches are, when possible, to be avoided.

Meanwhile, hopefully, you find legitimate timeshare resale companies and, eventually, a buyer. Feel free to submit fraudulent businesses, names, or your experience in the comments section at the end of the article. Let’s start by exposing one of the most common timeshare scamsthat exist out there.

How to find a buyer for a timeshare?

You check the best places with timeshares for sale listings and take the plunge. You post an ad online, looking for a buyer. One day, you receive a call or email from a company that deals with timeshare resales. It sounds like they will save the day as your broker, but beware of a tricky timeshare resort scheme going around this month.

How much is it to rent a timeshare on redweek?

Owners can post their timeshares for rent or sale (simultaneously) on RedWeek for six months for under $100. That’s an ideal way to test the rental and resale market for your ownership.

What do you need to know about timeshare exit companies?

In addition to attending presentations from scammers, RedWeek also attends numerous sales presentations from brand-name developers and third-party travel clubs so we can keep track of what is happening to consumers in the marketplace.

What do you need to know about timeshare resale companies?

Before using the service of a timeshare resale broker, contact your state’s Real Estate Commission and make sure that he or she is properly licensed. A “timeshare resale company” is an umbrella term that may come in many variations, each offering its own business model and a unique combination of services.

Where can I find out what my timeshare is worth?

BuyaTimeshare.com gives you the tools and information you need to market your timeshare as the most-trusted online resale provider in the industry. The second step to understanding your timeshare worth is to gather some information to give yourself a better understanding of what the market will bear for a valuation:

Is the BBB accredited timeshare resale and rental marketing?

Start with Trust ® BBB remains operational and focused on serving our business community. Read more. Timeshare Resale and Rental Marketing, Vacation Rentals, Vacation Timeshare

What are the different types of timeshare marketing?

Timeshare Resale and Rental Marketing, Vacation Rentals, Vacation Timeshare Advertising, Timeshare Resale and Rental Marketing, Marketing Consultant Timeshare Resale and Rental Marketing, Real Estate, Real Estate Agent Real Estate, Timeshare Resale and Rental Marketing, Real Estate Agent

Timeshare scams are at an all-time high, especially when they come as timeshare resales scams. We have a full list below. You’ll find timeshare resale companies under investigation, as well as legitimate timeshare resale companies. Many names are tossed around, such as RCI Resorts, Westgate, Wyndham, Timeshare Exit, or Redweek.

Can a real person be sued for timeshare fraud?

The companies are usually an LLC so no real person can be sued. Even if you can track down a responsible party to prosecute, they are long gone. This type of fraud is responsible for upwards of $8 million in unpaid maintenance fees in the industry, spilling over on to other owners and raising expenses for everyone.

Is it illegal to sell a timeshare unsolicited?

First of all, a legitimate timeshare resale agency will never reach out to you unsolicited. Unless you have given permission for them to contact you, this is illegal. Additionally, the buyer typically pays for transfer fees and commissions, not the owners selling their timeshares.

Do you get paid when you sell a timeshare?

Additionally, the buyer typically pays for transfer fees and commissions, not the owners selling their timeshares. When you sell your timeshare, you will usually receive 100% of the proceeds.

How does a timeshare fraudster make it look legitimate?

Fraudsters have various methods of making their timeshare schemes appear legitimate. For example, some fraudsters design convincing websites that may mimic the websites of real U.S. companies, but that contain false information, such as incorrect names for company representatives.

How many timeshare owners are there in the US?

Older timeshare owners like Roach are targets for a growing number of timeshare exit companies that inundate owners with direct mailings, telemarketing, and free lunch and dinner seminar invitations, claiming they can release them from their timeshare obligations—for a fee. About 9.6 million households own some type of timeshare.

Additionally, the buyer typically pays for transfer fees and commissions, not the owners selling their timeshares. When you sell your timeshare, you will usually receive 100% of the proceeds.

How can I get Out of a timeshare contract?

You can also call them at 1-888-703-3329 for a free consultation if you want someone to help you exit. Next, know that most timeshare contracts have a “cooling off” period.

Can a timeshare be used at a Disney Resort?

If you’ve purchased your timeshare on a points system or vacation club, you purchase actual points to use at one of the resorts owned by the vacation club. Disney Vacation Club is one example of this. Some vacation clubs will allow rental of timeshares, while others will not.

What’s the mark up on a new timeshare?

According to industry statistics, 50% or more of the selling price of “new” timeshares is mark-up to cover developer promotions (free giveaways and other incentives). You wouldn’t put up with that kind of outlandish markup for other products, so why put up with it when buying a timeshare?

Can a timeshare reseller be a BBB Accredited Business?

In addition, learn how long it has been in business – a potential indicator of experience and reputation. If the business is not even listed with the BBB, this is a very bad sign. On the other hand, if the timeshare reseller is certified as a BBB Accredited Business, it’s an important positive signal.

They conduct research on the industry every year and analyze trends, as well as monitor for legitimate (and illegitimate) resale companies. ARDA even has a Resort Owners Coalition, comprised of owners who care about the timeshare industry.

When did Diamond Resorts take over timeshare membership?

In 2013, we were visiting the Cancun Resort in Las Vegas when we were told that Diamond Resorts had taken over the membership that we had in two different timeshare companies.

What does it mean to be a resale company?

A rep from the agency calls you and introduces the organization as a specialty resale company in this niche. He says that they have a client for you, who is willing to pay according to the resale market and the real estate rules. “Good news, the buyer loves your place!

How long has International Vacation Resorts LLC been in business?

International Vacation Resorts LLC Response BBB File Opened: 3/22/2019 Years in Business: 4 Business Started: 6/16/2016 Licensing Information: This business is in an industry that may Type of Entity: Limited Liability Company (LLC)

In 2013, we were visiting the Cancun Resort in Las Vegas when we were told that Diamond Resorts had taken over the membership that we had in two different timeshare companies.

When did I report the timeshare answers ripoff?

They were the ones that contacted me. I did report it to my credit card. This report was posted on Ripoff Report on 05/16/2012 07:14 PM and is a permanent record located here: https://www.ripoffreport.com/reports/timeshare-answers/orlando-florida-32819/timeshare-answers-worse-then-the-time-share-itself-orlando-florida-883845 .

Do you have to pay the timeshare exit company?

There aren’t any reviews on the BBB that mention the Timeshare Answers cost either. Overall, our recommendation does not change. We only recommend working with timeshare exit companies that offer an escrow payment option, so the timeshare exit company only gets paid in full AFTER your timeshare has been cancelled.

Is it legal to rescind a timeshare contract?

Rescinding a timeshare is a legal way to cancel a timeshare contract, sometimes with the possibility to get your money back and usually within a certain number of days, this depending on the place where you purchased the timeshare.

Is the timeshare answers website a good site?

Reading over the Timeshare-answers.com website and we see that Timeshare Answers says that some timeshares are worthless while others have value.

Which is the best time to avoid timeshare exit companies?

A company that offers a low up-front fee escrow payment option is your safest bet, but not a lot of companies offer this payment option. Avoid companies that do not have an online presence. If the company doesn’t have a website, it’s likely a scam. Online ratings and reviews of timeshare exit companies can help with this research.

Where can I Sell my timeshare in Florida?

Timeshare Answers is a timeshare exit and resale company in Orlando, Florida that may be able to help you cancel or sell your timeshare. The company was started in 2009. It looks like Timeshare Answers owns several different domain names including the following:

Are there fraudsters targeting timeshare owners in Mexico?

The FBI Criminal Investigative Division and the Office of Investor Education and Advocacy of the Securities and Exchange Commission (“SEC”) would like to warn consumers of a recent increase in fraudulent schemes targeting owners of timeshare properties in Mexico.

What are fixed and floating week timeshare companies?

Fixed and floating week companies give owners the right to a certain amount of weeks in a certain timeshare unit each year. These timeshare companies split units between multiple owners who occupy the unit throughout the year. Some companies are solely devoted to helping timeshare owners swap their weeks with other owners.

How are timeshares controlled by the hotel developer?

Timeshares are controlled by the hotel or developer, and clients are more like guests than actual owners. They have purchased only time at the property, not the property itself. The title is held by the developer, so the purchaser’s equity does not rise or fall with the real estate market.

Who is suing timeshare exit team in Nevada?

Diamond Resorts, for example, is currently suing Timeshare Exit Team in Nevada for “tortious interference” in its business, among other things.

Is there a company called timeshare consultants UK?

This company is called Timeshare Consultants and they claim to have offices in both Spain and UK. The email message received from [email protected] is as follows: I am writing to inform you that we are currently holding compensation that has been rewarded to you, to the amount of £28,990.00.

How is the American resort development association helping timeshare owners?

“Developer members of the American Resort Development Association (ARDA) have longstanding programs in place to help timeshare owners facing financial and medical hardships, including the deferment of maintenance fees and loan payments for owners affected by the coronavirus pandemic,” said ARDA CEO Gamel in a written statement.

How does resort advisory group help with timeshare disputes?

The timeshare resolution process with the Resort Advisory Group is a seamless process that involves a free, no-obligation consultation to review and understand your unique case. A Resort Advisory Group representative, along with a timeshare Attorney, will work with you to help relieve and terminate your timeshare contract.

Which is the best company for timeshare contract resolution?

We are a full-service timeshare advocacy group that specializes in timeshare contract resolution services. We are an industry leader with an A+ rating with the Better Business Bureau. We have a proven track record of resolving timeshare contracts for our clients

Who are the companies that sell business timeshares?

In one recent case, Vacation Property Services claimed to represent big-name companies eager to buy timeshares for business travel and events. The company guaranteed timeshare owners hefty returns if they moved quickly on the offer.

Can a timeshare reseller Bilk you Out of money?

The FTC and state consumer protection agencies have shut down dishonest timeshare resellers for bilking timeshare owners out of millions of dollars. If you’re selling a timeshare, listen carefully for the promise of lots of money quickly and a request for an upfront fee.

Is there a corporate buyer for Mexican timeshares?

Claim to have a corporate buyer for Mexican Timeshares. While their website does look someone more legitimate compared to the other scam operations we uncover, it is just another scam operation. Their website claims to have received more than $2.8 Billion in purchase and rental offers.

Why are timeshare companies being sued in Arizona?

The suit claims the company has violated the Arizona Telemarketing Solicitations Act by failing to file a verified registration before soliciting consumers and by failing to maintain a surety bond, as required by Arizona law.

Is there a timeshare company in New York City?

Based on their website appearance, being only registered 8 months ago, and indicating an address of a high rise building in NYC without a floor, unit, or suite number, we are confident this is a scam operation. They have no BBB or Yelp page, no presence on google, and there is no registered company in NYC by their name.

Can a US citizen foreclose on a Canadian timeshare?

But more often than not, if you walk away and stop paying the fees, your timeshare could go into default and eventually foreclose. So now the question is if a timeshare foreclosure could bar a non-U.S. citizen (Canadian, in this case) from entering the U.S. The answer is probably not.

What happens if you get a cold call on your timeshare?

Once the calls stop, it usually means that it’s too late to get your money back and, in the end, you are left with nothing. You may also have been contacted by someone offering to sell your timeshare for you, falsely claiming that they have a buyer for your timeshare willing to pay thousands and you just need to pay them the transfer costs.

What’s the right of rescission for a timeshare?

You most likely had a “right of rescission” period when you first purchased your timeshare, usually around 10 days. Unless you cancelled your timeshare contract during that period, the purchase is valid even if you change your mind.

Which is the most popular timeshare company in the world?

Wyndham Vacation Resorts is one of the world’s most popular timeshare companies. The company is a member of the Wyndham Worldwide family of companies, and currently works with more than 900,000 owners.

Is there a company that looks like Fidelity timeshare?

Their logo looks just like Fidelity National Timeshare’s logo. Fidelity National Timeshare is a legitimate business, and purchasemytimeshare.com is piggy backing off their legitimacy to make themselves look like they are legitimate. They also claim to have 6 different addresses in Mexico.

How to successfully sell a timeshare?

Contact the company that manages your timeshare. Let them know that you want to sell it.
which means you’ll get to keep more of the sales proceeds.
Contact a real estate agent that specializes in timeshare sales.

How much money can a timeshare salesman make?

The average salary for a full time timeshare sales person is $77,000, according to Indeed.com. Add that to the travel benefits timeshare sales representatives get, and timeshare sales may seem like a dream job.

How to negotiate a timeshare sell?

How to Negotiate a Timeshare Sell Re-read any agreements that you signed with your timeshare developer to see if there are any considerations that you need to plan for. Research the market value of your timeshare, if you haven’t already done so. Inform the buyer of any facts about your timeshare or the sale that she’d need to know. Ask the buyer what she is willing to pay.

Where to sell your timeshare?

Run an ad in the travel or real estate section of newspapers in the area where the timeshare is located. List the timeshare for sale on a consumer sales website, such as eBay or Craigslist. Use an online advertising site that specializes in timeshares, such as RedWeek or Timeshare Users Group.

How are timeshares sold on the secondary market?

Unlike vacation homes, timeshares are a depreciating asset and are sold on the secondary market for 75 to 99% less than the resort sales price. Very few have resale value, and a large majority of timeshare contracts will sell for pennies on the dollar to a new owner via a resale company.

What kind of contract is a timeshare contract?

Timeshare is a kind of divided ownership of a property or use of rights. These properties are usually vacation condominiums rather than a house and lot, or they may call it vacation ownership resort. You may also see artist performance contract template.

To sweeten your timeshare donation offer, pass along advice on how they can hack timeshare ownership to see the world at a fraction of the price! People get rid of their timeshare legally by transferring their timeshare contract to an existing owner at their home resort.

What is a timeshare and how does it work?

How timeshares work: A timeshare is a piece of property where there are joint owners who divide up the use of the property into time-shares (meaning, an allotment of time such as one week a year, two weeks a year, or whatever time share is worked out for that particular piece of property).

What is a timeshare contract?

Timeshare Contract. The contract will legally bind the timeshare buyer to pay the seller a specific amount to “own” or have exclusive use of the property on a specific date every year. Buyers typically settle for one to two weeks.

What are resale timeshares?

A timeshare resale is simply a timeshare that is being sold by the current owner rather than by a resort or developer, usually at a price point that is significantly lower than the timeshare’s original “retail” value.

Fixed and floating week companies give owners the right to a certain amount of weeks in a certain timeshare unit each year. These timeshare companies split units between multiple owners who occupy the unit throughout the year. Some companies are solely devoted to helping timeshare owners swap their weeks with other owners.

What does it mean to be a timeshare exchange company?

A timeshare may be an ownership interest in real property or be right-to-use, which includes a certain number of years of use before it expires. What is a timeshare exchange company? A timeshare exchange company is a membership program that connects timeshare owners looking to vacation elsewhere for a year.

Who are the largest resellers of timeshares in the US?

The company is based in Exeter, New Hampshire and Orlando, Florida, and they are currently the largest reseller of timeshares in the U.S.

A timeshare may be an ownership interest in real property or be right-to-use, which includes a certain number of years of use before it expires. What is a timeshare exchange company? A timeshare exchange company is a membership program that connects timeshare owners looking to vacation elsewhere for a year.

Do you have to pay commission to resell a timeshare?

Timeshare resellers pay no commission and no extra closing costs. Exposing your property on a website that targets over 250 million people is the only way to ensure that anyone will know that your timeshare is for sale. So if you are looking to resell or renting a timeshare you have come to the right place.

The companies are usually an LLC so no real person can be sued. Even if you can track down a responsible party to prosecute, they are long gone. This type of fraud is responsible for upwards of $8 million in unpaid maintenance fees in the industry, spilling over on to other owners and raising expenses for everyone.

How much does it cost to buy a timeshare?

The scammer explains that the buyer is willing to reimburse the timeshare owner for the fee, but it must be paid by the owner. The fee ranges from $4,000 – $8,000. The terms the scammers use range from “Title Insurance Fee, International Capital Gains Taxes, Temporary Naturalization certificate, International Resort Transfer fee, etc.

When do you get your money back from a timeshare company?

No offers, no buyers, and of course no return on the money I gave them. That’s right, I spent $1100 and got nothing in return. On the other hand, I guess people ask this question because they want to believe that one of these companies is actually a truly legitimate company when they claim that they will give you your money back after 180 days.

Is the timeshare industry important to the travel industry?

The timeshare industry is an important component of the national and global travel industry. Millions of households in the U.S. have purchased one or more types of shared vacation ownership at thousands of resorts located in popular domestic and worldwide vacation hot spots.

Where can I buy a timeshare in Mexico?

Timeshare resales in Mexico can be found on Ebay for as little as $1. Some sellers are even offering to pay the first year’s maintenance fees just so they can get rid of the timeshare, which would mean a free vacation for you the first year.

Who are the victims of the timeshare fraud?

Timeshare owners who have fallen victim to fraudsters offering to sell their contracts in exchange for a fee are being targeted a second time by the same crooks promising they can obtain compensation – for a further fee of at least £500.

Can a timeshare salesman cold call a consumer?

Just remember that the real Consumers Timeshare Association NEVER cold calls anyone. You’re at a Timeshare presentation, not having signed for anything, when the salesman asks if he can just check your credit card to see that it’s OK.

Do you owe money to a timeshare company?

A call out of the blue from a Company that you have never heard of states that you owe them £2,500. If you do not pay immediately by a card they will send Debt Collectors to your door. Whilst not uniquely targeting Timeshare owners, this scam is rapidly gaining in popularity. A holiday for £1? Easy?

Are there any lawsuits against timeshare exit firms?

Wyndham and other developers have filed lawsuits against timeshare exit firms, alleging false advertising and misleading claims. The owner of the timeshare exit firm that Roach paid money to told the BBB he was closing his companies down, according to the BBB.

Do you have to pay upfront to sell timeshare?

Not only will you have no upfront fees to pay, but prospective buyers will not either, making this the ideal place to sell your property. Before listing your unit for sale, it is always best to contact friends, family and other owners to see if anyone is interested in buying.

How can I list my timeshare for free?

List your timeshare unit for free and get it out there to those who are interested in either renting or buying a timeshare of their own. Simply input your timeshare’s information once and Timeshare Marketplace takes care of the rest of the work.

What can a time share reseller do for You?

A reseller promises to modify or cancel your contractual obligation with the resort with which you have a time-share. The American Resort Development Association, an industry group, advises owners to be skeptical of such claims.

Is it safe to buy a time share?

AARP|Comments:0 En español| Buying a time-share has long been viewed as a risky proposition, fraught with high-pressure sales tactics and ripe for potential rip-offs. It also pays to be wary when someone offers to help you sell your part-time vacation property.

Are there any legitimate timeshare companies in Mexico?

Fidelity National Timeshare is a legitimate business, and purchasemytimeshare.com is piggy backing off their legitimacy to make themselves look like they are legitimate. They also claim to have 6 different addresses in Mexico. However all of them seem to be in high rise buildings or virtual office locations.

The scammer explains that the buyer is willing to reimburse the timeshare owner for the fee, but it must be paid by the owner. The fee ranges from $4,000 – $8,000. The terms the scammers use range from “Title Insurance Fee, International Capital Gains Taxes, Temporary Naturalization certificate, International Resort Transfer fee, etc.

Claim to have a corporate buyer for Mexican Timeshares. While their website does look someone more legitimate compared to the other scam operations we uncover, it is just another scam operation. Their website claims to have received more than $2.8 Billion in purchase and rental offers.

What to do if a timeshare company goes bankrupt?

Check responsibleexit.com, a website that is co-sponsored by ARDA, for consumer alerts about timeshare exit companies that have gone bankrupt. And report problems or complaints to the Federal Trade Commission, your state attorney general or the local Better Business Bureau.

How many timeshare frauds have been reported in UK?

Action Fraud has received 1,155 reports of timeshare “recovery scams” between January and July this year VICTIMS of timeshare fraud are being warned not to fall for a second scam, which has already seen Brits conned out of £7million in seven months.

What happens if I get tired of my timeshare?

Most timeshare contracts don’t allow “voluntary surrender.” That means if the owner gets tired of it or their heirs don’t want it, they can’t even give it back to the developer for free. Even if the timeshare is paid for, developers want to keep collecting that hefty annual maintenance fee.

What to do if you get a timeshare cold call?

Rule 1 – If you are cold-called about Timeshare put the ‘phone down. Do NOT speak to them. With everyone wanting out of Timeshare, the market is now awash with real and imaginary ‘ exit schemes’. The usual cold call, with a guarantee to get you out, they will send you full details of the buyer passport, name, address and telephone number.

What are the most common timeshare complaints?

The most common complaint is the promise of guaranteed rental income for timeshare weeks. Many clients are enticed into buying a timeshare, or buying a larger package than they need or can afford, because the salesperson presents the timeshare as a financial investment.

What is a timeshare company?

Definition A timeshare is a vacation property with shared ownership. A management company handles the construction and sells shares, which entitle buyers to spend a specified amount of time (usually one week per year) at the property. Some timeshares are large complexes with dozens of living units,…

What is a timeshare vacation?

Timeshare – or shared-vacation ownership – means you purchase a period of time, usually a week or more, in vacation accommodation based on a resort with of on-site amenities which could include a pool, bar, restaurant and more. Timeshare puts vacation ownership within the financial reach…

What is a timeshare USA?

A timeshare is a vacation property arrangement that lets you share the property cost with others in order to guarantee time at the property.

Are there any problems with the time share business?

This time-share has been a long-established problem to us and more than one company has offered to achieve this release, has insisted on payment in advance and has then walked away with our money. The time-share business is riddled with liars and thieves.

Are there any reputable solicitors for timeshares?

In fact, these scammers are anything but trustworthy or reputable. Often, they are not lawyers at all but are fraudsters asking for up to sums of £10,000 in upfront charges to help vulnerable people exit their unwanted timeshares.

Why do we need a timeshare Consumer Alliance?

This Consumer Alliance section is designed to highlight the direct experiences of consumers themselves and to enable them to band together to have their voices heard. Basis of applicable laws and means of detecting and avoiding timeshare scams and principles of data protection.

Are there any cases of Timeshare owners being scammed?

One such case of timeshare fraud, where the timeshare owner did not use an SRA solicitor was recently heard of in Newtownabbey in January 2019. This poor timeshare victim was scammed out of over £20,000 pounds.

Can a consumer walk away from a timeshare company?

In particular consumers should check the terms for exit with their timeshare company first, as many timeshare companies will allow the consumer to walk away from their agreement after paying a number of maintenance payments, and this will often cost substantially less than the fees the exit companies charge.

Can you invest in timeshare lodges in the UK?

Even whilst you are in the UK you may be approached by someone offering an ‘investment opportunity’ in relation to so-called UK based timeshare ‘lodges’.

This time-share has been a long-established problem to us and more than one company has offered to achieve this release, has insisted on payment in advance and has then walked away with our money. The time-share business is riddled with liars and thieves.

Can you send money back to a timeshare company?

Even if the resale company offers a money-back guarantee, don’t send them money sight unseen. Don’t agree to anything online or over the phone until you have the chance to investigate the reseller and request all information in writing.

Is it illegal to take money upfront for a timeshare sale?

It outlaws the practice of taking payments upfront and states that money should only be exchanged after a sale has taken place. The legislation means that any company or individual that takes money upfront can be prosecuted.

Even if the resale company offers a money-back guarantee, don’t send them money sight unseen. Don’t agree to anything online or over the phone until you have the chance to investigate the reseller and request all information in writing.

Can a secondary ownership group sell a timeshare?

Secondary Ownership Group offers full time sales agents who work one on one with our buyers and sellers, creating a “win” situation resulting in the sale of your timeshare, vacation club or RCI points.

What is timeshare resales?

Timeshare Resales. Timeshare resales are timeshares for sale by owners who no longer wish to use them. Timeshare resales are the secondary market for timeshares, and are typically priced 30-50% below the original developer or resort price.

Wyndham and other developers have filed lawsuits against timeshare exit firms, alleging false advertising and misleading claims. The owner of the timeshare exit firm that Roach paid money to told the BBB he was closing his companies down, according to the BBB.

A call out of the blue from a Company that you have never heard of states that you owe them £2,500. If you do not pay immediately by a card they will send Debt Collectors to your door. Whilst not uniquely targeting Timeshare owners, this scam is rapidly gaining in popularity. A holiday for £1? Easy?

Just remember that the real Consumers Timeshare Association NEVER cold calls anyone. You’re at a Timeshare presentation, not having signed for anything, when the salesman asks if he can just check your credit card to see that it’s OK.