Look Out For The Signs of Timeshare Fraud

1. Look Out For The Signs of Timeshare Fraud

2. Every year many desperate Timeshare owners look for quick ways to get rid of their contract. In the process they fall prey to resale scammers who offer to resell their ownership for thousands of dollars. Here are some of the most common warning signs to look out for to avoid falling in the timeshare fraud trap

3. The Timeshare Resale Scam

4. Often a resale company will first contact you making claims that they have enough buyers or that your property is worth a lot of value. In these cases, always check the company reviews and complaints online, research them with the Attorney General in your state. A resale scammer will often request for registration fees, maintenance fees or closing costs upfront. They will ask that the money be paid through a wire transfer or via credit card and all before a contract has been signed. Don’t make any payments unless you have thoroughly investigated the company and you have the paperwork containing all the services, fees and instructions. 

5. Since Timeshares usually have little resale value on the secondary market, resale companies will convince sellers to cover the transfer and closing fees. Every so often, after you have made all the necessary payments, you will stop hearing from the resale company and you’ll realize that you will never get your money back.The timeshare industry is fraught with timeshare fraudand cyber fraud. People are often conned into buying timeshares that don’t really exist or have illegal clauses and these aren’t just restricted to timeshare presentations but also on online schemes. Professional looking websites hide in plain sight and trick unsuspecting customers who are ignorant, unaware and vulnerable.

6. Free Bonus Timeshare Weeks Scam

7. A very common timeshare scam is the lure of a ‘bonus’ timeshare week or unlimited availability in a particular resort. While the offer may sound good, the underlying motive is to entice you and hard-sell a product. The gruesome presentation lasts for several hours and is strategically crafted so as to wear down the customer with information and persuasion so that they finally give in. During this bonus timeshare presentation you will be requested to hand over some money which should not be done.

8. This payment is illegal and there is no way you will be able to get it back once the card details have been given out. For those who already own timeshares, these companies will coax you into buying offers and schemes related to holiday products such as a ‘reclaim scheme, investment scheme or a cash back scheme. They may also offer a holiday membership or a discounted travel membership club. These investment schemes work at making consumers lose their money and then vanishing into thin air.

9. If you have ever been a victim of timeshare fraudor scams, it’s important to remember that time is of the essence. The longer you wait to get justice, the less likely you are to gain back your losses. Get in touch with expert timeshare legal experts and they will help you on this timeshare journey.

10. Reach Out To Us Company: US Consumer Attorneys Address: 1300 N. Johnson Ave, Suite 107, El Cajon, CA 92020 Website: https://usconsumerattorneys.com/