Timeshare Resale May be a Fraud

Timeshare owners who are desperate to get rid of their properties are increasingly becoming targets of scammers that not only promise to get them out of their Timeshare contracts; but offer empty promises of a financial profit. In these tough economic times, cash-strapped consumers are falling prey to fast talking telemarketers with pushy sales pitches and a quick sale guarantee. Timeshare owners are receiving telephone calls from timeshare marketing companies claiming to have a buyer for their timeshare. The owner is told that up-front fees, which can range anywhere from $200 to $8,000 are needed to cover sales-related costs for processing fees and title searches. Unfortunately, some timeshare owners have not only lost thousands and thousands of dollars to scammers; but also discovered that the timeshare they thought had been sold still belonged to them, along with a bill for late maintenance fees. With vacation and travel plans heating up, Sheriff Hall warns residents to be very careful when booking Timeshare units for rent over the Internet. Some ads are promising luxury get-a-ways for next to nothing. Research, research, research and remember that if a deal sounds too good to be true, it most likely is not true. Click here for tips for prevention.