"We don't just write letters, we take legal action!"

Timeshare Scams

From the California Attorney General

Timeshares might seem like a good deal, but beware. Timeshares often have large fees in addition to the purchase price. Some fees, such as maintenance fees, can rise each year without a limit, so the timeshare can quickly become unaffordable. Also, double check any promises a salesperson makes and make sure important terms are in writing in the contract. Salespeople may lie and pressure you to buy because they can make a very large commission from the sale. Ask lots of questions and do your research to see what others have to say about the timeshare company or resort.

If you want to buy a timeshare, consider buying on the secondary market. Timeshares often lose a lot of their value after they are first sold, and many timeshare owners need to sell their timeshare because the fees are too high or they no longer want them. It can be hard for owners to sell timeshares, so significant discounts may be available. Thus, you may be able to find better deals on the secondary market, but understand that you also may have difficulty selling it later if you need to. If you purchase or take over a timeshare, be sure you understand all the costs and fees associated with it, and read the contract carefully so you know what you are agreeing to.

Timeshare Resale Scams

Timeshare buyers often regret their purchase and try to sell them. Beware of scams by timeshare resellers who offer to help you sell your timeshare.

Here are some things to keep in mind:

Don’t pay any fees upfront even if the company promises a “money-back guarantee.” The reseller’s fees should come out of the proceeds after a sale is complete.

Make sure to get everything in writing. Be sure to get a written contract that accurately reflects the promises that have been made to you.

Be wary of resellers that tell you they have buyers “on the line” or “in their office” ready to buy your timeshare. It’s likely a lie to pressure you to commit on the spot.

Do your homework. Even companies with celebrity endorsements and Better Business Bureau accreditation might try to sell you something that you will regret. Again, don’t pay any fees upfront even with a “money-back guarantee.”

Timeshare Recovery Scams

Timeshare recovery scams re-victimize people who were already defrauded in a resale scam. Victims are promised assistance in getting back the money they lost from a resale scam, or told a restitution award from a fund designated for victims of timeshare resale fraud is waiting for them … for a fee. As with the timeshare resale scam, never pay any upfront fees and do your homework to determine whether the offer is legitimate.

Additional Resources and Complaints

The Federal Trade Commission (FTC) provides helpful information on Timeshares, including an infographic on Timeshare Resale Scams. Consumer Reports also provides helpful information on identifying the warning signs of timeshare resale scams.

Timeshare Recovery Scams

Reprinted from the website of the California Attorney General.
California Attorney General

The Proven Exit Service
For Timeshare Owners
With over 40+ years of experience, our law firm has a proven track record of helping distressed owners who have been the victim of fraud and misrepresentation.
Take advantage of our timeshare attorney evaluation so you can make an educated decision about rescinding or returning your timeshare property.

Our Team
Timeshare exit legal team

For a free consultation and evaluation of your timeshare, call 800-233-8521 or click here to see if you can be released from your timeshare.

More Blog Articles:

Can I Get Out of My Timeshare?
In today's current economic climate with many homeowners losing their home to foreclosure, short sale or simply "walking away" they are finding that they are burdened by their timeshare... [more]

The Future or Timeshares Today I'm going to discuss certain aspects of today's timeshare industry and the future of timeshares tomorrow... [more]

History of Timeshares The term "timeshare" also known as holiday home sharing, was originally coined in England in the early 1960s... [more]

Lawsuit Tries to Stifle Timeshare Attorney A company that helps people exit timeshares urged a Florida federal court Monday to release it from litigation alleging that it interferes with contracts... [more]

List of Timeshare Companies and Vacation Clubs A founding pioneer in the consumer protection field of timeshare relief, cancellation and exit... [more]

Should you get a timeshare? Some vacation enthusiasts love their timeshare and use them often, but many timeshare owners will sell you their timeshare for a penny... [more]

Timeshare Bandits How police brought down one shady timeshare operation. 2 years after Nancy bought the timeshare condo she wanted to get rid of it... [more]

Timeshare Attorney Offers Tips Renown timeshare attorney Mitchell Reed Sussman is providing a guide to timeshare exit for owners stricken by COVID-19... [more]

Trouble in Timeshare Paradise Learn how to avoid common and costly pitfalls. And find out why timeshare "resale" companies may be nothing more than scams... [more]

Types of Timeshares A major difference in types of timeshare vacation ownership is between deeded and right to use timeshare contracts... [more]

Ways to be Relieved of Your Timeshare Timeshare Legal Action shows timeshare owners the many ways to Cancel your timeshare obligations... [more]

Back to top Timeshare Legal Action - Facebook Timeshare Legal Action - YouTube Timeshare Legal Action - LinkedIn Timeshare Legal Action - Twitter

Copyright © 2021 TimeshareLegalAction.com - Proven Timeshare Attorneys - All Rights Reserved.
Privacy Policy | Sitemap | Timeshare Legal Action

No attorney-client relationship. The Law Office of Mitchell Sussman maintains this website exclusively for informational purposes. Viewing this site, using information from it, or communicating with The Law Office of Mitchell Sussman through this site by email does not create an attorney-client relationship between you The Law Office of Mitchell Sussman.

Nonreliance. Online readers should not act or decline to act, based on content from this site, without first consulting an attorney or other appropriate professional. Because the law changes constantly, this website's content may not indicate the current state of the law. Nothing on this site predicts or guarantees future results.
Home | Cancel your Timeshare | Proof of Performance | Bluegreen Cancellation Lawsuit | Diamond Cancellation Lawsuit | GeoHoliday Cancellation Lawsuit | Sunset Group Cancellation Lawsuit | Can I Get Out of My Timeshare? | Timeshare Bandits | The Future or Timeshares | History of the Timeshare | List of Timeshare Companies and Vacation Clubs | Ways to Cancel Your Timeshare | Should you get a timeshare? | Lawsuit Tries to Stifle Timeshare Attorney | Timeshare Resale Scams | Trouble in Timeshare Paradise | Types of Timeshares