Timeshare Owners: Beware of Scammers

The massive timeshare owners who wanted to resell their timeshare units have been the recent prey of scammers. It has been noted that the money collected from these poor timeshare victims amounted to thousands of dollars and it continues to increase day in and day out.

Complaints have continued to rise in the Better Business Bureau (BBB) and in the Attorney Generals’ of different states. The summary of those complaints reveal that a certain representative from a ‘legitimate’ timeshare resale company calls up the owner’s house and offers an array of fruitful benefits to get rid of their timeshares. Benefits include a quick and easy reselling of their timeshares through advertisements in whatever tools available. The representative, after executing his tactics, would then ask for the owner’s credit card number for a shipping payment of all the print materials that the representative will be sending to them. Since the owner is desperate to sell his timeshare, he would then succumb to the demands of the representative leaving the owner empty-handed when he finds out months later that the company has long evaporated or worst never existed.

An example of which happened in Missouri wherein a company named Property Experts Marketing got a hold of timeshare owners, Patricia Valdez and Art Heist’s money. The said company gathered thousands of dollars from them and that the said owners do not expect that they could take back their cash.

BBB has been eyeing these scam companies that also use a ghost address. They will undoubtedly give an address where the company is operating misleading those timeshare owners who already paid for their so called ‘services’. PEM revealed an address located in a building that has long been tarnished in downtown St. Louis.

Vermont also had its fare share of scammers though they were existing companies that were also desperate to collect upfront fees. Vermont has similar cases of timeshare consumers who complained about companies encouraging them to pay for fees that are not necessary and against the state and consumer’s laws. Although the company they referred to existed yet has an ‘F’ rating by the Better Business Bureau (BBB). Luckily, for the Vermont consumers, they were given an assurance that they will be paid back by Apex Professionals, Inc., a Nevada-based company that solicited huge amounts of money and encouraged the consumers to offset their payments with them.

BBB seriously tells consumers to be aware of the said scammers that continue to give a lot more hassles on your timeshares.