How to NOT get scammed in the Timeshare Resale Market
My own story of getting scamed.
I am one of the top timeshare attorney’s in the country and familiar with the deception of the conartists. Still, I too recently became the victim of one of their scams. The news came by phone. Two unrelated owners called to tell me that they had each just lost $2,000 to a guy named Michael Ross. Apparently, Ross posed as one of my employees and called the owners to solicit their business. Playing on the established reputation of my company, he convinced them to send bogus and unsecured closing fees. Since my company is based in Bozeman Montana, he usd a magic jack phone to match the area code. Click here to see what these owners could have done to protect themselves against timeshare scams. Ross is still at large, and this is just one of many scams out there.
Plagued with fraud and deception, the timeshare resale market is one of the most treacherous business environments in the country. In fact, the Better Business Bureau just released their 2010 complaint statistics this January saying that timeshare resellers are now one of the top ten scams in the US. Click here to see a typical example of a timeshare listing company scam.
Currently about one million timeshare owners across the country are looking to get rid of their properties. With so many sellers, and so few buyers, owners often pay “rescue” companies thousands of dollars just to take their timeshares. While this may seem like a good deal to owners desperate to get out from under the burden of maintenance fees and other obligations, this is far from the best choice. Click here to see a typical example of a rescue company.