We’ve spent years warning consumers of the dangers of timeshare resale scams. Now, a new dangerous trend targeting desperate timeshare owners is on the rise. The timeshare industry is a multi-billion-dollar enterprise on the forefront of constant change and adaptation. Each timeshare purchase contract is a source of lifelong revenue for a resort, and is.
We often hear of disgruntled timeshare owners with buyer’s remorse trying to cancel their timeshare, but what about those owners who enjoyed the benefits of timeshare ownership but whose circumstances have drastically changed? It is true that for many people, a timeshare can be an expensive burden that is impossible to sell, transfer, or even.
A few months ago, three more timeshare resale fraudsters were sentenced for their role in a multimillion dollar timeshare scam. The three defendants: Jeffrey Sawyer, 53, of Mullica Hill, New Jersey; Vincent Giordano, 31, of Atlantic County, New Jersey; and Aimee Allen, 30, of Myrtle Beach, South Carolina; each plead guilty to one county of.
A few years ago, the idea of donating unwanted timeshares took the world by storm—offering victims of the timeshare trap an alternative to ever-escalating maintenance fees and liabilities. Donating an unwanted timeshare seemed like the perfect solution to escape the timeshare burden AND recoup a tax benefit at the same time. Unfortunately, what appeared too.
For those stuck in the timeshare trap, the question remains, is it better to sell a timeshare or cancel it? Owners succumb to the high pressure sales of resort presentations and purchase what they believe will be an investment. The truth is, however, that because of the high annual fees associated with vacation ownership, most.
Recent headlines have been flooded with news of scam artists involved in fraudulent timeshare resale scams. The good news is that in these cases, the schemes were uncovered and future victims saved millions of dollars. Last month, six Las Vegas residents were indicted in a timeshare scam involving at least 15 elderly victims. Several weeks.
Timeshares have always been a source for fraud and victimization. As consumer cautions have grown, scammers continue to develop new means of deceit. Now, scammers target those victims that are trying to get out of their timeshares. Many of these victims are people who bought a timeshare unaware of the extra costs and fees associated.
Timeshare Attorneys — TheAbramsFirm.com Be Careful Selling a Timeshare Beware of Timeshare Fraud: Many consumers have been victimized by timeshare scams, especially prevalent in the aftermarket. Whether you own a timeshare club (timeshare membership interest) or a deeded timeshare, false and deceptive statements are used to try to trick consumers. A good resource for timeshare.
Timeshare – TRANSFER FRAUD – “the Death of the Timeshare Transfer Model?” Getting Out of a Timeshare: Doing it with legal experts for assistance, as opposed to a non-lawyer service using a “shell” company to embroil you in a timeshare fraud scam. Buying into a timeshare in the first place is something you need.
Less than two weeks ago, United States Attorneys in Fordia convicted two individuals for conspiracy and fraud in connection with a timeshare resale telemarketing scheme. 41 defendants in total were charged with the scheme, working under the name Timeshare Mega Media and Marketing Group Inc. The scheme involved calling timeshare owners under an assumed name.