Initially the timeshare sales contract was intended to be a document whereby a willing consumer could purchase time at a vacation resort for enjoyment and relaxation. As time passed, however, more and more consumers realized their purchased timeshares held little to no value and the associated fees far outweighed any of the supposed benefits of.
The timeshare industry is changing. With the sudden flood of timeshare cancellation companies on the market, more and more unhappy timeshare owners are seeking ways to escape the financial burdens associated with vacation ownership. The rising dissatisfaction has led timeshare companies to revamp their industry. Not long ago, we wrote about the sudden resistance from.
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.