The public understands the nature of timeshare scams and their reputation throughout the industry. The problem is that timeshare salesmen make the idea of timeshares sound so spectacular, which is of course the major component of the scam.
A recent development in the world of timeshare scams is selling timeshares on Ebay. Many consumers are tricked into timeshare ownership because the price on Ebay is listed as one dollar. Of course, to those who know how timeshare scams work, the idea is simple: unload a timeshare property for one dollar to an unsuspecting victim, who has no idea how burdensome timeshare contracts can be.
Often, these Ebay timeshare scam artists buy the timeshare from an owner who needs to break the contract, and quickly turns around and sells the timeshare property for a profit. Subsequently, the new owner has no idea how hidden fees, annual payments, and maintenance costs can turn their lives into a financial nightmare. The new Ebay timeshare scam proves, once again, that if something sounds too good to be true, it probably is.