A Breakthrough In Bringing Timeshare Scams To Justice
Florida Governor Rick Scott held a prominent ceremony to celebrate a stance against timeshare resale scams, and many ecstatic timeshare owners were in attendance. The American Resort Development Association (ARDA) has applauded the move against all those who seek profit by taking advantage of timeshare owners who have been scammed once, and should never be again.
The timeshare resale business is a bloated industry that has ironically become an entity that preys on the very consumers that they were formed to protect. Many timeshare owners want to sell or get out of their timeshare, and this industry was formed to help them overcome the titanic timeshare businesses and resorts that have placed them in a financial prison. However, deceitful scams have emerged that take advantage of this desperation and make bold claims and grand promises to this effect. This, in turn, allows them to make massive profits from already suffering timeshare owners while offering no actual help in return. It is a dastardly timeshare scam that has become much too prevalent.
The Timeshare Resale Accountability Act forces these companies to be much more transparent, drastically reducing the ability of these timeshare scams to surface. A few of these stipulations include the right for timeshare owners to get out of resale contracts, forces resalers to disclose all terms and conditions explicitly, and enforces harsh punishments upon any resale company that has engaged in underhanded tactics. This greatly boosts the ability of timeshare owners to recognize they are being scammed while discouraging any potential scammers from attempting to make a profit from the misery of those lured into timeshare contracts. June 25th, 2012 was a great day for Florida, and a devastating one for timeshare scams.