Federal Bureau of Investigation Taking Active Steps Against Timeshare Fraud
Because the economy has taken such a drastically negative turn in recent years, timeshare owners who were once thriving and able to afford the many fees associated with timeshare ownership can no longer afford to pay. Because of the increased number of owners trying to sell timeshares, resale scams have soared, especially in recent months in the state of florida. Many struggling timeshare owners are trying to sell in order to get out of their timeshare contracts, and this is where the timeshare resale scams come in to play.
Drastic Increase in Consumer Complaints of Resale Scams
Promising a quick sale, (typically between 60-90 days) these scammers received large sums of money and no sales were made. The biggest red flag is asking for an upfront fee while claiming a decision needs to be made quickly. Owners looking to sell a timeshare should always be aware of the dangers associated with providing credit card information to those claiming they can facilitate a timeshare sale.