True Help when you Need it
The timeshare presentations are filled with half-truths and sales pitches that many consider to a scam in and of itself. Once the contract is signed, hidden fees emerge that owners cannot afford to pay, so the legal document upon which ownership is based is considered to be a timeshare scam. Finally, when owners decide they want to sell a timeshare, they learn the market is horribly depressed and there are very few buyers out there. Owners are lucky to sell a timeshare at half of its original value, making the “investment” theory perhaps the most blatant part of the entire timeshare scam process.
Without an ability to sell the timeshare, the financially desperate owners decide they need help in selling their timeshare. This part of the industry has so many scams it can be downright frightening. Timeshare resale scams plague the market in all areas of the country. Because owners are so desperate, they will give a large sum of money to a timeshare resale scam artist, who then takes the money and does nothing to help the owner sell their unwanted timeshare. So many of these companies are considered scams that it is perilous to even attempt to sell a timeshare at all. Furthermore, by attempting to sell, an owner is taking up precious time while still legally responsible for the ever-increasing fees involved in the contract.
If all of these timeshare scams weren’t enough, timeshare attorneys and other timeshare aid companies can be involved in scams as well. In recent days, there have been several reports of timeshare scams being conducted by individuals claiming to be timeshare lawyers and receiving money for posing as such, pretending to facilitate a timeshare transaction. Even legitimate timeshare attorneys are considered by some to be a scam, as they charge a massive amount of money for their services, which many experts claim to be unnecessary. With the seemingly endless amount of timeshare scams in the industry, it is no wonder why owners can often feel alone and powerless. The question is not how one can tell if a company is a timeshare scam, it becomes how can one find a company that is not a timeshare scam?
Verifiable Claims, Accurate Information, Client Options
Furthermore, companies that provide real, accurate information are much less likely to be timeshare scams. Beware of businesses that claim they can sell your timeshare with ease, because this is simply not possible. Selling a timeshare is a very difficult process, and a company that is providing services in the interest of their clients will tell them the truth.
Finally, a contract should help both the consumer and company, and there should be specific clauses that protect you if things go sour. This consumer protection indicator is a great sign that the company is not a timeshare scam. If a business is really looking out for you enough to tell the truth and offer you options, you can be assured this is not a timeshare scam, even if a company like this is rare and difficult to find.