Timeshare Scams Actively Targeting Owners

Those who decide they want to sell their timeshare often find it harder to sell than it was to purchase.

Scammers take advantage of them wanting out of their timeshare quickly by offering empty promises that ultimately leave owners worse off. Unfortunately, it can be challenging to determine who is trustworthy and who isn't.

Common Scams Used to Target Owners

Some companies will offer empty promises that can lead owners to lose thousands of dollars. Unsolicited callers, fake resale agents, and timeshare contract cancellation are a few scams to watch out for.

Unsolicited Callers Asking For Upfront Fees

This person might say they have a buyer waiting but need funds to close the sale. In this case, they may ask for transfer fees, taxes, international transaction fees, or other fictitious explanations.

Unsolicited calls are immediately a red flag because no legitimate timeshare company will ever call you “out of the blue.” It is illegal to reach out to you unsolicited.

Fake Timeshare Resale Agents

This timeshare scam is harder to avoid, but there are ways to proceed cautiously. Never pay up-front closing costs or “luxury taxes.”

How to Safely Get Out of Timeshares and Avoid Scams

The best way to avoid scams if you are trying to sell your timeshare is to contact your resort or developer first.

Most developers have in-house programs to refer owners to trustworthy resale companies, and some may even offer to take back the ownership from qualifying owners.

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