Timeshares are notoriously difficult to resell, even at a substantial loss. As more people try to get out of unwanted timeshares, criminals are targeting owners with direct mailings, telemarketing, and offers of free lunches and dinners. The scammers claim they can get timeshare owners out of their obligations for an up-front fee, sometimes as much as $25,000.00. The thieves especially target people in their 70s and 80s who are desperate to unload timeshares with ever-increasing annual maintenance fees. The companies claim to offer money-back satisfaction guarantees, but the scammers simply keep the money. If you have an unwanted timeshare, be very wary that you are being scammed. Instead, talk to the report/management company or timeshare developer directly about a surrender program or a deed back program.
By Feldman Law