Timeshare Resale Scams being a No. 1 Fraud is Affecting a lot of Owner’s looking for Relief?

Timeshare resale scams turned out to be the number one fraud that was reported to the state attorney general’s office in the US. Timeshare owners who seek for timeshare relief are greatly affected with this situation. About 18 months ago, the attorney general’s office first noticed timeshare scam complaints to surge.

A lot of consumers already fell as victims of these scams, losing hundreds or thousands of money. This is because owners have been giving out money collected as fees by the resellers. These owners have been called up and convinced that prospective buyers are willing to buy their timeshares. The selling process can just be started as soon as owners start paying such listing or appraisal fees. Only to find out that in the end, there was no actual selling that happened but just a scammer pocketing the owner’s money.

Knowing that a reseller is having the intention to do a resale scam is simple. Resellers would just contact you even though the timeshare is not posted in the market and would ask for certain fees with a promise to be able to sell the property in no time.

Until now, this has remained to be a threat to owners. Authorities find it hard to track down or identify these scammers as they are like fly by night people. So rescale scams continue to have an increasing rate of offense against the law.

It’s just up to these owners to be watchful for these scams if they need to remain patronizing resale companies because of the desire to get rid of their timeshares.