Timeshare popularity has risen over the years and its appeal has extended right across the world. Regrettably, this popularity has brought with it unscrupulous individuals who have managed to invent an assortment of schemes and scams to prey on innocent people.
Quite a few of these scams are conducted over the telephone. The scam artists manage to obtain a timeshare list of owners and start contacting them and pretending that they have acquired some information in relation to an interested buyer who would like to buy the property for a great price. When hearing the price, the owner is itching to close a deal. But, as these things always go, prior to transaction completion, the owner has to pay a specific sum for broker’s fees. Obviously, when the money is paid, the owner is left high and dry because the so-called buyer never turns up.
A deviation to this is when someone is informed they have won a holiday. But to get it they have to pay a sum of money and as is most often the case, once the money has been paid, news is received that the supposed company that offered the holiday has gone bankrupt.
Some scams do not leave people empty handed though. Some people are offered an attractive price for their present timeshare in exchange for buying another timeshare. When the sale of their timeshare doesn’t happen, they are left with two properties.
One particular case saw a person promised both his timeshares would be sold after buying another one. Needless to say, this sale never happened either and the person ended up with three timeshares!
This post is tagged disadvantages, Timeshares
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