timeshare resale companies under investigation

The company requires upfront fees for their services, but they never sell the property. No one can accurately determine a specific length of time within which your property will sell. PDF Timeshares and Resale Companies - Wisconsin MORE FROM THE FRAUD WATCH NETWORK AARP Fraud Watch Network Privacy Policy CA Privacy Policy | Accessibility Policy | Do Not Sell My Personal Information | Terms & Conditions. You can contact the SECs Office of Investor Education and Advocacy (OIEA) by phone at 1-800-732-0330, using this online form, or via email atHelp@SEC.gov. Developers were in the area, Properties were being purchased nearby, and Closings were already scheduled. Those lines and many others were reportedly used to hook unsuspecting owners into listing their land in property portfolios. Professional Services . Some victims reported that sales reps pressured them into a quick decision by claiming there was a buyer waiting in the wings, either on the other line or in the office. Receive Investor Alerts and Bulletins from OIEA byemailorRSS feed. Be cautious of companies that use high-pressure sales tactics, require upfront fees, or make false promises. And unlike general auction sites like Ebay, we focus on one thing: selling timeshares. Timeshare resale companies under investigation are under investigation for a reason so hang up the phone and don't become a victim! But fast sales for large money required a more dynamic and deceptive approach to resale advertising, one that included the use of fictitious marketing channels and money back guarantees. Get FBI email alerts As a trusted member of The American Resort Development Association (ARDA), the company is backed by top developers and has an A+ rating with the Better Business Bureau. This website uses cookies to ensure that you get the best experience on our website. SellMyTimeshareNOW.com is an active timeshare resale marketplace and the best place to sell a timeshare. Office of Investor Education and Advocacy, Be suspicious of any uninvited offers regarding your timeshare, particularly those that seem too good to be true.. The lists of prospective clients came from other timeshare resale companies, including some that appeared to have been stolen . The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. When a seller and a buyer come to a purchase agreement, the resort at which the timeshare is located has the legal right to purchase the timeshare for the agreed amount. There are so many resale companies out there, as well as lawyers or businesses that they will cancel your ownership. Fake debt collection on supposedly unpaid timeshare fees isalso a common ruse used on unsuspecting owners. For-sale-by-owner advertising is one of the most convenient and cost-effective ways to sell your timeshare fast. Yes! Timeshare Resale - RDO Transitions is here to help you navigate travel options and changes in your finances. On-going investigation. Are Timeshare Stocks A Ticking Time Bomb? | Seeking Alpha Beware of Fraudsters Last October, after a joint FBI-Ft. Lauderdale Police Department investigation, 13 individuals from a Florida timeshare resale company were charged in federal court in. To learn more, please view our privacy policy. Some say their timeshare became unaffordable after several years of ownership due to increased fees. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. ) or https:// means youve safely connected to the .gov website. FBI and OIEA Warn Public that Fraudsters are Targeting Owners of The Timeshare Resale Business [UNDER INVESTIGATION] We found the representative extremely helpful and professional. Google DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads and according to the user profile. They go by several different company names. Assistant U.S. Attorney Matthew G. Morris prosecuted the case. A Maryland woman told BBB years of previously undisclosed maintenance fees and better vacation options led her family to want to sell their timeshare. But some skilled sellers continue to talk buyers into unfavorable deals that often worsen when desperate investors try to offload purchases through the timeshare exit industry. I would be happy to recommend Sell My Timeshare NOW to anyone looking for a competent, reliable company to sell their timeshare and handle all documentation with a positive and friendly attitude! The Many Ways to Be Relieved of Your Timeshare Obligations There is a lot of misinformation and confusion about the timeshare resale market and exit process due to increasing fraud by marketing firms soliciting owners and consumers with false advertisements to help end their timeshare contracts. There are deals to be found on travel, but scammers know consumers want to save money and take advantage. "The creditor doesn't care that you bought a timeshare," Rogers says. You can also call the coalition's consumer support line at 855-939-1515. Do Not Sell or Share My Personal Information. all fees upfront until services are rendered. Home | How It Works | Our Team | FAQs | Reviews | Contact | Blog, Timeshare Defense Attorneys 2021 All Rights Reserved Privacy Policy Terms of Use.

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