Common Timeshare Scams

There are many different versions of timeshare scams that have been robbing innocent and trusting owners of their hard-earned money. The best way to protect yourself is to be educated about these fraudulent practices so you know when things aren't legit. One of the oldest scams in the resale business is making a return. Essentially, the owner receives a "cold call" from "Jim" who states that he has a buyer for the owner's timeshare at a slightly lower amount than the asking price. The owner agrees to sell through Jim. A few days later Jim calls saying a fee is due to cover "advertising" costs, and that "state regulations" require that the owner record a statement saying that the money to be paid is for advertising only. Months of ensuing excuses by Jim about why the sale isn't finalized result in the owner being told there is no buyer, a reminder that the money paid was for "advertising", and a quick exit by Jim