Purchase Offers From Timeshare Resale Companies

ByJ. GonzalezArticle Word Count: 671[View Summary]Comments (0)

Are they legitimate or just another timeshare scam?

If a timeshare owner is unhappy with their timeshare, they may assume that the best way to get rid of it is to resell it. Many timeshare owners are referred to rental and resale companies by the resorts where they purchased a timeshare. Unfortunately, the secondary timeshare resale market offers very little value for the membership and many possibilities to get scammed again by fraudulent resale agencies that work in tandem with the resorts, or prey on people who have already been scammed by the timeshare industry.

A common timeshare scam is for the resale agent to contact the client and say that they have a confirmed buyer for the client's timeshare membership. The purchase offer will include an attractive purchase price and various terms that the client is required to agree to in order to process the sale. One of the terms will typically be for the client to ensure that all monthly payments and maintenance fees are paid up to date with their resort. This is one way for the resorts to ensure that unhappy clients are not delinquent in their timeshare fees.

Another term in the purchase offer that the resale agent provides is that if the client pays the maintenance fee, but the week is available for the purchaser, the amount paid for the maintenance fee is added on to the price for the purchaser. The scam in this scenario is that the resale agent does not say what happens if the sale falls through. In reality, the sales are typically not processed, and the client has paid an additional maintenance fee and likely waited so long for information about the sale that they also lost the use of the week for that particular year.

The resale agent will then ask the client to send a copy of their certificate of membership to verify the ownership. Once the ownership is verified, the resale agent will send a Transfer Form which outlines the resale agency's fees to process the transfer. The scam is that the client is required to pay the transfer fee before the completion of the sale. In legitimate real estate transactions, the fees to the agent are paid at the end from the profits that the client receives from the purchaser. Once the transfer fee has been paid, the client has no recourse to try to recover the money from the resale agent should the sale not actually go through.

The resale agents claim to keep the purchaser's money in an escrow account until the sale is completed. In reality, escrow accounts do not exist in Mexico. This fraudulent statement is made to try to instill confidence in the client by using a process that is common in the United States. In reality, the resale agents scam clients by having them pay their timeshare maintenance and monthly fees owed, as well as the transfer fees, and then they will stop replying to the client regarding the sale. The transfer will never go through, an escrow account will never be set up, and the purchaser is fictional.

Selling timeshares is very difficult, particularly timeshares with resorts that are renowned for scamming clients. The problem resorts sell many timeshares because they have high-pressured sales pitches and don't allow clients to have any time to research their purchase. On the secondary resale market, buyers are more aware because they have the time to research the company they are interested in owning a timeshare with, and they have many purchase options available to choose from, most at bargain prices. The valuations and purchase offers that the resales agents make to sellers are unrealistic and prey on people who want to recover some or all of their lost investment in their disappointing timeshare plan.

If you have a timeshare that you no longer need or want, and were sold it based on fraudulent promises, you should consider cancelling your contract as a more viable option to selling it on the resale market.

At Gonzalez & Gonzalez Timeshare Solutions we help clients to avoid getting scammed by the thousands of fraudulent resale agencies, and help to cancel their deceptive timeshare contracts. We never charge upfront fees, so you can be sure that you can get rid of your timeshare contract with no risk to your financial health.

Jose Gonzalez
888 275 35 95
info@timesharescam.com
http://www.timesharescam.com

Article Source:http://EzineArticles.com/?expert=J._GonzalezCloseMLA Style Citation:

Gonzalez, J.".".22 Jun. 2010EzineArticles.com.27 Jun. 2010 .APA Style Citation:
Gonzalez, J. (2010, June 22). . Retrieved June 27, 2010, from http://ezinearticles.com/?Purchase-­Offers-­From-­Timeshare-­Resale-­Companies&id=4530325Chicago Style Citation:
Gonzalez, J. "." EzineArticles.com. http://ezinearticles.com/?Purchase-­Offers-­From-­Timeshare-­Resale-­Companies&id=4530325CloseRecommend This ArticleFrom:To:Message:
Send

Other Recent EzineArticles from the Travel-and-Leisure:Timeshare Category:

Timeshares For Sale - The Vacation RevolutionTimeshare Stores - Saving YOU TimeFinding Quality Timeshares For SaleThe Beauty of Timeshare ResalesThe Novelty of a Timeshare StorePart-Time Vacation Possession - Benefits and DisadvantagesYour Timeshare Salesperson - Friend, Foe Or PhantomTimeshare For Sale by Owner - What to Do When You Must Get Rid of Your Timeshare FastGet Rid of Your Timeshare Fast - Here's How to Get Top Dollar For Your TimesharePROFECO - Mexico's Consumer Protection AgencyCan the Timeshare Developer Charge You a Special Assessment?Learn How to Sell a Timeshare Quickly and Recover Your InvestmentHow Do I Find Buyers For My Timeshare? How to Really Sell My Timeshare Fast?How to Increase Your Chances of Success When Selling Your Timeshare - Here's How to Get Rid of YoursGet Rid of Your Timeshare - How to Sell Your Timeshare Without the Pressure of Upfront Fees

Most Viewed EzineArticles in the Travel-and-Leisure:Timeshare Category (60 days)

Learn How to Sell a Timeshare Quickly and Recover Your InvestmentAre Timeshares Worth the Cost?How to Get Out of a Timeshare ContractReal Cost of Owning a TimesharePros and Cons of Timeshare ResalesTop 6 Reasons to Stop Your TimeshareStay Away From Upfront Fees in Timeshare DealsWhen Can You Request a Timeshare Cancellation?How to Exchange Your RCI Timeshare to the 5 Best Resorts in Los CabosBest Way to Sell Timeshare - Read This to Sell Your Timeshare Fast Without Paying Any FeesTips in Buying TimesharesInvesting in a Timeshare or Travel Club Membership is a Lifetime DecisionHow Do Timeshares Work?Timeshare Tours - Is it Worth It?What Are Disney Timeshare Rentals?

Most Published EzineArticles in the Travel-and-Leisure:Timeshare Category (60 days)

Sell Timeshares - Here's How to Sell a Timeshare FastHow to Exchange Your RCI Timeshare to the 5 Best Resorts in Los CabosWhat is a Timeshare Vacation Exchange Program?How to File a Timeshare ComplaintWhat Are Disney Timeshare Rentals?Real Cost of Owning a TimeshareHow to Rent Your TimeshareThe Timeshare AssociationsTips to Sell Your Timeshare FastTop 6 Reasons to Stop Your TimeshareTips in Buying TimesharesSelling Timeshare - Here's How to Sell Your Timeshare Fast Without FeesTips to Sell Your Timeshare For Cash Fast - The Most Effective Ways of Selling Your TimeshareHow to Sell My Timeshare? - Learn How to Get Rid of Your Timeshare and Get Top Dollars For ItYour Timeshare Salesperson - Friend, Foe Or Phantom

This article has been viewed 5 time(s).
Article Submitted On: June 22, 2010

© EzineArticles.com - All Rights Reserved Worldwide.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.