Resale Schemes

Never - Ever pay money up front to a company that promises to advertise or sell your timeshare. These companies make their living collecting up-front money, not selling timeshares.

Any "honest" resale company that is successful at re-selling timeshares should be happy to take their commissions out of the proceeds of the sale.

One company,"Timeshare Resales Worldwide®", alleges to be just such a company. We have no experience with this company so we cannot endorse them, but it is worth a look.

More Information:

Resale Schemes are an International Problem [Read this]

[And This] What to watch for...

Tahiti Village
Consolidated Resorts
Soleil LLC Tahiti Village
Time Share Scam Artists

NAM is getting complaints about these timeshare marketeers.

 

The complaints state that they use misleading/false statements and high-pressure tactics to lure victims to sales meetings, misrepresent the character of agreements that are offered, and fail to fulfil promises made at the time of the sale:

• “Not only did the sales people use common sleezy high pressure sales tactics; they became rude and insulting towards me personally when I stood my ground. Beware; they will attempt to turn a couple against each other in order to get their sale -and believe me, getting that sale is all they care about...
  
    Something to think about; if timeshares are such a great deal -why do the sales people push so hard? If it’s such a great deal there should be plenty of people willing to buy, and high-pressure sales tactics would not be needed...”

• We were told we had flexibility regarding our weeks and we do not. We were offered free vacations that do not exist. We are being charged continuous amounts of fees for things we were never told we would have to pay. They raise HOA’s without informing us they’re being raised. They misrepresented the timeshare.

Are the promised incentives not available?

Are they telling you that this is an ‘investment’? Timeshares do not appreciate!

Are there any hidden Fees?

Do they demand that you sign a contract immediately?

These are tip-offs that you are in the presence of a scam artist. If they are really on the level they will encourage you to check them out.

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TIMESHARE — Scam Report

Complaint from one of our members in Texas:

Offending Company: American Time Share Marketing, LLC (“ATM”)

1104 S. Powerline Road
Pompano Beach, FL 33069
888-500-5005

Complaint Description: Timeshare resale.

March 2008 - Will ask for big $$ to list your property in their inventory; High-pressure, promises to sell and get top dollar. If/when you follow-up, you will hear “showing your property now” and then get the news it has an offer on it BUT you have to pay more money to go to closing, a “marketing fee” or something like that. Other/similar examples with same company can be found at http://www.RipoffReport.com.

What I Have Done:

• Did not pay the additional marketing fee.

• Notified the BBB, FTC, and credit card company.

• Sent copy of info to ATM to indicate current status of communication with credit card.

• Requested refund of original listing fee.

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Timeshare Resale
“NO UP-FRONT FEE”

December 2007 - NAM has been contacted by several campground and timeshare resale organizations that promise that they will take their fee out of the proceeds of a completed sale — “No Up-front Fee”!

This is a refreshing new trend that we think is the beginning of the end for the rip-off schemes of the past. Those schemes were devised to extract money from hopeful sellers with little or no effort to actually sell the memberships.

Here is the latest addition to our list of sales organizations
that have pledged to take their fee from the proceeds of the completed sale”

Andreas Rossler, Managing Broker
contact info: (818) 510-4581
Timeshare Village (866)-712-2742
Tujunga, CA 91042

[Here is the current list of resellers who have made a similar pledge. ]

If you have reason to believe that any of these resellers are not on the up-and-up please send us a letter, email, or telephone call and we will investigate and update our list.

Dan Hopper, NAM

Timeshare Resale Schemes AGAIN!

September 2007 - We believe that any company that charges a fee prior to the actual resale of a timeshare is inexperienced, incompetent, or just plain crooked! So far – many complaints we have received about bogus guarantees to sell, failures to sell after collecting an ‘up-front’ fee, etc. have proven this opinion to be true.

Consumer Protection offices in Florida, California, Minnesota, Ohio, New York, and other states have extensive files of complaints about this kind of scheme.

Why would anyone pay such a fee when there are so many companies that will try to sell your timeshare with NO UP-FRONT FEE!

[ LINK TO OUR LIST ]

There may be other web sites with similar information. We have no experience with this one or any of the others so we cannot endorse them.

[NOTE - let us know if you have a bad experience with a timeshare reseller that misleads you about their fees and we will expose them on this site and in our newsletter]

If you don’t have a computer send us a size #10 SASE and we’ll promptly send you a list of some of the ones we’ve found. There is no fee for this or any other help we can provide, but any donation is appreciated.

So you still want to sell your timeshare?

Required Reading for Timeshare Sellers

The following web links should be required reading prior to your efforts to sell it. :

• Florida Attorney General Concerns about Timeshare Resales.
• Cold Hard Facts about Selling Your Timeshare.
• The timeshare trap.

If you are not at your computer go to the nearest library and ask the librarian to help you look at these web site on their public computer. There is usually no charge for this service at most libraries.

Bottom Line:

• More sellers than buyers

• Timeshares do NOT increase in value

If you insist on giving your money away - up front - there are many scam artists willing to take it; there are also honest brokers willing to try to sell it for you if your expectations are realistic.