Timeshare resale fail

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If you’re thinking of selling a timeshare, the FTC cautions you to question resellers — real estate brokers and agents who specialize in reselling timeshares. They may claim that the market in your area is “hot” and that they’re overwhelmed with buyer requests. Some may even say that they have buyers ready to purchase your timeshare, or promise to sell your timeshare within a specific time. All they need is an upfront fee to get the ball rolling. Well, hold onto your money and read on.

Today, the FTC is charging the operators of a timeshare reselling scheme with bilking at least $15 million from timeshare owners by charging upfront fees of as much as $2,500 — or more — with promises they would rent or sell the properties. As time passed, the defendants would ask owners for more money, claiming the sale was about to take place and even characterizing the additional fees as closing costs. When the promises weren’t kept, consumer requests for refunds were routinely denied or ignored. Not anymore. At the FTC’s request, a federal court has temporarily halted the operation while the FTC seeks to permanently stop the illegal practices and get money back for consumers.   

If you own a timeshare, question any offers to help you resell it. Be skeptical of companies that:

  • claim the market in your area is “hot” and that they’re “overwhelmed” with buyer requests
  • say they have buyers ready to purchase your timeshare — or promise to sell your timeshare within a specific time        
  • guarantee you’ll get big returns on your resale
  • require you to pay fees upfront — even if there’s the promise of a “money-back guarantee”
  • don’t provide a contract — or provide a contract that doesn’t accurately reflect conversations you had                                                   

                                                                                                                                      Timeshare Resale Scams Infographic

For more information, see buying and selling a timeshare, or check out our infographic to see how timeshare resale scams typically work.  

Tagged with: scam, travel
Blog Topics: 
Homes & Mortgages


I have a similar story to most. Contracts and paper trail appear to be legitimate. Business license and broker license numbers check-out with the state of NY. They're requiring a RFC (tax ID #) to be obtained, Mexico state tax to be paid until my funds can be released. Very skeptical. Has anyone heard of Golden Asia Realty or Nations Capital Title Services??? Help please.

I am in the same boat, how did you make out?

"Getaway travelers Inc" is using "Escrow Holding Management" to offer 2 1/2 X what I paid 3 years ago for a time share ("Unlimited Vacation Club"). All looks very professional until they needed $4000 to get registered with Mexican government. I will be cancelling the contract after I have some fun stringing them along.

Has anyone heard of Twin Cities Brokerage? I believe they are scamming my grandpa. He is too trusting and just lost thousands.

The FTC has tips about selling a timeshare.

You can contact the state Attorney General and local consumer protection agencies in the state where the reseller is located. Ask if any there are complaints on file. Search online for complaints about the company, by typing the company name and the word "complaint" or "review."

Your grandfather can report the money lost to the FTC at FTC.gov/complaint. The information you provide will go into a secure database that the FTC and other law enforcement agencies use for investigations. He can also report to your Attorney General and to the Attorney General in the business' home state.

I am in the same boat, I would like to know how you ended up with this good or bad? Because I know they make you sign a contract and did they try to enforce it if you did not send money.


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