Tag Archives: timeshare scam

Investing in a Timeshare? Financial Risks and Warnings

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Financial Risks And Warning For Investing In A Timeshare

If you own a timeshare or are thinking about purchasing a timeshare here’s news you can use. A leading news story reported that they spoke to timeshare owners, financial advisers, and industry representatives to help you identify the costs, benefits, and drawbacks of owning a timeshare.



Timeshare Ownership Pros And Cons

Pro: Save on travel expenses. Timeshares come equipped with a full kitchen and laundry facilities. And can save you money by cutting out extra expenses, like paying for a coin-operated washer-dryer. Access to a full kitchen also enables timeshare owners to stay in more often to make home-cooked meals.



Con: Timeshares can be very difficult to resell if not impossible to resell. It’s also important to know what kind of real estate interest you actually own when you purchase a timeshare.



In about 95% of timeshare sales in the U.S. you’ll actually get a deed to a property, called a “timeshare estate” under state law, which often means you can rent the share out, sell it or exchange it, and pass it on to your heirs.



What They Tell You
The timeshare sales people tell the buyers that timeshare is like any other deed in real estate you can hold it in perpetuity, though you have to pay the maintenance fees each year, just like property taxes.



And they also tell the buyers that the buyers can sell the timeshare anytime they want too. What they don’t tell the buyers is like I said before timeshares can be very difficult to resell if not impossible to resell.



Con: Timeshares outside the U.S., such as in Mexico, are known as “timeshare licenses” or “memberships” which typically only give you a right-to-use for only as long as the contract permits and can have many other restrictions. One important fact is that, if you sign a contract outside the U.S. for a timeshare in another country, you will not be protected by U.S. laws and it is also very difficult to do a timeshare cancellation.  



Timeshare Scams And Fraud

Con: There is also a substantial amount of timeshare scams and fraud in the selling and reselling timeshare industry. Scammers prey on timeshare owners, promising to resell their timeshare for an upfront fee. So you pay the several hundred dollars upfront and never hear from them again.



Con: With traditional timeshares, not only do many buyers get involved in many timeshare scams but they also have to pay a lump sum upfront, which allows them use of a specific unit at the same time every year.
In today’s timeshare market, a one-week interval is most common, but the time frame can be shorter or longer depending on the unit. Timeshare owners are also required to pay annual fees that cover maintenance costs.



Average Price Of Timeshare

Con: Timeshare cost a lot of money. The average sales price for a one-week timeshare is approximately $16,000, with an average annual maintenance fee almost $700, according to the American Resort Development Association.

Con: These days, timeshares increasingly operate on a points system and these points cost a lot of money.



For all these and many more reasons today timeshare cancellation are on the rise, big time! If you have purchased a timeshare and would like to cancel but are not sure how to cancel the timeshare we can help you.



Most timeshare buyers are unsure that they can handle the task of doing a timeshare cancellation or they have succumb to the timeshare high pressure sales or one of the many timeshare scams and would like to cancel.



If you own a timeshare and would like know how to cancel a timeshare, to learn more about a timeshare cancellation see our frequently asked questions or give us a call.
To find out more about timeshare cancellation log onto our website:



———————–



www.TimeshareCancelCenter.com
5036 Dr. Phillips Blvd. #221 Orlando, Florida 2819-3310 USA

For A Free Consultation, Call 24/7: 1-855-600-9053   https://d1li5256ypm7oi.cloudfront.net/timesharecancelcenter/2015/04/icon-fish.png

Time Share Scams – You Need to Avoid – How to!

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How To Avoid Timeshare Scams



A timeshare, also known as vacation or fractional ownership, is a real estate program in which a residential property is divided among many owners who have purchased the right to use the property for a specific period of time.



Timeshares are one of the top sellers in the travel and hospitality industry. Thousands are available and millions of people “own” them. But that doesn’t mean timeshares are a good idea. An article on MarketWatch.com tells us that timeshares are generally marketed and sold to people who really can’t afford them.



The idea of timeshares originated in France over 50 years ago when a developer in the French Alps decided to sell shares in a property rather than trying to rent rooms.
That original timeshare model proved to be successful and it increased in popularity in Europe throughout the 1960s, when escalating property prices made it difficult for most people there to afford a vacation home.



Today, over 10 million timeshare owners worldwide have access to more than 6,000 resorts in 95 countries.
An estimated $10 billion in timeshares are sold every year, making them one of the top money producers in the global travel and hospitality industry.



Types of Timeshares

A timeshare involves a room or rooms at a resort destination. Instead of paying full price, each owner pays only a share of the property’s total cost and can only occupy it during an assigned number of shares purchased.  



Most timeshare purchases are deeded or “fee simple”. This means that the purchaser is buying an actual share of ownership in the real property, and can resell, rent, give it away or bequeath it to their heirs, just as with any other type of real estate.
This kind of timeshare share may be for a specific week(s), a specified season(s), called floating system; or one where the usage week(s) changes from year-to-year on a fixed schedule or rotating timeshare system.



Non-Deeded

In contrast, all non-deeded timeshares, are known as right-to-use, or vacation-interval timeshares, they more closely resemble a lease. The buyer owns the-right-to-use the property for a specific period of time, and usually for a number of years, but doesn’t actually own it. At the end of the term, usage rights go back to the original property owner.



Two variations of the timeshare concept are vacation clubs and points-based programs. A vacation club is a company that owns multiple timeshare properties in different locations, which are rented to its vacation club members. Club memberships can also be bought, sold or passed to heirs.



Membership in a timeshare points program provides the buyer with a specified number of points that can be exchanged for timeshare usage at various properties owned or contracted by the operating companies, which are often hotel chains or well-known resorts.



How To Avoid Timeshare Scams



Even though the unpleasant sales practices in the timeshare industry get lots of press most timeshare companies still rely on the high pressure and hard sell approach.

Potential buyers are always encouraged to stay for a very lengthy sales presentation with the promise of extravagant prizes like free vacations, cash rebates, etc., if they endure the entire sales spiel. However, the gifts aren’t always what they seem, and often come with some kind of fee or hook.



Moreover, timeshare salespeople are taught to wear down potential buyers and overcome their objections and reluctance to buy by offering attractive big price discounts but only, if the buyer signs a contract on the spot.



As with any other sales pitch, the key to avoiding a bad deal is to never make an impulsive decision and never sign anything simply to escape the high sales pressure.

Instead, interested parties should always take the information home, read the entire contract over very carefully and make sure all of the costs, including maintenance fees and assessments are fully explained.



Buyers should also understand the benefits of legally rescission periods, during which a contract can be unilaterally cancelled within several days of its signing.



Knowing that a sale is reversible and that all upfront monies are required to be returned, can protect a consumer from his or her own impulsive decision making. Rescission laws vary from state-to-state, so information needs to be obtained from each state.

If you already own a timeshare you also need to be very aware of timeshare scams in the timeshare resale market.

Finally, timeshare buyers are advised to be very wary of purchasing timeshares in foreign countries, as they will not be protected by U.S. laws in cases of fraud.

The Big Timeshare Myths
I can get a great deal on a timeshare and go for vacation every year and save lots of money!



I can always sell my timeshare if I don’t want it anymore and get my money back.



Timeshare Truth
Timeshares are one of the biggest scams on the market today. Once you are stuck in one, you are stuck in a big, deep black hole. The first two words that should come to your head when you hear the word timeshare should be . . . run fast, so you can escape that annoying, high-pressure salesperson!



Questions To Ask Yourself
Ask yourself this, why would you pay thousands and thousands of dollars for a place that you might get the chance to visit for one week each year?



And a place that you have absolutely no equity in the timeshare.



And don’t forget, you have to pay extra ongoing high priced “maintenance fees.”



And reselling that timeshare is almost impossible.



And the timeshare is basically just a very big expensive, which many timeshare owners call an ongoing headache!



Are You A Timeshare Owner
If you already own a timeshare, the good news is, your timeshare contract can be canceled. Yes a cancel timeshare can be a reality.



We have valuable FREE information that will help you discover how to cancel timeshare contract. Yes, you can permanently cancel your timeshare payments, all maintenance fees and your entire timeshare contract.



If you own a timeshare and would like know how to cancel a timeshare, to learn more about a timeshare cancellation see our frequently asked questions or give us a call.

5036 Dr. Phillips Blvd. #221 Orlando, Florida 2819-3310 USA

For A Free Timeshare Cancellation Consultation,
Call 24/7: 1-855-600-9053   https://d1li5256ypm7oi.cloudfront.net/timesharecancelcenter/2015/04/icon-fish.png

Timeshare Scams . . . Watch Out! Sells Pitch Coming!!! Cancel My Time Share

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Timeshare
Scams . . . Watch Out! Sales Pitch Coming!!!
Here you are you getting off the plane, or out of the car,
you’re a little or should I say, a lot travel weary.
You go to your hotel and as you are walking up to the lobby,
you are almost accosted by someone yelling for you to come over to their booth and
get a free gift.
Well you wouldn’t mind conserving a little money so what the
heck you decide to take a moment of your precious vacation time and go over to
hear what the nice man/lady has to say.

Well. . . that’s the beginning of the timeshare sales pitch.
These nice people are very passively aggressive and they
have to be.
Their paycheck is in your wallet, you just don’t know that. . . YET!
These people are paid very good money to get you to take the
FREE in the pitch that they are offering.
Well you think what they’re telling you doesn’t sound too
bad. After all, they are going to give you very nice FREE stuff just to go and
listen to a 90 minute presentation. What’s 90 minutes out of your vacation? So,
you agree to go.
At the scheduled time you arrive bright and early at the
resort. You have your wife and maybe your entire family with you.
It’s only 90 minutes then you’re
off to start your wonderful vacation with some FREE goodies in your pocket.

But it hardly EVER happens that way. Once you’re at the timeshare
resort the timeshare salespeople you encounter have gone through intense (and I
mean intense) training to get you to buy the time sharing are selling.
They have been taught to wear you down and tell you whatever
you need to hear to get you to buy a week or two of a timeshare.
This is where the timeshare scam starts to
formulate. Because the salespeople have got to sell you before you leave. No
matter how long they have to keep you there to do it.
I’ve seen people who have brought their young children with
them and they have been kept at presentations so long, that the poor young
children are falling asleep on the floor in the corner because timeshare a 90
minute presentation turned into a 6 hour presentation.
Did that happen to you? It has happened to countless others.
Even if you don’t have the money. No problem.
The resort will open you up an instant line of credit by
issuing you a brand new credit card and that down payment that they were
talking to you about will just go on that line of credit.
So you don’t even have to spend any of your hard earned vacation
money. Now who wouldn’t like to buy real estate that will someday make you lots
of money and all you had to do to get it was just say, “charge.”
And then once you have signed on the bottom line and you are
able to leave, and after a few days you come out from up under the ether and you
want to see about doing a timeshare cancellation.
If you have gone past your cancellation period, you’re STUCK!
And sometimes even if you are still in your legal
cancellation period, that resort you and your family toured that was bustling
with very nice people, must have suddenly become a ghost town.
Because it is so hard to get someone on the phone so that
you can tell them that you’ve changed your mind a timeshare cancellation.
But you’re not overly concerned at this point. So that’s
okay. Because the nice people at the resort also told you at the presentation
that your timeshare was worth a lot of money.
They said, it was the same as you buying real estate. It has
real value! That’s why they call it real estate!
You can sell it and even make money whenever you want.
People around the world are clamoring to buy a timeshare like the one you were
smart enough to buy. So you decide to do a timeshare resale.
But no, you can’t do that. 
Because you find out that time sharer sale scams are almost worse than the timeshare scams. They want you to pay them money to just
list your timeshare for sale.
Whatever you do. . . DO NOT LET ANYONE TALK YOU INTO DOING A
TIMESHARE
RESALE!

Scam! Scam! Scam! Did I say. . . Timeshare Scam! Cancel my timeshare!

It is such a scam that a lot of states are making it illegal
to do or even have a timeshare resale office in their state.
So please stay away from timeshare resales!
I know. I know what you were told at the presentation that your timeshare was
just like buying real estate, and in fact that is one of the reasons you
finally decided to buy it after so many hours of being told that you were crazy
not to take advantage of the great deal that you were being presented with.
But the fact of the matter is—that was an out-and-out lie!
Want more bad news, you will find out that lie was one of
many lies, you were told.
Believe me I hear so many sad, sad stories of
people/families being taken to the cleaners on time share scams.
Don’t lay down and take it. You don’t have to. But you have
to know how to fight back. You have to get with someone who knows how to fight
the corrupt system.
Get out of that timeshare now!
Get timeshare cancellation help now!

Our “Timeshare Contract Cancel Service” involves our 

tried and true process which delivers timeshare cancellation
results.

If you have been approached by a timeshare resale scams
company, give the Time share Cancel Center
a call to validate the resale company prior to signing a timeshare resale
contract.

To read more and to find out even more
about timeshare cancellation
log onto our website: www.TimeshareCancelCenter.com or call 1-855-600-9053.