The simple answer is don’t engage with a USA timeshare re-seller as 96.7% of USA timeshare products do not sell and the re selling environment is littered with scam artist who are exploiting timeshare consumers each and every day, with wild claims about expectations, sales and completions.
If you are going to engage a USA re-seller considers the advice below:
The Government Consumer Protectorates placed an advisement advice in respect to re selling timeshare which is as follows:-
Reselling Timeshare in the USA
The Federal Trade Commission (FTC) have attempted to make the real facts about Listings extremely clear to the timeshare Consumer at large (i.e. the likelihood of victimization).
The lack of Timeshare Market Liquidity is the overriding concern in the USA in respect to timeshare issues:
Notably, the FTC marshals a belief that Timeshare re sales in the USA is in Crisis. They substantiate that belief citing that only 3.3% of USA timeshare owners reported selling/disposing of their Timeshares in a 20-year period. As a result scamster’s are exploiting this liquidity crisis with false promises of value and falsehoods in respect to expectation
Attorney General Advice (AG)
Even the Florida Attorney General (where more timeshares exist than anywhere else in the world) was very strongly opposed to Listing Scams that are used to take advantage of Consumers in this timeshare divestment crisis. Attorney General Bill McCollum of Florida warned Consumers: “Remember that once you buy it, you may not be able to sell it due to a depressed resale market.” This vacuous need opened the door to unscrupulous claims of [invented] Buyers just waiting for your timeshare to hit the market.
(AG) McCollum bluntly stated to be “sceptical of these types of claims,” warning Consumers to, “remember the timeshare market is not hot and it is unlikely that there is a buyer ready and willing to buy your timeshare”.
The Attorney General Pam Bondi of Florida has endorsed and reprinted this stern Advisory to Timeshare Owners.
If you are even considering a Listing Company?
You should check your state’s Attorney General to get more information and browse the FTC website and other AG links by searching under the term “timeshare listing” at Official Governmental Sites. Be leery of any anonymous posts or questionably-sourced information on the Internet—it may ‘look’ like an official website they bring you to, but without knowing the trusted source of the link you clicked, you may find yourself in a well-crafted Fraud World of extremely deceitful
USA Consumer Advocate (Mr. D Ramsey) Says:-
“I also share similar scepticism of listing companies and give pretty stern warnings to the public”
Consumer Advocate Dave Ramsey is famous in the USA for his article The Truth about Timeshares which shows that the many promises are fallacies. Mr. Ramsey claims, “one of the biggest scams on the market today. Once you’re stuck in one, you’re stuck in a Black Hole”.
Consumer Advocate (Suze Orman ) Says:-
“the true problem and squarely confronts it”. When confronted by an Owner how to get out of a Timeshare with escalating fees that had become quite a burden for them she says:-
“The most important advice i can give to Timeshare Owners is “do not to pay any re selling company an upfront fee these are often scams; you pay money and nothing happens”. Why?
“Because markets are flooded” she states “it’s a long shot that any resort is willing to work with you especially with so many people looking to get out and huge amounts of foreclosure inventory, as hard as it is to spend more money she says:-, “get a solid Lawyer experienced in dealing with timeshares”
Orman advises this because getting a Lawyer is going to be a “good investment for the consumer”.
The golden rule in the USA:
Timeshare Owners should only use a Licensed Attorney to get out of their Timeshare
Final Cation in respect to re-selling timeshare in the USA:
“Good Looking” or “Bricks & Mortar” real estate companies, may make you feel “assured” – Don’t be fooled: Listing an ‘unwanted’ timeshare into eternity (even for free) will really only “assure” 1 thing: a lifelong commitment to paying fees.
Honestly assess the use-benefit value only you know if it’s in your best interest to divest, then do it a safe way.
For more information regarding this article or assistance in any other timeshare related issues please contact the TCA on 01908 881058 or email: info@TimeshareConsumerAssociation.org.uk