FTC Timeshare Resale Efforts

Just a quick (and late) update about the recent efforts to round up some unscrupulous timeshare resale “companies”.

Who doesn’t love an Infographic?!

A well done infographic explaining the "method" behind some well-known timeshare resale scams (via FTC.gov)

A well done infographic explaining the “method” behind some well-known timeshare resale scams (via FTC.gov)

That about covers it, I think.

Another gem from this article is this: Recording of fraudulent timeshare resale marketing pitch – I would only add that this is probably an exception and not the rule for most of these companies.  Though, that really doesn’t make them any less of a scam — it just means they aren’t out-and-out lying about having buyers waiting, and such to convince unsuspecting and desperate owners (thanks to greedy resorts) to pay yet more money for broken promises.

Read more at http://ftc.gov/opa/2013/06/timesharerelease.shtm

It’s slightly refreshing to see news that the tide seems to be (slowly) turning.

 

In other news, Summer Bay Kissimmee, FL and owners et al have had a bad week :-(

 

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