The Better Business Bureau recommends that timeshare owners looking to exit can contact their timeshare developer directly.
Tips for Exiting a Timeshare
FBI and OIEA Warn Public that Fraudsters are Targeting Owners of Timeshares in Mexico
The FBI Criminal Investigative Division and the Office of Investor Education and Advocacy of the Securities and Exchange Commission (“SEC”) would like to warn consumers of a recent increase in fraudulent schemes targeting owners of timeshare properties in Mexico. These scams typically involve individuals alleging to be representatives of a brokerage firm, travel agency, title company, or escrow agent making unsolicited contact with owners of timeshare properties.
Colorado Division of Real Estate warns of timeshare scams
In the current version of the scam, timeshare owners are cold-called, mailed or emailed solicitations from an unlicensed business entity purporting to be a full-service property management company, real estate brokerage or title and escrow company that lists and sells timeshares.
Time for Dave Ramsey to check out of this timeshare exit endorsement
Dave Ramsey, a popular radio host who preaches the gospel of debt-free living, is adored by many financial advisers who do business with his organization by paying for potential client leads.
Beware of Scams During COVID-19
New Infographic Released: Beware of Scams During COVID-19.
Trouble in Timeshare Paradise
Learn how to avoid common and costly pitfalls. And find out why timeshare ‘exit’ companies may be nothing more than scams.
Company accused of scamming Arkansans looking to sell timeshares
Earlier this year Arkansas Attorney General Leslie Rutledge filed a lawsuit against a Bentonville company accused of scamming people who were trying to get rid of their timeshares. Arkansans lost out on more than $136,000 from Real Travel, LLC, according to the AG’s office.
The lawsuit said Real Travel, LLC sold timeshare exit services in exchange for a fee ranging from $5,000 to $18,000.
AARP Volunteer Warren Searls strives to educate Arkansans about the warning signs of this potential scam.
“The give away is the fact that they want money for fees up front,” Searls said. “And they will go through the whole process and you’ll think that you sold your timeshare and then you get a bill from the timeshare company saying you owe us for maintenance fees on your timeshare.”
Don’t Fall for Timeshare Exit Scams
Sketchy firms are targeting older timeshare owners with hollow promises to get them out of their contracts for a hefty upfront fee.
Timeshare owner Ed Roach, of Maplewood, Mo., still remembers the telephone call he got in 2017 from a timeshare exit firm claiming to be associated with Wyndham resorts. Timeshare policies change regularly, the caller noted, inviting him to a seminar to learn about the latest developments. Plus, he’d get a free dinner and an iPad.
BBB Warning: Consumers Losing Thousands to Missouri Timeshare Exit Businesses
Hundreds of timeshare owners – from at least 46 states – have lost thousands of dollars each to timeshare exit businesses that set up operations in recent years in and around Springfield, Missouri. That is a key finding of a four-month Better Business Bureau investigation of the controversial industry by BBB Serving Eastern & Southwest Missouri & Southern Illinois. The results were published in a study entitled “Timeshare Exit Trap” (BBB.org/TimeShareExitStudy).
Better Business Bureau Study Highlights Exit Companies’ Fraud Against Timeshare Owners Across the U.S.
The American Resort Development Association — Resort Owner’s Coalition (ARDA-ROC), representing over 1.5 million timeshare owners, recommends that owners read the study issued by the Better Business Bureau (BBB) of Eastern & Southwest Missouri & Southern Illinois, before engaging with any third-party exit or relief company.
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