How to Avoid Resort Timeshare Resale Scams

As the vacation ownership industry continues to grow, more and more fraudulent companies have appeared with the goal to take advantage of unsuspecting timeshare owners who might or might not be looking to get rid of their timeshare, as well as interested buyers who have considered purchasing a timeshare. These companies will offer unrealistic and enticing services, collect an upfront fee from their victims, and vanish or simply not deliver on their promises as soon as the payment is processed. Fortunately, there are some predictable actions, requests, and phrases of timeshare scammers that owners should be aware of in order to avoid financial loss from these “timeshare businesses.”

Four Warning Signs of a Timeshare Scam

Dozens of companies are charged with fraudulent timeshare activities each year and there are some common red flags you should be on the lookout for if and when they contact you:

• They cold-call you
• They say they have a buyer waiting
• They ask for untraceable forms of payment
• They offer you a money-back guarantee

More Specifics On How to Avoid Timeshare Resale Scam Companies

Has Someone Posing as SMTN Ever Contacted You?

If you have ever been contacted by someone claiming to be a SellMyTimeshareNow.com employee who has used any of these tactics, you could be the target of timeshare fraud. Our experts suggest contacting authorities with evidence of your claims, as well as contacting our listed phone number 1-877-815-4227 to report what has happened.