A timeshare has always been considered a risky purchase. It usually involves aggressive sales tactics to pressure you to buy and make you fall prey to getting ripped off by fraudulent and deceptive companies. If you have purchased one and you want to get out of your contract, it is best to consult with timeshare contract cancellation companies and lawyers for answers and ideal solutions rather than canceling the contract by yourself or proceeding to resell the property. Otherwise, you might fall for another scam, which can cause more stress and headaches for you down the line.
Here’s one of the usual timeshare resale scams you must know: Someone posing as a broker has seen your ad about the timeshare, and they will claim to have an interested buyer. They might even give you the said buyer’s name and phone number to sound convincing, and if you contact them, they will confirm their interest to buy the timeshare and take it off your hands.
Then, the scammer would give you signed purchase documents that are designed to appear legitimate. They will then ask for your credit card number or instruct you to wire money to them to cover sale expenses, such as title services, closing costs, maintenance fees, and taxes. At times, they may be bold enough to demand an upfront fee. They may even promise a refund when the deal closes.
Legitimate timeshare contract cancellation companies are warning against this scam. The deal will never close, and the scammer will steal your money. By the time you realize that you have been scammed, it may be too late to dispute the transaction, and the timeshare will still be yours.
Consulting with legitimate timeshare contract cancellation companies and timeshare lawyers can save you from all that trouble. They can also help you be aware of unsolicited offers from so-called resellers and resale companies making unbelievable claims.
