The Timeshare Reselling Scam – How To Protect Yourself
Here we go again! Twice in the past week, we’ve been advised by the Federal Trade Commission of new scams being perpetrated against senior adults. This one is the timeshare reselling scam.
Many seniors, and also middle age adults bought a timeshare to spend vacations there or as an investment. After a few years, timeshare owners wanted to visit new places and some traded their unit with someone else in a different location. Others kept them because there wasn’t much of a market for them.
Many others wanted to dispose of their timeshare and listed it with a broker. Now enters the scam artist with their bag of tricks. They began telemarketing timeshare owners saying that they had a buyer in mind and that the sale would be consummated very quickly.
As soon as an owner would agree to allow this scammer View full post…