Since 1996, Preferred Timeshare Exits’ has built its spotless reputation on timeshare consumer protection, in an industry full of unscrupulous practices. We pride ourselves in taking great care of each client, as if they’re our only client. This has resulted in successfully assisting thousands upon thousands of timeshare consumers over the years. Sadly, timeshare consumers come to us after they’ve already been victimized people who don’ t have their best interest at heart. It is our desire to ‘right’ those wrongs, by offering legitimate, permanent solutions for wary timeshare owners (and non-wary timeshare owners!)
Avoiding Timeshare Scams
Getting out of your timeshare can be a daunting task, unless you know the pitfalls to look out for. If the offer sounds too good to be true, it probably is. Here are some tips to help you avoid getting ensnared in a costly timeshare scam:
They collect an upfront fee with no guarantee of results.
This is the oldest trick in the book. The easiest way to spot a scam is if the scammer tells you your timeshare is worth what you paid for it, or close to what you paid for it, then attempts to collect an upfront fee from you whether it be $200, or $2,000, with no guarantee of the outcome. Often they will offer to advertise your timeshare for sale on their website, only to later learn there are no buyers to be found, even from their ‘super-duper-awesome’ website.
They tell you they have a buyer for your timeshare at an amazingly high price, and all you need to do is pay the escrow fees to get escrow opened.
Another awful scam. Many people have fallen for this one, wiring thousands of dollars in so-called ‘escrow fees’, only to learn there never was a buyer in the first place. By the time you learn the truth, the scammer has already absconded the money from you, and is nowhere to be found.
The scammer wants you to ‘wire’ them money, through Western Union or MoneyGram.
If a stranger asks for you to send them money by way of instant transfer, such as MoneyGram, run for the hills. There is often no recourse once you learn you’ve been bamboozled.
Beware of imposters.
Timeshare scammers have gotten more advanced in their skills in recent years. They will create a website, under the guise of an already established, reputable company, and pretend they’re the reputable company. This is such an easy way for them to gain your trust, and convince you to wire them money. It’s so important to practice your due diligence and make sure you’re really talking to the reputable company, doing your homework to ascertain the person you’re talking with is really who they are. (the internet makes this task relatively easy) These organizations often work offshore, making it impossible to prosecute them in the U.S..
We were recommended by licensed real estate individuals who hold your company in 'High Regard' for your abilities, honesty and integrity in dealing with the public. We highly endorse your company in every respect and will recommend you to anyone who owns a timeshare.- J & P Ehrenberg
Excellent! Non-pressuring, no heavy sales pitch. Down-to-Earth, very helpful in every respect - especially in the face of adversity during to unforeseen circumstances! Thanks a lot for everything.- A & I Isaacson
Your professional but low-key and non-pushy attitude make is pleasant to deal with you and we shall continue to recommend you to our friends." - H. & M. Grillmeyer
Your honesty was impressive. There are too many con artists out there trying to take our money...Thank you." - L. & J. Talbot