Impossible Listing and Fraudulent Transfers

Listings – Consumer Protection information: FRAUD & deceit are rampant, especially Senior abuse. For some, Real Buyers can be Found – Get the hard facts and free listing solutions to test the market. But, NEVER pay an upfront fee, as the reasons shall become self-evident throughout the course of this Alert.

For almost all timeshare owners today, the answer when it comes to listing your timeshare for sale (with 2 notable exceptions that have buyer pools) is pretty much the exact opposite of the popular Nike® catchy advertising phrase: “just” DON’T “do it!”

Critical Consumer Advisories from the FTC, Attorney Generals and Consumer Advocate

PAID LISTINGS = WASTED MONEY

Though there are exceptions (recalling exclusive Swiss Alps resorts and other noteworthy true 5 star exceptions bucking the General Rule), in the online world almost every Timeshare is not even worth a mere $1.00. And paying someone to sell something (i.e. a Listing) that’s worth nothing, is about as productive as throwing your money away. Both of them will lose your money… And neither of them will sell your timeshare.

If you’re an “Owner” needing a sale… You need a buyer, so value is the chief concern. As with anything in your life that involves finances (timeshare ownership certainly does), you need open & transparent info. The Key that unlocks Empowerment is Knowledge. So don’t rely upon ‘the Ostrich Approach’ because it’s better to go to eBay if there is an easy, yet truthful, Reality Check available.

Timeshare Sellers…
get a check from Escrow 

The “Real Thing” like… 

when you sell your Home

And in Timeshares…

it’s Extremely Rare 


Licensed Broker Verification
  Great consumer protection multi-resource links
, a back page to a Consumer Protection Attorney, Timeshare Sales — No Upfront Fee infograph.  The above link provides transparent, protectorate information on how to do a Licensed Broker Veification and other great resources. There is also Sales info on the Consumer Protection Attorney page that gave the link and a blog on self-help sales on this site. Remember, it’s probably only real if you get the check from a bonafide, licensed Escrow company, and you never pay a penny.

CONSUMER RED FLAG
The most common Red Flag for corrupt elements of the Listing Industry is when they charge an “Upfront Fee” that is for a ‘fictional’ task (selling your timeshare). These Listors know they won’t need to make the sale, if they even exist at all with all the frauds out there. Many have never even sold “1” timeshare, excepting sham sales used for marketing purposes. There are totally clear reasons for this:

  • There are a THOUSANDS of Timeshares on eBay.com that have NOT sold… even for $1.00
  • $20-$30,000 or even a $100K paid for a Million ‘Points’ and still NOT selling… even for $1.00

TODAY’S SAVVY BUYERS QUESTION VALUE
Unless you have a justifiable benefit, buying any debt mechanism into perpetuity is financially unsound. For those who use their timeshares year-to-year, there may be a “use value” particular to that individual, and thus valuable to that person. But savvy online Consumers today, are also Value-Savvy travelers who rationally compare the going rate—offered daily to any & all Consumers—and see they may pay a only a little more or less for the exact same resort on Expedia.com or other travel sites (you may want to check yours).

THE BUYERS “PERSPECTIVE” IS ALL THAT MATTERS
Beauty is strictly within the eye of the beholder (as is the value of ownership). When Consumers can find easy ways to book vacations online and save money over the typical yearly maintenance fees—and not be bound to eternal usage—there is little economic rationale to compel them to assume ownership. HOWEVER, Listing companies still defraud Timeshare Sellers by saying they have tons of buyers waiting for your specific timeshare [just fill in the blank because it’s all of them], even though they know the same units at the same resort are a valueless debt mechanisms that can’t even sell online for a $1.00, yet yours are somehow worth the $5,000 or $10,000 [or whatever you want… it makes no difference to them] because [fill in the lies] your timeshare is “Special” and “HOT” right now!

RISING FEES and $1000-$8000 SPECIAL ASSESSMENTS EXPLOITED BY SCAMS
Given the sharp rise in Maintenance Fees and Special Assessments documented in 2009–2013, coupled with a virtually nonexistent resale market, Frauds took advantage of weary Consumers. Faced with rising fees, Scammers exploited the fact that Timeshare Owners could not find a legitimate marketplace to divest.

Known Listing exceptions that have non-industry ownership and
systematic access to legitimate Timeshare Buyer Pools
One is Free; the other one costs only $15
Both are vetted by Consumer Protection Advocates, and both are Timeshare Owner User Groups/Forums
(people who still buy & use timeshares)

If your timeshare is not the rare exception — i.e. it has NO Value
You can seek timeshare contract cancellation through Consumer Attorneys with No Upfront Fee 

 

 

Critical Consumer Advisories FTC, Attorney Generals and Consumer Advocate

Transfer Companies may all sound good at first, but many either fail to achieve the goal, or in some cases can never perform the promised “transfer” for a variety of reasons—both legal and ethical. What really is needed is a LEGAL ownership divestment ABSENT tailing liabilities. Many of these outfits ‘claim’ to be able to transfer your timeshare, and they ALL take your money [Upfront Fees, typically $3000-$5000 that may end up being NON-REFUNDABLE], but the harsh reality is that some are just simply clueless (and can’t finish), while others are a complete fraud (never transferring anyone’s timeshare).

NON-PERFORMANCE and TRICKS… MANY ASK: “is this even legal at all??”

Unscrupulous “transfer” outfits plan in advance to go out of business and walk away with millions (only to open in another state under a different name). The Washington Public Interest Consortium was briefed by a very prominent colleague of the 2010 Conference of National Association of Attorneys General regarding these infamous operations that are labeled “Mushroom Corporations” because they pop-up in one state out of the dung… only to die off rapidly, and then resurface under new names in new states.

No matter the reason, if the transfer company does NOT finish, you will still own a timeshare
[But go figure… they still want to keep your money].

The power-game here is that Consumers are forced under high pressure sales to act immediately and relinquish up to $5000 to trust an “entity” that can go out of business tomorrow, leaving you stuck with your timeshare (and maybe no Deed). Having said that, it is not to disparage a highly rated transfer company based upon industry association, because a select few may be quite capable on the transfer level.

BE EXTREMELY CAREFUL because the Industry is deeply immersed in Shark Infested Waters, so it’s a good idea to obtain research & reliable recommendations from a Lawyer you know who can subject such companies to scrutiny. When it comes to the unusually high fraud-rate and endemic nonperformance (the same result), these are extremely precarious waters to navigate, and further complicated by sophisticated tactics, deceitful schemes and hardball sales tactics that confront consumers.

THE PROBLEM WITH FRAUDULENT TRANSFERS — OWNER LIABILITY

Fraudulent Transfers may appear on a piece of well-crafted paper to have achieved your goal: BEWARE! If an owner’s resort or vacation club is defrauded, sellers may have Secondary Liability for financial obligations per contract or law and potential liability depending on individual facts for Fraudulent Conspiracy.


tick… tick… tick…

MULTIMILLION AND BILLION-DOLLAR RESORTS MAY JUST FIGHT BACK

Lurking liabilities should be a concern to anyone who has self-protective instincts. Your resort may be friendlier, but a prudent person may not want to test any company that has been defrauded in a Sham Sale that takes their Revenues. Major vacation entity losses could be astronomical prompting them to seek protections. So one would suspect that the same resorts and vacation clubs are not very willing to work with any outfits they suspect of fraud, causing Owners to be severely hampered, delayed or simply denied any ability to free themselves.

The ultimate takeaway that should be significant to you, is that:
You just simply want out with NO LEGAL STRINGS ATTACHED (without tailing liabilities) safe options