Relief On Tenerife Timeshare Scam
11:33 AM
Timeshares have become very popular over the years but, along with its popularity, comes the opportunistic individuals who take advantage of people wanting to purchase timeshares at a much cheaper deal. Lately the number of timeshare-related scams have been on the rise and victims could never be relieve until these timeshare scams are terminated.Recently, a report was known about a timeshare fraud on Tenerife from which 7 people were arrested. The Interior Ministry said that it would have affected more than 50 people and brought the fraudsters up to 1.5 million €.
Nobody wants to be screwed by a scam, right? Now, to protect yourself against scams, read on and recognize how scam artists bait their unsuspecting victims.
Timeshare scams are usually conducted over the phone. These people have somehow managed to access a list of timeshare owners and their contact details, after which they are going to call and inform them about an interested buyer who is offering an irresistible amount of money in exchange of their timeshare property. This is what the timeshare scam in Tenerife have used in defrauding their victims.
Those who took the bait were charged around 30,000 € in taxes and the cost of transferring ownership. Then, after the fees were paid, the transaction ends. Yet, the timeshare owners have heard nothing further neither from the supposed buyer nor from the broker.
For timeshare owners, always remember to do your due diligence. If a deal is too good to be true, most of the time, it's not for real. It would bring you good relief about timeshares if you could run an Internet search regarding any timeshare offers that may come your way.
With a great location, you can get a great timeshare just where you want it to be so you can take a holiday there each year. It's like great holidays of your choice.
To get rid of your timeshare, you can hire a real estate agent. This comes at a price and does guarantee to get you a deal.
The CEO of Timeshare Relief, Inc. is Jade Crittenden. He earned his B.S. in Economics from University of Utah & MBA in International Business from The Graduate School of International Management.
Timeshare Travels Inc. & World Timeshares Inc. pay nearly $200,000 in restitution as part of a settlement due to failing in following through on promises to market time share resales.
Hawaii Land Court. Gov. Lingle signed 2 bills into laws. One law allows electronic signatures on real estate transactions. The other will move titles to timeshares into the regular conveyance system.
Due to high pressure sales methods, the some timeshare companies have the reputation of offering a scam. You should weight the pros and cons when jumping to a timeshare ownership deal.
The success of the timeshare industry has resulted in the expansion of the timeshare concept in various areas. However, high-pressure and third rate selling techniques have drag down some timeshare vacation companies to the idea image of being scam.
I think what makes a timeshare ownership a scam is that the buyers well not informed of the dangers that lie ahead. They were presented with great benefits of timeshare ownership that they have not weight down its overall cost. Later, they end up regretting what they have done.
I think what makes a timeshare ownership a scam is that the buyers well not informed of the dangers that lie ahead. They were presented with great benefits of timeshare ownership that they have not weight down its overall cost. Later, they end up regretting what they have done.
How worst it is that some of the defrauders goes in to extract large amount of money from the recession-hit owners who want to get rid of their timeshares. Beware, if these agents present you corporate type of buyers and ask for upfront fees.
There are laws on some states that prohibit advance payments for timeshare resales to the timeshare agents. I hope all states will adopt these laws to eliminate the scammers.
The government should take a tough action against the timeshare scammers. This industry has already a bad image from the day of its initial dealings. Don't let these unjust deeds pollute the booming industry.
I suggest you put your on a do-not-call list in order to avoid the calls of those timeshare salesmen who once you've met. If they call you back, you have a legal authority to prevent them.
Scams nowadays are everywhere and timeshare industry is one of the venues where these defrauders exhibit their deeds. Remember that if they charged with upfront fees right away, it's time to be suspicious already.
Its time that the government must do something about the timeshare scams and defrauders. It would affect the tourism industry of a certain locality.
Due diligence is what the timeshare owners really must do in order to prevent scams like these. It's okay to hear their very attractive offers. But if money is already involved before there is ever a deal, then be suspicious about it.
It's true that before you buy a resale timeshare, you should do a research regarding those timeshare transfer company that you are dealing with. You can also check in a government agency that is responsible for business registration in your local area.
This is a nice article about timeshare scams and defrauders being busted. The government should do more about these scams.
Timeshare defrauders should be jailed for life especially if they had extracted large value of money from a timeshare owner. Give justice to the timeshare victims.
This article is good! It somehow alarms the readers about the timeshare scams. Please more articles like this.
How alarming it is to read this article. Imagine a scam that involves millions of euros. Justice should be done!
One of the lapses of the increasing timeshare is where do these defrauders get the list of the owners reselling their timeshares. Timeshare transfer companies must keep this list confidential to prevent those scammers of identifying those probable victims.