If you have exhausted all of your other options for getting rid of your timeshare including selling on the web, auctions sites like eBay and Craigslist, donation to charity, and giving it away, a timeshare foreclosure may be your only option.  The time share foreclosure process is somewhat similar to a home foreclosure, in that eventually the property will eventually be returned to the lender and sold at a sheriff’s auction to the highest bidder.  Being armed with information, and knowing how this process can affect you and your future purchasing/lending power is a key part of a successful foreclosure.  This post will help to prepare you for what may lie ahead, and provide information regarding credit score changes you may experience as a result of a timeshare foreclosure.
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If you are interested in becoming a timeshare owner, you need to be aware of the timesharing scams and lies being told by timeshare salespeople.  A timeshare salesperson will promise you the sun, moon, and stars in order to get you to walk out of a presentation as an owner, but they will rarely make good on the perks they are offering during the sales pitch.  If you do decide to purchase directly from a developer at a presentation, be sure to get everything in writing including bonus weeks, estimated value, accessibility, resort amenities, and other special offers.  Remember, if it sounds too good to be true, it probably is.  Keep reading to discover the Top 5 Timeshare Lies.
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Operating under the name Point to Point Destinations, or West Coast Timeshare Ltd., this Vancouver, BC based company has been selling points based timeshares since their inception in 1999. In recent years there have been a number of time share owners speaking out against PTP Destinations, and looking for help in dealing with their PTP Destinations timeshare purchase. There is hope for the many PTP Destinations timeshare owners out there looking for assistance. There is an excellent web timeshare resource dedicated to informing, warning, and educating consumers about PTP timesharing called TimeshareRevealed.com. TimeshareRevealed.com is working to mobilize, help, and inform unhappy PTP Destinations timeshare owners, and assist them in taking action against the company.
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A friend of my recently came across a company called IBD Marketing and was in contact with them regarding selling an RCI affiliated timeshare unit in Orlando, Florida. After offering them a sum about 3k higher than what they had assumed they would be able to sell their timeshare for, they called me for assistance. I was unfamiliar with their organization and decided to do some investigating before giving my friend the go ahead to try to list and sell with them. My first search was a simple Google query for “IBD Marketing”, and I have to say I was mildly shocked when I realized that the first 10 listings were all negative commentary on the company, and not one of the links was to the actual company website itself! That was only the beginning of the bad omens…
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Timeshare has come a long way since the slick, fast talking time-share salesman. While he may no longer wear a plaid leisure suit, he remains focused on the sale, and will do everything in his power to convert your interest into a hearty commission. Some salespeople talk, talk and talk, and never listen to the client – this way they can give their pitch without getting too close.  While others prefer to stick to the guilt highway, posing questions including, “Don’t you think your children deserve better?”, or involving family, work, and your personal life. To avoid falling for a trick, pay close attention, never let a salesperson tell you what you want, and beware of the “puke price”.
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