Tips for avoiding timeshare sales scams.
I received a call from someone purporting to be from RCI. I have two timeshares and use RCI for exchanging purposes. They wanted to ‘explain a new program from RCI’. We went, met with them, and to make a long story short, ended up buying a timeshare from this group, plus giving my two other…
One visitor to our site shares his experience with Silverleaf timeshare, and the research she did following the timeshare purchase. Here’s her story: I bought two units from Silverleaf in 2010. In both sales presentations the salespeople told me the units were an investment I could realize income from, and would be a great business…
When we bought they talked us into buying in March, which was red and cheaper then the month we wanted (which was August – also red). We paid close to 20,000 dollars. The salesman promised us that every year we will be able to exchange for August the month we actually wanted. It was ok…
A reader poses an interesting question he wanted to share with our readers: Why is the government doing nothing about timeshare scams? Time shares are not real estate or investments, they are nothing but empty space. In addition to my first question, how many time share owners does it take to keep up the maintenance…
Below is an account from a Canadian reader whose parents were solicited by Lando Resorts Corporation: My parents, who live in Canada, were scammed by Lando Resorts Corporation, who is under the Berkley Group umbrella. In February 2011, they were sold a vacation package over the phone which did not mention that they were required…
I own in Belize and when I went there this year to use my points to stay they gave me a bill for several thousand dollars as though I were renting. Now that I refuse to pay the bill they will not let me book this years reservation. The first day I arrived there was…
One timeshare owner shares their experience with Point to Point Destinations Timeshare: I bought timeshare from these people (Point to Point Destinations) on July 24, 2006. They have the most rude, irresponsible customer service. It’s worthless to buy timeshare especially from P2P. They charge ridiculous amount as maintenance fees. This year they never sent an…
The following is a reader submission detailing the discrepancies between what they were told vs. what they actually received at a timeshare presentation in Weston, Florida (the actual resort name was not disclosed): We (4 of us) bought time share in Weston, Florida in October 2010. At the time of purchase we were told if…
The following post was submitted by a couple detailing their experience as Westgate timeshare owners, and why they decided to stop paying their Westgate timeshare. In 2005, we purchased a Timeshare from Westgate Resort in good faith. We were a young married couple with two toddlers. We were told that we would never regret the…
Timeshare resale agents operate the same way as a real estate agent – they get paid only when you sell your property. A legitimate timeshare resales agent will charge a commission after the sale is finalized and take a fee out of the net proceeds from the transaction (which helps to explain why there are…
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