Our live offer feed shows recent purchase offers delivered to timeshare owners just like you. The American Resort Development Association (ARDA) is a trade association that represents the timeshare and vacation ownership industry in the United States. Its essential to be cautious of any company or individual that offers to help you reduce or eliminate your maintenance fees, especially if they ask for an upfront fee. Timeshare companies are under severe pressure from angry consumers. If so, SellMyTimeshareNow.com can help you sell your brand-affiliated timeshare in a quick and efficient manner. They found the defendant Scott and other unlicensed telemarketers conducting outbound calls to Florida land owners offering a resale program with a Refund at Closing or a Money Back Guarantee if the defendant could not sell the victims property. In 2014, the Florida Department of Business and Professional Regulation issued a cease and desist order to Scott after determining that he was brokering properties under a different business name and without a license. According to the American Resort Development Association (ARDA), the $9.6 billion U.S. timeshare industry boasts over 1,570 resorts and 205,100 units. If youve been targeted by a real estate or timeshare resale scam, there are several steps that you can take to protect yourself and potentially recoup money that may have been lost. Timeshare Resale Companies Under Investigation All consumers need to be cautious of third-party exit companies with offers that seem too good to be true. Updated . Fake Timeshare Employees. For additional info regarding The Legacy Program, please call 800-351-0461, Monday through Friday from 9 a.m. to 5 p.m. Eastern Time. [ 2012 ] RCI Bonus Weeks [ Cannot be rented - this is a scam ] To avoid being scammed, its essential to do your research, choose a reputable company, and get everything in writing. . He meanwhile would be running things from behind the scenes. 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. The Timeshare Resale Business [UNDER INVESTIGATION] In 2006, to counter the threat posed by weapons of mass destruction (WMD), the FBI established the WMD Directorate. Its preferable to do business with a reseller that takes its fee after the timeshare is sold, but if you must pay a fee in advance, get refund policies and promises in writing. Please call: 407-347-6515 More than nine million households now. all fees upfront until services are rendered. Owners post their timeshares for sale here, and connect directly with travelers looking to buy. If you have deposited your week with an affiliated exchange company, that interval is no longer affiliated with the resort. We found the representative extremely helpful and professional. This cookie is installed by Google Universal Analytics to restrain request rate and thus limit the collection of data on high traffic sites. These cookies ensure basic functionalities and security features of the website, anonymously. If they waive their ROFR, the original sale can proceed. But fast sales for large money required a more dynamic and deceptive approach to resale advertising, one that included the use of fictitious marketing channels and money back guarantees. Without the right knowledge and resources, it can be hard to know who to . American Resort Development Association (ARDA), , timeshare trade association - email customerservice@arda.com. More information about cookies can be found in our. The OAG will be seeking a court order requiring compliance. "The creditor doesn't care that you bought a timeshare," Rogers says. SellMyTimeshareNow.com offers more than just timeshare resale advertising; we work with you to get your timeshare seen and sold. And then, as time went on and no sales were made, victims tried reaching back out to the companies, but their phone calls and e-mails went unanswered. . Timeshare owners who agreed to sell had to pay an upfront feeanywhere from a few hundred to a few thousand dollarsto cover various costs such as advertising or closing fees. These cookies will be stored in your browser. Website Disclaimer |Privacy Policy |Site Map. If you are interested in the resale value of your timeshare, please take advantage of our free market value survey. Through advanced Internet marketing techniques, we target a global audience of consumers, driving thousands of qualified buyers and renters to our site daily through search engines like Google, Bing, and Yahoo. Even worse, marketing by these exit companies has increased during the COVID-19 pandemic preying on the vulnerabilities of people who have had their personal and professional lives disrupted. U.S. Department of the Treasury Office of Public Affairs Treasury Sanctions CJNG-Run Timeshare Fraud Network. So the sale of the resort timeshare doesn't affect banked weeks. - Before you sign any sort of contract, make sure you get the details of its terms and conditions. Trust your instincts: if a timeshare solicitor makes you uncomfortable or tells you something that does not sound right, do not continue communicating with them. You can report timeshare resale scams to the Federal Bureau of Investigation and Federal Trade Commission as follows: Federal Bureau of Investigation Minneapolis Office 1501 Freeway Boulevard Brooklyn Center, MN 55430 (763) 569-8000 www.fbi.gov. An official website of the United States government. One of the most common timeshare scams is the timeshare resale scam. For example, a scammer may tell a timeshare owner that their maintenance fees have increased and that they are required to pay a large sum to avoid defaulting on their timeshare. Feel free to contact us for a free consultation and to speak with an attorney. During his employment, Rigsbee targeted elderly bank customers and stole $158,960 from these victims accounts. Visit Website. Be extremely cautious if anyone requests that you pay money up-front in order to obtain funds or property to which they claim you are entitled. FBI and OIEA Warn Public that Fraudsters are Targeting Owners of - SEC Join our coalition of 1.6 million-plus timeshare owners across the country. Learn more. Many owners pay thousands of dollars to fraudulent timeshare resale companies. Be realistic about what you can get for your timeshare. Before you do this, take stock of your situation. Saint Petersburg, FL 33709. A timeshare involves joint ownership of a propertyusually located within resorts in vacation hotspots (i.e., Florida, Colorado, Mexico). The Timeshare Attorney has the experience and knowledge necessary to help you get what you deserve. Toll free: (877) 617-1565 . If you suspect you are the subject of fraud or dishonest business practices, there are many avenues to report your case: Your local Better Business Bureau can assist you with finding businesses and charities you can trust. Your owner dashboard enables you to receive, track and respond to offers as well as send messages directly to our customer care team for immediate assistance. RedWeek.com is the largest online marketplace for timeshares for sale, and has an A+ rating from the Better Business Bureau. Consumers should continue to be cautious whenever they are solicited by telephone from individuals seeking payment for any services, said Doug Templeton, chief investigator for Pinellas County Consumer Protection in relation to land and real estate sales. They are now under investigation by the FBI and the AG of Florida as I'm told they have stolen over $1, 000, 000. Timeshare Users Group Browse at Tug2.net 1 Twitter 2 Facebook 3RSS 4YouTube The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. The process could not have been easier. In cases where the fraudsters pose as stock brokers, they may assume the identities of real registered brokers without the true brokers knowledge. Timeshare resale companies under investigation are under investigation for a reason so hang up the phone and dont become a victim! How to Choose a Legitimate Timeshare Resale Company Owning a timeshare comes with many perksprimarily access to a swanky resort in a place that you love. Privacy Policy CA Privacy Policy | Accessibility Policy | Do Not Sell My Personal Information | Terms & Conditions. As a condition of the new settlement, he agreed to pay $76,000 in restitution to consumers who were deceived by defendants in connection with the advertisement of the resale or rental of land. By using this website, you agree to our Terms of Use. Newton Group calls itself the longest standing timeshare exit company in the U.S. They've been in business for over 15 years. Rigsbee worked as a FINRA-registered financial advisor at a major bank in Sacramento. The announcement was made today by John Parker, Acting . When you subscribe to our services, we work to get your timeshare seen and sold. Timeshare Resale Scams If you took a loan to buy the property and you still have a balance, stopping payment will have an impact on your credit. Home | How It Works | Our Team | FAQs | Reviews | Contact | Blog, Timeshare Defense Attorneys 2021 All Rights Reserved Privacy Policy Terms of Use. And complaints to BBB reveal exit companies often fail to honor money-back guarantees. A timeshare resale is a timeshare available for sale by the current owner, rather than by a developer, resort, or other entity. In this scam, a timeshare resale company contacts you as the owner and offers to help you sell your timeshare. Led by Attorneys Michael D. Finn and J. Andrew Meyer with over 75 years experience, the Finn Law Group is a consumer protection law firm that specializes in timeshare related matters. If you like the thrill of discovering new locales, you may get bored revisiting the same place year after year. All Timeshare Listings - Magical Realty Images and descriptions depicted may include features, furnishing, and amenities that are subject to change at any time. START NOW. Brian Oglesby with the Better Business Bureau told the media that The company would come to them (the victims) and claim that they had a buyer for their land, or they had a buyer on the spot and all they had to do was pay upfront fees.. 2021 Finn Law Group | Contact: 855-579- 0925 | Powered by: Acute SEO, Finn Law Group maintains this website exclusively for informational purposes.
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