A timeshare is a kind of vacation ownership where a person buys a right to vacation at a certain timeshare resort for one week each year. The problem here is some timeshare owners tend to be too eager to unload their contract that they often become prey of fraud. That’s why every timeshare fraud attorney tells his or her clients to be cautious of companies or individuals who offer contracts that are just too good to be true. Here are a few of the common stages of timeshare fraud you should know.
A Company Reaches Out to Offer Assistance
It would sound too fishy if someone tries to get in touch with you and offers you help just in time when you want to get rid of your timeshare. You might want to be cautious about it, especially if the company makes a claim that the market within the area is in demand, or promises that they have plenty of buyers interested with the property. Check the company’s profile for any reviews, complaints, or feedback so that you’ll know their reputation.
They Ask You to Pay First
Once they’ve noticed that you’re interested with what they have to say, they’ll soon ask you to pay before assisting you. A fraudulent company will ask you to pay a certain amount of fee before giving any help. Most people would eventually pay up to get the help that they need.
There’s Never Really a Buyer
Soon after, you’ll then realize that you’ve been played all along. It’ll become clearer to you that there was never actually a buyer to begin with. And since you were too eager to get rid of the timeshare, you’ll soon realize that you’ll never get your money back because it wasn’t stated in the refund policy.
Learning everything that you can about the entire process is essential so that you’ll know what to do once it happens. Ensure that you’re working with an accredited company who knows a lot about timeshare issues so you’ll have the support that you need.