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Timeshare scammers are still on the loose |
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Written by TSD Staff
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Various states have achieved settlements over the past year with several businesses that handle timeshare resale cases. These companies are infamously known for delivering huge promises in selling timeshare properties that are no longer wanted by their owners but usually ask for big fees upfront prior to delivering their services.
During a period of eight months, Vermont Attorney General William Sorrels was able to reach settlements with a couple of timeshare real estate companies that he charged with fraudulent business transactions. The states involved include Missouri and Massachusetts.
Meanwhile in September of last year, Illinois Attorney General Lisa Madigan issued a warning to timeshare owners in her jurisdiction about scammers that have been reported to operate in the state. These shady timeshare reselling companies collect large upfront fees but do not fulfill their services according to previous conversations with their victims. Timeshare owners end up losing money while still being stuck with their unwanted properties.
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