People looking to sell their timeshares should be wary when someone asks for up-front payments before any services have been provided. That’s almost always a sure sign of a resale scam.
NASHVILLE, Tenn., (PRWEB) June 22, 2015
Anyone can be a victim of a timeshare scam. Time and time again, fraudulent salespeople have duped otherwise-educated consumers. Wesley Financial Group CEO Chuck McDowell breaks down some signs of common timeshare resale scams and offers advice on how consumers can avoid them.
McDowell has considerable experience as a consumer advocate within the timeshare industry. His firm, Wesley Financial Group, helps timeshare owners void contracts that were entered into as a result of fraud, misrepresentations or a narrowly defined type of activities that were part of the sales presentations, closing discussions and/or during the term of the relationship itself.
“People looking to sell their timeshares should be wary when someone asks for upfront payments before any services have been provided,” said McDowell. “That’s almost always a sure sign of a resale scam.”
A common tactic used by timeshare resale scammers is to request money up-front for closing costs, taxes or other fees, promising to have an interested buyer who is willing to offer a good price. If a deal sounds too good to be true, it likely is.
Consumers should thoroughly research a company before agreeing to conduct any business. Contact the State Attorney General, the Better Business Bureau and local consumer protection agencies to ensure that the business is registered with the state and licensed to practice real estate. Another suggestion for consumers is to check in with the resort to see if the resort has ever worked with the reseller before. The American Resort Development Association also offers information for consumers looking to sell timeshares.
“Don’t fall prey to high pressure sales tactics over the phone,” said McDowell. “Refuse to agree to anything before doing extensive research on the business.”
Customers should request all offers in writing and carefully read through the documents before signing anything. At Wesley Financial Group, clients are walked through each step of a custom “timeshare contract cancellation” plan. According to McDowell, forming a strong, trusting relationship with a timeshare advocacy group is a crucial first step.
About Wesley Financial Group:
For more information about Wesley Financial Group, visit http://www.wesleyfinancialgroup.com. To contact Wesley Financial Group CEO Chuck McDowell, call 615-288-2000. Chuck McDowell, Wesley Financial Group LLC and its employees and representatives provide accurate and authoritative information and consultation about the timeshare industry. They are not engaged in the practice of law and cannot render legal advice.