For over 7 years, Timeshare Closing Group has received calls from timeshare owners asking questions about a potential sale of their timeshare. The facts of the situations are always very similar. Typically, a cold call offer from an outfit that sounds legitimate offering to go to contract on the sale of a timeshare for a […]
There are honest, reputable brokers making contact with buyers and sellers everyday to put deals together on a sale of a timeshare property. Unfortunately there are some fraudulent outfits contacting sellers with offers to purchase that normally sound to good to be true. If someone has contacted you regarding a potential sale and indicated that […]
The Timeshare Industry is constantly on the watch for deceptive and unethical business practice. Seemingly every ethical pocket of the industry that provides honest assistance to owners, often becomes the focal point of unethical or deceptive companies looking to take advantage of customers. Unethical companies often mimicking the successful business plan of legitimate companies, while preying […]
What is a timeshare resale? A time share resale is simply a timeshare villa (either a week, interval, or points), which is being sold by the current owner rather than by the resort. In most cases the owner purchased it directly from the resort at a much higher price than the asking price on the […]
They sing a popular song in the south that goes… In Birmingham, they love the governor…, timeshare owners looking to sell their unit should just substitute Tallahassee. Specifically they should love the Governor of Florida, Rick Scott. Earlier this month, Florida’s new Timeshare Resale Accountability Act went into effect. The law specifically regulates sales in […]
Let me paint a picture that is a snapshot of nearly every resort purchase experience. You’re on vacation, you show up for a presentation, at the end of two hours you reluctantly say yes, and two hours after that you rushed to sign paperwork because the kids are ready to go and you’re late for […]
The Timeshare resale market is by no means a new wrinkle to the global timeshare sales world. The Timeshare industry projects sales for 2012 to exceed $8 billion dollars in U.S. sales alone. While a small percentage of that figure is made up of timeshare resales, that percentage continues to grow yearly as the timeshare […]
Recently in New Jersey, nine people were arrested for their alleged roles in a $2.4 million mail fraud conspiracy involving time share mortgages. You can review the entire Department of Justice press release to the right. The mail fraud arrests actually total 16 people, as seven others outside of New Jersey were also charged in […]
A special assessment is a bill that timeshare owners receive from the Resort Developer or Home Owners Association for shared property expenses that are not part of the normal operating HOA budget. This fee is paid in addition to annual maintenance fees and is not covered by the reserve fund maintained by the HOA and […]