Are Timeshares a Scam?
Abstract
What's more, these brands and members have also formed the Coalition for Responsible Exit to protect owners from timeshare scams on the resale market. Many of these timeshare scams are seen most often within the timeshare resale industry. Many people have been taken advantage of by illegitimate "Timeshare exit companies." These companies will call out of the blue, claiming that there is a buyer ready to take over your timeshare. While timeshare itself is not a scam, the timeshare industry does seem to attract fraudsters every now and then. How can you tell the legitimate timeshare resale companies from the scam artists? Who can really help you exit your timeshare, cancel your timeshare or sell your timeshare? When you're thinking about buying or selling a timeshare, it can be worrisome to think about whether you're working with a good company. The best place to start when you are researching how to sell your timeshare is by asking your resort or HOA. Even if you are behind on your payments, they would rather help you find a legitimate resale service than become a victim of timeshare fraud. Some companies even have their own in-house programs, like Wyndham Cares, which offers multiple free options for Wyndham owners who no longer want or use their timeshare.