The owners who want to get out of their timeshares maybe vocal about their sentiments these days but the victims of timeshare scams are more strident as they have been reaped off of their hard-earned money. In Florida, as the cases of timeshare scams are still prevalent, Attorney General Bill McCollum continues to go after those in the timeshare resale industry who engage in questionable and fraudulent practices.
Among the actions of the AG’s office is what they call a significant settlement that could yield as much as $1.3 million in consumer refunds and the filing of a lawsuit against a major player in the state’s timeshare resale industry. McCollum also revealed the ongoing investigations into at least 17 timeshare companies and their affiliates throughout the state for deceptive trade practices.
Meanwhile, the attorney general noted that the Florida’s consumers are trying to make prudent financial decisions but many timeshare resale companies are blatantly scamming people by promising sales or refunds and failing to provide services even after taking hefty up-front fees.
Those owners who want to get rid of their timeshares are the most likely victims of scams nowadays as most of them are very eager to dump such properties. But for some owners, they hire a timeshare transfer company such as the Transfer Smart to get rid of it. Thus, if you’re one of these owners, be cautious when dealing with resale companies or any representative offering to sell your timeshare as they usually operate with very attractive offers.