These companies then vanish, change their phone numbers and start the solicitation process all over again. In many cases, the title transfers to a non-existent party or a limited liability corporation (which are known as Viking ships, full of empty timeshares). Months down the road, you may or may not get word that title has been changed to someone else. You will pay, on average, $5,000 for this service. They will "guarantee" to get you out of your timeshare and transfer title to a third party. Their high-pressure pitches are disarmingly simple. Bottom line: timeshare rip-offs are still prevalent in the marketplace. But law enforcement officials also say that timeshare scammers are getting more and more sophisticated, to both hoodwink sellers and avoid prosecution. The American Resort Development Association, the trade association that lobbies for developers, says the situation is getting better, thanks to legislation enacted in many states to crack down on companies that defraud sellers. This lack of coverage actually compounds the problem, leaving owners with very few reliable places to get straight information about the safest way to get of rid of their timeshares. Timeshare scams are old news - they are so commonplace, in fact, that most news organizations ignore them. Timeshare scams still prey on owners who are desperate to sell Just as important, we offer tips on ways that you can protect yourself while trying to sell your timeshare. Here's our latest report on the opportunistic - and probably illegal - timeshare scams that prey on owners who really want to sell or even give away their intervals. They use words like "timeshare relief" and "timeshare redemption," but the only thing they are trying to do is relieve you of thousands of dollars. We get asked, all too often, about companies that solicit timeshare owners to help them "get out" of their timeshares. I want to sell my timeshare, but how can I trust this isn't just a scam? I have been approached by companies claiming they can sell my timeshare quickly, and there are already buyers waiting.
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