Beware of Timeshare Resale Scams

Beware of Timeshare Resale Scams

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Although there are many genuine and legitimate choices to become a Mexico timeshare owner, there are also scammers out there that you should avoid. Most Mexico timeshare owners are quite pleased with their timeshare purchase and happily and regularly enjoy luxurious vacations at a variety of beautiful resorts throughout Mexico. Unfortunately, scammers try to scam existing timeshare owners and have created fraudulent and fake companies. Then they and try to convince timeshare owners that they are actually a legitimate consulting company posing to help timeshare owners. Protect yourself from becoming a timeshare resale scam victim by continuing to read below to learn how.

Details on Mexico Timeshare Scams

In the past, most Mexico timeshare resale scams revolved around companies trying to sell timeshares that they did not even own, or timeshares that did not even exist. Those days are gone. Today, there are new Mexico timeshare scams to be aware of.  These new scammers now focus on scamming existing timeshare membership owners by claiming they can cancel or resell their current timeshare membership. Many times these scammers claim that they currently have a buyer ready to purchase your old timeshare. When you are required to pay an upfront fee to get the selling process started, be aware that you are about to get scammed. Protect yourself and avoid a Mexico timeshare resale scam by being alert and aware, and never, ever pay an upfront fee to a third party.

Mexico Timeshare Consultant Scams

The American Resort Development Association (ARDA) issued an advisory warning a company named “Resort Consulting Advocates” had been scamming numerous timeshare membership owners by telling them that they have buyers that are interesting in purchasing their timeshare membership. Resort Consulting Advocates created false sales documents, and charged the victims a large upfront fee. After receiving payment from the victim in the form of an upfront fee, the fraudulent company was never heard from again.

Fraudulent Scamming Resellers

Unfortunately, there are several Mexico timeshare scammers operating today. These fraudulent scamming resellers regularly change their company names to avoid being caught and prosecuted by legal authorities. Therefore, if you are ever contacted by a Mexico timeshare resale scam company or a Mexico timeshare cancellation company, be very cautious and avoid them. In order to protect your investment, only deal directly with your original timeshare company that you purchased your timeshare membership from. Any issues or complaints you may have about your Mexico timeshare membership should be addressed to the original timeshare company. Remember, never get involved with a third party as they are likely trying to pull a timeshare resale scam on you.

Have You Been Scammed? Now, What Should You Do?

If you have paid a large upfront fee to a company that you later found out was a scammer, immediately contact the timeshare company that you purchased your timeshare membership from and explain what happened. Your timeshare company will then warn other genuine timeshare owners of the timeshare resale scam. Also, contact local authorities, your state Attorney General and the Better Business Bureau (BBB) to make a complaint.

In conclusion, if a third party asks you to pay an upfront fee to help resell or cancel your Mexico timeshare membership, this is most certainly a timeshare resale scam. Never pay any upfront fees and only deal with your Mexico timeshare company that you purchased your Mexico timeshare membership from. By doing so, you protect yourself from being scammed into a timeshare resale scam so you can still enjoy and use your timeshare membership for many, many years to come.

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