If you have been victimized by either a timeshare resale firm or a timeshare resort, add your complaint below.
Timeshare Scams and Fraud
Posted: Sep 29, 2015 by lise bureau
Have lost $6588.28 as a result of this scam. They were to sell our timeshare and we were to receive the money today. called and of course they cannot answer our phone as of now.
Posted: Sep 24, 2015 by Syl and Ben Lobato
We entered into a sales agreement with this company April 9 2015. Paid closing fees of $4000.00 plus prepaid income tax in the amount of $2490.00 bougus form they used). Closing date came and past, we were informed that the buyer did not have his entrance fee of $6000.00 paid, therefore no closing. We agreed to extend for a time as he would have his money in a couple of weeks. Next we were informed that he died and that they had refunded his non refundable deposit of $4000. but not ours as they had another buyer but wanted an additional $2500 for closing we said no...none of this new buyer was in writing and we never signed a new sales agreement. All we wanted was our refund of fees paid. The escrow company did not hold the funds in escrow but had dispersed to the Timeshare Resal... Read More
Posted: Sep 24, 2015 by Anonymous
Please, find attached a copy of the purchase agreement. Remember, this is only a copy. We will be sending the actual contract signed and notarized by the buyers.
Once you get the actual contract, you must placed your initials on the first (1) and second (2) pages and sign the third (3) page. Please, scan the mentioned pages and email it back to us, that way we can complete the closing and release your funds within due time. This procedure takes four (4) to five (5) business days. If you have any questions in regards to this matter, please do not hesitate in contacting us.
I look forward to hearing from you and thank you in advance for the opportunity to work with you.
Posted: Sep 21, 2015 by Myrna Earl
Company promises resorts everywhere at a reduced price or maximum of $499 for 1 week. They make you wait 45 days so that you cannot cancel. When I received my package, I tried to book my stay at Hard Rock Hotel in Cancun (as that's the one they told me I could get as it was part of the deal) and it turns out, it's way over the points I have, it doesn't qualifies for the $499, it's actually almost $4000 (booking by yourself at their website is around $4600 for 4) and it's only available certain dates. So by the time I pay their fees & payment, I'm actually paying more. When I called them, they had the nerve to change their talk to, well, you only get those prices for resorts and is around $499 but it is not guaranteed. It depends on booking and availability and you are not ... Read More
Posted: Sep 12, 2015 by Anonymous
In response to an online listing of my timeshare, I was contacted by the "company" which stated that they had persons who were interested in purchasing my timeshare.
I quoted a price of $26,000 and we settled on $25,500.
A Contract of Sale & Purchase was made and entered into by and between the following parties: Angelo L. Mancini & Regina S. Moretti, Palma Areca Street #202, Punta Cana Village, Hiquey, DOM. and me. As Seller, I was to provide $900 for closing cost.
On August 25, a signed contract was provided for me to initial and sign. The closing cost was sent to Sherlyne Deny, Punta Cana, DOM.
On September 1, I received a letter of congratulations with a copy of the check and was told to call back ASAP.
I was then told that item #4 of the contract stated... Read More
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