Timeshare News – Sun City Timeshare Resale Scam Exposed

Jan. 20, 2012 – Timeshare resale scams are some of the most common business and consumer frauds out there, claiming thousands of victims and millions of dollars each year. However, many people assume these scams are carried out by fraudulent timeshare resale companies, but this is unfortunately not always the case.

Recently, a timeshare resale scam was exposed involving the sale of a unit at Sun City Vacation Club, a popular resort located in Sun City, South Africa. A man was listing the sale of his time in a unit at this resort around the holiday time last month. Another man purchased the unit for R$18,000 (about $2,200 USD). He had no reason to suspect any foul play, because the resort confirmed his reservation. However, a week before he was supposed to leave for his vacation he received a notification that there had been a problem because someone else also owned the same time for the same unit because the owner sold the same unit to multiple people.

Collectively, at least five people lost R$100,000 ($12,000 USD) on the scam. Sun City Vacation Club has launched a full investigation into the issue, but the man responsible for the scam has yet to be contacted or found.

This is a fine example of how people buying and selling timeshares should not assume that resale companies are always the culprits. When there is a market available to make some money, scammers will always find a way to take advantage. In this case, an individual preyed upon people interested in an inexpensive vacation option.

The best way to avoid scams of all types is to work with an experienced and reputable professional. Take the time to research people and companies before you do business with them and only work with those that have a solid track record of providing exceptional service. Timeshare sales and resale scams may be some of the most common business frauds out there, but by only dealing with trusted professionals you can effectively avoid putting yourself in these precarious (and costly) positions.

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Timeshare News – Timeshare Resale Scam Mastermind Sentenced to 15 Years in Prison

Jan. 16, 2012 – They boss behind a timeshare resale scam plot that took $30 million dollars from 22,000 timeshare owners has been sentenced to 15 years in prison. The mastermind behind the scheme, Jennifer Kirk, pleaded guilty to charges of conspiracy to commit mail fraud and wire fraud.

Kirk hired telemarketers to her Florida-based companies, Universal Marketing Solutions and later Creative Vacation Solutions, to make unsolicited calls to people interested in selling their timeshare and claim to have buyers lined up for their timeshares. They then took thousands of dollar from the victims across North America and Puerto Rico, who believed that the money would be returned once the sales process was complete. Kirk’s company actually sold very few of these properties and pocketed the money.

Federal U.S. District Judge G. Patrick Murphy rejected her request for a shortened sentence, begging the judge to take her young daughter into consideration. However, the judge ignored her pleas and scolded her for even considering starting a family when she knew she was being federally investigated. She was also fined $15,000 but was not ordered to pay restitution due to the scope of damages.

Some of Kirk’s former employees are also facing jail time. Three of her employees went on to create Real Timeshare Marketing, and using the same tactics scammed $1.3 million out of their customers and are serving prison sentences that range from 18 months to 10 years and have been ordered to paid back the money they stole.

The only way to avoid these kinds of timeshare resale scams is to know how to identify their shady sales tactics and refuse to pay upfront fees. There are plenty of timeshare resale companies out there that can help you successfully sell your timeshare without charging ridiculous fees and scamming you out of thousands of dollars of your hard earned money.

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Timeshare News – Former Timeshare Resale Firm Employees Admit Fraud

Jan. 2, 2012 – Thirteen employees from a now-defunct timeshare resale company have admitted to fraud in front of a federal judge to committing fraud over the past two months. The company, which was known as Timeshare Mega Media, was one of the most successful timeshare resale scams in recent years. So far, the thirteen former employees have admitted to scamming customers out of over $5 million dollars in less than a year according to the Federal Trade Commission.

In what is called a “naked fraud”, Timeshare Mega Media – which was run by two felons – took as much as $10,000 at a time from customers who believed the company was going to get rid of their timeshare by selling it to pre-existing buyers with the expectation that a portion of their money would be refunded once the timeshare was sold. However, the buyers never existed and the money was never returned.

After raiding the company’s Ft. Lauderdale office in July 2010, the FTC filed a lawsuit against the company and confessions from former staffers have continued to roll in. Fifteen people have been arrested so far, with 13 having admitted to conspiracy to commit mail and wire fraud, which can carry up to five years in prison. The 14th employee will more than likely take a plea deal and the 15th passed away a couple of months ago.

This is just one example of the importance of researching timeshare resale companies before you pay any upfront fees. Timeshare resale scams are a real threat to people who are desperately trying to get rid of their timeshares. By knowing what to look out for, doing your homework, and never paying upfront fees in excess of $100 can help you to protect yourself (and your money) from these potentially devastating frauds.

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Timeshare News – Timeshare Owners Win Settlement In Special Assessment Fee Suit

Dec. 23, 2011 – One of the biggest complaints that timeshare owners often have are those associated with maintenance and special assessment fees. These are also the top reasons that people give for wanting to sell their timeshare. However, a group of timeshare owners recently one a suit filed against their timeshares for wrongful assessment and won, instilling hope in many others that they will no longer be pressured to give more money to their timeshares unnecessarily.

The class-action suit was filed on behalf of 11 California residents who owned shares in the Hawaiian Raintree Vacation Club resort. In fall 2009 it was announced that the resort would be issuing a special assessment to upgrade internet access and other resort amenities. However, instead of rolling the upgrades out over a long period of time they were going to be done fairly quickly, which meant that owners had to pay up fast. The special assessment varied depending on type of timeshare owned, but essentially doubled the already expensive maintenance fee that owners assumed would pay for such things. Failing to pay on time suspended owners’ membership privileges and could potentially damage their credit. Since many did not have hundreds, if not thousands of dollars to immediately cough up at the same time expensive maintenance fees were due, many did not pay.

The owners won the suit and not only were given back their membership rights and avoided any damage to their credit, but all members were also given bonus time at the resort. The win has given new hope to disgruntled owners and to the possibility that other issues arising from timeshare ownership, such as unchecked and consistently rising maintenance fees, developers who also manage their resorts, and unsavory sales tactics may also be legally addressed.

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Timeshare News – Timeshare Resale Scams Pose As Imposters in Desperate Attempt to Make Money

Dec. 16, 2011 – Timeshare resale scams have been one of the most prevalent business scams in recent years, coming in at a shocking #4 spot on the Better Business Bureau’s annual list of common scams. Preying on the desperation of timeshare owners who needed to get rid of their properties before they went into timeshare foreclosure made it easy for these scammers to rip people off, but not anymore because they are now the desperate ones.

For years, timeshare resale scams have been conning money out of timeshare owners who want to sell their timeshares with empty promises that they have buyers ready and waiting to take possession of their property, all they need is an upfront fee. They never really had to worry about the fact that they didn’t hold a valid real estate (or even a business) license, because people were so desperate to sell their timeshares, any help offered was welcome.

These techniques have worked well for them for a long time, but now timeshare owners are getting wise to the prevalence and shady ways of these scams. They are educating themselves in what to look for in a reputable company, what red flags to watch out for, and how to avoid these scams.

However, in a desperate attempt to still rake in money, timeshare resale scams have adopted a new scheme: posing as an imposter. To gain the trust of their potential victims, timeshare resale scams are now posing as reputable companies under the names of licensed brokers from the Licensed Timeshare Resale Brokers Association. In doing so they can create a false sense security by encouraging owners to look up the name of the company or broker (usually while on the phone during an unsolicited call) to prove their legitimacy. The only problem is they are not who they say they are and the base of their scam remains the same: they want you to pay upfront fees for their services.

The only way to avoid timeshare resale scams is to never pay upfront fees. There are reputable, legitimate, licensed companies available to can help you sell your timeshare without charging upfront fees. If you are still wary of a company, ask to call them back, contact that company or broker they are claiming to be to make sure they are who they say they are.

Protecting yourself is essential when working with any company, so even though timeshare resale scams are changing their tactics, continuing to be skeptical and arming yourself with the facts is the best thing you can possibly do.

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Timeshare News – Resort Managers Forced to Crack Down on Timeshare Foreclosure Proceedings

Dec. 9 – It isn’t uncommon this time of year for there to be a rise in timeshare delinquencies, but it appears the once lax approach many resort developers and managers have taken on this issue is becoming more rigid, which affects nearly everyone who owns in any given property, including other owners.

Even though timeshares only cost a fraction of what a normal vacation property would, they are subject to the same laws as a property that costs significantly more. Each year, timeshare bill owners for the cost of the property upkeep in the form of an annual maintenance fees, which on average ranges between $300 and $800. If an owner falls on hard times and can no longer pay these fees, the property can be foreclosed on. For many years a resort could simply take possession of the property to give the owner an opportunity to become current on past due bills. Another option was that they simply resold the property without forcing expensive foreclosure proceedings on the delinquent owner.

However, in recent months much new legislation has made this more difficult to do. Now, many mangers and developers are being forced to begin lengthy and costly foreclosure proceedings on delinquent properties. A timeshare foreclosure costs around $1,000 and is paid for by the other owners of the property as well as the foreclosure going on the delinquent owners credit report. This means everyone pays, and even a $3,000 timeshare foreclosure affects credit the same as a $500,000 vacation home would.

Many managers and developers feel there must be a better way to handle these types of issues, but with new laws regarding timeshare being drafted all the time, it can be difficult to keep up with and change.

The easiest way to avoid timeshare foreclosure is by getting rid of your timeshare before it becomes an issue. Seeking professional advice if you are facing timeshare foreclosure can not only save your credit, but avoid a problem before it gets out of hand for many other people as well.

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Timeshare News – Timeshare Payment Delinquencies Rise in Third Quarter

Dec. 1, 2011 – Today the latest timeshare information from the ABS index from Fitch Ratings showed that timeshare delinquencies on mortgage payments has gone up for the third quarter of this year, and industry experts don’t seem to be too shocked. With the current economic climate and the holidays fast approaching, making timeshare payments a low priority on the financial lists of many owners.

However, while this doesn’t appear to surprise anyone, especially since it reflects what industry experts have come to consider a “normal trend” this time of year, the fact that people are either unable or unwilling to make timeshare payments is a disturbing one.

Many people don’t realize when they purchase a timeshare that, even though they do not own the property in its entirety, it is still a piece of real estate and is subject to the same laws and regulations. If you fail to make the mortgage payments on your house, it will be foreclosed on. If you fail to pay your mortgage or maintenance fees on your timeshare, you can also potentially face a foreclosure and all the damaging affects if can have on your credit.

Any industry expert will recommend, no matter what, that you do not stop paying your timeshare mortgage or maintenance fees. The damage this can do to your credit is the same as if your house was under foreclosure, potentially dropping your credit as much as 300 points.

If you have found yourself unable to pay your timeshare mortgage, it is important you seek professional assistance, like those offered here at TimeshareSecrets.com, in order to avoid timeshare foreclosure by selling your timeshare or coming to an agreement with your developer to forgive delinquencies.

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Timeshare News: Marriott Vacations Worldwide Goes Public

In a long awaited move last week, Marriott International finalized the last step of its timeshare spinoff by taking the company development known as Marriott Vacations Worldwide public. It started traded Monday under the name “VAC” on the New York Stock Exchange, and shares in the new company were split among already existing shareholders. It closed at just over $17/share on its first day as a public company.

This is a long-awaited move for Marriott, who operates over 3,700 timeshare properties around the world. By finally making this branch of Marriott its own, individually operating company it allows the hotel giant to dedicate more time and development opportunities to their other properties while allowing the timeshares to get the attention they need to continue to function to their high standards while allowing the timeshares to be able to expand and develop in ways that it may have not been able to while part of Marriott International.

As far as people who already own Marriott timeshare properties, not much will change. Over 400,000 members own shares in the company’s three markets; Marriott Vacation Club, Ritz-Carlton Destination Club, and Grand Residences by Marriott which operate in locations throughout the United States, Caribbean, Mexico, Europe, Asia, and Africa. The usually thriving timeshare prospect took a hit during the recession, but Marriott is confident that by spinning the company off into its own, publicly traded entity they can continue to provide the exceptional and world-renowned vacation experiences they have come to be known for to its timeshare owners.

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Timeshare Industry News – Collection Agency to Educate Timeshare Developers and Operators on Maintenance Fee Collection Practices

Nov. 1, 2011 – In order to help timeshare operators and developers keep better tabs on maintenance fees and build strong portfolios, a leading collection agency is reaching out to timeshare companies in order to educate them on how to collect and enforce their payment requirements from owners, including mortgages and maintenance fees.  Aspen Collection Agency will be offering advice and tips to industry figures like timeshare HOAs, managers, developers, operators, and pretty much anyone else who has vested interest in protecting their portfolios and collecting from owners.

In a timeshare market where more people are trying to get rid of their properties instead of buying them, it makes sense that timeshares would want to protect their interests and crack down on making sure their owners pay their mortgages and maintenance fees. A common practice among disenchanted timeshare owners is to just stop paying on properties they get little use from, but many have found out the hard way that this is can often lead to costly timeshare foreclosure and extensive damage to credit.

However, it seems that timeshares are still more interested in getting paid than restoring to foreclosing on unpaid properties. The new information they are being offered by the Aspen Collection Agency is designed to teach them how to collect, and not foreclose.

If you are behind on your timeshare payments, even if you intend to or are currently trying to get rid of your timeshare, it is important to square up on your past due bills. As is apparent in timeshares reaching out for better collection methods, they want you to keep your timeshare. Ownership is at an all time low, and the last thing these companies want is to lose more timeshare owners. Many will work with you in order to get you current on your timeshare in order to avoid the lengthy foreclosure process and lose another owner.

Once you have worked out a new agreement with your timeshare, you no longer need to worry about the hassling collection calls that will soon be coming and you can take a broader view of your property and decide if you want to keep your property or sell to make more room in your budget.

The Aspen Collection Agency is known in the industry for using firm, aggressive tactics to “remind owners of the value of their timeshare” and collect on past due bills. With more developments beginning to learn and utilize these tactics, you will want to get current on your timeshare as soon as possible and then decide the next logical step for you and your family.

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Sell Your WorldMark Timeshare Once and For All!

WorldMark timeshares are some of the most popular and desirable timeshares available, but this doesn’t mean that owners who currently own these properties don’t want to sell their WorldMark timeshare. Timeshare contracts are designed to commit people to a lifetime of ownership, and many times this is simply not possible. Due to a variety of reasons, not everyone is able to keep their property forever, and the only way out is often to sell.

Because of their popularity, the secondary market is flooded with WorldMark timeshares. This is great news for someone who is interested in buying a timeshare on the resale market, but bad for those trying to sell their WorldMark timeshare and hope to do so quickly.

So how can you give your timeshare the upper hand in a competitive resale market? Most choose to hire a timeshare resale company to help them attract and secure interested buyers. This is a smart idea because these companies have the resources to sell your property quickly, but you must be careful. Due to the amount of people trying to sell their WorldMark timeshare, or any other timeshare for that matter, there are also many resale companies who are only interested in taking your money and ripping you off.

In order to help you find reputable and honest companies to help you sell your timeshare we created TimeshareSecrets.com. Here we have gathered the industry’s most successful companies so there is no guesswork involved in finding one you can trust. Each company we recommend boasts an A+ rating with the Better Business Bureau and never charge upfront fees for their services. They have also spent years building relationships with developers like WorldMark to make your timeshare resale as easy and fast as possible – in 24 hours in some cases!

All you have to do is contact one of our timeshare resale specialists. They will review your request and pair you with the company that can help you sell your WorldMark timeshare once and for all. If you choose to accept the no-pressure offer from one of these highly regarded companies, you work is done! Sit back and relish the peace of mind knowing that you never have to worry about your property ever again because these professionals handle everything else, including communication with your developer and title transfer. It couldn’t be any easier, safer, or faster, so why waste another day paying for a property you don’t use or want?

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…