Over the last three years, the resale companies have advertently gained too much profit from timeshare owners who badly wanted a release from their timeshare fee obligations. And these companies have been searched by the concern agencies to face the complaints filed by timeshare owners against their unsound business practices.
Timeshare owners complained about resale companies’ inability to honor their reimbursement agreement. It has been said that if the unit is not yet sold within the specified duration of time then, a refund must be given to the owners. Owners kept on calling the company but the latter don’t call back. Some couldn’t even locate the resale companies anymore. The profits gathered by these deceitful companies have affected the timeshare industry alongside the recession that hit in 2008.
The example above shows us why timeshare owners became instant victims of the frauds surrounding the timeshare community. They have engaged themselves in the reselling process without setting aside time to research on the reputation of the resale company and the procedures they implement.
To avoid all these, owners must therefore conduct a background check on the financial status of the resale company over the last few years. Check whether they were issued significant number of complaints. This can be easily accessed with the help of Better Business Bureau’s (BBB) list. BBB is responsible for listing the resale companies that have violated the consumers and states’ laws because of their unethical business practices.
A resale company must not ask for upfront fees. It must do its part first like advertising it to all networks. This will give owners an assurance that the resale companies are really doing their best to resell the unit. If they ask first of fees, then you might as well turn it down. Chances are, they might just collect the money and disappear with no traces at all. Even if you haven’t agreed on this term, you must report to the Attorney General on the kind of practices this company have. It will help lessen the number of timeshare cases.
Why should you engage with reselling still when in fact the examples above clearly states how harsh circumstances could be? For a sure timeshare exit solution, try to look for other services such as the transfer title system that holds no fees at all.
Timeshare owners complained about resale companies’ inability to honor their reimbursement agreement. It has been said that if the unit is not yet sold within the specified duration of time then, a refund must be given to the owners. Owners kept on calling the company but the latter don’t call back. Some couldn’t even locate the resale companies anymore. The profits gathered by these deceitful companies have affected the timeshare industry alongside the recession that hit in 2008.
The example above shows us why timeshare owners became instant victims of the frauds surrounding the timeshare community. They have engaged themselves in the reselling process without setting aside time to research on the reputation of the resale company and the procedures they implement.
To avoid all these, owners must therefore conduct a background check on the financial status of the resale company over the last few years. Check whether they were issued significant number of complaints. This can be easily accessed with the help of Better Business Bureau’s (BBB) list. BBB is responsible for listing the resale companies that have violated the consumers and states’ laws because of their unethical business practices.
A resale company must not ask for upfront fees. It must do its part first like advertising it to all networks. This will give owners an assurance that the resale companies are really doing their best to resell the unit. If they ask first of fees, then you might as well turn it down. Chances are, they might just collect the money and disappear with no traces at all. Even if you haven’t agreed on this term, you must report to the Attorney General on the kind of practices this company have. It will help lessen the number of timeshare cases.
Why should you engage with reselling still when in fact the examples above clearly states how harsh circumstances could be? For a sure timeshare exit solution, try to look for other services such as the transfer title system that holds no fees at all.
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