Timeshare Resale Scam Reporting

Programs that provide a hotline, website or other mechanisms that people can use to report scams which target likely sellers of timeshares with the promise that they either have a buyer ready to purchase the timeshare or the assurance that they can sell it. All one needs to do is pay an upfront fee, usually via a wire transfer, to cover closing costs, services, taxes, timeshare maintenance or other fees. Once the target sends the money, no sale, rental or purchase is completed and the scammer disappears. In some cases, a second fraudulent business may then contact the victimized owner offering to help recover the money lost in the first scam for yet another fee. As with the first scam, no money is recovered and telephone calls and emails are unanswered.