From a small newspaper in Stow, Ohio came today’s story of an unsuspecting and hopeful timeshare owner getting scammed out of thousands of dollars. Here’s a piece of the story from the Stow Patch:
“The man, 51, told police he was “tricked” into believing that his timeshare was sold by First Capital Financial. He mailed the company a $2,276 check for processing fees before finding out that it may be a scam.
The man said he has not been able to contact the company since he mailed the check in mid-January.”
This story could be repeated in hundreds, if not thousands, of towns across our country. A timeshare owner gets a call out of the blue from someone who can seemingly solve their problem: Produce a buyer for their unwanted timeshare. Desperate for a sale, the timeshare owner abandons caution with the hope of a sale and forks over money without any validation at all.
Weeks and months go by without a return call from the timeshare scam reseller and “POOF” they are gone with your money and you are still holding a deed to your timeshare.
Timeshare resales is best left to professionals who have a track record you can check out. Credentials like being members of their local association of Realtors or the National Association of Realtors would really help matters. Do your homework and don’t let this timeshare scam happen to you.