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Mexico Timeshare Scam

Mexico Timeshare Scam
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Beware of timeshare scams in Mexico: The second country with more timeshare developments in the world

According to recent tourism studies, Mexico is the second country in the world with more timeshare developments, which means timeshare industry is very strong in this country. To date there are over 500 resorts in Mexico operating as timeshare developers, and the number is still growing.

Every day, many vacationers are invited to a “free breakfast” and a “free tour”, this with the intention to sell them a timeshare. Although many of them accept the invitation with no intentions to buy, a considerable percentage goes out of the presentation with a new contract and with no idea of what they just bought. Learn more about the Mexico timeshare scam and how to avoid falling for a fraud.

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Mexico Timeshare Scam

Tourism in Mexico is a very big industry; in fact, Mexico appears in the list of the 10 most visited countries in the world. With millions of tourists arriving annually, timeshare companies take this as the perfect opportunity to sell timeshares. From the airport to the streets, there are many timeshare salespeople, AKA, timeshare sharks, trying to invite vacationers to the resorts for a “free tour”. 

Why are there more cases of timeshare scams in Mexico than in the US and Canada?

Mexico is a developing nation, and its economy relies heavily on tourism. With its beautiful beaches and surroundings, it should be easy to sell timeshares in Mexico, but because of the bad reputation the concept is gaining, it’s not easy to do it in an ethical way. Therefore, a big number of timeshare companies use fraudulent sales tactics to boost their sales, which is a Mexico timeshare scam. The government in Mexico is working on making more strength regulations regarding timeshares, but there are still many timeshare developers who do not respect the sales practices regulations.

mexico timeshare scam

Most Fraudulent Timeshare Companies

PROFECO (Mexican’s Consumer Protection Agency) is an organization of the Mexican government with the objective of protecting consumers against frauds or scams made by companies operating in Mexico. With over 5000 complaints per year, timeshare are one of the items they receive more complaints about. According to PROFECO, from January to March, 2012; these were the timeshare companies with more complaints:

To know more about fraudulent companies visit our black list of timeshare resorts.

timeshare regulations

Law and Regulations

Due to the increasing number of complaints about timeshares, on May 17, 2010; new regulations were established in Mexico. Some of these regulations are:

  • It is strictly forbidden the offering of any promotion such as free breakfasts and vacation certificates without informing the consumer the real purpose of the offer.
  • During the presentations, customers should be aware of their right to cancel the contract within 5 days since the agreement was made.
  • All verbal promises must be established in the timeshare contract.
  •  All charges that are intended to be made must be clearly described.
  • Timeshare salespeople have no rights to harass people during their vacation.

Any Company that doesn’t respect these rules is committing a Mexico timeshare scam, and should be reported to PROFECO. Within 2 years, it is planned to reduce the number of timeshare sellers on the streets and to remove them from the airports, but those plans are not yet confirmed.

When you think it’s too late…

There are hundreds of people who have become victims of a timeshare scam in Mexico. Many of them have tried to contact PROFECO to solve their cases, but unfortunately, because of huge number of cases, their ability to assist timeshare defrauded customers is very limited.

If you have purchased a timeshare in Mexico, and feel that you were not given what you were promised, contact us at Mexican Timeshare Solutions for help.  At MTS, our professional staff will work hard on your behalf to ensure that justice is obtained. Contact MTS for a free consultation on how to cancel your timeshare contract.

Information to Share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?

  • Share this link http://www.timesharescam.com/blog/103-mexican-timeshare-fraud/ on your favorite blogs and forums

 

Leave your comment below and share your opinion with us.To know more about timeshare frauds in Mexico visit:

Mexican Timeshare Fraud

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32 Comments
  • Juan de Dios Heredia LlanosJune 19, 2018, 2:15 pm

    Qué debo hacer para cancelar mi contrato si ya pasaron los 5 dias (nunca me dijeron el plazo hasta que leí completamente el ontrato ya era demasiado tarde) no he utilizado el servicio y ya no cuento con capacidad financiera para continuar pagandolo.

  • Georgina ferruzca mora February 2, 2018, 3:37 pm

    Buenas tardes estoy viendo la posibilidad de comprar una membresía con grupo integra pero quiero saber si es confiable ustedes me podrían ayudar para saber si me conviene? Gracias.

  • Joana S.April 11, 2016, 9:53 am

    I love Mexico , my husband and i we like to travel a lot , and our favorites places to go is always Mexico , is such a shame of the resorts who operate inthe timeshare field, many times the salespersons of different resorts offered their membership to acquire a timeshare, we never accept , because we know how difficult is to make a cancellation after

  • CesarDecember 29, 2015, 11:02 am

    Estoy en trámite de cancelación si no se puede cuanto costo tiene con ustedes?

  • Carmen November 23, 2015, 10:57 am

    Yo y mi esposo fuimos victimas de mayan palace, ubicado en cancun mexico , asistimos a la presentacion del tiempo compartido y si nos convencieron y firmamos, lo usamos como 2 ocasiones de ahi en fuera nos pedian hacer un upgrade para continuar con el servicio , nos rehusamos y de ahi ya no nos dejaron usar nuestro tiempo compartido

  • David MorganMay 12, 2015, 10:16 am

    Timeshare = no, never. Just don't do it.

  • Sofia AmbertJanuary 5, 2015, 10:31 pm

    Is to sad that those kind of things happen in mexico , i love mexico really , i have some parents living there, i was living there like 7 years, and i love it , but in this case , for own experience all the timeshare stuff is a totally a fraud , my husband and i bought a timeshare on mazatlan ,beach , we love that city , we love the people , but actually we have a lot of complaints with the maintenance fees, is completely insane the cost of $$ that we need to spend in that.. very sad situation.

  • evic pinOctober 14, 2014, 11:31 am

    Hello,

    Has anyone read anything about the current Mexican timeshare scams? I've found a few things online warning people but nothing explaining how to get rid of one. I bought one for my parents a few years back (they're big Mexican tourists) and have come to realize that I got more than I bargained for.

    Thanks,

    Vic

  • MichBeckSeptember 22, 2014, 10:06 am

    Timeshare Ownership has consistently been known for three things: beautiful properties, incredible destinations and FRIGHTENING sales practices. Nevertheless, the reason for owning a timeshare has never changed – people simply want to spend quality time with their family and friends. Unfortunately, after being deceived by their developer, the majority of timeshare and vacation ownership owners have forgotten why they purchased a timeshare in the first place. They find themselves scratching their heads trying to figure out how they wound up deep in debt and angry over the process that landed them there.

  • ChristinaAugust 5, 2014, 12:49 pm

    It's unfortunate that people get sucked into these kind of overhand pressure tactics when looking to buy timeshares.

    These are ten excellent tips on how to redeem yourself if you acquired timeshare without fully undersatanding the ramifications.

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