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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
  • Héctor López MartinezJuly 29, 2014, 8:11 pm

    Saludos!!!

    Tengo un contrato con Pacifica Resort que me gustaría cancelar. Me gustaría recibir asesoría por parte de su grupo.

    Como dato adicional puedo mencionar que el contrato no menciona en ninguna clausula el periodo mínimo de 5 días hábiles para la cancelación del mismo, solo menciona el pago del 60% sobre el total para poder cancelar.

  • AshleyJune 3, 2014, 3:46 pm

    it would be great if mexican timeshares were safe, it's a beautiful place to stay on vacations!

  • GabrielJune 1, 2014, 6:31 pm

    Por eso en México estamos como estamos, porque a las lacras esas se les protege a capa y espada, y el gobierno está igual. Bien dicen que con dinero baila el perro

  • GuillermoMay 23, 2014, 3:27 pm

    asi es, mexico esta lleno de estafadores!!!! tengan mucho cuidado si quieren vacaciones ahi

  • Mel65May 7, 2014, 12:47 pm

    I’d say no, they benefit from our greed. What part of “if it sounds too good to be true, it probably is,” do people fail to recognize over and over and over again in their desire to get something more for less?

  • TaniaApril 13, 2014, 7:59 pm

    yo queria rentar un tiempo compartido en mexico pero me entere muchisimo de estas estafas tan comunes en los tiempo compartidos mexicanos, que bueno que lo vi antes de actuar!

  • RobertoMarzo 28, 2014, 12:59 pm

    tristemente ya no es una novedad, los tiempos compartidos estan envueltos en mucha polemica en méxico, y muchas personas ya lo piensan 3 veces antes de decidir invertir su dinero ahi

  • AliciaMarzo 10, 2014, 9:27 am

    casi todos los resorts estan en esa lista, que triste!!!

  • AlfredoFebruary 11, 2014, 2:51 am

    es bastante triste que esto siga sucediendo y aun no se haya hecho nada, y que la gente siga invirtiendo en resorts de tan baja reputacion

  • RaulNovember 18, 2013, 10:09 am

    Que lista tan grande, a donde han tenido que llegar para seguir existiendo, pero espero que no por mucho tiempo

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