Timeshare fraud and Timeshare Scam: 8 tips to detect if you are a victim.
Call MTS right away if you were told these lies while purchasing a timeshare
The timeshare industry has two faces: on the one hand, has
guaranteed vacations in beautiful and luxury suites at amazing places
and promise to be less expensive over time to travel through a travel
agent. On the other hand, unfortunately is also rife of deception,
misrepresented promises and scams by unscrupulous sellers who are not
interested in nothing but their welfare despite leaving an innocent
purchaser with unnecessary debt.
In MTS, the majority of people
who contact us is because they've been victims of a scam. They contact
us when they realize they canâ€™t exchange their timeshare for airline
tickets, when they waited for the check for the rental of their property
and the check never arrived or simply because their reservations and
exchange system was not as efficient as the seller promised.
why we decided to make a list of the most common lies spoken by sellers
lacking of professional ethics hoping that this list can help people to
realize if they made a smart decision when purchasing a life time
vacation or have been a victim of time share fraud.
Below you will
find a list of most common lies said by the timeshare sellers at timeshare
presentations. Read them carefully and if your sales person told you
some of the statements read in the list, take action on this issue and
contact us now to give you a free consultation on how MTS can help you
with your problem.
In MTS our priority is to help people who have
been victims of timeshare fraud to cancel their contracts. We work with
determination to eradicate this type of fraudulent sales, with honesty
and loyalty to our customers, and gives confidence to offer a system of
payment for our services that is based on results. Feel free to contact
us if you have any questions about your timeshare and get a free
consultation to receive advice from one of our experts.
Timeshare fraud &Timeshare scams #1:
LIE: "TIMESHARE IS A FINANCIAL INVESTMENT"
TRUTH: Timeshares are a good product when the customer
understands that the investment relies on the usage of the product with
the family or spouse. Timeshares are not a good financial investment
opportunity especially if you are buying from the[...]
Timeshare fraud &Timeshare scams #2:
LIE: "THE MARKETING OR RENTAL COMPANY WILL RENT YOUR TIMESHARE FOR A
is probably the biggest time share scam of all. This is usually
mentioned at an early stage in the presentation when the salesman is
offering the different usage of the timeshare. Then, when the closer or
"manager" comes in to close the deal, this last person hits it hard to
justify the cost of the purchase. He makes it look like a good way to
recover the money invested if the couple canÂ´t use the timeshare. This
and the next tip can really damage the economy of the customer if they
purchase based on a future income to cover the cost of this timeshare.
Timeshare fraud &Timeshare scams #3:
LIE: "THE DEVELOPER WILL SELL YOUR TIMESHARE FOR A PROFIT"
is the most common timeshare scam, many people have come to us because
of this option. If a client already has a timeshare, the salesman makes
the customer believe that the resort will buy their timeshare or refer
them to an agency that will sell their existing timeshare within 60-120
days. Often there is a fee to list the property, and they never sell the
timeshare, leaving clients with two timeshares, two maintenance fees and a new credit card
Timeshare fraud &Timeshare scams #4:
LIE: "TIMESHARE IS PRESENTED AS EASY TO RESELL"
option is also presented an an early stage of the sale process, the
salesman would say :"you can use it, rent it, resell it... in fact, our
timeshare goes up in value 5% every year...". Other timeshares go to the
extent to offer the "right of first refusal". This is nothing more than
the creation of an atmosphere where the salesman makes the customer
believe that if for any reason they are not happy or canÂ´t afford it,
the company will buy it back for a profit in the near future.
Timeshare fraud &Timeshare scams #5:
LIE: "GREAT DISCOUNTS ON AIRFARE, CRUISES, HOTELS, CAR RENTAL, OR
is very common that the sales people exaggerate the benefits of the
timeshare to entice a sale. The salesman might show you a
chart explaining how they can get you an airfare for up to 75% off or
how to get a car rental for half of what it would usually would cost you
on an internet site. While getting some discount is probable, obtaining
the "exaggerated" reduced cost in airfare is not likely to happen.
Clients have contacted us and expressed their dissatisfaction because
they were told by the salesmen the airfare from New York to Cabo would
be less than 300 US round trip. When they get to talk to customer
service at their resort, the airfare is at least twice that amount (same
as the internet or travel agent).
Timeshare fraud &Timeshare scams #6:
LIE: "TAX ADVANTAGES"
TRUTH:There are no tax advantages in USA or Canada for Americans or
Canadians when purchasing a timeshare in Mexico.
Timeshare fraud &Timeshare scams #7:
LIE: "IT IS A DEEDED OR LIKE DEEDED PROPERTY (PERPETUITY)"
in Mexico are a right to use or lease. While some timeshares are for up
to 99 years, the average last from 20 to 30 years. This means that once
the lease has ended, if the customer wants to extend the membership, he
will be obligated to buy the timeshare again at future prices.
Timeshare fraud &Timeshare scams #8:
LIE: "YOU SIGNED A WAIVER RESCINDING YOUR 5 DAYS CANCELLATION
right to cancel your membership within five days is a constitutional
right that cannot be waived. It is becoming a common practice that timeshare developers
include in their contract a cancellation waiver. When
handling over the copy[...]