Do you feel that you have been the victim of a timeshare fraud? Have you thought to yourself that you have experienced a timeshare rip off or after time has it occurred to you that you in fact fell for a timeshare scam?
If we have a look at just what initially constitutes a timeshare fraud you may be able to review your experiences and see if you have a case for redress.
Buying a timeshare that never gets built
Back in the 1990’s we heard of the first ‘Fake Sales’ in Lanzarote when new purchasers of LBC II were promised a stunning resort in Costa Teguise that still to this day has never been built! Unassuming purchasers were shown around a building site with Spanish workmen moving rubble from one pile to another. To anyone looking on it looked like the beginnings of a glorious ocean fronted resort. But no it never moved on past two big holes and two big piles of rubble.
This imaginary sale scam moved over to Tenerife where a fresh audience were taken over to the nearby island of La Gomera in a bid to sell them the next best thing of the new century. Again, timeshare purchasers were left with nothing but maintenance fees to inferior resorts that the sales team were in fact selling.
Buying a timeshare investment
In the cold light of day buying timeshare as an investment seems a completely ludicrous idea. That is until the sales pitch and some very effect smoke and mirrors are introduced. Beautiful resorts, stunning settings, promises of financial gain, loads of charm and a splash of alcohol and it all seems like a great idea. Make money in the sun with your timeshare property portfolio?
All you would be left with would be a huge maintenance bill and the promise of moving it into another ‘Timeshare Investment’ that they will ensure will work for you! Once the timeshare charm has evaporated and the alcohol has worn of reality usually dawns, but that is when you are back home and you realise it’s far too late.
Timeshare Exit Scams
Have you been sold a timeshare product on the promise that it will be the best way for you to get out of timeshare and get your all of your money back? Have you for instance suggested to a timeshare salesperson that you would like to get rid of your timeshare points only to come out of their offices later on that day owning a fractional timeshare with the promise of profit and a route out of their holiday club? You then think to yourself “All I wanted to do was exit timeshare”. Sounds familiar?
Thousands of British people are waking up to the reality that they now own fractional timeshare with huge maintenance fees that in reality they are never going to sell even with a resale promise from the Timeshare Points Club. When the huge timeshare companies are faced with these accusations they point to their watertight contracts and blame rogue salesmen. We then point out that clients from Land’s End to John O’Groats that have purchased in Spain and the UK, over many years, all have identical stories with the same promises, then it must be an organised sales pitch from the company rather than an individual problem.
These are just three examples of what callers to the Timeshare Advise Service are quoting as timeshare fraud. What do you think? Do you think that you have been the victim of a timeshare rip off? If so please do not hesitate to contact us to see if we can point you in the way of a fair and just solution.