Owners Seek Relief from Fraudulent Timeshare Resale Companies

The timeshare resale industry is largely unregulated in almost all territories in the world. Timeshare relief companies providing resale services now abound to cater to the growing need of many timeshare owners to be free from their timeshares. The absence of regulation for timeshare resale companies has brought about the emergence of unscrupulous timeshare companies all aimed at parting owners from their hard-earned money without corresponding action on their professed timeshare relief services.

Recently, an injunction against two timeshare resale companies in Florida was filed praying for the inhibition of such companies from further engaging in timeshare resale. Also, an action for damages and compensation was filed against the two timeshare relief companies for all the fees that they have solicited from among hundreds of their clients. The two companies were reported to have allegedly obtained almost $ 4 million dollars worth of marketing fees from hundreds of clients each month.

This story is not unique to these Florida-based timeshare relief companies. As a matter of fact, consumer protection agencies all over the world have been lately been receiving countless complaints from timeshare owners who have experienced dealing with less than legitimate timeshare companies. In fact, the consumer protection agency of Singapore expects almost 2,000 Singaporean timeshare cases for this year alone with a majority of the disputes connected with timeshare resale.

The widespread demand for timeshare resale brokers is the main cause for the emergence of all these fraudulent timeshare companies. Timeshare owners must always be on guard before dealing with any potential timeshare relief company. Prior empirical research is always a must before getting rid of timeshares through resale services. By employing proper zeal, timeshare owners can avoid dealing with any illegitimate timeshare relief company.