Timeshare Scams

Friday, January 20, 2006

Timeshare User Group

This website looks like a support network for timeshare owners... probably kinda like Alcoholics Anonymous.

Steve: "Hi, My name is Steve, and I'm a victim of unethical sales tactics"
Group: "HI STEVE"
Steve: "I bought a Westgate Resorts timeshare last year because they had fresh baked cookies and milk. They promised me that people were making money on their timeshare. I re-mortgaged my house. It isn't working out like they led me to believe"

Sounds like a pretty typical story.

28 Comments:

  • I "bought" a Timeshare at the Vacation Village at Bonadventure, Ft. Lauderdale at a 17% interest rate. I must have been crazy (better yet, really stupid). But the worst of it is, as I cannot afford it anymore, the financer (Berkeley) has put lien on my property and this is not even on the contract. They would not refinance, they will not do anything to help, they just want money at any cost (Loan Shark). They claim it is a standard Florida law (like I am supposed to know that). I would have never knowingly signed anything that would jepordized my home. Now I am screwed. The sales people make you belive it's an investment, that you can rent and sell anytime. NO ONE buys timeshares in a secondary market. These people are making millions off inocent citizens like myself.

    By Anonymous Anonymous, at 10:11 AM  

  • "NO ONE buys timeshares in a secondary market."

    Actually, if you attend a presentation and really want to buy one, buy one in the secondary market when you get home. Nothing like seeing what they are selling for on ebay compared to waht the salespeople wanted you to buy them for.

    By Anonymous Bobo, at 12:32 PM  

  • I also "bought" a Westgate timeshare when I went on holiday to Florida. What should have been a 1-1.5 hr seminar turned out to be a 8hr 1 to 1 with a salesman. For some reason i signed the dotted line (how stupid of me). Knowing when I got back that this was not right I sought legal advice. Was advised as all timeshares have a 30day cooling off period I cancelled my purchase with Westgate, even thought the initial deposit I did pay and was not able to stop the payment.I did not take a loan or anything from them as we agreed I will sort out my own finances back home. They are now hounding me with calls, threatening letters etc. This is becoming so scary that it is leaving me emotionally and physically feeling sick all the time. I am so scared of the outcome and that I will be at such a financial loss and unable to support my children. This is so annoying that people like Westgate make millions out of the hardworking people who struggle to manage with day to day commitments. Is the anyone out there who can help or share their experience please.

    By Blogger singlemom, at 2:33 AM  

  • I was unknowingly duped into purchasing an overpriced timeshare at the Grandview Las Vegas a few years ago. As a result of my hasty and misinformed purchase I decided to share my experience in the hopes of helping others. My site, http://rcivip.com provides unbiased information for timeshare owners and those looking to get into timesharing.

    By Anonymous Grandview Timeshare "Owner", at 7:45 PM  

  • Glad to know I am not the only sucker out there. It's the pits. I joined www.tug2.com I am hoping someone will change the laws.

    By Anonymous Anonymous, at 9:06 PM  

  • This should be a lesson to all of us. Before entering any contracts or deals we should know some background information about it, or else it will be late and result to regrets. Don't be blind to false promises and offerings.

    By Anonymous cancel timeshare, at 6:21 AM  

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