Timeshare scams are as numerous and different as snowflakes in a blizzard.
Over the years, we’ve heard a lot of them and we know there will always be a new one. The constant in each of the scams is that some poor owner is worse off financially and an unscrupulous salesperson has been paid a tidy commission. Sometimes these crooked salespeople are actually trained by their managers and companies to be deceptive in their sales methods.
Not long ago, one of our owners had visited a resort on the East Coast while using her annual timeshare. While she was there, she attended an ‘update’ in the ‘member services’ department. During this update, she was told that she had missed a special event for owners in her area where special benefits were afforded to owners like her, but were now no longer available.
The ‘member services’ representatives had told her that she would have been able to ‘move her ownership’ to a different resort and she would save thousands on her maintenance fees and would be assigned a ‘personal representative’ to help her earn a substantial annual income by renting out her timeshare.
Of course these were all lies, and the supposed opportunity to “move the timeshare” turned out to be a sale of an additional timeshare interest that our owner friend was not even aware of. This practice is called “ghost trading.” It usually happens to elderly owners who trust these ‘member services’ people who sometimes claim not to be in sales.