Attorney Mitchell Reed Sussman issued another warning to timeshare owners who are trying to sell their unwanted timeshares.
“The scams are becoming more and more sophisticated, with ‘timeshare resale companies’ asking for money,” says Sussman. “But remember, if you are selling anything, there’s absolutely no reason for you to pay a dime.” Sussman, a timeshare cancellation attorney for over ten years, is receiving more emails and calls than ever from worried timeshare owners hoping to sell their timeshares.
“Beware of any company that asks you for money to sell your timeshare. You’re the seller. You’re supposed to receive the money.”
Sussman has been an advocate for timeshare owners who have been duped by a billion-dollar industry that often does nothing more than ‘presell a lifetime of vacations at inflated prices.’
“They wrap up the presentation pitch with a big bow to make it look like they’re selling real estate. But if it’s real estate, then why is almost impossible for a lay person to resell?.”
“If these timeshares have value, why can’t my clients to get rid of them without engaging in same type of fraud that the developer had to use in the first instance to sell them?” he asks.
And now, according to Sussman, timeshare owners who are unable to use their timeshares either due to age or illness are being taken advantage of by ‘resale agents’ who ask for upfront money from the seller.
“I’m receiving more and more emails from people across the country complaining that they’re being told they have to pay money to a company or a broker in order to sell their timeshare. I tell them that’s a sure sign it’s a scam.”
As with all purchases, the standard Latin warning, Caveat Emptor or Let the Buyer Beware, applies. Now, however, it appears Sussman is warning sellers to beware. “If you’re selling, you don’t pay. Period.”
About Attorney Sussman
Mitchell Reed Sussman has been practicing Real Estate and Bankruptcy Law for over 40 years. More information about timeshares can be found by visiting the website www.timesharelegalaction.com