Baiting Buyers with “Guaranteed Sale”

Baiting Buyers with “Guaranteed Sale”

Along with practically every other market in the U.S., the timeshare business has seen a recent steep decline during the recession, causing companies to get desperate. More and more people as of late are becoming less and less willing to entrap themselves within perpetual financial obligation, particularly in light of the abysmal resale value. Thus, scamming timeshare companies are offering a guaranteed sale as a form of bait to fish out timeshare owners who are eager to get out of their timeshare debt. Duane Nickull received a call from one such company, saying to him, “She said, ‘I have a buyer, they’re ready to buy it right now and there’s no risk to me,’” he told CBC news. The company told him to send his money first and as Mark Fernandez of the Better Business Bureau states, “When you’re sending it through a wiring service, that’s just a one-way ticket to losing your money.” Nickull hopes that his battle with Timeshare Express Services will at least draw light to the deception in the timeshare resale market.

CBC News

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