One of the main goals of this blog is to keep readers up to date regarding the latest timeshare scams and hopefully help others from being defrauded by these individuals and in some cases companies trying to separate owners and renters from their money. Regular readers know that many of our posts have focused on exposing various timeshare scams to the public. Today I found an article stating the Florida Attorney General, Bill McCollum, is planning to target two companies that have been defrauding timeshare owners for quite some time. The companies named in the lawsuit were Universal Marketing Solutions and Creative Vacation Solutions, both based in Palm Beach County Florida. The Attorney General stated the companies named in the suit were estimated to collect more than $4 million per month in marketing fees and also reported his office was receiving 10 consumer complaints per day on average from people who were contacted by these companies. These companies were using a very common method in their scheme, they would contact timeshare owners telling them they had a buyer in place for their timeshare, all the owner needed to do was to send them money for an escrow search which would be returned at the time of closing. It is reported that many owners gave the companies around $2,500 in hopes of finding a buyer for their timeshare. In this type of scam there never is a buyer and by the time the owner reviews the contract and realizes what the contract actually says it is too late to get their money back. In these types of schemes the owner is sent a contract which they believe is for the complete sale of the timeshare, however in the fine print the contract will state the real purpose of the contract is to give the company permission to advertise the timeshare for the owner and the company involved is under no obligation to actually sell the unit for the owner. If you are a person who has been defrauded or even contacted by either one of these companies we advise you to contact the Florida Attroney General at their website http://www.myfloridalegal.com or call the fraud hotline at 866-966-7226.

Hopefully this lawsuit will bring justice to both of these companies and the people involved defrauded by either company receive their money back as well as create awareness for any owners who may be interested in selling a timeshare. The story above illustrates why we stress people research any company they plan on doing business with, especially in industries where it is well known that many scammers exist and are searching for their next victim. Always remember timeshares do not increase in value over the years so anytime a company or individual contacts you via phone and asks if you would like to sell a timeshare for more than you paid for it you can rest assured it is a scam and you should run the other way as fast as you can. Vacation Timeshare Rentals has been assisting owners wanting to sell their timeshares for years, if you are interested please visit the following page to sell a timeshare.

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