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In June , the FTC sued several companies that scammed timeshare owners. The companies claimed they had interested buyers for...
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Import writer Specializes in in-depth guides and resource constituents for readers. The FTC named timeshare scams of the top frauds of Old-time, making it one of the largest threats to travel aegis in the U.
The idea was that a condo developer could put across one constituent to multiple people based on without surcease. Buyers could own element of a luxury condo at a popular vacation destination, lots like shareholders could pay off portions of a communal company. Sooner than paying full-price and having to manage the property, shoppers could money for a portion of the hallmark, sharing the costs and fees with other emptors.
On the surface, timeshares can earmarks of like the best of both worlds: You advance a gain access to a vacation home to visit with family or friends outdoors the hassle of managing the effects year-round.
Representing a marketing company, Jake promised time-share owners that he had an eager buyer lined up for their unit; all he needed was some money upfront for closing costs.
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- Pauline Smith, director of Action Fraud, said: “A shocking amount of timeshare recovery fraud...
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Your email address is now confirmed. Finally, she says, the good and bad of time-shares are behind her. Save our cashpoints Free-to-use cashpoints are at risk of closure. They told me that they have a buyer and they will sell my time share in 2 weeks. Get the job done with a choice of thousands of endorsed Which?
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Make it illegal until the age of vote.