Advice for Connecticut timeshare owners: Beware of resale offers

The Department of Consumer Protection has learned of several resale or transfer companies, such as Timeshare Free, Resorts Rescued, Transfer Smart and Transfer America, which are soliciting consumers in Connecticut. In some cases, these companies do business under several different names. Due to the variety of companies and the wide scope of resale offers, the Department is offering information and advice about the timeshare resale market and the scams that may be taking place in Connecticut. Companies known as timeshare “resale” companies or advertisers have become popular in the timeshare market, but please don’t lose sight of the fact that selling or buying a timeshare is a real estate transaction. Just as if you were buying or selling a home, seek out and hire only qualified, knowledgeable people to guide you through the actual sale or purchase of a timeshare. All timeshare resale companies are not equal. Some companies work very hard to promote and sell or rent timeshares. Unfortunately, there are also resale companies that use fraudulent gimmicks and do little to legitimately sell the timeshare interest. Several states are actively investigating consumer complaints about possible deceptive practices involving unscrupulous timeshare resales. Connecticut is part of a multi-state national task force led by the state of Florida, to share information about and take action against timeshare resale companies and their illegal practices. The Department of Consumer Protection is currently conducting a multi-faceted investigation of timeshare resale companies that have allegedly been defrauding Connecticut consumers out of thousands of dollars Complaints to the Federal Trade Commission (FTC) have more than tripled over the past three years and timeshare resales remain a significant and ongoing consumer protection problem. The FTC recently filed a lawsuit against a Florida timeshare resale operation, alleging that Florida-based Vacation Property Services, Inc., two related companies, and their three individual principals, made tens of thousands of unsolicited telemarketing calls to timeshare owners. The FTC alleged that the operation tricked hundreds of consumers into paying up-front fees of thousands of dollars by claiming that buyers were waiting to buy the owners' timeshare properties, or that a sale could be quickly arranged. According to the FTC, consumers ultimately learned that there were no buyers for their timeshares.

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Advice for Connecticut timeshare owners: Beware of resale offers

Desperate owners who feel that they can no longer afford annual maintenance fees, or who are concerned about the timeshare becoming a financial burden on their families or heirs may even take this deal, paying thousands of dollars to deed—or otherwise



Islam and Ideologies

God has said that no one should insult or harm any other human being either by word or deed. Islam doesn't differ through their religion, race or color. Prophet Mohamed PBUH said" No Arab has any superiority over an non-Arab, nor does non- Arab have



The Problem with Ethanol Is the Mandate

Time for corn to accept the true meaning of the free market in spirit and deed. The rule of unintended consequences, larger fuel tanks, indeed! Inhofe and Issa are, sorry to say, part of the problem! Allowing states to opt out of the program will do



Bernie Moreno completes deal for the former Central Hummer East

The dispute erupted because the property carried a deed restriction sought by the city of Beachwood limiting the dealership to Hummer, Buick and GMC brands, Mr. Moreno said, so his original lender balked. The deal came to fruition, he said,



Hacktivists Scorch PBS in Retaliation for WikiLeaks Documentary
Hacktivists Scorch PBS in Retaliation for WikiLeaks Documentary

Unless as a Wikileaks employee your leak threatens their profit margin or scoops their stories, in which case you must sign a draconian contract in blood not to tell anyone anything under any circumstances. I didn't see the word “hate” anywhere in his




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The Abandoned Property Investor's Kit, Find the Owner, Buy Low (with No Competition), Sell for Big Profits

The Abandoned Property Investor's Kit, Find the Owner, Buy Low (with No Competition), Sell for Big Profits

The Contract for Deed Sometimes when you locate an abandoned property you may ... If this is the case, the contract for deed is a tremendous creative ...

The Northwestern reporter

The Northwestern reporter

By the terras of the will it will be noticed that at the date of the contract and deed the fact that the testator might again marry was in his mind; ...

The Pacific reporter

The Pacific reporter

The deed, after reciting the fact that it was executed in fulfillment of the contract, designates the land conveyed as "Una porcion del terreno llamada El ...

United States code service

United States code service

Contracts for deed and land contracts Whether or not land sale contract between ... Bankruptcy Court errs in finding contract for deed to be assumable ...

The Southeastern reporter

The Southeastern reporter

The bill was filed by Dunlop and wife jointly, and copies of the contract and deed are exhibited therewith. It is not alleged, however, that possession was ...

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Contract For Deed
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Contract for Deed Law & Legal Definition
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