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| Subject: Re: VANASIA Consultancy | |
Author: ccn666 | [ Next Thread |
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] Date Posted: Fri, Nov 21 2003, 16:38:32 In reply to: Deon 's message, "Re: VANASIA Consultancy" on Tue, Nov 18 2003, 12:42:15 Hi Deon, I am well aware of your desperation to ditch your timeshare investment as soon as possible but please forgive my bluntness. It is our naivete that caused us to be trapped by these cold-blooded bloodsucking timeshare companies. There are a lot more predators out there who are very well aware of our predicament and disguise themselves as timeshare resell companies which are actually in cahoots with the timeshare companies ... they really can't care less whether we are dead or alive as long as they can continue to extract money from us. So, don't make the same mistake twice!!! Please take some time to read this article by the Consumer Protection Section of North Carolina Department of Justice in USA. If only our CASE had more bite and firepower ... http://www.jus.state.nc.us/cp/timeshr.htm Timeshare Resales ------------------- If you own a vacation timeshare, be cautious about people offering to re-sell it for a fee. Most of these sales programs are bogus. The market for resales is poor. One recent survey found that only 3.3 percent of owners reported reselling their timeshares during the last 20 years. The Scam ---------- Unscrupulous companies may contact you by phone or mail. Salespeople are likely to tell you that the market for resales is "HOT". For an advance "listing" fee, often $300 to $500, they will promise to sell your timeshare for a price equal to or greater than your purchase price. They may offer a money-back guarantee or a $1,000 government bond if they fail to sell it within a year. Others may offer to purchase the timeshare for 80-90 percent of its appraised value if they fail to sell it. In reality, it is very difficult to resell a timeshare. If a company promises to do so, it is likely to just take your money and give you nothing in return. If You Want to Sell --------------------- If you are approached by a company offering to help re-sell your timeshare, consider taking these precautions: - Don't agree to anything over the phone until you've had a chance to check out a company. Ask the salesperson to send you written materials. - Find out where the company is located and where it does business. Contact the Better Business Bureau, Attorney General or consumer protection offices in that area to see if there are any complaints against the company. - Ask if the company's salespeople are licensed to sell real estate where your timeshare is located. Verify this with the state licensing board. - Be wary of companies charging an advance fee for services. Look for a company that offers to sell for a fee only after the timeshare is sold. North Carolina Department of Justice Consumer Protection Section P.O. Box 629 Raleigh, NC 27602-0629 Telephone: (919) 716-6000 Fax: (919) 716-6050 E-mail: agjus@mail.jus.state.nc.us [ Next Thread | Previous Thread | Next Message | Previous Message ] |