viernes, 27 de febrero de 2015

Timeshare Brokers, can I trust them?

When trying to sell a timeshare, there are many options to consider. Learn more about timeshare brokers and how they work
Timeshare ownership has mainly been known for two things: their beautiful properties and their frightening sales practices.  Due to the fraudulent tactics used by some timeshare companies to sell vacation memberships, there are a large number of timeshare owners who feel they were scammed with their purchase. Desperate to recover some of the money they lost, some of them try to sell their properties.
The cold facts are that timeshares are really difficult to sell. The supply of timeshares significantly exceeds the demand, which makes the resale of a holiday ownership next to impossible. However, there are many options to consider when trying to sell a timeshare, and one of the most popular is hiring timeshare brokers to take care of the sale.

Timeshare Brokers

A timeshare broker is a licensed Real Estate agent who specializes in selling timeshares, according to the client’s interests.  When you hire the services of a timeshare broker or agent, you are allowing them to take part of the timeshare resale process. Timeshare brokers must have knowledge and business contacts in the timeshare industry, as well as experience in negotiating timeshare sales.
Timeshare brokers are in charge to train all sales agents.  They are also responsible to oversee that the contracts to get the sale done are prepared correctly. They charge a commission once the timeshare transaction is done, because they work as an intermediary, and most times the seller never meets the buyer.

Beware of dealing with illegitimate companies

The biggest problem with timeshares is that they lose value immediately after the purchase, and reselling a timeshare can be an expensive and potentially dangerous proposition.  As well as it happens with many timeshare resale companies, there are lots of illegitimate timeshare brokers. Even though they can be very convincing, friendly, helpful and trustable at the beginning, once they earn your trust, you will be very likely to be scammed.
Finding a good timeshare broker is not simple, not all real estate brokers deal with timeshare sales, being that reselling a timeshare is not an easy job. Holiday ownerships are not considered as a financial investment, not anyone is willing to pay the timeshare maintenance fees. Because of these reasons, along with the struggling economy and the bad reputation timeshares have gained in the last years, selecting the right broker is very important.           

Tips to protect yourself

There are many financial and legal aspects to consider when trying to sell your timeshare. Before hiring the services of any timeshare brokers, we highly recommend you to follow these tips:
  • Never pay an upfront fee in the effort to sell your timeshare. Licensed brokers aren’t allowed to ask for upfront fees. They can only collect fees after the sale is done.                
  • When dealing with timeshare brokers, do it on a commission only basis.
  • Make sure the timeshare sales agents are really licensed
  • Beware of unsolicited phone calls giving you unrealistic promises about the sale of your timeshare
  • Verify that the interested entities are who they declare to be
  •  Research some good timeshare brokers near to you timeshare unit
  • Do not hesitate on asking anything related to their success or experience in selling timeshares
  • Verify the reputation of the company on the BBB (http://www.bbb.org/)
Visit our article timeshare resale scam companies to know more tips on how to protect yourself from being scammed.

Heads-up!

Unfortunately, the resale of a timeshare is not the best option to get rid of an unwanted vacation property, since there is no “hot market” for timeshares, and it never will be. On the other hand,timeshare cancellation is the most effective solution to dump a timeshare. When properly cancelling a timeshare, there is no further strings attached to the resort. At Mexican Timeshare Solutions, we assist timeshare owners who feel they were scammed.  Contact MTS today for a free consultation on your matter and get a final relief from your timeshare contract.

Information to Share

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Timeshare Agreement: is it a fair contract?

Have you wonder why timeshare contracts protect mostly the developer? Why the "exceptional" benefits told verbally by the sales representative are not in writing? Learn why.
Many vacationers become victims of timeshare scam by signing unfair timeshare agreements. Due to time restrictions and high pressure sales tactics, clients usually won´t get a chance to review their timeshare agreement with a fine tooth comb. As such, they rely on the word of their timeshare salespersons to tell them in detail what they are signing.
This is a remarkable mistake.The contract is only fair if what is written and signed in thetimeshare agreement is in alignment with the verbal presentation given by the salesperson at the time of purchase. This example is not the only form of timeshare fraud that leads to unethical timeshare agreement. Many recent timeshare purchasers question if they were treated fairly in the following respects:

Is the Timeshare sold for a fair price?

Timeshares do not have a fixed value. The timeshare salespeople gauge the financial capabilities of each client to determine the price they feel they can bear to pay. The salespeople typically collect preliminary information (this is done casually and at the beginning of the presentation) to see if the client qualifies for credit. This preliminary information gives the sales team an idea of the client’s yearly income so that they can determine a starting price. The starting price is normally an exorbitant amount, which quickly drops to make the client feel that they are getting a bargain deal. The salespeople also use sales techniques, such as offering to take back the client’s first year or two of use in order to bring the price down even more.
These sales tactics are scams because timeshares do not have a fixed value, so the offer to restrict the use for the client is just a ploy to give the illusion of saving money. In actuality, the price of timeshares is normally very unfair. Most vacationers get better deals to the same resorts by booking online, than through using their timeshare.
Also, the timeshare is a lengthy commitment that the owner will have difficulty to sell. The price of timeshares on the secondary market is a small fraction of what it would cost to buy the timeshare directly from the resort.

Does the Timeshare contract State all the Salesperson’s Verbal Promises?

Plain and simple: NO. In order for the timeshare purchase to be considered fair, it should be an exact reflection of what was explained to the client during the sales presentation. Manytimeshare scams occur because the verbal promises, such as rentals, resales, annuities, travel discounts, etc. are not stated in the contract. Other timeshare agreement are actually worded to contradict the verbal promises, such as “the salesperson did not offer any rental programs”. The salespeople take advantage of clients by pressuring them to sign without reading every single clause. Timeshare agreement that do not state every verbal promise, and that clients have been given adequate time to read and understand, are not fair contracts.

Is the Timeshare Agreement Financed in the Manner that was explained by the Salesperson?

We hear from many clients that they were told that they were purchasing the timeshare with financing at low interest rate ie. 2.9% through the resort directly. In reality, they are signed up for a credit card (this happened recurrently with BANK OF AMERICA RCI REWARDS ELITE) through one of the timeshare companies affiliated banks, which charges the entire balance onto the credit card. The interest rate may be kept at 2.9% for the first 6 months, but after that time the interest rate rises to a very high amount.
Many clients end up finding alternative financing, such as a home equity loan, to pay off the credit card faster and incur lower interest payments. Ultimately, the timeshare resort is paid in full from the time that the charge is posted to the credit card. These types of timeshare agreement are not fair. The timeshare agreement should clearly outline the terms of the financing, and get the client’s implicit authorization to set up a credit card. Many clients don’t even realize that the paperwork they signed is actually a credit card application. The terms of the financing should be clearly outlined by the timeshare resort and understood by the client in order for them to be considered fair.

Once the written timeshare contract is signed, the resorts are in a position of power because, according to the law, the client agreed to all the terms of the timeshare agreement by accepting to sign the document.
If you find yourself in the position of owning an unfair timeshare agreement, do not feel helpless. Our staff at Mexican Timeshare Solutions help clients every day to regain their power bycancelling their timeshare contracts and recovering their hard earned money. With our service, we offer a free initial consultation to discuss your timeshare situation and unfair agreement in detail. We will give you an honest assessment of your situation and what we can do to resolve your timeshare fraud. We do not charge any money upfront, so what are you waiting for? You have nothing to lose, except your timeshare!

Information to share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
  • Share this link http://www.timesharescam.com/blog/52-timeshare-agreement/ on your favorite blogs and forums

Leave your comment below and share your opinion with us. To know more about timeshare scams go to: Canadian Family is terrorized at Timeshare Presentation in Vallarta
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jueves, 26 de febrero de 2015

Timeshare Advocates: Money Back Guarantee vs Contingency

They have have been around as for as long as timeshare exists. These companies offer a money back guarantee but, How can you be sure that they will not run away with your money after you paid them upfront?

Timeshare advocates, timeshare cancel professionals or timeshare cancellation companies:

The majority of timeshare scam victims are honest, genuine people who believe that their timeshare salesmen have the same code of ethics as far as accomplishing their verbal promises when they decide to purchase the timeshare. Over time, they realize that the verbal promises are typically untrue, and the timeshare salespeople do not have the same definition of honesty as they expected.
The faith that most timeshare buyers have in their salespeople is shattered once they realize they have been lied to, misrepresented and defrauded out of thousands of their hard-earned dollars. Their belief that people are inherently honest is often converted into skeptism, and rightly so, as the timeshare scam salespeople have been well trained to sell no matter what the cost to the consumer both financially and emotionally.

Timeshare advocacy

When clients seek assistance to cancel their Mexican timeshare contract, they are met with numerous options. Most of the timeshare cancellation companies offer a money back guarantee, which appears to be a genuine offer of good faith on the part of the company to be committed to cancelling the client’s contract. Unfortunately, in the timeshare industry, money back guarantees are not a safe way to ensure that you will not get scammed again. All timeshare scam victims must be very careful and never pay any upfront fees, even with a money back guarantee, to cancel their timeshare.
These "timeshare advocates" operate in a very similar manner to the resale and rental companies. They set up a simple website to represent their business online. The potential clients see that the company has a money back guarantee and so they gain confidence to contact thetimeshare cancellation company.
Many of these companies are based in the US and have excellent BBB ratings because they are new companies, or change names regularly. This also helps clients to gain false confidence in their services. Once the client gets in touch with the company, they are charged the cancellation fee upfront, which often amounts to several thousand dollars. At the beginning, the client is contacted with progress updates on a regular basis. After some time, the client is delayed with promises that their timeshare will be cancelled, but it just takes time and they must be patient.

Timeshare advocates

Eventually, the client can no longer reach the timeshare advocates company. They try by phone and email with no response. Sometimes, they even mail letters to the cancellation company and the letter is returned undeliverable. Later, they find out that the company has gone bankrupt. Having filed for bankruptcy,the company no longer has any financial obligation to pay back the upfront fees to the clients, even though there was the promise of a money back guarantee.
This process occurs over and over again with all types of companies that charge upfront fees for rentals, resales and cancellation. Unfortunately, many timeshare owners are so desperate to get rid of their timeshare contract, that they make several attempts to cancel using one of these companies, hoping that they will eventually get the results they desire.
Other companies claim that they have no upfront fee. They say that the money will be held in an escrow account until the process is finalized, at which point the client will get their money back from the resort to cover the cost of the company´s fee. The client then wires the money to the so-called escrow company. Again, these escrow companies often have good BBB ratings because they have a short life span before they go bankrupt.
Some of the companies are located in the US, which makes it easier to dispute the charge if problems arise, except for if the company has already gone bankrupt.
Other companies will claim to be in Mexico. Escrow accounts are not existent in Mexico, so the clients are normally asked to wire the money to an individual’s personal account. This money is practically impossible to recover once it has been wired to Mexico. Escrow scams for timeshare cancellation are becoming more and more common, confirming that it is never a good idea to pay money upfront to get rid of your timeshare.

Timeshare cancellation professionals

At Mexican Timeshare Solutions, we are professional timeshare advocates  committed to working on our clients´ behalf on a 100% contingency basis. We stand behind our results, meaning that if we are not successful in cancelling the timeshare contract, we do not charge a penny for our efforts.
Our clients only pay our fee once they have received cancellation notice from the resort and whenever possible, a refund directly into their account. Money back guarantees or paying money to an escrow account are not sufficient ways to ensure that your hard-earned money is safe in the timeshare industry that is riddled with scams. Call Mexican Timeshare Solutions today and avoid getting scammed twice by trying to get rid of your timeshare contract with a company that charges an upfront fee.

Information to share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
  • Share this link http://www.timesharescam.com/blog/60-timeshare-advocates/ on your favorite blogs and forums
Leave your comment below and share your opinion with us. To know more about timeshare scams go to: Timeshare Donation to charity- How to Proceed?
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The 10 worst things about Royal Elite timeshare

Royal Elite Timeshare scams are very common, since that’s one of the most fraudulent companies in Mexico. They have a terrible reputation regarding timeshares, being that said, aRoyal Elite Timeshare is not a good purchase at all.
Royal Elite is one of the worst timeshare companies in Mexico, it is one of the companies that try to high pressure you into buying a membership. People need to be aware of this kind of timeshare scams as mentioned before in:

Royal Elite – The Company

Royal Elite’s legal name is Sandos International S.A. de C.V. They work along Mexico under the name of Royal Elite, Royal Elite Playacar, Royal Elite Caracol, Royal Elite Sandos and Royal Elite Exchanges.
Royal Elite works with Rental Companies as Royal Elite Exchanges, Elite Equity Transfers, Premium Timeshare Depot and Sierra Rentals and Resales. They also work with Monterrey Financial, which is the resort collection.

The 10 worst things about Royal Elite Timeshare

Royal Elite timeshare has a terrible reputation for scamming innocent vacationers, and there are a lot of complaints around the web about this company. Here is presented the top 10 complaints about Royal Elite timeshare:

  1. Royal Elite’s salespeople promise all sorts of services and amenities. Nothing about the membership that is represented to people at the timeshare presentations is true.
  1. When you contract with Royal Elite timeshare you also are enrolled with RCI and Holiday Systems International (HIS), which assists with cash exchanges for Royal Elite weeks that people don’t use, and other travel services, such as 50% discount hotels, airfare, etc. None of it is true. Its advertisements are also false.
  1. They promise that you would be able to rent back your weeks, but you cannot find a company to rent your weeks, you cannot get hold of anyone from RCI to exchange your weeks either.
  1. Royal Elite timeshare salespeople are deceitful and they make up whatever they need to do in order to make the timeshare sale.
  1. Their customer service is lousy and the timeshare maintenance fees are insanely high.
  1. The timeshare presentation that should last 90 minutes as Royal Elite timeshare salespeople offer turns into 3 hours.
  1. Royal Elite never respond to their client’s emails or phone calls.
  1. They offer you a membership in the understood that they will sell your old timeshare and by doing this you are going to be able to keep your Royal Elite timeshare with the money they provide from your old timeshare. They never sell your timeshare and you end up owning two timeshares.
  1. Timeshare owners are not told that they have 5 business days to cancel the contract with no penalization.
  1. Royal Elite has the worst customer service ever known.

What to do if I was scammed by Royal Elite Timeshare

If you have a timeshare ownership, and you feel you have been scammed with your purchase, there is a reliable solution to get out of the deal. Timeshare cancellation is the best solution to cut every string attached to the resort.
Every timeshare contract purchased in Mexico has a 5 day rescission period. Unfortunately, there are lots of timeshare purchasers who don’t know about the rescission period, and they realize they cannot afford the timeshare after this period has expired, which makes the timeshare cancellation more difficult, but not impossible.
Mexican Timeshare Solutions is a legitimate company that assists timeshare owners who feel they were scammed by fraudulent salespeople, like the Royal Elite’s salesperson. Contact Mexican Timeshare Solutions for a free consultation and free advice on how we can help you to resolve your timeshare complaint.

Information to Share

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Leave you comment below and share your opinion with us. If you want to know more about timeshare scams in Mexico, visit:

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Tau Resort Vacation Club Timeshare Complaints

Tau Resort Vacation Club

Legal Name:
Tau Resorts, S.A.P.I de C.V
  Resort sales locations
Puerto Vallarta
  Rental Companies:
Eagle market Solutions & Orchard Vacations Rentals
Hotel Representatives:
Gary Pasco, Bob, Thasi Favela & Israel
Common Complaints:
  • The resort itself is not built and is still in skeleton phase, the opening date was Dec 15, 2011 and now has change to Jan 2012.
  • It’s sold as "Real State" but in fact is a timeshare contract
  • Clients are often mislead to believe that in order to have reservation power they need to have a higher level of membership. 
  • High pressure sales and extensive delay tactics
  • The sales person will show the client  different floor plans from what the client is actually purchasing, or/and show a demo room which is not at the property of the resort.
  • The sales associate refer clients to a rental company to rent their unit for a profit even if the resort it’s not 50% built yet.
About Mexican Timeshare Solutions:
Our goal is to assist timeshare purchasers who feel they were scammed or taken advantage of by fraudulent salespeople. No upfront fees for our services cancelling timeshare frauds. We offer a free consultation and we do not rest until get your cancellation.
Contact:                                                            
http://timesharescam.com
Toll-free:     888-275-3595
Telephone:  714-277-3662
Mexico:        334-162-5467
info@timesharescam.com
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