The Timeshare Law Firm

The FTC has released a video urging the public to report scams if they have been a victim. The video breaks down how the FTC works, How they stop scammers, And why Your input is so important. The FTC is network of different information from different law enforcement groups (such as the SEC, FBI, and even the post office). These separate government entities report information to each other in a big law enforcement hub to build cases against the scammers and eventually go after them. This is how the FTC gains the information to stop the scammer, but where do you come in? Read the rest of the this story on our Website .

The SEC published a warning from the FBI. Scammers are targeting owners of timeshares in Mexico. The scammers pretend they are working on behalf of a brokerage firm, travel agency, or even an escrow agent. Scammers claim they will buy your timeshare or claim you are entitled to stock in connection with your timeshare. The scammers will then say you must pay a fee or tax to put the money in your name. They will take your money but do nothing. When you start getting suspicious, they will switch up their act. Then another salesperson you haven’t met will pretend to be part of the government and claim to help recover your money for another fee. This is a form of a scam called an “advance-fee scam.” The scam works by telling the victim they are entitled to money or stock, but they must pay a fee or tax to get it. Fraudsters running this scam often target investors who have previously lost money in bad investments. This is probably why they have begun targeting timeshare owners. Timeshares a...

  Timeshare Resellers are Lying to You: A Timeshare is NOT a Hedge Against Inflation With inflation on the rise, we are seeing a worrying number of articles written to give the impression that timeshares are a “hedge over” or “beating” inflation. This is categorically not true. The basis of their argument is that with rising prices of hotel rooms, timeshare owners are getting savings on their timeshare when compared to booking costs today. This argument does sound appealing; however, the truth is more complicated than they lead you to believe. These articles claim that the maintenance fees will be less in a year then the actual cost getting a hotel room. These articles frequently will ignore the upfront cost as a factor and, booking restrictions mean sometimes substandard use or no use on a given year. The most important omission, is that maintenance fees usually also rise with inflation, making their whole point moot anyways.   The truth of all these articles is simple,...