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The Timeshare Broker Beat

At Timeshare Broker Sales, vacation ownership is our business. The Timeshare Broker Beat seeks to keep our clients and colleagues up to date with timeshare industry news, timeshare resale tips & tricks, and more.

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The Timeshare Broker

The Timeshare Broker

At Timeshare Broker Sales, vacation ownership is our business. The Timeshare Broker Beat seeks to keep our clients and colleagues up to date with timeshare industry news, timeshare resale tips & tricks, and more.

Blog entries tagged in Timeshare Scam

Last week, the Better Business Bureau began an investigation into the legitimacy of an Iowa-based “vacation ownership closing company” going by the name of Wade Capital Management.

According to iowa.bbb.org, "the company purports to be located at 668 19th Street in Des Moines, Iowa; however, mail sent to this address has been returned as undeliverable. The address is a 7 unit apartment building. The owner of the building states that there is no business known as Wade Capital Management operating from such location."

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Selling a timeshare can be a tricky business; and there is all sorts of conflicting advice about how to sell a timeshare on the internet. So we thought we’d help. We put together our top three tips for selling your timeshare:

  1. Always pay an upfront fee to sell your timeshare – it’s important to get the ball rolling. Plus, paying an upfront fee is a great way to ensure that a company already has your money; so you know they’ll do the right thing and work quickly to sell your timeshare.
  2. Don’t bother checking licensing or BBB accreditation – these things can waste precious selling time. If they have a website, or their agents sounded professional on the phone, there’s no reason to worry about their reputability.
  3. Don’t waste time with contracts – In today’s digital age, nobody uses contracts anymore. Besides, signing piles paperwork can delay proceedings, and could cost you the sale of your timeshare.

Bonus Tip: April Fools! Want to sell your timeshare safely and securely? Don’t follow any of the advice on this page. 

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Selling your timeshare can be a tricky business. Unfortunately, unprepared sellers too often fall victim to timeshare scams or ineffective marketing schemes. Many sellers find themselves in difficult financial situations and, out of desperation, make rash decisions without proper research. Others simply don’t know the warning-signs. So, what’s the number one mistake timeshare sellers make, and how can you protect yourself?

Paying an upfront fee is the number one mistake timeshare sellers make. Whether a company is selling you ad-space on their “highly visible” website, or promising to close the sale for a “ready and waiting” buyer – it’s rarely worth taking the risk to pay upfront for services.

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This morning, the Tampa Bay Times ran an extensive story on timeshare fraud in the Florida timeshare resale industry. The article told the story of dozens of vulnerable, and often elderly, victims of timeshare scams, and the inability (or unwillingness) of law-enforcement officials to investigate.

How Timeshare Resale Scams Operate

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Last year we reported on Jennifer Kirk’s massive timeshare resale scam. We’re happy to report that last week Kirk was sentenced by a federal judge to a prison sentence of more than 15 years.

Kirk, a Florida-based telemarketer bilked more than 20,000 victims out of more than $30-million dollars in her nationwide timeshare resale scam. Additionally, according to an article published on businessweek.com, "three of Kirk's former employees spun off a similar timeshare scam as Real Timeshare Marketing, which federal prosecutors say made $1.3 million using the same tactics that Kirk employed."

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