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Wednesday, November 4, 2009

Transfer Smart News: Lawsuit Filed Against Two Timeshare Resale Companies in Florida

Today, there are many owners who are trying to get out of their timeshares due to the disadvantages brought by it. Most owners opt to resell it first before considering other options and some work it out with a timeshare resale company. But some resale companies should be watch out for as a number of cases have identified them as a scam. In Florida, the attorney general has filed a lawsuit and requested an emergency injunction against the two timeshare resale marketing companies namely the Universal Marketing Solutions and Creative Vacation Solutions.

The suit which was filed last week alleges that the owner/manager Jennifer Kirk collected more than $4 million in marketing fees each month. But the said companies, rarely marketed, advertised or facilitated sales for the timeshare owners who had contracts with them. The injunction also requests these companies to cease doing business while the lawsuit is pending.

On the other hand, an investigation found out that Kirk and her companies charged as much as $2,500 for timeshare resale advertising services and hundreds of customers nationwide were solicited via the Internet and telemarketers. According to the lawsuit, when prospective buyers contacted the companies to purchase a timeshare, no attempt would be made to match them with sellers. This makes the advertising and marketing claims a complete sham.

Nowadays, the number of cases of scams in the timeshare industry is still increasing. As some owners try to get rid of their timeshares, while some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it, some owners fall to the wrong hands of fraudulent resellers who are just quick at getting marketing fees. The local government therefore advise timeshare owners to be cautious on these kinds of resale companies especially if they are asking for upfront fees before the sale.

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