Who among us can afford beachfront property? It's no wonder why timeshares have been popular over the years, but it still comes with a price and sometimes in ways you might not expect.
“I've had enough of it.” Jerry Davis of Ashland owns a timeshare to spend Nebraska winters in a warmer place, but trying to sell it has really made him hot.
"I’m ticked off let me tell you. I’ve been ripped off over $5,000.”
A Florida company called Jerry and claimed to have buyers lined up for his timeshare on the Mexican coast. He just had to pay about $5,000 for various fees up front. “The down payment you make will be returned at sale.”
He’s been waiting months and no money back while company phones have been disconnected. The Better Business Bureau has 197 complaints against the timeshare broker.
“Just because someone calls you and tells you they have a buyer for your timeshare, don’t buy it," says the BBB president Jim Hegarty. "Do your research and check it out.”
Hegarty has a timeshare offer sent in by an Illinois couple who paid a broker $8,000. The broker claimed to be located in Omaha. The BBB can’t find any record of the company.
“Sounds like a bunch of baloney to me, it just sounds like we were lied to and strung along,” says scam victim Terry Hospodar.
Another timeshare broker listed Kimball, Nebraska as its home base. However, the phone number for the company has a Texas area code.
Hegarty warns to beware of anyone who calls out of the blue to sell a timeshare for a fee. If they claim to have buyers lined up, that's a big red flag to be leery of the offer.