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The sale of timeshare ownership has become an enormously profitable way for resorts to generate additional income.
In essence, buying a timeshare means that you get to share a vacation property with different parties, usually divided by 52 weeks.
If you are interested in getting one of these properties, it is very likely that you will have to assist a sales presentation, where you will be pushed at a certain point to sign a sales agreement.
But, how do I know if I was a timeshare scam victim? In the following paragraphs, we will tell you the most common lies said during timeshare presentations.
Also Read: Timeshare fraud: 5 tips timeshare Resorts Don't want you to know.
One of The Most Popular Frauds in Mexico
Mexican timeshare fraud has been increasing over the last few years, according to PROFECO, the Government’s Consumer Protection Agency in Mexico.
Only this year, from January to April, 478 complaints about 20 different timeshare companies have already been filed, but that is only the beginning.
After the complaint is filed, it takes a long time to accomplish a conciliation of the case, and that is not always possible.
Before buying a timeshare in Mexico, it is very important that you know your timeshare cancellation rights.
When you purchase a timeshare in Mexico, you have 5 business days to cancel the contract; this is after the contract is signed.
Another important thing to know, is that under the Mexican law, verbal promises are not valid if they are not written.
Therefore, you should read your contract very carefully before you sign it.
How do I Know if I Was a Timeshare Scam Victim?
At this point, you are probably wondering, How do I know if I was a timeshare scam victim? If you recognize any of the following statements, it is very likely that you are a timeshare scam victim:
- The verbal promises made by the timeshare salespeople during the presentation are not established in the contract
- You were told that your timeshare would be a smart financial investment
- They told you that your timeshare would be easy to resell
- You were told that you could rent your timeshare weeks easily, so you can make a profit out of them
- You were told that you could travel all over the world with your timeshare unit
- You were told that you wouldn’t pay any timeshare maintenance fees or that they would stay fixed
- You were told that you would get great discounts on cruises, air tickets, car rentals, city tours, etc.
Also Read: Mexican Timeshare Fraud
What Do I Do If End up Being a Timeshare Scam Victim?
If you, unfortunately, find yourself stuck in a timeshare scam, you will be glad to hear that there is a way to get out of it legally.
If you have already purchased a timeshare, contact us at Mexican Timeshare Solutions.
We offer professional and efficient services to cancel your timeshare contract as soon as possible.
At MTS, we will work hard on your behalf with no upfront fees. Contact us today for a free consultation!
To receive more information to know if you were a timeshare scam victim and to cancel your membership, send a WhatsApp to +52 333 239 6589, fill in the form in the contact section, or call us at +1 714 277 3662.
Information to share
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Very BAD experience actually we are living with ROYAL HOLIDAY,we bought a membership with them last year, the only thing that we really acquired are problems, the maintenance fees are so expensive compared to the cost that the sales people told us in the timeshare presentation, we dont want it anymore, we need help to cancel our membership.
Desde el momento en que te dicen que tienes que hacer un "upgrade" como ellos dicen para poder usar mas servicios etc es mala señal , cuando ya no puedas usar tu tiempo compartido que te digan que no esta disponible y que tienes que reagendar tmb es mala señal, por propia experiencia un tiempo compartido no es nada bueno.
You realize that you were scammed when the resort dont give you what you deserve, when you bought the membership exist many things that convince you to buy and many people dont know how to fight against this but the better way is to avoid timeshare presentations, dont get involved .
En mi caso me di cuenta que estaba siendo robada en el momento en que no podia usar mi tiempo compartido. por fakta de disponibilidad etc, despues me estaban cobrando las cuotas de mantenimiento por un servicio que ni siquiera use, despues me pedian renovar mi contrato sin siquiera aver usado mi tiempo compartido inicialmente, son una cosa seria estos señores de los tiempos compartidos , no se involucren porfavor.
My family has 115000 tied up with them. spent over the last 15 yrs all on the beliefs that this was something that would appreciate in value. There salesmen told us that it was will able property in which we would grow equity. Today they told us they were worthless. never had any value so we are in the process of seeking legal action
i had experienced 2 situations that involve the timeshare scam , me in the middle, 1 year ago a couple of friends sold us a mexican timeshare, at first we think that was the deal of our lives to my husband and i , before that we start to receive calls for salepeople demanding us to pay high maintenance fees , thousands of dollars, for that mexican timeshare ! that was a crazy thing, so pls try to avoid all timeshare theme
Desde que empeze a buscar en internet timeshare scam ,llegue a este sitio y si es que la vd yo tuve una muy mala experiencia en mexico con un resort que fue pueblo bonito , al principio me la pintaron muy bonito , despues me pusieron mil trabas, una de ellas era que nunca habia disponibilidad y eso que era mi tiempo compartido , la vd fue un total asco , sean muy cuidadosos porfavor .
Is to easy to know whenis a scam , nobody tell you many beautifull things about a timeshare, behind that exist a lot of interest of the salespeople to buy them something, those guys are experts on the field, if it necesary they will going to force you even to offer some free breakfasts or free rides, al those "free" things are techniques to hook you ,pls try to avoid these stuff
its pretty easy to know it, in the exactly moment when they start telling you that everything is going to be perfect.
it's simple.. if they told you beautiful and unbelievable stuff, then i'ts a scam!!
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