GroupWise Inc. : The Tricks of Timeshare Scams

Here are some of the tricks that scammers use to sell fraudulent timeshares:

1. The "Show Apartment" scam – with this technique a salesperson asks you to visit a prospective apartment in a resort that you like. On the day of your visit the salesperson will tell you that the apartment you like is occupied and would gladly show you a different but identical apartment. An apartment that has all the luxuries you want. With a little sweet talk and convincing power you choose to buy the apartment shown to you. It is only after making the payment that you discover that you have bought  a dingy apartment in some unknown place instead of the apartment shown to you.

2. “No Way Out Scam” – This scam is usually done during timeshare presentations. Usually during a presentation salesmen would want you to sign documents regarding the timeshares they are selling but since people who attend these presentations are more careful when it comes to signing any documents they have devised a way to trick you into signing. A salesperson would ask for your credit card just to check if it is ok but by the time you want your credit card back they won’t release it until you sign some papers and before you know it you have purchased a timeshare already.

There are also existing scams for timeshare owners who want to get rid of their timeshares:

1. Stolen Ownership Certificate- You are very eager to get rid of your timeshare when someone suddenly calls you saying that they already sold your timeshare for four times the amount when you originally purchased it. All you have to do is send to them your ownership certificate so that they can deposit the payment to you but when you have already sent the ownership certificate and you call the one who claimed to sell it for an update all you get is a dead phone.

2. Converting your timeshare to a money back guaranteed bond- Knowing that you have an existing timeshare that you don’t use, these scammers would call you and tell you that they can help you get your money back from the timeshare you bought. All you need to do is hand them your timeshare and payment for their services and they guarantee to give you twice the amount of your timeshare. They promise to send you the payment as soon as they “process” your timeshare but that payment never arrives.

There’s a better solution then being scammed by these swindlers. If you want to get rid of your unwanted timeshare then let a trusted company like Groupwiseinc.com.

Groupwiseinc.com is a company that was formed in 1995 by an expert team of resort industry professionals with a goal of providing assistance to timeshare owners who need solutions for their difficult-to-sell or unwanted resort properties. At Groupwiseinc.com, they focus on one thing: acquiring unwanted timeshares. Groupwiseinc.com offer assistance to resort property owners through a unique program in which their obligations are removed through financially-sound business practices. Groupwiseinc.com., targets

To learn more about Groupwise, please visit our "About us." page