Are you in the timeshare business? There’s been an increased awareness by the San Diego division of the FBI, which sent out a warning to San Diego timeshare owners.
Apparently, timeshare scammers are becoming somewhat of a problem in San Diego county, with some unsuspecting timeshare owners being conned “out of millions of dollars by unscrupulous companies” (Union Tribune San Diego). According to the county assessor’s office, there are more than 72,000 timeshare properties–making San Diego a huge lure to these scammers.
Be aware of potential scammers–these con artists will typically approach you without solicitation, and offer to sell or rent your properties quickly. But to do so, they require an upfront fee for services–a huge red flag. Once they have your money in hand, they tend to disappear without providing the offered services.
Some tips to avoid being scammed:
- Be cautious if you’re asked for an up-front fee before they do any work
- Read the fine print on their sales contracts and rental agreements
- Check with the Better Business Bureau to see if the business is reputable
This information is from the Union Tribune San Diego; read the original article here: “Scammers prey on San Diego timeshare owners.”