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Let’s talk about consumer protection against Timeshare Exit Scams

One of the biggest scams encountered by American consumers in recent years involves timeshare exit scams taking millions of dollars away from unsuspecting consumers.

When a once treasured vacation timeshare becomes an unwanted liability, it opens the door for rip- off artists. Unfortunately, Senior citizens are usually the target of these timeshare scams. In many cases, the results impact their children.

The Association of Real Estate License Law Officials and the American Resort Development Association have teamed up to provide information regarding timeshare exit scams and offer easy and inexpensive ways to exit a timeshare.

These exit scammers are collecting thousands of dollars for false promises, when in fact most timeshare owners can get out of their resort commitment by contacting their resort manager and paying a small paperwork fee.

If you would like to learn more about steps you can take to protect yourself or a loved one from a timeshare scam, you can visit the consumer section on our website, Arec.alabama.gov.