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 10 Areas of Vacation Property Fraud That Should Be Investigated

1. Tax Incentives
   Any mention of a timeshare or the trip being a tax break or incentive.
2. Exchanges
   Owners must be given the opportunity to understand what an exchange is, how it works, and the fees associated with exchanges.
3. Tour Length
   Timeshare tours are to last 90 minutes. When the tour length gets over 3 hours there may be coercion.
4. Investment
   Being told that the timeshare purchase will increase in value, sell at a greater price, or due to location it is worth more than other locations.
5. Rental / Resale
   Any mention or promise that the owner will be able to sell their timeshare for a profit, that the timeshare company will buy it back, or being able to rent their unit, points, or weeks to cover the cost of maintenance fees, mortgage, and any other costs.
6. Maintenance Fees
   Any mention that they never go up or that they can be offset by renting. Owners must be given the opportunity to understand what maintenance fees are and that they do go up with time.
7. False Sense of Urgency
   Any means possible to get owners to think that they must buy today, or they will not get the same deal, or they will never be able to tour again.
8. Cancellation
   All owners must be afforded the right to fully understand their right to cancel. This rescission period must be shown, explained, and signed by all owners.
9. False Meetings
   Any meeting other than a prescribed sales presentation is against timeshare regulations. Dinner parties, party weekends, owner’s updates, or any other name for a reason to get the owners to meet for a sales presentation.
10. Closing
    All documents that require a signature or an initial must have been fully explained by the closing agent or it’s a violation of timeshare regulations. Many times this process will be rushed or hurried to get the owners out the door without asking questions.