Timeshare Investors of America Acquired $1,2500 as a refundable deposit for sale of a timeshare condo in Panama City Beach, FL Houston Texas
In June 2011, I was contacted by Greg Price of Timeshare Investors of America offering services for a guaranteed sale of one of my timeshare condos in Panama City Beach, FL. Greg requested $2500. I refused to pay $2500, then he reduced it to $1,250 and I paid that.
Greg indicated that they already had corporations ready to purchase and that I would get the $1,250 REFUNDED AT CLOSING. I called last year as I had heard nothing during the year. I was told that papers were with the attorneys getting them ready for closing. Heard nothing since, so I called today and the phone line is assigned to someone else.
Next I goggled Timeshare and was directed into this "Ripoff Report". This siruation lets me know it was fraud.
1 Updates & Rebuttals
Becker79
Los Angeles, CA,California,
Timeshare Resale Scams
#2General Comment
Fri, July 05, 2013
Timeshare fraud has been around since the timeshare idea was created, but they increase during poor economy. When times are difficult, timeshare owners are stuck with properties they can´t travel to or even afford. Desperate to recoup some money to pay for bills, they can easily become victims to scams artists pretending to be their timeshare salvation who will take upfront fees -as much as five number figures in some cases- but fail to fulfill their promise.