Timeshare Scams
If you own a timeshare and are wanting to sell it, you should make sure that the company or person that you are selling to is legitimate. Many consumers are scammed by fraudulent timeshare resale companies, oftentimes for many thousands of dollars. This site contains information on how to be preventative when you are approached to sell your timeshare, as well as who to contact if you have been scammed.
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Timeshare Scams

How to Recognize a Timeshare Scam

The Division of Real Estate has received multiple calls regarding what appears to be timeshare scams targeting Colorado consumers, real estate brokers, and out-of-state consumers.  In the current version of the scam, timeshare owners are cold-called, mailed or emailed solicitations from an unlicensed business entity purporting to be a full service property management company, real estate brokerage, or title and escrow company that lists and sells timeshares.  

Representatives of the company falsely identify themselves to consumers using the names and license numbers of actual Colorado real estate brokers unbeknownst to those brokers.  The company claims to be a Colorado company but cites a false or virtual office address in the Denver area.  When consumers respond to the solicitation, they are directed to forward various up-front transaction fees (sometimes in excess of $5000.00) to an out-of-state or out-of-country escrow company.

Identify and Avoid Timeshare Scams

What to do if you have been Scammed?

If you feel that you are the victim of a timeshare scam, you should seek out the assistance of legal counsel and your banking institution. Additionally, the following organizations maybe be able to assist you.

How are you Protected in Colorado from Timeshare Scams

Disclosure Requirements

In 2013, the Colorado Legislature passed a Deceptive Trade Practices Act related to Timeshare Sales (SB13-182). This act provides that a timeshare re-seller must provide certain disclosures, not falsely advertise its services, and not collect any fees or costs from the seller until the timeshare has been transferred.

  Senate Bill 13-162

Company Authentication

Consumers who are contacted by a timeshare resale company should always first verify the authenticity of the company, its business license and address, and the license of any individual that is claiming to be a real estate broker assisting in the sale.

If you have any questions on the legitimacy of any timeshare resale company, you should contact your attorney, the timeshare home resort, or your local state government enforcement agencies. 

Tips to Prevent Timeshare Scams

If you are planning to sell your timeshare to a timeshare reseller, here are some preventative measures that you can take to make sure that the reseller is legitimate and that you do not get scammed.

  Tips to Prevent Timeshare Scams (Printable)

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