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  The Society for Consumer Advocates and Mavens

News You Can Use!

VACATION TIME-SHARE RENTAL RESALES

When considering vacation rental units, like condos and apartments, instead of a hotel or motel never "pay in full" to reserve the unit. Only give up to 50% of the cost to reserve any type of vacation rental housing.

Beware of time-share re-sale "come-ons" from telemarketers, direct mail, classified newspaper advertisers and others who may promise to re-sell your time-share unit to hungry foreign investors who supposedly are eagerly waiting in line to gobble up U.S. properties. Unfortunately, these marketers may only re-sell your unit AFTER you give them an upfront fee!

Do not be surprised to find out you may get little or nothing in return for the fee. To get the fee they may even try and convince you your property is "hot" meaning you could sell it for more than what you paid for it. Thoroughly check out any company that offers you this re-sale service, get references and request lots of information that you can easily investigate and verify or risk becoming a victim of time-share re-sale fraud!

SUPPLEMENTAL SOURCE: CNBC-TV STEALS AND DEALS 2/29/96

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