The Real Deal Miami

Trying to sell your timeshare? Be careful

March 25, 2010 09:54AM

The recession was just as unkind to the timeshare market as it was to
the home market, and as people look to unload their once-a-week
getaways, new issues are emerging with the companies that offer to help
re-sell them. Many situations involve paying money to a company, on the
premise that a buyer is lined up, and then never hearing from it again
— or getting one’s money back. Florida has 25 percent of timeshares in
the United States, and last year, there were actually more complaints
about timeshare re-sales than there were about mortgage issues in
Florida, according to consumer protection groups. [Miami Herald]