In 2008, with the collapse of the economy and crash of the stock market, many homeowners found themselves no longer able to afford their homes much less the timeshare that they had purchased in a moment of weakness.
Because a timeshare is oftentimes a “lifetime” obligation to pay maintenance, taxes and fees, it is a liability, not an asset, that many people could no longer either afford or want.
Faced with the prospect of ever increasing maintenance fees, and desperate to get rid of the so-called “vacation of a lifetime” many timeshare owners turned to the timeshare resale market in an effort to be relieved of their lifelong obligation to pay ever-increasing dues and fees.
Into this vacuum of desperate owners wanting to sell, jumped the timeshare resale scammers.
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