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BuyaTimeshare.com Supports FTC Timeshare Resale Initiative June 14, 2013

Posted by Steve Luba in : News & Events, Timeshare Resale , trackback

Online timeshare resale and rental advertiser BuyaTimeshare.com has announced its full support of the campaign led by the Federal Trade Commission (FTC) to shut down companies operating illegally in the timeshare resale industry.

The FTC, working with the U.S. Attorney’s office and various state agencies around the country, stated last week it has brought 191 cases against companies over the past two years, with over 180 people currently under prosecution for fraudulent timeshare resales and travel club activity. The State of Florida has sued nine resale companies this year, with a total of 83 civil cases pending across 28 states.

The FTC activity comes as welcome news to Wesley Kogelman, president and CEO, BuyaTimeshare.com, who acknowledges that these rouge operators have made it more difficult for legitimate companies to offer services to owners looking to find buyers.

“We are very supportive of the FTC and law enforcement agencies working to clean up the secondary market,” Kogelman said. “These companies have given the entire industry a black eye and it’s no wonder that owners are hesitant when looking for a resale company with which to do business.”

Kogelman added that there are a few basic points of emphasis that timeshare owners need to be aware of when dealing with a suspect company. They are:

BuyaTimeshare.com has been connecting owners with buyers for 14 years, so anyone with questions about how the secondary market operates can contact the company at http://buyatimeshare.com.

 

 

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