Consumer Alert Advisory XIII Timeshare Resale Scam
Published by the American Resort Development Association on July 27, 2016
The American Resort Development Association (ARDA) and its Resort Owner's Coalition (ARDAROC) have been made aware of fraudulent activity by an individual using the name Teddy Davis, to defraud timeshare owners through improper representation of Timeshares Only LLC, who is a member of ARDA.
Teddy Davis is in No Way Affiliated with Timeshares Only, ARDA or ARDA-ROC.
Several timeshare owners are being contacted by a man using the name Teddy Davis, claiming to be a sales representative for Timeshares Only, LLC, in an attempt to get owners to pay an upfront fee. Davis claims that he has a buyer interested in the owner's timeshare and that he requires money upfront to be wired into an account in order to complete the transaction, which he calls a luxury tax. Davis has been reported to be using an email address that ends in @timesharesonly3.com. However, he may also be using other email addresses and names in an attempt to continue the scam.
Timeshares Only is aware of the situation. This type of offer is not a legitimate business practice of Timeshares Only. If you are currently working with a representative of Timeshares Only and if there is a genuine offer on your timeshare, you as the seller will never be asked to send money in advance.
Proceed with Caution
ARDA and ARDA-ROC caution all timeshare owners to be wary of such solicitations. If anyone contacts you claiming to be with Timeshares Only, ARDA urges you to contact the company directly to confirm that the individual indeed works for the organization. The number to contact Timeshares Only is 1-800-610-2734.
If you feel that you have been a part of a scam, contact your local authorities to file a report, reach out to the state attorney general, and file a complaint with the Better Business Bureau. ARDA encourages owners to thoroughly research any company before doing business with them or paying any upfront fees.
For more information about timeshare ownership and tips to ensure a safe buying or selling experience, visit ARDA-ROC's Timeshare Resale Resource Center.
Thanks for your consideration,
- The Management Team at Timeshares Only