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Wyckoff Man Loses $1,900 in Timeshare Scam

68-year-old man had posted info about a timeshare for sale on line, then fell for a scam after two men from Florida called him about the property, police said.

A 68-year-old Wyckoff resident was scammed out of $1,900 this week after posting information about a timeshare he had for sale online.

According to township Police Chief Benjamin Fox, the man advertised online that he had a timeshare for sale, and received a phone call last Friday from someone claiming to be a buyer.

After they struck a deal, another person called saying the man needed to send a $1,900 check to Florida to cover a title transfer and lien search fees, Fox said.

“He mailed a check to a Florida address, only to find out after his check was cashed that he had been scammed,” Fox said.

“Anyone making any similar transactions, especially via the internet, [should] have family members or law enforcement review the situation before they send anyone money.”

Robert Madison February 18, 2014 at 02:03 PM
Unfortunately, there is virtually no resale market for timeshare anymore. The market has collapsed and the stark truth is that most timeshares are worthless. Ebay is full of timeshare weeks unsold for only $1. The sellers would of course be quite happy to sell for even less just to rid themselves of timeshare. This is a good article about the fraudulent purchase offers from timeshare resale companies: http://www.timesharescam.com/blog/72-purchase-offers-from-timeshare-resale-companies/
Lisa Ann Schreier February 21, 2014 at 11:18 AM
Sad indeed and all the more evidence that timeshare owners are in desperate need of truthful, unbiased information. The market has NOT collapsed. While resale values are indeed significantly lower than the primary market, a HUGE issue, I find that people need more education thereby getting them more power. Timeshares offer benefits but come with responsibilities.

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