Mark Brnovich, Arizona's Attorney General, has issued a warning to timeshare consumers looking to sell their timeshare properties, citing a sudden increase in timeshare scams that has left numerous people wiring money to "con artists."
A majority of these timeshare exit scams are originating from fraudulent exit companies in Mexico, as timeshare owners are becoming increasingly desperate to exit their timeshare properties in the nearby country.
In the process of exiting their timeshare, timeshare owners are being scammed out of thousands of dollars from people claiming to be real estate brokers. These "real estate brokers" are using the names of real American businesses to convince timeshare owners to pay an exorbitant amount of money in taxes, escrow accounts, and other fraudulent money wiring scams.
Some scammers have gone so far as to claim they are representatives of the Mexican government looking to help those who have been at the hands of timeshare exit scams.
While this particular warning was directed towards timeshare owners living in Arizona, these timeshare exit scams happen across the country. It's important for timeshare owners looking to safely exit their timeshare property to undergo thorough research to ensure the company is reputable, as well as adhere to the proper timeshare exit strategies.