The Colorado Division of Real Estate recently announced an influx of timeshare scams targeting Colorado consumers, real estate brokers and out-of-state consumers.
In this particular scam, timeshare owners are cold-called, mailed or emailed solicitations from an unlicensed business entity purporting to be a full-service property management company, real estate brokerage or title and escrow company that lists and sells timeshares.
The Colorado Division is urging consumers who were contacted by a fraudulent timeshare resale company to first use the division’s online license lookup feature to verify the authenticity of the company and ensure the business license details match the information from the timeshare resale company.
In response to these fraudulent solicitations, and to further inform and protect consumers, the Colorado Division has also created a Timeshare Resources webpage that provides information and resources for timeshare owners who are at risk for timeshare scams.
Learn more about timeshare exit scams and responsible exit strategies here.