In recent years a business model has emerged whereby Timeshare owners are targeted with promises of being able to cancel their contract and relieve themselves of paying annual association/maintenance fees. These businesses have become prolific in current markets.
Many of these “Exit Companies” present owners with misleading information, often using scare tactics and false advertising, in order to convince unsuspecting owners to sign up for services that require large upfront fees. Often these fees are exorbitant (e.g. thousands of dollars); often they are unable to deliver what was promised and ultimately those funds are wasted.
We strongly encourage our owners/members to avoid such businesses. Among the red flags of Exit and Resale scams for timeshare owners to be aware of are:
If transitioning away from Vacation Ownership is a goal, we recommend our owners contact Southwind Management Corporation directly so we can assist in better explaining your benefits and advise of any available options.
There have been several publications / articles detailing recent timeshare re-selling scams. Here are tips on how to protect yourself if you ever consider selling.
If you own a deeded Spinnaker week please be aware that your deeded property is public knowledge and therefore is available to re-sale scammers. Do not be preyed upon by these fraudulent business fronts.
If at any time you need to speak to Spinnaker regarding any questions you may have, please call (843) 341-9568 or (866) 775-8953.
Investigators and experts say there are simple ways to verify that the person buying your timeshare is legitimate:
Don’t give your credit-card number out over the phone: If possible, meet the resale agent in person. Carefully review any documents and take your time.