The Better Business Bureau has issued a warning about Las Vegas-based City Resorts after 23 people filed complaints about the company since March.
Apparently City Resorts representatives have contacted timeshare owners saying they've found a buyer for them. But after the owners send in cashier's check payments of anywhere from $2,000 to $6,000, ostensibly for closing costs or processing fees, they haven't heard anything more from the company, according to the BBB.
This isn't the only example of timeshare resellers gone bad. The BBB says they've gotten nearly 3,000 complaints about this industry in 2010 alone.
The BBB has several tips if you are looking to sell a timeshare, including confirming the address and licensing of the business, and asking ahead of time about any commissions or other fees they might charge. Also, ask what services are included and find out whether any fees you pay are refundable.