If it sounds too good to be true, it probably is.
Strathcona County RCMP are warning the public of a scam circulating in the area involving the sale of timeshares.
Investigators said timeshare scams often involve a person who poses as a reseller or real estate agent claiming to be interested or have a buyer for a timeshare. After persuading you to sell your vacation property, the scammer begins to try and take your money.
RCMP said they will go to great lengths to seem legitimate and credible and will use names, addresses and phone numbers of reputable businesses, create elaborate websites, and official looking documents.
The scammer will then ask you to send money upfront by wire transfer for closing costs, maintenance, taxes or other fees. If you send them money, they will typically ask for more money for unforeseen expenses but in the end, there was no actual sale and the victim is out thousands of dollars.
Officers suggest you be cautious of scammers requiring you to make an account in another country to proceed with a money transfer or if they request a crypto currency transfer.
The Canadian Anti-Fraud Centre said you should be suspicious of any sellers of time-shares who contact you without an invitation, asks you for any kind of upfront payment or says they have a buyer waiting to buy your property.
Other signs to watch out for include a seller or scammer who puts a lot of pressure on you to…