The Better Business Bureau Serving Central, Northern and Western Arizona has issued a release stating that timeshare owners across the country allege losing thousands of dollars to the Phoenix-based company that claimed to have buyers ready to purchase their timeshares. Consumers have reported that Great West Funding, Inc. contacts timeshare owners allegedly claiming they have buyers ready to purchase the owners’ timeshares. Consumers allege that GWF representatives assert the company will arrange for the sale of the property, but that an upfront fee, usually $2,175, is required to begin the process. Consumers allege that after they sent the money to GWF, sales were not completed as promised. Some consumers maintain that GWF representatives again contacted them, claiming that the timeshare sale will not be completed unless they send additional funds. The report states that the company did not have a real estate license, and the address used is false as mail to that address could not be delivered.
If you believe that you have been a victim of consumer fraud perpetrated by this company, please take the time to report the crime to the Office of the Arizona Attorney General at www.azag.gov or 602-542-5763; and the Federal Trade Commission (FTC) at www.ftc.gov or 1-877-382-4357.