We started buying timeshare from Resort Properties (now Silverpoint) back in 2007 on the promise that it would be a "good investment" and we would be able to make a profit in 2 years! Whenever we went back to the resort we were persuaded to buy more timeshare and so the story goes on! Now I understand Silverpoint are apparently in the process of administration. I have been approached by a company called Timeshare Legals who claim they can get my money back (circa £60k) plus compensation for misselling the timeshares. They use a company called JLSA who are Spanish solicitors and would take my case to court in Tenerife. The only drawback is they are asking for £8,000 up front for court fees. I am obviously cautious about losing yet more money and would very much like to know if anyone has used this company and if so, have they had a successful claim through the Spanish court.
If they contacted you the odds are that they're a scam outfit, probably run by ex timeshare salesmen!
Persoanlly I wouldn't touch them on that basis