Originally posted by juliekaye
Overall, they look to me like a questionable outfit - blatant unauthorized use of trademarks and logos of other companies, conducting business without registering the business entity with the state, engaging in shill posting to hype the company.
*****
On top of that, the whole business of calling someone out of the blue, saying "we have an offer to buy your timeshare" is a well-known scam.
The scam works like this. They tell you they have a buyer, at what sounds to you like a very nice price. That gets you hooked. Then they tell you that they need some money from you upfront for some purpose needed to move the sale to the next stage; the exact purpose isn't important, but it will be something such as opening up an escrow account, conducting a title search, reimbursing them for their efforts to find that buyer. They usually assure you that the amount you pay upfront will be reimbursed to you after closing. They ask for a credit card number so they can charge your account. They might even offer a money-back guarantee if they do not provide services as described.
They get the credit card number, then send you paperwork to sign. The paperwork will not be a sales contract, but will be an advertising and listing agreement. A surprising number of people won't catch that. But if you do, they will say that is a standard agreement that they use because they are a listing company, not a broker. But they assure that the sale is proceeding, and not to worry because in your case the sale is proceeding and you're going to receive all of the money in two to three weeks.
You then won't hear anything back from them and you won't receive any money either. If you call about the status, they will tell you there has been a bit of delay, and payment will probably be delayed by a week or two. They will repeat that story as long as necessary to keep you on the hook during the time that you can dispute the charge with your credit card company.
When the elapsed time does extend past the date for you to dispute the charges, they will say the buyer backed out, but they are now advertising your property in accordance with the agreement you signed.
+++++
Of course, there never was any buyer. It was all just a ruse to collect $1000 or so in "advertising fees", of which they might legitimately spend $50 adding your listing to the inventory on their website.
Comment