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With the new wave of timeshare scams being reported, timeshare owners need to be always check the validity of any closing and escrow company. Many of the new scams involve an unsolicited offer that is much higher than should realistically be expected- followed by the assignment of the file to a "fake" escrow company.
Some of the companies that have recently been reported as escrow scams include: Resort Escrow Exchange & International Event Coordinators, Vacation Solutions Network and Diamond Escrow Services, Ultimate Vacation Network and Premier Escrow Services, Prestige Property Consultancy and Elite Escrow Management, and Elite Resort Services and Direct Escrow Transfers.
The fake closing agent requires various false charges be paid in advance by the timeshare owner, after which no closing or rental ever occurs.
f you feel you have been a victim of an escrow scam, please contact the department which regulates escrow agencies in your state, the attorney general in your state, as well as the Federal Trade Commission at 1-877-FTC HELP (382-4357), or online at Federal Trade Commission.
Also, if these scammers obtain access to your personal info, bank account information, and/or credit card numbers, you should also consider yourself to be a victim of identity theft and take appropriate precautions.
Some of the companies that have recently been reported as escrow scams include: Resort Escrow Exchange & International Event Coordinators, Vacation Solutions Network and Diamond Escrow Services, Ultimate Vacation Network and Premier Escrow Services, Prestige Property Consultancy and Elite Escrow Management, and Elite Resort Services and Direct Escrow Transfers.
The fake closing agent requires various false charges be paid in advance by the timeshare owner, after which no closing or rental ever occurs.
f you feel you have been a victim of an escrow scam, please contact the department which regulates escrow agencies in your state, the attorney general in your state, as well as the Federal Trade Commission at 1-877-FTC HELP (382-4357), or online at Federal Trade Commission.
Also, if these scammers obtain access to your personal info, bank account information, and/or credit card numbers, you should also consider yourself to be a victim of identity theft and take appropriate precautions.
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