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Mexican Timeshare Resale Scam

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Mexican Timeshare Resale Scam Reports & Reviews (8)

- Long Beach, CA, USA • May 02, 2024
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On 2/29/2024, I received a phone call from Sasha Karas realtor who claims that working for New World Realty in New York. She offered to purchase my timeshare membership for $187,200. They accepted my counter offer for $250,000. They opened escrow with Budget Title Inc., 515 N. State St., Chicago, IL 60654, phone 872 208 0694. I signed the contract. Escrow requested that I need to wire the money to Mexico in the amount of $10000 to pay for the tax ID registration, $37500 for state tax, and $9890 for legal recording. I received a call from Kevin Driscoll who claims he is an attorney with New World Realty. He said that in order for his company to release the funds. "New World Realty Company and Customs Officials guarantees that as soon as the Customs Clearance Number is renewed for the remaining amount of $87,980.00 USD, the funds in the BBVA Bancomer Account # 53497821577 with the amount of $395,370.00 USD will be released and accessible to the Seller. The Brokerage Company is held liable to fund the Seller if for any reason the funds do not reflect in the account information the Seller provided to the Trust and Title Company. The Brokerage Company must pay a full amount of $395,370.00 USD to the Seller from the Brokerage Company Chase Business account." I told him that I don't have money. If you want me to pay, you have to release my funds. He also scared me that if I can't make that payment or cancel the contract, I have to go to Mexico and explain to the Mexican Officials. I believed that I a victim have been scammed by this company and Budget Title. I would like your office to look into this matters.

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- Yuma, AZ, USA • Nov 07, 2023
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They sent me a letter of intent to sell them my time share we signed and email them a copy , then Mr Andrew called me and said an escrow person would contact me and when that person contact me I saw that it was the same people from BBVA Mexico, the same people that are on line that are scamming other people, I called Mr Andrew back and he said he would report it to his superiors and call me back, which he never did, how can they report this to the police department so they can put a stop to these people.

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- Citrus Heights, CA, USA • Nov 06, 2023
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My parents initially received phone calls from Realty Advisory Group, LLC offering to sell their timeshare in Mexico. They asked me to handle the call because my English is better. The initial caller identified himself as Robert Drake, and gave a real Individual Real Estate Broker License number, which I verified on the official government website at https://appext20.dos.ny.gov/nydos/selSearchType.do. I did not have a way to check whether the person I was speaking to was actually this Robert.

He said that he had a buyer for the timeshare for around $100,000, and needed my parents' signature on an Escrow application, to become the beneficiaries on an Escrow account. The Escrow company, Trustway Services, and the address, 28 Liberty Street in New York, really exist. My parents signed the application and emailed it to him.

Next, Robert transferred me over to the "senior broker", Jason Moore. Jason gave me a Broker License number (***********) that really exists and is not expired, but upon some internet research, was associated with Moore Realty, not Real Estate Advisory Group. In fact, apart from the website "https://realtyadvisorygroupllc.com/", I was not able to find a Realty Advisory Group, LLC in New York either on Google Maps or anywhere else on Google. That made us a bit suspicious.

Jason told me about a fee that my parents would need to wire to a legal representative in Mexico, Alvaro Garcia Rodriguez, to open an Mexican Tax ID number, because it was required by the Mexican government due to the timeshare being located near the Mexican border on the coast. He said that the amount would come directly from the Mexican Government, and it would be emailed the next day.

In the meantime, I researched about a Mexican Tax ID number, and learned about the RFC number, which is the ID number used for taxes in Mexico. I learned that there is no fee for an RFC number, and that to apply, one has to be have Mexican citizenship or temporary or permanent residency, which my parents don't have. Also, it takes months to get an appointment with the SAT office of the Mexican Government to get this number, and one has to come in person and provide biometric information.

I asked Jason if this was the number that he was talking about, and he said that it was a different number for foreign transactions. I asked if he could refer me to an official source to learn more about this number, but he did not provide any more information or send me to an official source.

The next day, he sent my parents a sales contract, and the "SAT Registration Number" fee on it was $5,703. That's how much he wanted my parents to wire his agent in Mexico, promising that we would have our money, $98,995.00, in 20-25 days.

Because he could not answer our questions about official information regarding the SAT Registration Number which I couldn't find anywhere on the internet, we did not sign the sales contract.

Besides that, he emailed my parents a "statement" allegedly from Citibanamex, to show that the money had supposedly already been transferred by the seller to this account in a Mexican bank, before it would be transferred to the Escrow account. However, the phone numbers on this statement were different than the one given on the official Citibanamex website, and when I asked Jason to refer me to a page on the official Citibanamex website that would show me that these phone numbers were legitimate, he did not do so. He just said that Citibanamex really does have a "cross-border division", and that I should call that number. He said that after I send him a screenshot from a forum that said that Citibanamex doesn't even have a "cross-border division", and that this is a scam.

Jason was not able to provide any more information to us, so we did not continue with the transaction.

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- Englewood, CO, USA • Jun 21, 2023
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Person (Patrick Nealon) professing to want to buy a time-share property I own. I expect that if I pursued this offer, he would be trying to gain access to my personal/banking info. I asked the resort company about this, and they told me that they had been contacted by a number of owners regarding this offer, and the resort states this is a scam. Below is copied version of letter sent to me; I could not upload the file because it had "errors" preventing the upload (suspicious!), and even when I copied it and pasted it into a PDF document, it could not be uploaded. -----------

Dear Membership Owner(s):

This email is pertaining to your phone conversation with one of our representatives. As he informed you, Worldwide Realty Inc is currently gathering real estate vacation memberships and fractional ownerships in the top invested areas of the United States, Mexico and overseas.

In order for us to begin the sales process, please carefully verify that all of the information below pertaining to your ownership is correct.

********** ***** *** ***** ***** ******** ***** ******* ************ ****** *********************** ****** ***** ***** *** **** ****** ********* ****** **** ***** * ******* ********** ***** ** ****** *** ***** * ***** ****** ******* ** ************ ** ****** ****** Open MEMBERSHIP PURCHASE OFFER: $75,000.00 USD

If you find this offer appealing and decide to sell your vacation membership, please sign this Letter of Intent and return it to us via email along with a voided copy of the coversheet contract of your membership.

Keep in mind by signing this document, you are not committing nor obligated to sell.

Your representative Patrick Nealon at 646-647-8737 ext. 104 will be providing assistance to keep you informed with the updates

June 16, 2023

regarding this acquisition. Regards,

Richard Wilmette

Sales Director

Worldwide Connect Realty Inc ***** ******** ********** ***** Signature

Website: Worldwideconnectrealtyinc.net

Email Address: [email protected]

1 Court Square, Long Island City, New York 11101 646-647-8737

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- West Warwick, RI, USA • Jun 11, 2023
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This incident began in April of 2022 with an unsolicited phone call for an offer to sell my timeshare. Broker Francis Oshaugney informed me that there is a buyer offer and sent me a proposal for the approximate amount that I originally paid. I accepted under contract terms that I would only pay the upfront required transfer fee which was 3500. Well then the horrors began then with calls from company attorney Anthony Andreoli with several threats on going over 9 months. I was also contacted by his secretary Ellen Miller and the so called owner/buyer Gordon Belanger. Received calls from Mexican IRS and affiliated banks. This circus lead to my wiring money into different Mexican accounts every two weeks. I have lost my pension along with $56,000 and left with $18,000 of it debt.

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- Clarkson, NE, USA
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On 1/26/2019 we vacationed in Puerto Vallerta Mexico and purchased a Vacation Choice Reward package consisting of certificates for approximately $50,000 worth of travel. We dealt with this company for over a year and then covid hit so we felt like we wouldn't be using it anyway so didn't presue it any longer. In Sept. of 2021 a company by the name of GMA Travel Associates 515 Madizon Ave, NY, NY 10022 516-394-4379 (John Alexander) contacted us and said they had a buyer in Mexico who wanted our travel package and would pay $50,000 for it.Then began the need for wire tranfers to move the money out of Mexico. Wire tranfers in the total amount of $105,000 over the next 14 months went thru this company or US Commerical Escrow 213 west 35th street, suite 200, New York NY 513-203-4650 David Stone to BBVA-Bancomer in Jalisco C.P. in Mexico and Cibanco SA Colima, Mexico 28530. We told the mexicans who kept calling us for more money that we were not spending anything more and they did not call for 4 months. Now they called yesterday and say the money is ours and in an account in the Bank of Mexico. Because it is inactive, we are accumulating fines and they want those paid. We need to get this stopped and will no longer take their calls. Also in the process last june 2022, a person by the name of Scott Templeton said he would help us by investigating our transactions and said he was the supervising financial contol officer for the Federal reserve system. He did his 'investigation' over 6-8 weeks and said all was ok for us to get our money and it was here in the U.S. but then he was out of the office and in the meantime our money was sent back to Mexico. After that they needed more money for numerous permits etc.

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LPS Capital LLC calls me through an agent to offer a purchase of my vacation membership in CanCun Mexico. His offering should include not prepaid fees or commissions to property liberation by me but the contract didn't honor this petition. The original offer was not respected ($23,500 USD) instead of this it was changed to $19,500 USD to support any prepaid fee if applied and cover me and release me of this payment compromise. With all of this company required a payment of $546 USD for the money exchange rate and $5850 USD for the IRS. All payments are managed by Fidelity State Bank & Trust Company (510 North 2nd Avenue, Dodge City, KS 67801) and the money receiver Imperia Corporativo Construccion e Inmobiliaria SA de CV in Guadalajara México. The IRS payment is not possible because it was not specified (calculation) or not clarified now I'm receiving legal notification for breach of contract.

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First they called me stating that they could buy my membership with Dreams for $42,600. USD which seemed a little bit too much but I accepted, then they mentioned that i had to pay for a mexican permit and that the buyer would be paying the taxes but that first they would lock in the offer in an escrow account with an in-house escrow officer from the same firm. What real estate has a so called "in-house escrow"? So that's when i started doing some research and it turned out to be that the website was created this same year and it has so many spelling and grammar mistakes, they are using pictures for properties "they sold" taken from Google with watermarks from a different company, so that's how I figured that this business is not real.

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