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Timeshare Resale Scam

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Timeshare Resale Scam Reports & Reviews (15)

- Bradenton, FL, USA • Mar 04, 2024
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Initially contacted by phone. Stated that they have a potential buyer for vacation package. Offered over $100k for the vacation package. Sent an email back with information regarding the vacation package. A few days later, received a notice from citibanamex regarding opening an irrevocable trust account. Filled out the paperwork and the next day an account statement indicating the amount was shown on a statement as deposited into the trust account. After a phone call with this “Bob Drake”, Bob mentioned that everything is in order for the sale, just need the legal department to draw up the purchase agreement. Bob also mentioned that SAT registration would be required and that the SAT is similar to the IRS in the US. Stated that SAT/IRC number is required for all real estate transactions in Mexico and there are 3 ways to obtain. One to personally visit Mexico and apply personally, another is to pay a private attorney in Mexico to act as power of attorney, and third option is to have this service provided by an attorney they work with for a fee. Bob didn’t have the amount of the fee available on call, but would follow up within a few days. A couple days later, received a purchase agreement with a requirement for SAT registration for a fee just shy of $6k. Paperwork identified Trustway Services as Title/Escrow Agent, buyer representative (Teresa Donovan), Robert Drake (Broker)

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- Brooklyn, NY, USA • Feb 27, 2024
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My husband received a telephone call from the timeshare company. He wanted to sell his timeshare and thought this was the perfect time to sell it. We entered into a contract and submitted the first payment of $1745.00 with a wire transfer from our bank. Next, the company wanted an additional payment of $2345.00 which we sent from our bank by a wire transfer. Our bank official wanted to make sure we weren't being scammed and we both said "No".

We knew we were being scammed when another payment of $5,500.00 to pay Dominican taxes was needed.

A lightbulb went off! We lost our money. The amounts also included wire transfer fees.

The contract also listed the "alleged buyer's information such as name, address, etc. An email to him went unanswered.

I also did a scam report with the FBI. So far, we haven't heard from them.

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- Wichita, KS, USA • Feb 02, 2024
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Email was sent about disclosure meeting for Bluegreen owners on January 5 at a Hilton Hotel. Eileen 479-325-5031 was her number. She discussed the sale of Bluegreen to Hilton and all the scare tactics and we were given opportunity to exit our timeshare. We paid 5900.00. Then about a week later received an email and call from a Thompson and associates law firm in New Jersey. I do not know if they are legit. I have investigated everything about the law firm and things do not add up. We did send info on timeshare and regretted it. This made me investigate more both the law firm and Corporate consulting associates and found all to be a scam.

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- North Kingstown, RI, USA • Nov 15, 2023
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I was initially contacted by a Mark Dyer. He then sent me an email telling me that I could sell my vacation package for $92,972. After much hemming and hawing and some research that apparently wasn’t very thorough, I paid the registration fee that they said I needed to do business in Mexico. So then told me I needed another $3500 for something else than a $16,000 for a tax payment then an additional $34,500 + for the customers fee. I did not have that final amount so I had to decline. I lost all that money as well as my vacation club. I told them over and over again that this would be a financial devastation for my husband and I and they assured me that it is not a scam. Come to find out. It absolutely is a scam and now my husband and I are in financial distress.

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- Roanoke, VA, USA • Sep 12, 2023
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I got a call from a company asking if I wanted to sell my timeshares and I agreed. I later realized it was a scam.

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• Aug 23, 2023
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I was contacted by phone regarding my time share. The person claimed to want to buy it and sent an email offer to purchase. The name on the offer was Patrick Nealon .

I went online to check company out as it seemed too good to be true. There were numerous tales from others who said they had lost money to phony sales that never went through, even after paying "service fees" or "sales taxes" to facilitate the sale.

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• Aug 07, 2023
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This was a time share buyback deal with this company and another company, A Trusted Name, LLC phone 9176721943. Each of there websites were similarly designed with no ability to expand anything on the site.

Patrick Neelan (? Spelling) also called from 6466478737 representing himself as the head seller.

As the title company rep, Alexander Rossi, presented me with a Mexican bank, bbva, for the “trust” which was for a fidecomiso, I questioned this process and didn’t give anymore information. A fidecomiso is nothing like the American trust we are used to and does NOT allow for moneys to be held for transfer.

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- Hollywood, FL, USA • Jun 05, 2023
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The scammer said he represented a company RCR-resorts condos resale, & called me saying he had buyers for my Timeshare in St. Marten in the Caribbean. I was to receive all money given over a 6 month period held in escrow plus the sale price totaling $84,000. Promised date was May 23rd, 2023. I was to receive a call from their bank to transfer $$ to my bank account. I haven’t heard from Brian Woods since in spite of trying to make contact via phone & text messages. Another name with RCR Carl Mathe accounting general manager, appears on a document: There was a request to send money payment to his Chase bank account:535765298:routing# 021000021. Personal address given: 33East 74th St., Lennox Hills, NY 10021. Note: l was told that because the Timeshare was out of the country the fees requested from me were necessary to complete the sale-even fees charged by the Resort - the Royal Islander Club Le Plage, St. Marten. I had a Payment Protection Agreement which claimed that if buyers backed out of the sale, that all my payments would be returned. That was not the case. When l called the resort, l was told that l had been scammed.

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- Greenbackville, VA, USA • May 08, 2023
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They spoke with my lawyer, sent my lawyer documents. They are using other lawyers and brokers licenses. The contract is flawless, they tell you no upfront cost, the money will be waiting on an escrow account. Then you sign the contract. Then u have 48 hours to pay the foreign tax registration fee 6,190.38 dollars or you will be held liable for the cancelation contract where you owe the buyer and broker. I went to NY personally b4 sending any money, so thankful I did. The office is an apartment complex, which I googled prior to going, and they convinced me it was an office. Too many red flags. Feel bad for the people whos license they are using!

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- Nevada City, CA, USA
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Note: The previous page would not allow me to enter dollar amounts, which are as follows: Lost: $16,714.00; Attempted to take: $28,960.00.

Offered to sell my timeshare at a great price. Promises were continually made and broken. Repeated requests for money for different fees both here and in Mexico, where the money I paid was banked, with guarantees that I would receive my money as soon as the fees were paid. Each time I paid, a new request was made. I dealt with Alfred Bradshaw, Ellen Miller, David Lee, and Anthony Andreoli with M&L Realtors; Mr. Eduardo Ramirez from HACIENDA/SAT; and Mr. Carlos Ruiz from the General Administration Office in Mexico City.

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- Missouri City, TX, USA
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They offered to buy our Unlimited Vacation Club membership. To process the deal, they collected registration fees, taxes, and an insurance collateral bond. Monies were moved to an escrow account that I was never able to access or get the monies from.

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This is a fraudulent company that asks for you to pay them money to rent extra weeks available and have corporate use them. I had no idea the antics that they use to fraud you out of your money. DO NOT TRUST THIS FICTITIOUS COMPANY!!

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The company contacts you by phone saying they have a buyer for your timeshare. They offer a reasonable price and the agreement they send appears legit. However, the promised wire transfer payment never arrives and then suddenly they ask you to send money in order to get the wire released or to get some government clearance for taxes owed to the government. (all untrue) The other tactic they use is they set up a very sophisticated copy of the resort where your timeshare is held. You receive a call from someone pretending to be from your timeshare resort to try and collect your maintenance fees by wire transfer instead of the by normal credit card They create a fake email and even reprogram VoIP phones to look like it's your resort calling

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After receiving 30 offers to sell my Mexican time share, I received a call from BCPB, They seemed legitimate at the time, but now I believe they used the names of prominent business people in the NYC area, so I listened to their offer. After I paid the transfer fee, I got charges for Mexican service fees and taxes. They spent a lot of time convincing me that they were legitimate. When I refused to pay any more they threatened a lawsuit. I hired a Mexican lawyer to investigate and he found out it was a total fraud and gave zero chance of recovering any funds that were wire transferred. This was confirmed by the FTC and FBI. My advice is do not wire transfer any money to Mexico for any purchase or sale agreement.

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3 different people from Park Associates called and offered to resell my timeshare. I took the bait, and within a week I had a ridiculously high offer. I questioned this and they said everyone wants to buy is Mexico. They had an escrow officer contact me from Escrow Pro Inc in Chicago. They claimed to have set up an account for me with a bank in Mexico and wanted me to call and confirm at the number they provided. I received a new Revised Purchase Agreement for my timeshare that includes all these rules about canceling and fees and due process. I did not sign this purchase agreement as I had already looked up the bank online and called an actual number for them. I do not have an account in Mexico. Surprise. Also they have not contacted my Timeshare company to get any of the required documents to actually sell/transfer my membership. I can find no records for this business other than the bad website they provided.

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