collins80j
Reston,#2General Comment
Wed, June 05, 2013
The resale agent will then ask the client to send a copy of their certificate of membership to verify the ownership. Once the ownership is verified, the resale agent will send a Transfer Form which outlines the resale agency’s fees to process the transfer. The scam is that the client is required to pay the transfer fee before the completion of the sale. In legitimate real estate transactions, the fees to the agent are paid at the end from the profits that the client receives from the purchaser. Once the transfer fee has been paid, the client has no recourse to try to recover the money from the resale agent should the sale not actually go through.
Escrow companies don't exist in Mexico
The resale agents claim to keep the purchaser’s money in an escrow account until the sale is completed. In reality, escrow accounts do not exist in Mexico. This fraudulent statement is made to try to instill confidence in the client by using a process that is common in the United States. In reality, the resale agents scam clients by having them pay their timeshare maintenance and monthly fees owed, as well as the transfer fees, and then they will stop replying to the client regarding the sale. The transfer will never go through, an escrow account will never be set up, and the purchaser is fictional. You should visit the blog from Mexican Timeshare Solutions to know more about this and how to get out of a timeshare scam, this is their webpage: