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Be on the lookout for timeshare resale phonies

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The FTC and state consumer protection agencies have shut down dishonest timeshare resellers for bilking timeshare owners out of millions of dollars. If you’re selling a timeshare, listen carefully for the promise of lots of money quickly and a request for an upfront fee. Those are two key signs of timeshare resale scam — and someone you don’t want to do business with.     

In one recent case, Vacation Property Services claimed to represent big-name companies eager to buy timeshares for business travel and events. The company guaranteed timeshare owners hefty returns if they moved quickly on the offer. But first, the company said the owner had to pay from $500 to $2,000, via credit card, in “registration” and other fees to seal the deal.

Timeshare Resale Scams Infographic

Timeshare Resale Scams
Infographic

The company’s promises of ready buyers, fast sales, big profits and money-back guarantees turned out to be lies. What’s more, the timeshare owners were stuck with debt on their credit cards from paying the “fee” after the company told them that the sale would be complete — and that they’d have their money — by the time the credit card bill came.

If you own a timeshare, question any offers to help you resell it. Be skeptical of companies that:

  • claim the market in your area is “hot” and that they’re “overwhelmed” with buyer requests
  • say they have buyers ready to purchase your timeshare — or promise to sell your timeshare within a specific time
  • guarantee you’ll get big returns on your resale
  • require you to pay fees upfront — even if there’s the promise of a “money-back guarantee”
  • don’t provide a contract — or provide a contract that doesn’t accurately reflect conversations you had   

Read about buying and selling a timeshare, or check out our infographic to see how timeshare resale scams typically work.

Tagged with: scam, travel
Blog Topics: 
Homes & Mortgages

Comments

I also got a call from Joseph Ramos at S&S Prime Advisor and in his follow up letter he offered us double what we paid. I replied back "Not interested. Do not contact me again" with CC to the FBI and FTC.

Have you pursued this proposal? What was the end result? Your story sounds very similar to mine. No upfront fees

Was it called Vacation Connections LLC. Out of Chicago. It would seam that they got me for $3580.00 I feel like I was taken to the cleaners on this one. Look out!!
At this time I'm not sure if there is any thing I can do.

If you think you were scammed, please report it to the FTC at ftc.gov/complaint. The information you give will go into a database that law enforcement uses for investigations. You can also report to your state Attorney General’s office.

This FTC artilcle about timeshares and vacation plans has more information.

Seems alot of these "property management" places originate out of Chicago. Well planned and documents look legit. Even websites are pretty convincing. My experience was from infinity development inc. They also used transfer solutions for the handling of funds. Went through the motions with them until the "closing". And tadaa. I need to wire them 2200 bucks for a Mexican tax id. I told them I would be more than willing to have the fee taken from the closing costs but apparently it doesn't work that way. Remain suspicious of companies that require fees upfront especially when selling. My experience with selling has always been any kind of fees are taken out funds already in place for the sale. Stay safe peeps

My parents just got taken for $11,000 from Infinity Development Inc and Transfer Solutions. My dad is well educated and am surprised he fell for it. The websites look good, but domain name registered on 6/1/2016 right before they started cold calling people. I have filed with FTC and fraud.org to help others. Also posting their name everywhere I can to get more search results about the scams and not their website!!!

I also have been scammed by infinity development and transfer solutions they want you to pay four fees by the time you are finished. They are not at the address they give you. And they are very good scammers.

You can report this to the FTC at FTC.gov/complaint and your state Attorney General’s office.

infinity is offering me a high sum of money.I AM GLAD I FOUND THIS WEBSITE.

We to have been contacted by Infinity and Transfer Solutions. Thank you for confirming that they are a scam, which we have suspected all along. We are just at the stage with them where they want us to pay our transfer penalty of 5 maintenance fees to them. They are now changing all the requirements from their initial comments. We have tried without success to get any information on these creeps that we can. This is the first confirmation I have found in the past 2 months that confirms our suspicions. Thank you for that. There must be somewhere else that we can get the message out about these fraudsters.

You can also report them to your state Attorney General’s office.

Have you received or heard any complaints on a company called Resort Planning Group? I've been getting several calls lately on my Presidential suite at Pueblo Bonito Sunset Beach in Cabo, Mex. I would like to sell it as we are no longer able to travel due to health reasons. I currently have it listed with "Sell My Timeshare Now", but had to pay $1,750 for the advertising costs. I've looked on their site and it is listed. Is this still a Scam? Thank you for getting back to me soonest.

Lazyboy we are going through the same scenario you have mentioned. We have not had to front any money and we have received the escrow papers for signing. How did they respond? The RFC is being paid for by the buyer.

Yes that is what they say every time you pay. A few days later they want you to pay for something else. They will tell you to wire the money to Mexico. The buyer will also reimburse you the money. George moser will tell you they can't pay anything because they will lose there license. There was no license I checked ,they are not at the address that is on the contract we also have reported them to the proper authorities. Transfer solutions they sell medical eguipment,Infinity development lnc they are not listed with the real estate be. In illinois

Great job!! I had the same situation. The company promised to reimburse the taxes after it was paid. I asked them to pay it since we were going to be paid back. They said they couldn't do that. I then asked them to send us the funds so we can pay the taxes. No response. Very curious situation.

We just used your tactic with Richard McKinley from Infinity deveploements. We asked them to send us the 6000.00 they wanted us to send since it was to be reimbursed. He got kinda snippy and hung up. Guess he knew the jig was up.

Investment Group, Inc. from Chicago contacted us, too. They told us the rules of the assignment clause in our contract would not apply, because a Title Company would handle the transaction. I contacted UVC and they said this is NEVER done. They also had a 6% transaction fee.

I too was just contacted by this Investment Affiliates Incorporated with a deal that seems too good to be true. I would really like to get out of this timeshare but very skeptical of a scam of which I think most of these are. What was your final outcome. It all sounds good so far but afraid I will email a document that will entitle them to my timeshare without getting paid. Any thoughts on this company?

Don’t agree to anything on the phone or online until you check out the reseller. Contact the state Attorney General and local consumer protection agencies in the state where the reseller is located. Ask if any complaints are on file. You also can search online for complaints; enter the company name and the word “complaints” in a search engine and see what comes up.

I've been getting calls from W&A Consulting, I haven't seen them in this blog. Has anyone heard of them? They also want to purchase my UVC membership, at the possible price of $29,500. I figured they, too, were blowing smoke, now I'm sure of it after finding this blog. A foreign company selling vacation clubs, selling our names to another foreign company, then trying to scam the buyers. You gotta love that. I actually like my membership and have gone on a half a dozen US ski trips with it for just the RCI fees. I think I'll keep it.

I have received frequent calls from Sell my Time share. This is an agressive organization. HANG UP immediately Mr. David is a scam artist and insist that he is doing you a favor and you should be glad he even bother to call. The man harrassed me and I finally got rid of him when I told him I reported him to the FTC and Consumer Fraud. Several months later he called back using a different name...I hung up.

they call me everyday

Anyone heard of international corporate brokers out of Texas? Recent calls with promise of sale but requesting an upfront 10% transfer fee for my puerto Vallarta timeshare. They are sending mr a contract , more to come.

brian- we also have been contacted by ICB , i am still looking for more info

My recent scam experience was from Sam baker at Bell resort sales out of Amarillo, TX. He said he had a buyer for my timeshare. He only asked for $175 for title search and a tax fee. His commission was to be paid for by the buyer. I was to send the money western union to their branch in Daytona beach, fl. He would then send me the contract by fed ex. I had already received a contract by email. Needless to say I took the bait. After he received his money the company website did not exist, the company address was bogus and he does not respond to his phone or email. Seems like there should be more to this scam than $175. If anyone else has experienced this please let me know.

Feminmk. I also received numerous emails from Mr. Baker and I also sent him about the same amount. Just like you, I haven't heard back from him and I he won't respond to emails, txt msgs, and his direct line has a "mailbox full" message. His company line lets me leave a voicemail but no return calls.

BEWARE INTERNATIONAL LUXURY EVENTS calling from 323 786-1958. How they got my HOME number is beyond me. A guy with the last name of Simmons left a message twice. I returned the call because he spoke so fast on the phone I thought is was from my UVC membership that I own. When I called back and told him I already returned the call and left a message, asked why he was again calling and why on my home phone, he said "It's time to pull up your big girl panties and take care of business". I am now online finding out what a piece of crap business this is. As an attorney, it is my hope that some protections will be provided to those sucked in by this fast-talking, disrepectful obvious scammer who would not even tell me the name of the company he was working for. I had to google the number to find them.

Also beware of Global Luxury events and name used was Mark Hammer.

Reply company called property connect sent me letter of intent to buy my Uvc membership gave me escrow company transfer group both out of Chicago gave me a contract told me no money out of my pocket at all still scared anybody have any good advice thanks

Hey Tommy, did you ever receive your money. I have had similar experience with Vacation Properties Intl from LA telling me that they have somebody to buy my timeshare......thanks, Y

I'm going through the same thing with property connect

I got the same thing. Property Connect LLC in Chicago. Guy called me then sent the letter of intent. I'm here investigating if this is legit. Trying to figure this out.

We've heard from them too. It's a scam. I searched their address and then came up with a real estate company who manages the building. Their address is a vacant suite. We got so far as speaking with their escrow agent who was insisting on us paying the transfer fee by wire transfer to a bank in Mexico. We refused saying we were willing to complete the transaction but on the basis that all proceeds, including the transfer fee that they agreed to pay, would be paid to our lawyer in trust. They have phoned and objected to this but still sound professional on the phone. The challenge now is to get them to stop calling.

I heard from Property Connect also. Found three additional companies online with the identical website set-up including pictures and testimonials. When I told this to the Property Connect people they acted liked it was a surprise. They said they would investigate and get back to me. Haven't heard from them since.

Trying to find out if Regency Consulting Group is a reputable company, they called me about selling my timeshare.

Watch out for offers to buy your timeshare from:
Laura Borchers or Paul Kelleher
They will send you a bad cashier's check (usually $2,900) and ask you to forward a part of the money ($2,400) to an agent Samuel Kaplan or Samuel Boas who is supposed to close the deal. You lose the money forwarded. Fortunately, I got onto the scam before sending any money.

A company called Property connect offered to buy my unlimited vacation club membership for $21,000 just this week. They know too much about my contract. Someone inside unlimited is in on this and giving out member info for this scam. I received a contract and was told a wealthy Hong Kong business wanted the membership. I just would owe a 6% fee. They must be stopped. It's bad enough I bought the membership, now it has introduced more scanners into my life. Who needs this stress

I have an offered right now going on!! so it is a scam?
they told me I had to pay 2700 for the cx fee from UVC!! some one please help me an tell me what is my best option!

My husband & I were contacted by a company in Ok, Property Management,ML but after contacting the State of Ok we found out they are using this name but they are not a real company. Many complaint have been filled. They are also using another Company Ross Financials in TX, there is No such company in the state. Buyer Beware if it sounds too good it is a Fraud!

Yes, Ross Financials is a fraud. Unfortunately I was a victim of this company as well as Managements Systems Inc.

What did you do when they got you as a victim? My dad recently became a victim of Project Mgmt ML. What can we do now?

A guy supposedly with Property Connect in Chicago has called me 3 times in the past week offering $21,000 to purchase my Unlimited Vacation Club membership. It sounded too good to be true and I suspected it was a scam but he has rather convincing answered all of my questions about why a company from Hong Kong would want to pay me double what I paid for the membership. Thanks to all of you who have posted comments about this definitely being a scam. I won't let him waste anymore of my time. I agree with Patty above, it is bad enough that I fell for the sales pitch and bought the membership in the first place. I sure don't need further stress about it.

Property Connect, Chicago and Transfer Group Inc, Carpentersville (Escrow company) seem to be involved in a SCAM. They offered to buy my Unlimited Vacation Club membership for more than I paid for. They definitely know all the details about the contract! Agree with Patty - someone inside UVC, or former UVC employees must be involved. These people MUST be stopped!! DO NOT wire any money!!! DO NOT believe them, even if they sound very professional and give you Broker License No., etc., etc. It is a SCAM! Please complain to UVC and also send a complaint to the Attorney General and to BBB. Let's stop them!

I got the same offer as patty. The salesman on the phone was obnoxious (high pressure). They keep calling me, but i don't answer. The offer is nice, but it seems to require 6% from me; conditions are unclear at this point (they have asked me to sign a letter of intent, which I have not done. Has anyone out there actually gone through with the offer? Did you get scammed?

Yes - my husband and I went through with Property Connect. It's absolutely a scam. We are now out over 10K. We're following up with the Attorney General and the FBI.

A brief update. My husband just spoke with James Ross (his contact information is easily located through the real estate company that sponsors his license)- he does not work for Property Connect and has never worked for Property Connect. If anyone else has been scammed by Property Connect, please call the FBI, the FTC, and the Attorney General. These people need to be jailed. Not only have they stolen money, but they have stolen an identity. This is not okay.

I got the same thing last week from Property Connect LLC from Illinois for my UVC membership. The agent, Candice Cole, even offered me their Illinois Secretary of State business license number (which exists). I got the whole story about the Hong Kong company and how I just needed to sign the letter of intent. My funds would be held in escrow until the due diligence was complete, then I would receive my money MINUS the 6% commission. Sounds easy. No cost to me. But, now thanks to this forum I know that they will tell me my money won't be released from escrow until I send some fees or taxes. I had been contacted the week prior by another company, Property Management & Advertising Consultants Inc. from Mobile Alabama. The agent was David Gomez. I had mentioned to Candice at Property Connect LLC that I had a better offer from David at MAC Inc. and she insisted that I should check on their business and brokers license in Alabama because she is sure they are a fraud. I checked. They are registered in Alabama just like Property Connect LLC is in Illinois. The Alabama outfit had the EXACT same story as the Illinois outfit; even a Hong Kong buying company and no cash upfront with commisions taken from the escrow final sale. They are all aggressive and seem super sketchy. So, we all know about Property Connect LLC in Chicago. Has anyone dealt with Management & Advertising Consultants Inc. from Mobile, Alabama?

Very interesting......and frustrating. I have been dealing with Property Connect and Transfer Group for the past several weeks -- trying to sell a UVC contract to a Chinese buyer. They have sent lots of official looking docs, including a form purportedly from the Mexican SAT (tax) office to cover a 16% sales tax, and an insurance invoice (on AIG letterhead) for a premium of $3528 to cover Banco de Mexico "underwriting" risk associated with their approval of the wire transfer of funds to me.
They claim that all this is being reimbursed by the Buyer and they are supposed to be sending me a bank statement today to verify the funds.

I have already wired $1750 to Transfer Group, which is supposed to cover a 10% transfer fee to UVC, and an additional $1850 to cover a portion of the 16% SAT tax. Now they are asking for the insurance premium mentioned above. While I would love to get rid of this contract, I don't feel very smart right now! Anyone else?

Exact same thing for us. Don't send any more money.

Tom Tom: Sounds like a carbon copy of what I just went through. Everything you said is exactly like I experienced. I wired over $5000to these idiots and now I am fighting to get them back. I had another company call last week from Minnesota and I told them to go scam someone else.

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