Timeshare Scams and Fraud

On March 27, as I was recovering from open-heart surgery, All-Star Equity offered to buy 20 of our Grand Vacation weeks, the transaction to be coordinated through an Escrow Agreement with a closing company: Universal Assets Group, 44 Cook Street, Denver Colorado, 80206, phone 1-303-954-4851 / 1-303-954-4869. After extensive phone and e-mail communication with Universal Assets Group: Timothy Ritter, Lorraine Sanchez, Caroline Mendoza, and Roger Miller and with Jorge Nunez at All-Star Equity (the last being on June 27), we have discovered today (August 21st) that the phone numbers are apparently no longer in use. Over a period of almost three months we have made the following wire transfers (all in USD): Maintenance Fees - $9,500.00, Tax - $5,488.00, Registry of Foreign Transac... Read More

CNN Timeshares made me an offer of selling my timeshare in Cancun, Mexico within a one year period with a "Money back Guarantee" if they didn't get it sold.
I signed this agreement with this company October 12th, 2011 and paid $2300. Since the year already went by, I've been trying to get in touch with them unsuccesfully.
Sent letters by mail, sent emails, tried phone calls and faxes but the line always sound busy. A ripoff

This company offered to rent or sell our timeshare in Puerto Vallarta. I looked up info about the company, and didn't find any complaints about them, so I proceeded to talk with the sales person Steven Diaz. I asked him questions about the contract, to try to find out if there were any up front fees. He was very vague in his answers. There was a 10% transfer fee, which he said would be in escrow. Before signing the final contract, I asked him again if this fee would have to be paid before the closing. He said that yes, it would have to be. So I said we were not interested in any deal if we had to pay any fees before the closing. He became very antagonist at that point.
This company seemed legitimate, but it looks like they are another company involved in timeshare resale scams.

Been Scammed by some very very slick talkers. Beware of this group they are master minds at taking advantage of trusting people. Received a call from a company called unlimited outsourcing inc. about selling my timeshare. After checking this company out and didn't find anything at this time. All looked ok. I then received a call from michael brown telling me he had a buyer for my timeshare. I received a timeshare purchase agreement (buyers Terrance and Theresa Duncan Newport Va.) through mail. I called michael brown to let him know i had received the purchase agreement. He then told me that I needed to do a wire transfer of $1496.52 for sellers legal fees and that i would be refunded this money back. this was also spelled out in the timeshare purchase agreement. I also received a... Read More

Got a phone call from Clearview Properties explaining that they were a timeshare reselling company and someone had interest in our timeshare that we own. When asked if they were a legitimate business all they could give us was a "word from mouth" certificate of good standing. "Supposedly" the buyers put $7,000 down that they would lose if they backed out of the deal. This payment was done before we were contacted by the company. We were suppose to put $1985 down for closing costs and we would "see the money back from the selling of our timeshare." We believe that the buyer's down payment was used as an incentive for us to put in money. A contract was emailed to us with "signatures", which does not look like a professional contract and... Read More