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If you have been victimized by either a timeshare resale firm or a timeshare resort, add your complaint below.
Timeshare Scams and Fraud
Category: Timeshare Resale
Company Name: Perfromance Asset Management (PAM)
Posted: Jun 09, 2013 by Anonymous
PAM contacted my parents and let them know they have a buyer for their Mexican timeshare. That alleged that buyer is willing to pay 130% for the timeshare and that PAM would collect 9% of the sale price once the transaction has been completed. All of the documents they sent us to sign looked very legitimate including a document from a Mexican bank, Bancomer that indicated that the buyer has funded an escrow account to fund the sale and to assure the safety of everyone’s money. These documents included phone numbers, addresses, account numbers and guarantees from PAM. They answered all my questions and I was reassured and ultimately convinced that this was a legitimate offer.
However, according to PAM, Mexican law requires a percentage of the sale price as an International R... Read More
