- Timeshare Discussion Forums
- Timeshare Companies
- I am a former TIMESHARE EMPLOYEE IN...
I am a former TIMESHARE EMPLOYEE IN MEXICO
gabrielan11 wrote:Hi. We’ve been contacted by a company wanting to buy our timeshare in Mexico but are charging us $5,300 because of taxes and transferring title. Is this legit?
No, it's not "legit". It's a scam, plain and simple. Lace up your running shoes and run in the opposite direction, right now.
Your RTU contract actually has very little (maybe zero) resale market value in the first place. Secondly, there is no "title" involved in a RTU contract, since there is no ownership of anything to begin with in a Mexican RTU (right to use) contract --- what you have is really nothing more than a "membership" (i.e., no "title" exists). Last but not least, there are no "taxes" involved in transfering a RTU contract from one entity to another, although the Mexican resort involved may charge an internal fee to effect the transfer (if they even allow contract transfers at all, that is; some don't allow "transfers"it at all).
Heard enough? Run, run away NOW. You are going to be asked for money soon enough and if you foolishly pay it you will never see that (or any subsequent) money again. The scammers will either disappear, or come up with more reasons for you to send them more money.
There is an old saying "a fool and his money are soon parted". Don't proceed with this scam and prove that old saying to be true.
KC
Last edited by ken1193 on Jun 29, 2023 05:22 AM
gabrielan11 wrote:They have set up a bank acct for our escrow. Is this for real? My husband called and they confirmed it was all there.
What part of the word SCAM do you not understand???
Regarding such situations, Dr. Phil McGraw says --- "There are no victims, only volunteers". It seems that you remain determined to ignore good advice already provided to you and are ready and willing to "volunteer" anyhow. If you proceed (volunteer) for this SCAM, just know and understand very clearly in advance that you will permanently lose every penny that you send off to Mexico (and you will still have your RTU contract anyhow), so please don't come back later claiming to be a "victim". Do not "volunteer"!
KC
Last edited by ken1193 on Jul 03, 2023 06:43 AM
First, Mexico does not sell timeshares, but vacation club memberships. That's it. it is easy to cancel without any worries. Yes, the timeshare cancellation services and attorneys will scare you into thinking that you cannot cancel, but you can. Secondly, Mexico does not have a credit reporting system, and neither do they have access to American credit reporting agencies. They must be a U.S. business to have access and have the client's social security number. Look at your credit report. Your Mexico timeshare will not be included. the good news is that there are timeshare cancellation online courses that are successfully helping timeshare owners cancel their Mexico timeshare on their own without impacting your credit score and without hiring a cancellation service. Do a Google search for timeshare cancellation services. Best of luck!
Wayne R.
No need. There are timeshare cancellation online courses that are teaching people how to cancel your Mexico timeshare without affecting your credit score. They cost about $29.00. Just do a google online search for timeshare cancellation course and do your due diligence.
Wayne R.
What you might want to do is this: I used to work at El Cid in Mazatlan as I am a former timeshare executive. Buy the cheapest timeshare anywhere in the world with the lowest maintenance fee. You can easily exchange it into a Mexico timeshare because there are so many that want to target RCI and I.I. members. Here's why...Mexico does not sell timeshares. They sell vacation club memberships. Neither do the companies that sell the timeshare own the resort. They are owned by different companies. Therefore, there is unlimited inventory throughout Mexico. I worked at a company in Cancun called Sunset Royal. When I worked there in 2004, I was told that they had been sold out for over 10 years. But yet, there were more and more people coming to the resort, especially exchangers. Also, use the bonus weeks for Mexico. Lots of inventory because more resorts are being built. Buy cheap and travel the world. Hope this helps:)
Wayne R.
https://podcasts.apple.com/us/podcast/the-daily/id1200361736?i=1000652239114 Listen to podcast from new york times. Now!
gabrielan11 wrote:They have set up a bank acct for our escrow. Is this for real? My husband called and they confirmed it was all there.
Kathryn K.
