With a large number of complaints being filed every day, timeshare laws are more getting more rigid, however, timeshare resale scams are becoming more planned andsophisticated. Know one of the largest timeshare scams perpetuated in Mexico.
Timeshare resales are the order of the day when it comes to timeshare scams. Every year, thousands of people are defrauded by several timeshare resale companies, which disappear after a while. Timeshare scams take millions of dollars, leaving a big number of timeshare owners in a critical financial situation. There’s no smoke without fire, and if there is bad news about something, such as complaints and deceits, is better if you stay away from it.
One of the reasons people keep falling for these scams is that timeshare salespeople are experts on lying —they can lie straight to your face without feeling any bad conscious— therefore, it is important that you try not to let yourself be dazzled with over realistic promises. Grand Weeks VIP is one of the latest and biggest scams.
Grand Weeks VIP
Grand Weeks VIP is a vacation package. Timeshare owners are the biggest target of this scam. This fraud is mostly executed in Cabo San Lucas, a world popular beach destination located in Mexico. The salesperson invites the potential victims to a timeshare presentation in Cabo Viejo. The salespeople claim to the owners that they can sell their timeshare for impressively large amounts of money.
Part of the deal is that you need to buy a “membership” which you can use to stay at several luxury resorts for very reasonable rates. This membership costs about $2000.00 USD plus some additional fees. After you buy the membership, you are promised you will receive the payment for your timeshare within 60-90 days, of course, that never happens.
Once you pay the asked amount, another company involved claims you must pay $700.00 USD, at the same time, an escrow company asks for $875.00 for closing cost, and then another $800.00 USD for attorney’s fees.
- Companies involved:
Essential Resorts LTD: Essential Resorts is the Travel Club which will supposedly buy your timeshare. This Company had an F rating on the BBB, but is no longer accredited.
Contact names: Julian Rosenthal, Cindy Watts, Raúl Mendez
Phone: 786-347-6485 (Disconnected)
Financial Services International: With an F rating on the BBB, Financial Services International is the Escrow Company that takes part of this scam.
Contact names: James Hoffman, Tony Rogers, Frank Rivers
Phone: 210-401-8702 (Disconnected)
Grand Weeks/Servicios Vacacionales: This is the company where you buy the membership. As the other companies involved, Grand Weeks VIP had an F rating on the BBB and is no longer accredited. The promises are big, but the services are useless. They claim to be part of the Sabre Travel Network, even where they are not.
Contact names: Raul Mendez, Cindy Watts, Julian Rosenthal
Phone: 888-560-4058 (Disconnected)
This is a very sophisticated and well planned scam. Costumers should be cautions and know all the details about this fraud.
Most of the complaints come out of Cabo San Lucas, Mexico. Despite of all the promises, the owners got nothing but scammed. These are some of the most common complaints about Grand Weeks VIP:
- Deceitful sales practices
- Companies asked owners for large amounts to sell their timeshares
- Victims have lost from $3000 to $8000 USD
- Owners never heard again from the developers
- Companies are not legitimate
- People never received any of the promised materials
- Websites and emails no longer exist
- The physical addresses are not real
Hundreds of Complaints about this scam have been filed in several websites like:
- Ripoff Report
- TUG: Timeshare Users Group
- Timeshare Marketplace
- Grand Weeks VIPWorldpress
Do your homework
Do not let desperation clouds your judgment, if an offer sounds too good to be true, it’s because it probably is. Before making a deal with any company, especially in the timeshare industry, google the name of the business and find out everything you can about it. Do not trust verbal promises and ask as many questions as you can.
If you, or someone you know, are stuck with timeshare you don’t want or you can’t afford, the best solution for you is to cancel your contract. Contact Mexican Timeshare Solutions for a free consultation on your matter. MTS is a legit company with an A rating on the BBB, which works under a contingency basis and only collects fees when the contract is fully cancelled. Contact MTS today for a free advice and get ready to get rid of your timeshare in a professional manner.
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