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Escrow liquidation timeshare companies: Taking Timeshare Scam to a New Level

Escrow liquidation timeshare companies: Taking Timeshare Scam to a New Level
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Timeshare scams are evolving continuously, learn the new tricks of timeshare scam so you do not fall victim of one of them.

Our associates at Mexican Timeshare Solutions have noticed a new wave of timeshare scam victims that have been defrauded repeatedly by the same companies, Usually introducing themselves as Property escrow companies.

At the time of purchasing the original timeshare membership, many consumers of Mexican timeshares are referred to Escrow liquidation Services in order to rent out their weeks or resell their previously owned timeshare within a short time period, typical 90 – 360 days.

The clients pay a fee to list their timeshare for rental or resale. During this time period, the clients thinks that everything is going according to plan, so they wait for the results, and continue to make payments to the resort to pay off their timeshare membership. Some clients even choose to pay off the membership in full so as to not incur any interest charges.

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 The Waiting Period

This waiting period, is a delay tactic conceived by both the resorts and the rental/resale company to ensure that the client is deeply committed into their timeshare contract, without have the option to rescind. Once the time period is up, the clients begin to question the "escrow company", and are often given many excuses, such as the weak economy, as reasons why the rental or resale has not been achieved. If clients are persistent in their complaints, these companies will block their phone number and change their email address to discontinue all communication with the timeshare victims.

The scenario listed above is one of the most common timeshare scams, and is perpetrated by many different companies throughout Mexico and the US. Recently, we have heard from many timeshare scam victims who have been defrauded to a much deeper level by timeshare "escrow companies". These clients normally have tried to rent their weeks through them without success, but have not pursued many complaints with them, so have continued amicable relations.

"We have a buyer"

After a year or so of not being able to rent, they received a call saying that they have a buyer who is interested in purchasing the client’s timeshare membership. The client is asked to pay a fee for the title search and other administrative costs, which typically costs over $1000.

The clients that have called us about this timeshare scam have told us that these alleged escrow companies customer service and communication style was very professionally executed and appeared to be completely legitimate. They continuously updated the clients on the status of the sale and presented deadlines about when they would receive paperwork and the final payment for the sale of their timeshare.

Unfortunately, recovering the money from the resale and rental agents is extremely difficult as they seem to disappear very quickly. In the end, the clients are left with their fraudulent c ontract, and are out thousands more hard earned dollars. Their natural reaction is to feel betrayed, skeptical and helpless.

Possibilities to cancel a timeshare contract

Fortunately, there are still possibilities to cancel their timeshare contracts in Mexico. The staff at Mexican Timeshare Solutions is knowledgeable with all types of Mexican timeshare contracts and is able to assist with the cancellation and potential recovery of the money paid to the timeshare resort, without charging any upfront fees.

After being scammed not once, not twice, but three times, there is no value in paying upfront for timeshare cancellation as the risk of being defrauded again in this industry is too high. The only way to successfully cancel your timeshare is to pay for results. With the services of Mexican Timeshare Solutions, you will only be invoiced if we are able to cancel your contract. If we do not succeed, you do not pay a cent. Contact us today for a free consultation and analysis of your timeshare contract.

 Information to share

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Leave your comment below and share your opinion with us. To know more about timeshare scams go to: Timeshare Lawyer...When do I need them?

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17 Comments
  • VanessaAugust 1, 2016, 11:47 am

    Dont believe in timeshare field, is totally a scam , me and my husband acquired one with Royal Holiday and nothing that they promised us were true, actually we are paying a bunch of money every month with nothing in exchange , is such a shame how this resort still operating in the resort market, be very carefull with those robbers!

  • Jorge H.September 8, 2015, 1:05 pm

    Pienso que estas personas cada dia estan mas desesperadas por que caigas en sus trampas, y de alguna forma u otra se las arreglan para que confies y creas en ellos y finalmente lo veas como una buena inversion , en mi caso no me funciono esto del "escrow" , fui engañado vilmente tmb por este sistema "intermediario" , asi que no se dejen engañar porfavor.

  • RavenMay 11, 2015, 9:27 am

    Guys, there is no such thing as a free lunch, free dinner, or free show tickets. Ask yourself this question when accosted by these slimy-salesmen: "Is a $50 dinner worth two hours of our time in a stressful environment?"NO.Walk.Away.

  • FitchOctober 20, 2014, 8:12 am

    Some timeshare owners are in such fear of their company that they do not want to submit a complaint because they feel this will have negative repercussions. Nothing could be further from the truth.

  • KarenSeptember 29, 2014, 10:44 am

    It’s been 2 months since we gave a down payment so if I call PROFECO they will help me??? I want to get this done but the company wants 30% for cancelation and some compAny ask us to pay $2,600 to help us !!!!

  • DeborahSeptember 15, 2014, 11:34 am

    When we arrived at the airport in Cozumel a man approached us and said he was a "Tourist Advisory". He gave us some pointers about what to see while we are there, and then offered a good deal on a car rental. We agreed to rent a car from him and he gave us an invoice with signatures saying it was paid in full. The man also invited us to visit a newly built Mayan Palace and listen to a one-hour presentation on timeshares.

    We didn't know if we would have time to do it and we said so.

    When we were at the airport a week later getting ready to register for our flight home, the same man approached us and said we owe him a balance of $200 because we didn't listen to his presentation. He then showed us our invoice with fine print that said in order to get the car rental rate we received we would need to listen to the presentation. He then threatened us with police.

    We paid the money with our credit card and now I have requested my bank to cancel that transaction.

    Do not get caught in this scam! It's a well played game. Do not get caught in it.

  • DorieAugust 18, 2014, 10:34 am

    Tell us consumers that have been lied to about our timeshares how to get out of a contract and possibly get some of our money refunded. I am sure there are plenty more people out there that is very unhappy with their timeshares. Thanks

  • billAugust 5, 2014, 11:51 am

    the problem with timeshares is that they want you to keep paying forever, and have collections people who lie about the rights and responsibilities.

    if timeshares hires collections agents, they should be branded as just as disreputable as the collections agents.

    If they want to have supporters, they need a clear plan for those who no longer want the week.

  • mexicogalMay 30, 2014, 3:53 pm

    I can understand the buyers remorse when buying a timeshare but.....Before you purchase you need to think carefully how you will use it in your life and if you have the $ for it. Timeshare purchases are not for everyone. It is unfortunate that if you have a bad experience and have buyers remorse you want to slam the whole concept. While in Mexico's Mayan Palace I met people who have been owners for 31 years. Puerto Penasco is just 3 1/2 hours from my home so it was perfect for me. 5 weeks for 10,000 $'s. 4 weeks can be used at any other Mayan Resort. I already own with Worldmark and I love it. It is important when you own you learn every trick in the book to make it work for you. If you do not have the cash for it I would not suggest making payments. It does work well for some but not for others. If you are dissatisfied I would suggest you rent your weeks out or try to unload it.

  • jerryMay 12, 2014, 12:46 pm

    these scumbags need full exposure to save others from predatory sales practices these low lifes need to pay for their sins in the fires of hell for eternity predators laying in wait for their prey karma

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