Home » Blog » Timeshare Escrow Companies: Scammed by Taylor Trust Company

Timeshare Escrow Companies: Scammed by Taylor Trust Company

Timeshare Escrow Companies: Scammed by Taylor Trust Company
Autor Admin
Rating: 4.8/5 - 4 5 0

New forms of timeshare fraud are being developed by scam artists every day. Learn the new trick used by these swindlers to keed getting money from people that all they want is to sell their timeshares and be done with it.

Mexican Timeshare Solutions has undertaken and investigation into the legitimacy of many companies such as:  

Wade Capital Management
Taylor Trust Company
Advantage Trust International
Continental Resources - Eagle Marketing
United Assets Group, Blusky Management, A! Financial Solutions - World Luxury destinations

 

These timeshare escrow service companies claim to be involved with timeshare ownership sales and to be a "timeshare closing company". MTS has received several calls from clients and the office of the General Attorney from Florida requesting our assistance into this matter. 

The operation

These so called "timeshare closing companies" contact timeshare owners and claim to have a buyer ready to purchase their property for much more than what the timeshare owner paid for in the first place. They send phony documents from Secretaría de Hacienda (IRS) and PROFECO (BBB) requesting to pay for taxes and timeshare fees in order to get their timeshare sold. Obviously, these fees are paid upfront and are anywhere from 5% up to 30% of the selling price and usually need to be wired transfer to an address in Mexico. Wiring money is the same as handing over cash; once you have paid for it, it is irretrievable.
If a timeshare owner pays for it, it is more likely this person will never receive any money from the sale of the timeshare. The reason for this is because there was never an actual buyer. These timeshare transfer companies created this scheme to get the money clients paid supposedly to the Mexican IRS. This scam modality is becoming more popular over time and it is very important to educate timeshare consumers not to fall victims on these deceitful practices.  

w33AtQti8nE

Taxes and fees for selling a timeshare in Mexico

Since in Mexico timeshares are a right to use and not really real estate purchase, There are NO FEES to be paid to the Mexican Government, the Mexican IRS or PROFECO. In fact, the only timeshare transfer  fee a Mexican timeshare owner might need to pay is the transfer fee the resort will request in order to change the name of the contract to the new owner. 

Do I need to use the services of a "timeshare closing company" to sell my timeshare in Mexico?

Unlike owners who own timeshares in USA or Canada, in Mexico, most times all that is needed is a simple request to the customer service department of the timeshare resort to transfer the contract to a new owner. The resort will accept this for free or for a charge that might exceed a few maintenance fees.

Advice for owners wishing to sell their timeshares

Don´t agree to anything until you have had a chance to check out the company who contact you. 

Ask for all info in writing.

Ask if this company is licensed to sell real estate. Deal only with licensed real estate brokers and agents and check their credentials.

Accept reality, timeshares are a family investment and not a financial investment. A timeshare sold on the secondary market will never be sold for the original retail price. People who expect to sell their timeshare for more than what they purchased for are the best targets for these fraudulent organizations.

About Mexican Timeshare Solutions

Mexican Timeshare Solutions is an organization that seeks honest standards for honest timeshare sales behavior. MTS offers assistance to cancel timeshare contract. MTS provides free consultations and works strictly on a contingency basis to provide the assuredness to clients that MTS will work on the client´s side. MTS has been in business for 18 years and has helped thousands of clients cancel their timeshare.

If you have been contacted by anyone claiming to have a buyer for your timeshare, contact Mexican Timeshare Solutions for a free consultation.

 Information to Share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?

  • Share this link http://www.timesharescam.com/blog/86-timeshare-escrow-companies-scammed-by-taylor-trust-company/ on your favorite blogs and forums

 

Leave your comment below and share your opinion with us. To know more about timeshare scams go to: What Happens if I stop paying my timeshare?

Rate and share this post on:

Rate This Article
Write a comment How do you feel about this article?
21 Comments
  • francisco javier gutierrez villarrealApril 17, 2018, 10:41 am

    ALGUIEN SABE LA CONFIABUILIDAD Y CORRECCION DE LA EMPRESA SOUTH DESTINATION MANAGEMENT,S.A. DE C.V., CON OFICINAS EN GUADALAJARA MEXICO.QUE ME DICEN TIENE NEGOCIOS DE TURISMOS VENTA DE INMUEBLES TIEMPO COMPARTIDO, REN TA DE SEMANAS Y OTROS, ME GUSTARIA CONFIRMAR QUE ES UNA EMPRESA CORRECTA Y DE CONFIAR

  • Luis Flores LeónSeptember 3, 2017, 7:00 pm

    Saben algo relacionado a la confiabilidad de la compañía: International Trade and Marketing Services, Inc? y de la compañía Trust Title and Escrow Llc?, todo parece que son confiables, gracias

  • MATEO BARAJAS GONZALEZJuly 29, 2016, 4:41 pm

    HE SIDO DEFRAUDADO POR LA COMPAÑIA BROKERAGE SERVICES LLC CON DOMICILIO EN 666 FIFTH AVENUE, SUITE 113, NEW YORK, NY 10103 (BROKER FRANK CALISE Y MARCO PELEGRINI) Y Y POR TRUSTED TITLE & ESCROW LLC CON DOMICILIO EN 2 OFFICE PARK CT. COLUMBIA, SC 29223, NORTH CAROLINE (OFICIALES DE TITULO OLGA KELLER STUART Y ROBERTO MEDINA), AMBAS EMPRESAS ESTAN DEBIDAMENTE REGISTRADAS EN EL DEPARTAMENTO DE ESTADO Y SE ASOCIARON PARA DEFRAUDARME UNA BUENA BUENA SUMA DE DINERO EN LA "VENTA" DE MI TIEMPO COMPARTIDO EN PUEBLO BONITO EN CABO SAN LUCAS, LES PIDO POR FAVOR QUE LAS INCLUYAN EN SU LISTA DE DEFRAUDADORES PARA QUE OTRAS PERSONAS NO SEAN DEFRAUDADAS POR ESTAS EMPRESAS

  • Fanny O.December 29, 2014, 10:38 pm

    When my husband and i get our timeshare in mexico , we were very happy, we enjoy a lot our space, with the pass of the years for personal reasons we couldnt pay the maintenance fees for about 2 months, only 2 months,by consequence the offices of our timeshare started to press us saying that if we dont pay at time our timeshare would be transfered to a juridical ways , losing all our investment and another bad things..so we decide to cancel it, the trade that they give to us was very nasty..actually we are in the cancellation process , this timeshare stuff is totally a mess.

  • EmiliOctober 11, 2014, 11:42 am

    I wanto to know how to donate my timeshare o what can I do?

  • Vickie SpiresAugust 12, 2014, 1:26 pm

    We purchased at Velas Vallarta in Mexico. We had paid in full, sadly. We stopped paying our maintenance fees a couple of years ago. We have now begun to receive letters from a collection agency in California. Should we respond at all, either to the collection agency or the resort advising we are not going to pay anything more, or just stay silent? We are prepared to just take the hit on the credit report.

  • Marion VincentAugust 7, 2014, 2:27 pm

    I love all the points the article touches on. We lately have been forced to spend a lot more money than before on the all inclusive packages since we noticed the mid to lower end properties have too much drinking going on for our younger children. It is not uncommon by the afternoon to visibly see people who have had way too much to drink for 4pm!

  • ojavAugust 5, 2014, 12:56 pm

    I signed a contract with a Mexican timeshare. I have had buyers remorse. They that we had to sign right then and there. I didn't have time to think about it nor research the company. I purchased a timeshare on Jan. 18th. 2009. How can I get out of the contract?

  • meauAugust 2, 2014, 9:02 am

    I’ve heard so many horror stories about timeshares. They are just way to expensive for what you get. And I personally wouldn’t want to visit the same place enough times to have the cost match the value. It just doesn’t add up for me.

  • JanezJune 11, 2014, 12:49 pm

    Timeshare owners across the country are being scammed out of millions of dollars by unscrupulous companies that promise to sell or rent the unsuspecting victims' timeshares. In the typical scam, timeshare owners receive unexpected or uninvited telephone calls or e-mails from criminals posing as sales representatives for a timeshare resale company. The representative promises a quick sale, often within 60-90 days. The sales representatives often use high-pressure sales tactics to add a sense of urgency to the deal. Some victims have reported that sales representatives pressured them by claiming there was a buyer waiting in the wings, either on the other line or even present in the office.

Leave a comment and share your experience

Your E-mail and phone number will not be public .

Recomended for you
Should Mexican Timeshare Solutions help you today?

Our work is based on a Contingency Basis: NO RESULTS, NO PAY.

Contact us now: 888 275 3595