Be on the lookout for timeshare resale phonies

Was contacted by R5 said the escrow company was in Colorado another email from a company out of CO contacted me with letterhead similar to R5 with a watermark and similar wording. I researched the R5 realty web site and the Colorado company. The address maps to an apartment not a business. Web site map doesn't work citimexi whatever name on the form I'm not going to give them my personal details and submit a form to open up an escrow account when I've not signed a contract with a legitimate company. It sure does smell like scam I've not returned any of the calls I've received.

I take it that you have a unit at the Grand Luxx at the Grand Mayani in Mexico. Someone contacted me 3 months ago also. Did they make you sign a Purchase Offer which showed the buyer’s Offer? After signing, did it get followed with a contract from the escrow company Nations Capital Title, Inc stating they they will be holding the funds for you? After signing both documents, did you also get a Bank Statement from the Cross Border (CB) dept. of Citibanamex, located in Mexico City? Did you try to, at least, Google the websites of Golden Asia Realty (GAR), Nations Capital Title (NCTI), Inc & Citibanamex (CitiM)? Did you try to call the phone # NCTI provided should you have any questions about the CB acct at CitiM? I asked all these questions because I did all of them and then some more. I have been scammed 3 times for more than $7,000.00 in the past 15 years when I was trying to sell my Florida Timeshare. I promised myself that I will NEVER put myself again in that vulnerable situation making me a good target of scammers. Actually, I have been contacting Vidanta on how I could legitimately sell my property which I am in dyer need so I could pay my medical expenses and accumulated debts. That’s why, when someone from GAR contacted me last January 2018, I have been diligently checking, verifying & confirming all their information and I have been reviewing every step with skepticism & vigilance. All that said, my agent, Mr. MS, from GAR had sent me the Sales Agreement detailing the terms & conditions of this transaction with a summarizing the all the datas about my timeshare & the buyer’s offer including, the current Appraised Value of my property, my agent’s 9% commission (or Transfer Fee) and amount of the permit fee I will need to pay the Mexican government’s Dept. Of Economy. I spent a lot of time questiong the reason why I had to pay this permit fee & how. I was told that I could go to the Mexican Consulate or Embassy to pay such permit. However, that is not a good option for me because I am permanently disabled, hence my inability to take advantage of my timeshare. The other option is to fly to Mexico myseld to pay the permit to them directly. The other option (the most feasible but most questionable, as well) is to sign a LIMITED Power of Attorney (LPA) assigning my rep from NCTI to pay the permit on my behalf. I confirmed from her that paying by Credit Card is definitely NOT AN OPTION. She adviced me that sending it to her via WIRE TRANFER will be most efficient & fastest way to do it. At this point, I have yet to sign the Sales Agreement from (GAR). Once they have received it, NCTI will be sending me their Contract of Insurability, meaning, should anything goes bad, NCTI is responsible for the efficacy of my contract with GAR and my rights is insured for $20,000.00 which should cover the 9% commission of my GAR agent and the Mexican permit fee that I will pay via wire transfer prior to FUNDING the sale. I forgot to mention that I spoke directly to the Cross Border bank manager of CitiM in Mexico City, Mr. AG. I explained to him that I received a stmt of acct from NCTI on behalf of Citibanamex that I wanted to verify it’s legitimacy. He asked for my identity, the CB number on the stmt, and my cross border ID #. After locating my account, he confirmed to me the exact amount he saw on their network/system of how much GAR’s BUYER deposited as payment for my property, to the penny. Again, I didn’t give him the amount. He verified the amount in their system that’s deposited under my name. I also failed to mention that GAR’s research dept. was the one who verified that I am the bonafied and legitimate true owner of the specified unit as described on the Sales Agreement. It also stated that should the transaction not push through like if the buyer drop the purchase, that I am guaranteed to receive 50% of the full sales offer. All that said, did you go through ALL of these steps? With your comments, it was not clear to me if you have actually released any funds? And if you did, did you you do it yourself by going to the embassy yourself or did you also sign an LPA to an agent of NCTI? I actually sent your blogs to my agent at GAR to intimidate him with the hope that if he is truly a scammer, that he will disappear for fear of being reported. This way, he will know how serious I am to find out if they are scamming me. He told me that in the 12 years that he had been the company (GAR has been in business since 1993 and NCTI for 25 years), he’s not heard of any colleague who got involved in such transaction especially that your comment was posted Feb. 18 & March 16 of 2018. That’s three days ago. Don’t get me wrong... my skepticism is still on VERY HIGH ALERT. Every communication and transactions so far had been through email and via telephone. Hence, after almost 3 months, I still have yet to sign the Sales Agreement. I am very gun shy putting my signature on that binding contact which I read line by line. What caught my eye most in your contract was the part where you mentioned that you were asked to pay the Mexican fedral tax, then the city tax then transcribing fees. And now, the Mexican customs CONFISCATED all the FEES (?) that were in escrow? WHOA! If it is what I understood happened, I don’t want to be in the same predicament either. May I ask... what are the fees in escrow that the Customs of Mexico confiscated? Because from what I saw in the Bank Stmt the NCTI sent to me, the only amount they are holding on my behalf is the full amount of the Purchase Offer of my property at Vidanta. You mentioned in the beginning that you owned a property in the Grand Luxx. That definitely is one of the most expensive and exclusive properties of Vidanta. My GAR agent commented that what could be happening that the Mexican government know that the value of your property is extremely high (100% more expensive than mine) which could insinuate your social status??? Could it be possible that they are just out to get you and “milk” as much as they could from you??? Just a thought. Good Luck to the both us. Thank so much for sharing your blogs. It took me a while to find one that is most similar to what I am going through. All I found are those from hamair and Sami. You will both do me a GREAT FAVOR if you could please answer all my questions. I understand that there are a number of them. I will forever appreciate your feedbacks. Thank you and take care.

same situation for me, but a different company that goes by the name of Network Brokerage corporation, we were contacted by them Last November, the offer looks too good to be true... shelled out money for the "taxes" and customs clearance fees. The money was in Escrow by a company called CCW holdings based in NY city. Now everything is in probate court in Mexico City, all of my funds have been frozen. Looks like CTIBANAMEX is involved in this scam... Still looking for legal recourse to recover our money...