CHICAGO: It’s pretty discouraging to get emails like this one, concerning the probable Lakeview Property Management resale scam I wrote about last week that purports to be headquartered in Chicago:
We were contacted by Lakeview Property Management approx. 3 weeks ago. My husband said we should go ahead. UHHG! Wish you had posted this article sooner! They took over $5,000 from us. Right before christmas too! I am just finding this all out TODAY! have been suspicious since the begining! Is there anything you can do to help us? I will give you all info I have gotten from them! Please let me know!
The thing is, there really isn’t any help I can offer other than getting the word out so others don’t fall into the trap. And that doesn’t help current victims one bit.
But every little bit helps. I also received this message:
I would first like to say how TRULY THANKFUL I was to stumble upon your article about Lakeview Property Management. Back in ’09 my father bought a timeshare in Puerto Vallarta. One day he got a phone call asking if he was interested in selling. He said he’d been thinking about it. We had NO idea where these people got our number from as we have never advertised to sell. We got an e-mail a few months later from a John Pearson, sending an offer. Like in your article, too good to be true… We looked up their business, tried to find anything we could; better business bureau, testimonials… I wish I had thought to type “eric lopez lakeview property management” into google sooner.
[...snip...] We were skeptical. They didn’t call back last week (yes, this is THAT recent!!) at all when they said they would and I am so happy about it now. I hope they realized we’re not that easy to fool. Truly thankful to of found your webpage and mostly that you included their names because they did sound like weasels on the phone, and that just verified the suspicions.
One at a time. One at a time…
Meanwhile, the Mexico escrow scam is proliferating at an alarming rate. The BBB in Minnesota has named four more such scams. See below.
MONTEVIDEO: The Better Business Bureau of Minnesota has identified four entities falsely claiming Minneapolis and St. Paul addresses, all of which claimed to be timeshare resale companies. BUT, investigations of them revealed that they were operated remotely – likely from Mexico – and none of them were legitimate organizations. All of them promised buyers for victims’ timeshares and required money to be bank wired to a supposed escrow account in Mexico.
The companies are: Events, Etc, Event Consulting Services, Global Consulting & Real Estate Services and Renaissance Marketing of Property. All four entities proved to have no actual physical presence in Minnesota, and all have F ratings with the BBB. (Renaissance Marketing of Property was the target of a recent Cease and Desist order filed by the Minnesota Department of Commerce due to a lack of proper licensing and employment of bait and switch tactics.)
Bottom line, as always: If you are approached by an agency promising a buyer for your timeshare and one of the requirements is to wire funds to Mexico— RUNNNNN!
BRANSON: In the Better News Department, Compass Resort Group will be celebrating its fifth anniversary in 2013.
Compass is the brainchild of timeshare industry veterans Jay Finley and Chuck Frey. It’s an independent timeshare sales and marketing company that works with select resort HOAs and developers at mature resorts to revive the sale of inventory, mostly inventory that has been forfeited/repossessed. Doing this reduces the drain on HOA funds by bringing in new owners who actually pay their maintenance fees.
The company now has agreements with resorts in Missouri, South Dakota, Wisconsin, California and Texas.
Congratulations on your success, guys!
"If you haven't got anything nice to say about anybody, come sit next to me." -Alice Roosevelt Longworth
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