This is a common scam - there are NO taxes or fees to be paid to Mexico when you sell your timeshare.
There is no deal.
There is no buyer.
You will never see a penny.
The person who contacted you is a scammer, and they are going to steal your upfront fees, and ride off into the sunset.
DON'T DO IT!
Thank you Denise. They are calling it an SRE Permit. Have you ever heard of that?
SRE is the Ministry of External Affairs. I googled it and there are references to foreign purchases of real estate.
That description a few posts up set my BS Meter to super high. The grammar is a huge red flag.
When you click on that link here's what it says about the SRE permit:Here is what the title company sent me.
. . .
You can also verify this information in the following link:
http://www.mexicocapitalmortgage.com/closing-costs/
Is this what you referring to:
pj and others, do you remember a few years back that the tourist card had a space on the back side where you were supposed to "sing in the box"?
Not very well checked before sending to the printer for a few million copies!
When you click on that link here's what it says about the SRE permit:
"This permit attaches itself to the home. Essentially it ensures the property is in a state where title is clean, clear and ready to be transferred. For us to order this document, we collect the water bill, tax bill, copy of current title, condominium regime and all homeowners association docs and submit them to the Ministry. The SRE permit can take anywhere between 2 weeks and 45 days in some cases and is handled by the Bank or the closing company."
.
They claim the Registration fee is $2,450 and they have sent me a copy of an escrow account in my name with the monies already deposited by the buyer to reimburse me at time of closing. What I don't understand is if the buyer's money is already in the escrow account why can't they use that to pay fro the permit. The title company is saying that the S.R.E. will only accept payment form the persons registering and in this case it is me. They also need a photo ID.
I'm pretty sure it is a scam but I wanted to check on here first just in case this was something new in Mexico.
Of course it's a scam, but you could quote them this line from the SRE article that they linked:I'm pretty sure it is a scam but I wanted to check on here first just in case this was something new in Mexico.
Tell them you'll send your photo ID after they send you theirs as well as the photo ID of the buyer.They also need a photo ID.
Since this fee is $2,450 and legitimate broker would get at least $1,000 and other closing costs how much have you VERIFIED is in legitimate escrow?
You have egregiously omitted actual vacation club, but all I have encountered in Branson, Vegas, Orlando and Denver have no value and "F" BBB rating as worthless.
You will never see thousands of dollars they have seduced you with!
Re-read posts 3 and 5!
Why did you come here for expert advice if seeking ratification of your decision?
I agree that this is most likely a scam but since the title company and realtor have said this is a NEW requirement for Vacation Clubs, I thought I would check and see if anyone on here could validate their claims. I have told them that if they wire me the funds from the buyer first then I would pay this fee.
Has anyone heard of a company called NSR Services out of MN?