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want to know if a company is legit

hendy55

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I am trying to sell a time share I have listed thru TUG and received A CALL from a company called HAWKEYE TITLE out of Pompano Beach claiming to have an offer. Has anyone used or heard of them?
 

Karen G

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What is the offer? Is it way more than what you as asking? Have they asked you for any kind of upfront money? If so, this is a scam.

You can tell them to put their offer in writing and deposit 50% of the offered price as earnest money with a third party escrow company. If they do so, it might be a legitimate offer. If they request any money from you, they aren't legitimate.
 

DeniseM

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There is a simple rule of thumb here:

Any company that charges you a large upfront fee of any kind to sell or rent your timeshare, is going to scam you - period.

They make their money with the upfront fee and then they make no attempt to sell/rent your timeshare.

Legitimate resellers charge a commission after the sale, but the scammers all ask for a large upfront payment.

Here are some warnings signs with these kinds of companies:

1) Did you get an unsolicited sales call from them?

2) Do they say that they already have a renter/buyer for your timeshare? (or an established market like people attending conventions.)

3) Do they want you to pay hundreds/thousands of dollars for a title search, or transfer fees, or taxes, or a closing fee, or appraisal, UPFRONT?

4) Are they offering to rent/sell it for far more than the market value?

5) Do they want you to pay a large up front fee that supposedly you will get back?

6) Do they want your credit card number over the phone?​

If you answer yes to any of these questions, then this is the usual scenario:

Once you pay the fee and receive the contract, you discover that the company has only promised to advertise your resort, not to rent/sell it, and they don't mention having a renter/buyer in the contract.

Then, you won't hear anything from them for a long time, and when you contact them, they will tell you that the renter/buyer backed out, but they will advertise your timeshare on their over-priced website.

Finally, when you try to get your money back, they will point out that you signed a contract, and it's only for advertising.

When you try to challenge it with your credit card company, they will tell you that you only had 60 days to dispute the charge, and that it's too late to do anything.​

This is a bitter pill to swallow, but right now, most timeshares are selling for 0-20% of the original retail price. It's not a good time to sell a timeshare.

To see what your timeshare is really worth on the current resale market:

1) Register with ebay
2) Sign in
3) Search for your resort by exact name
4) From the menu on the left find the "Buying Formats" heading and click "choose more"
5) On the next page click "completed listings"
6) The next page will show you current selling prices
(Be sure you look at the completed listings - those are actually SELLING prices - you will find asking prices all over the place, but what really counts is what they actually sold for.)​

(Be sure you look at the completed listings - those are actually SELLING prices - you will find asking prices all over the place, but what really counts is what they actually sold for.)
 

timeos2

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It is a scam. End of story.

I am trying to sell a time share I have listed thru TUG and received A CALL from a company called HAWKEYE TITLE out of Pompano Beach claiming to have an offer. Has anyone used or heard of them?

ANY group that calls YOU is 99% certain to be an upfront fee company. What are those? A group that makes great sounding promises to rent/lease/sell/transfer/etc your timeshare or system membership points at a good to great price. They often claim to have a buyer or a renter or a group wanting space, etc - but then YOU have to pay to assure the process gets done. In realty that is all they really want - the upfront money paid by you and they can basically disappear (you'll hear nothing more from them & they will be very hard to impossible to reach) to go after the next victim.

DO NOT try to deal with them as it is a scam. Forget any "guarantees" as they are unenforceable (ask yourself what recourse you'd have if you couldn't reach them tomorrow or they simply never followed through with the promises made). Forget any protection from a credit or debit card. They have things set up so what you are promised meets the minimum requirements to assure they, not you, get paid.

DO NOT try to use them or you will be out whatever money they manage to get from you. THAT is a guarantee you can bank on unlike the meaningless, unenforceable one they are trying to lure you in with.
 

hendy55

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What I figured

This is what I figured, but I needed the affirmation. Thanks.
 

timeos2

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Nice to see a response - thanks

This is what I figured, but I needed the affirmation. Thanks.

Thanks for the update. It is nice to see our advice gets taken and isn't a waste f time posting. Seeing one post from a new guest then 6-12 answers and no response always makes us wonder if we're wasting our typing. Great to see you respond & make it all worthwhile. Best wishes on your timeshare going forward. Hopefully you can use t or take some of the suggested ways to move it to a new owner.
 
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