Hi,
Recently I was entertained with a Purchase Offer on my Velas Vallarta timeshare in the amount of $15K, by Sierra Rentals & Resales. I was so excited to receive the Purchase Offer. However, they just send me a Transfer Expenses letter and ask for $1195 which will be reimbursed at closing. I'm concerned about send them $1195. Please any feedback or advice is greatly appreciated. Is this Purchase Offer legitimated. Attached is the letter of the transfer expenses.
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Congratulations on the sale of your property. You are now one step closer to the transfer of your property listed below.
Verification of ownership has determined the following fees required to proceed with transfer:
Property Name: Velas Vallarta
Location: Puerto Vallarta, Jalisco, Mexico
Size: Studio
Season: Gold
Use: Annual
2010 Maintenance fee: $ 648.18
Title Search: $ 390.00
Title Commitment: $ 390.00
Resort Transfer Fee: $ 100.00
Escrow Fee: $ 275.00
Courier Fees: $ 40.00
Total: $ 1,195.00 (paid for by Seller(s) to be reimbursed at closing)
Purchase Offer: $15,000.00
Proceeds Paid to Seller(s) $16,195.00 USD
Taxes to be paid by Sierra: $ 2,250.00 (to be reimbursed to Sierra at closing)
Total Fees to be paid by Seller(s): $ 1,195.00 to proceed with sale and transfer.
Terms: I). Subject to obtaining title commitment guaranteeing clear title at closing. (This requires 30 - 90 days once closing costs
have been paid)
II). It is the Seller(s) responsibility to maintain the property/membership in good standing by paying any monthly payments
and or maintenance fees that become due throughout the sales process. Any maintenance fees that are paid while in
process of transfer will be added to the Purchaser(s) final purchase price provided the week is available for use by the Purchaser(s).
III). All terms previously agreed to on the “Purchase Offer” agreement
I / We accept the above offer/terms
I / We decline the above offer/terms
I acknowledge that my portion of the closing costs to be paid in order proceed with the sale of my interest in the Velas
Vallarta, Fractional Ownership property is $1,195.00 USD. I agree to pay said fee by one of the following means:
Check (US funds) Please make checks payable to: Sierra Resort Services S.A. de C.V.
Please send checks to: Corporate Sales Division
Sierra Resort Services
848 N. Rainbow Blvd. Suite 2110
Las Vegas, NV 89107
I _______________________ have mailed a check #___________to the above address on _________ ______ , 20______.
Recently I was entertained with a Purchase Offer on my Velas Vallarta timeshare in the amount of $15K, by Sierra Rentals & Resales. I was so excited to receive the Purchase Offer. However, they just send me a Transfer Expenses letter and ask for $1195 which will be reimbursed at closing. I'm concerned about send them $1195. Please any feedback or advice is greatly appreciated. Is this Purchase Offer legitimated. Attached is the letter of the transfer expenses.
----------------------
Congratulations on the sale of your property. You are now one step closer to the transfer of your property listed below.
Verification of ownership has determined the following fees required to proceed with transfer:
Property Name: Velas Vallarta
Location: Puerto Vallarta, Jalisco, Mexico
Size: Studio
Season: Gold
Use: Annual
2010 Maintenance fee: $ 648.18
Title Search: $ 390.00
Title Commitment: $ 390.00
Resort Transfer Fee: $ 100.00
Escrow Fee: $ 275.00
Courier Fees: $ 40.00
Total: $ 1,195.00 (paid for by Seller(s) to be reimbursed at closing)
Purchase Offer: $15,000.00
Proceeds Paid to Seller(s) $16,195.00 USD
Taxes to be paid by Sierra: $ 2,250.00 (to be reimbursed to Sierra at closing)
Total Fees to be paid by Seller(s): $ 1,195.00 to proceed with sale and transfer.
Terms: I). Subject to obtaining title commitment guaranteeing clear title at closing. (This requires 30 - 90 days once closing costs
have been paid)
II). It is the Seller(s) responsibility to maintain the property/membership in good standing by paying any monthly payments
and or maintenance fees that become due throughout the sales process. Any maintenance fees that are paid while in
process of transfer will be added to the Purchaser(s) final purchase price provided the week is available for use by the Purchaser(s).
III). All terms previously agreed to on the “Purchase Offer” agreement
I / We accept the above offer/terms
I / We decline the above offer/terms
I acknowledge that my portion of the closing costs to be paid in order proceed with the sale of my interest in the Velas
Vallarta, Fractional Ownership property is $1,195.00 USD. I agree to pay said fee by one of the following means:
Check (US funds) Please make checks payable to: Sierra Resort Services S.A. de C.V.
Please send checks to: Corporate Sales Division
Sierra Resort Services
848 N. Rainbow Blvd. Suite 2110
Las Vegas, NV 89107
I _______________________ have mailed a check #___________to the above address on _________ ______ , 20______.
