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Has anyone dealt with Ideal Lending Solutions?

lizmsu91

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A company out of Colorado Springs, CO called Ideal Lending Solutions contacted me saying that they had a buyer for our timeshare at Summer Bay in FL. They asked for us to send them $2495 as "hard costs" which are to be used for getting the needed paperwork for closing. Has anyone heard of them or dealt with that company?
 

csxjohn

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A company out of Colorado Springs, CO called Ideal Lending Solutions contacted me saying that they had a buyer for our timeshare at Summer Bay in FL. They asked for us to send them $2495 as "hard costs" which are to be used for getting the needed paperwork for closing. Has anyone heard of them or dealt with that company?

The name of the company doesn't matter. STAY AWAY!! Read all about similar scams here on TUG. Use the search feature on the blue bar near the top of this page and look for "pay up front scams."
 
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timeos2

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They called you. Even without all the other red flags that says DO NOT TRY TO DEAL WITH THEM! YOU WILL LOSE YOUR MONEY!

It's that simple. It is in all likelihood it is a SCAM!
 

aliikai2

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A company out of Colorado Springs, CO called Ideal Lending Solutions contacted me saying that they had a buyer for our timeshare at Summer Bay in FL. They asked for us to send them $2495 as "hard costs" which are to be used for getting the needed paperwork for closing. Has anyone heard of them or dealt with that company?

We have been hearing about many unscrupulous telephone marketing companies that are calling sellers and making all kinds of unbelievable offers for their units, only to require some form of upfront deposit, please read below.

Reputable resale agents charge commission after the sale and take their fee out of the proceeds...they don't charge the seller any upfront fees, the problem is that most units have little to no value in today's market.

Some resale companies sell timeshares and some just sell ADVERTISING and have no intention of every actually selling your timeshare.

Here are some warnings signs with these kinds of companies:


1) Do they say that they already have a renter/buyer for your timeshare? (or an established market like people attending conventions.)
2) Are they offering to rent/sell it for far more than the market value?


3) Do they want you to pay a large up front fee?


4) Do they want your credit card number before they send you a contract?


5) Do they claim that you, the seller, have to pay for taxes, closing, a title search, or other fees in advance?

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 the same thing. - You signed a contract for advertising, and it's too late to dispute the charge.
 

opmebiz

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I got the same call from them this week. They told they had a buyer and gave me their name and number. Buyer's last name is Taylor. WE agreeed on a sales price. They told me the next day they received the 20% deposit. They want $2,495 up front.

Did you proceed with the sale?
 

timeos2

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I got the same call from them this week. They told they had a buyer and gave me their name and number. Buyer's last name is Taylor. WE agreeed on a sales price. They told me the next day they received the 20% deposit. They want $2,495 up front.

Did you proceed with the sale?

Lets hope the OP didn't get snookered into a bad choice. If the company already has 20% down why would they need $2495 from you? This is a scam all the way. No one should deal with them.
 

lizmsu91

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Ideal Lending Solutions is a SCAM!

I never in a million years thought I would fall for a scam such as this, but they sure made it very convincing and had such an elaborate scheme set up that we sure did fall for it and now we are out of $2500 that we will never get back. They have a very legitimate looking website www.ideallendingsolutions.org and a BBB number for the state of Colorado that they told us to look up and it has their company listed with no complaints. I spoke with a lady named Julia Carter for the most part. They even let me speak to the "buyer" named Mark Taylor and he gave some story about working for Warner Bros in Los Angeles and had visited Summer Bay Resort and wanted to buy the timeshare but the resort was charging such a high interest rate that he was using this other company to finance the timeshare.
So after they sent us documents with a signed Bill of Sale and we have several emails from them as hard copy correspondance and we thought "proof of the sale" we sent them our money and then never heard from them again after they cashed our check.
I don't think there is any way we can track them down and get our money back. I'm sure there really is no such company and they all use fake names and pre-paid cell phones that are not traceable.
DO NOT fall for this scheme and send anybody money for "fees to close" or whatever they tell you it is for. I am just sick that there are people out there that will scam innocent people out of money like that and be able to live with themselves.
They are obviously not Christians.
 

RX8

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I never in a million years thought I would fall for a scam such as this, but they sure made it very convincing and had such an elaborate scheme set up that we sure did fall for it and now we are out of $2500 that we will never get back. They have a very legitimate looking website www.ideallendingsolutions.org and a BBB number for the state of Colorado that they told us to look up and it has their company listed with no complaints. I spoke with a lady named Julia Carter for the most part. They even let me speak to the "buyer" named Mark Taylor and he gave some story about working for Warner Bros in Los Angeles and had visited Summer Bay Resort and wanted to buy the timeshare but the resort was charging such a high interest rate that he was using this other company to finance the timeshare.
So after they sent us documents with a signed Bill of Sale and we have several emails from them as hard copy correspondance and we thought "proof of the sale" we sent them our money and then never heard from them again after they cashed our check.
I don't think there is any way we can track them down and get our money back. I'm sure there really is no such company and they all use fake names and pre-paid cell phones that are not traceable.
DO NOT fall for this scheme and send anybody money for "fees to close" or whatever they tell you it is for. I am just sick that there are people out there that will scam innocent people out of money like that and be able to live with themselves.
They are obviously not Christians.

So sorry that you lost money. The odds are very slim that you will be able to recoup anything. Their website, which was created April 29, 2012, appears to already have been taken down.

Your original post was June 12th. In less than ten minutes after your original post three people advised against doing business with them and one even warned that you would lose your money. Did you decide to proceed anyway or had you already given them money at that point?
 
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rickandcindy23

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ANYONE who contacts YOU with a buyer, or anyone who wants to advertise your timeshare, these companies are all scammers. TUG gets people asking about some company who contacted them almost daily.

You went into it with eyes wide open, and you fell for the scam. I am sorry. :( Don't fall for another scam again, and that's a hard lesson. I hang up as soon as someone says, "We are interested in your timeshare for sale." Yeah, right. :rolleyes: They don't even know what timeshare we own, most of the time.
 

BevL

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And the follow-up scam might be someone calling offering to get your money back from the first scammers.

Hang up.
 

Jed77

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Well I knew someone would scammed

I think I was one of the first people ideal lending solutions contacted. I knew they were a scam as it was the usual routine sen me money blah blah... I called Colorado PD, and attorney in Colorado who had handled a case from a company using the same address as ILS, the BBB (I opened the first complaint with them which is how/why they were in the BBB system. BBb has a flaw in their system, online or on the telephonic automate system it will not show an investigation in progress, only closed cases. Sometimes it takes 6 months to a year to close a case! You have to
Call them and ask about on going cases, and sometimes
You still will not get accurate data unless you ask for
A supervisor to confirm. I then called the FTC to
File a complaint.. Approx 8 weeks ago an investigator did call me so it sounds like they may have busted these crooks. I tried to tag ILS along and meet one of them but they would never meet me for the so call "closing".. Bottom line always do research prior to sending money. Nothing has to happen right now. It took me all of 48 hours to figure out when the company was established, when the website was launched, they had no legal license and they maintained a virtual office. All you had to do is find another company with the same address different suite #, call them and act like you dialed the wrong number... Ask them about ID'S, the girl I talked to flat told me they only have a mail box their no one is physically there. Hope this helps, you have to be your own investigator, I'm never satisfied just not falling for a scam, I aim to
Shut them down! So long Ideal Lending Solutions. Who else would
Like to call me :)
 
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Hello. I am a law enforcement officer in Colorado who is investigating Ideal Lending Solutions. They are a scam.

Those who have provided funds to them, please email me at jeff.schierkolk@state.co.us and provide me with the details of your interactions with the parties at Ideal Lending.

Jed77 - Can you provide me with the name of the officers or the agency in which you refer in your post that called you that may have arrested the parties involved. It would make my investigation easier and not have duplicate investigations running.

Thank you everyone.
 
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