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Dorado Property Management - scam or not?

T

tugger321

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Is anyone familiar with Dorado Property Management in Philadelphia, PA? I received a phone call asking if I want to sell my timeshare. They offered me a very large amount (compared to current values) to buy my unit. They said that they represent Mexican corporations that are looking to buy USA timeshares so they can have an interest in the US so they can get US VISAs.

Has anyone else been contacted by them? Has anyone had any transaction with them?

Thank you for any information you can provide.
 
The short answer is that no Mexican company or anyone else is going to pay more than market value for a timeshare.

Keep your hand on your wallet and walk away.
 
This scam has ben around for years just the names change!

Why don't they buy on e-bay for a buck?

Read other scam posts below.

Read Mexico Forum which is about a foot down!
 
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I think these scammers fall under the 80/20 rule - 20% of the scammers are doing 80% of the scamming.

Checked out the website and found that it was created way back in 2008. What's more is that the IP address is 31.22.4.14.

Why is that significant? See the thread below about Global Private Real Estate that shares the characteristics and IP address.

http://tugbbs.com/forums/showthread.php?t=183615

Many scam companies appear to be connected.
 
They called YOU. #1 sign of a scam operation. Do not try to deal with them as others said above.
 
Dorado Property Management

Thanks to all for your replies. If it sounds too good to be true...
 
Dorado Property Management

To Tugger321 -

What was the result of your dealings with Dorado Property Management. I received a call from them also and since it sounds too good to be true, it usually is. But I'd like to know what you ended up doing. Thanks!
 
Kent said:
To Tugger321 -

What was the result of your dealings with Dorado Property Management. I received a call from them also and since it sounds too good to be true, it usually is. But I'd like to know what you ended up doing. Thanks!
Click to expand...

See replies above. They called you & over promised. Every earmark of the typical take your fee & run scam. Do not try to deal with them (unless you have extra money you don't need).
 
I did not sell my timeshare to them, Kent. I believe the advice from the others in this forum was sound.
 
Dorado Property

Like others, I was called out of the blue by Dorado Property. Since they didn't ask for cash up front it seemed legit. However, their offer was way high, which made me suspicious. After I ran across this forum, and followed seom links, I was even more suspicious. Searching, I found a couple of reviews on superpages. Funny, but they were both submitted just last week - on the same day by anonymous! When the agent called me one more time, I asked him where he was. He told me Philadelphia, but when I asked him about the street address, there was a pause before he answered. When I asked him where he would be should he walk out of the office, he told me he would be in Philadelphia's Chinatown. That is not correct, as 1500 Market is about a mile from Chinatown. When I asked him where he would be if he left the office and walked to the corner. Google maps shows 1500 Market to be between 15th and 16th street. Either answer would have been fine, but there was a really long pause before he answered. He didn't know the name of the big government building at the end of the block either (city hall). He was getting upset by now and so I told him to leave me alone and please don't ever call again. Thanks to everyone that posted on this thread.
 
Mr. Edgar said:
Like others, I was called out of the blue by Dorado Property. Since they didn't ask for cash up front it seemed legit. However, their offer was way high, which made me suspicious. After I ran across this forum, and followed seom links, I was even more suspicious. Searching, I found a couple of reviews on superpages. Funny, but they were both submitted just last week - on the same day by anonymous! When the agent called me one more time, I asked him where he was. He told me Philadelphia, but when I asked him about the street address, there was a pause before he answered. When I asked him where he would be should he walk out of the office, he told me he would be in Philadelphia's Chinatown. That is not correct, as 1500 Market is about a mile from Chinatown. When I asked him where he would be if he left the office and walked to the corner. Google maps shows 1500 Market to be between 15th and 16th street. Either answer would have been fine, but there was a really long pause before he answered. He didn't know the name of the big government building at the end of the block either (city hall). He was getting upset by now and so I told him to leave me alone and please don't ever call again. Thanks to everyone that posted on this thread.
Click to expand...

Thanks for sharing. Hopefully others who receive the calls may find this thread and know of the scam.
 
This is a scam. Report them to Federal Trade Commission to shut them and others like them down.
 
Sterling Title

I, too, have gotten a call from Dorado Property Management. In fact, the guy calls me almost every day, since e-mailing me a "contract" for selling our timeshare. Gee all we had to do is send them $8,000, but "we would get it back from the escrow account" that was set up by Sterling Title LLC. Has anyone heard of this title company? So glad we found this site before making a HUGE mistake.
 
mrbojangles said:
Sterling Title LLC. Has anyone heard of this title company? .
Click to expand...

Sterling Title, LLC is as much of the scam as Dorado because they are the same scammers.

Dorado Property Management's IP address WAS 31.22.4.14. Many scam companies have been identified using the SAME IP address. Now I say WAS because when I just now plugged the website into "who.is" the IP address is now showing as 50.22.195.190. Strange but when it first popped up the IP flashed 31.22.4.14 then quickly changed to the 50.22.195.190.

This is an IDENTICAL scenario to another recently mentioned scammer called Net Management Group. That company also originally had an IP of 31.22.4.14 only to switch to 50.22.195.190. Here is that thread:

http://www.tugbbs.com/forums/showthread.php?t=188015

Finally, we come full circle because the IP address for Sterling Title, LLC is 50.22.195.190.

In short, the same scammers simply change their names, websites and IP addresses in order to stay one step ahead of the heat. Yes, it is a lot of work and time for the scammers but apparently they get enough people falling for their scam to make it all worthwhile for them.
 
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lkethington said:
Yes, I have been contacted by them with Sterling Title also. Has anyone signed the agreement and paid any monies to them?
Click to expand...

No one here would do business with a company like this - have you read all the posts in this thread???
 
RX8 said:
In short, the same scammers simply change their names, websites and IP addresses in order to stay one step ahead of the heat. Yes, it is a lot of work and time for the scammers but apparently they get enough people falling for their scam to make it all worthwhile for them.
Click to expand...

Of course it's worthwhile. A group of three or four "inept" perps can clear about $50,000 per year each, tax free. By "inept" I am referring to grunts who work in a boiler room and learn a sales pitch. Then they get their hands on a call list and set up their own shop someplace and pitch heat until they get shut down. The skilled people, the ones who run the sophisticated and well-financed scams that hire the "inept", can easily clear a minimum of $500k per year.

FWIW - I get those numbers from the various posts that have been made linking to news stories where enforcement agencies have shut these operations.
 
There's a sucker born every minute...

lkethington said:
<snip> Has anyone signed the agreement and paid any monies to them?
Click to expand...

Sure --- but not likley anyone from among this particular (TUG) population. Anyone elsewhere who may have "donated" to this bogus operation would likley be reluctant to now admit it, since their money (...but surely not their timeshare ownership) is certainly now long gone.

It's plainly a scam --- period, amen. Bearing in mind the old blunt but truthful adage that "there are no victims, only volunteers", the advice you'll get from TUG contributors will repeatedly sing one and the same chorus --- DON'T VOLUNTEER!
 
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