bizzare sale response/experience ["Joe" - email is QDOM - caqcsgd@gmail.com]

[comicbookman]

I have a couple of Wyndham timeshares listed in the bargain basement and under bargain deals. I received a few kick the tire responses, and then an enthusiastic response. Buyer was interested in both and asked if I had any others (I do, but it is not yet listed) We agreed on terms (buyer pays closing and transfer, I would kick in $100 per deed after transfer was complete, buyer pays MF starting on recording of new deed) and I allowed buyer to pick closing company. That's when it got weird. Closing company was supposed to be "Leverage out of Pittsburgh". I could find no info on them and even started a thread asking if others new of them. While buyer gave me his phone number (a Skype number theoretically located in Pittsburgh) despite repeated requests I got no contact info for Leverage. I sent written contracts for the sales, and requested he sign them or have leverage send contracts that I would sign if correct. After that all I got were emails, and a phone call saying that contracts would be sent soon as soon as he had accounts set up at Wyndham to receive them. He also described dealings with Wyndham that did not agree with my understanding (having bought several resale contracts of the last few years) of how Wyndham worked. Finally I gave him a firm deadline for the contracts to be either signed (the ones I sent) or supplied by Leverage. 4 minute after the midnight deadline I received an email from him claiming the contracts I had sent him 2 weeks earlier were illegible and that he would send me contracts "in a day or two". (some thing he had promised at least twice before) I responded saying our dealings where done and that I would note that the properties were still available.

The initial response was by e-mail, not PM.

I cannot figure out what this person gained by wasting my time (and costing me at least one more months MF) for 3 and 1/2 weeks. Any thoughts?

 

[vacationhopeful]

A timeshare sales-person extracting his pennies of revenge?

I have over the years in business outside of timeshare 'whatever" had dealings with the "crazies". Just put it into the NUT COLLECTION file and remember the lesson that it taught YOU... Keep control of the transaction by USING YOUR title/transfer agent & always establish "Drop Dead Deadlines".

It ain't worth YOUR time and mostly likely, as you stated, YOUR MFs.

 

[csxjohn]

I have a couple of Wyndham timeshares listed in the bargain basement and under bargain deals. I received a few kick the tire responses, and then an enthusiastic response. Buyer was interested in both and asked if I had any others (I do, but it is not yet listed) We agreed on terms (buyer pays closing and transfer, I would kick in $100 per deed after transfer was complete, buyer pays MF starting on recording of new deed) and I allowed buyer to pick closing company. That's when it got weird. Closing company was supposed to be "Leverage out of Pittsburgh". I could find no info on them and even started a thread asking if others new of them. While buyer gave me his phone number (a Skype number theoretically located in Pittsburgh) despite repeated requests I got no contact info for Leverage. I sent written contracts for the sales, and requested he sign them or have leverage send contracts that I would sign if correct. After that all I got were emails, and a phone call saying that contracts would be sent soon as soon as he had accounts set up at Wyndham to receive them. He also described dealings with Wyndham that did not agree with my understanding (having bought several resale contracts of the last few years) of how Wyndham worked. Finally I gave him a firm deadline for the contracts to be either signed (the ones I sent) or supplied by Leverage. 4 minute after the midnight deadline I received an email from him claiming the contracts I had sent him 2 weeks earlier were illegible and that he would send me contracts "in a day or two". (some thing he had promised at least twice before) I responded saying our dealings where done and that I would note that the properties were still available.

The initial response was by e-mail, not PM.

I cannot figure out what this person gained by wasting my time (and costing me at least one more months MF) for 3 and 1/2 weeks. Any thoughts?

My thoughts, until you have a signed purchase agreement including the buyers name, address and phone contact you should keep looking for other buyers.

I would also give the buyer a choice of closing companies that you feel comfortable with. They can cost as low as $150 - $175.

You could offer to pay the deed transfer fees to someone like LT transfers. They will provide you with a purchase agreement to use.

Since this buyer did not get back to you by the deadline I too would be done with him.

 

[comicbookman]

Linda,

You are correct. I have already decided that drop dead deadlines are the SOP for me. Also, I am only going to accept LT transfers, or a closing company highly rated here on TUG. I didn't have any other "serious" sounding inquiries until recently, and while I new in my gut there was something wrong with this one I just could not get past trying to find the scam. It had me almost mesmerized!

John,

I am done with them and did not turn away anyone else (unfortunately no other inquires until today) The contract I sent, was based on LT's contract.

 

[Saintsfanfl]

I have experienced similar silliness. I have agreed to prices several times in the past and then done the contracts that ended there. One guy talked me down to a price and seemed eager. I sent the contract and then he says he has to think about it. There isn't anything you can do about these scenarios except to spend as little mental effort as possible until they submit a contract and deposit. I always let buyers and renters know that until they send a signed contract with the required deposit they do not have a commitment. For this reason I never send them a signed contract. I only sign it after they do.

Even when I give away a timeshare I try and have a deposit if possible so I don't waste time.

 

[comicbookman]

I have experienced similar silliness. ... For this reason I never send them a signed contract. I only sign it after they do.

Even when I give away a timeshare I try and have a deposit if possible so I don't waste time.

Also, good advice. The contracts I sent were filled out, but not signed by me. I requested the buyer fill in their information, sign them and then send them back to me for my signature. That way no one is signing a contract with any blanks above the signature line.

 

[comicbookman]

scam is becoming a little clearer. In response to my e-mail "officially" killing the deal I got this reply:

"No problem. We are buying 10M points whether your 400k are part of them or not. If you want to continue to pay wyn fees for the next 6 months then do so.
We had an agreement and a verbal is as good as a written. On a deal this small sometimes we do no paperwork- simply a quit claim deed. What, do we need a contract that is unenforceable to make sure you pay is $100? We don't even care about the $100 so we are not concerned about delaying with contracts over $100.
Bottom line, you can wait months and months to transfer and keep paying fees, or we can send you the replacement contracts we had prepared and close next week. Typically, at closing, we would have you book a few things and thereby start taking over fees on next bill. But, you could sell to someone else and keep paying them for 1/2 the year. "

All along he has been implying he has an in to getting Wyndham to expedite the transfers. His refusal to either sign or supply a written contract, despite my repeated requests, and his assurances that he would send one,shows we had no deal. The $100 per contract was never an issue. This is the first time he mentioned making reservations for him (which would not be needed if he can get the contracts into his account quickly) I think that is the scam here.

By the way, the buyers name is "Joe" and his email is QDOM (caqcsgd@gmail.com). Beware.

 

[Saintsfanfl]

Do you have the Skype number?

Based on the detailed response it definitely looks like a complete scam.

 

[comicbookman]

Clearly I made the correct decision. This final response reads like a Sales dweeb pitch:

"Yeah. Ur right. We are scamming-Ourselves I guess -considering we agreed to take over your liabilities any we must also like to pay wyn 300 to transfer. Hey everybody! Beware of the greatest scam on earth. If you get scammed by these people they will pay money out of pocket and take over your bad debt.
So, if you make a terrible investment in one of THE worst companies in the world and pay nearly 30-50 times what it's worth only to acquire massive amounts of current and long term liabilities having purchased something that no sane person would pay you more than pennies in the dollar on the open market - hey, call us! We will tell u it's ok and take over your bad debt for you because we want to pay so you don't have too!

An ingenious theory you have there. All this because we took a couple weeks, which is exactly what I told you that it would take as we had things to do on our end first that take time. Sounds like you are willing to shoot yourself in the foot and cut off your nose to spite your face.

So good job. You cancelled a closing for next week and instead of transferring it the following week you will b lucky to get deeds to wyn this month only to wait their 2-3 or more months transfer time. All the while you are paying fees.

Let's see...
1. Pay no more fees, transfer in two weeks?2. pay fees for months on a lengthy wyn transfer process?

Ahh, let's pay for a few months. With the $1000's (or 10000's of 1000's) has already gotten of my money, why stop now???

A few more months will make me feel like I won!"

Considering I told him I bought these contracts resale (so no debt), it' been nearly 4 weeks, he constantly promised a written contract "in a day or so" without ever sending one ( It took me 1/2 hour to type up 3 contracts and send them) and this is the first time he said a closing was scheduled for next week (notice the lack of a specific date for the "scheduled" closing), I do feel like I dodged a bullet!

 

[DeniseM]

This guy is obviously an astute business man who understands the value of honesty, courtesy, and customer service!

If you have the guy's last name, or company name, I can add it to your title as warning to others?

 

[comicbookman]

I misplaced the paper with his last name. (he gave it to me only over the phone). The closing company he was supposedly using was "Leverage out of Pittsburgh". I could find no hint of any such company. His first name was Joe. Apparently he thought I was a moron.

 

[Okies]

Clearly I made the correct decision........I do feel like I dodged a bullet!

You're right. Glad you figured it out! You've already given ths guy too much of your time.

 

[traveldaddy]

Maybe he is trying to flip it, and is stringing you along to get the other side closed? Who knows?

Why not ask for the contracts? Advise him that you will still market the deeds until you receive the contracts. If he comes through (and the contracts are okay), you're good. If not, you are where you are today. I would be very careful in reviewing the terms if you do receive a contract, but that should happen regardless when receiving a contract.

or am I missing something?

Craig

 

[Saintsfanfl]

or am I missing something?

In my opinion, yes. The extremely rude and immature responses from the potential buyer indicates, at the very least, someone you would never want to do any type of business with. I wouldn't sell them a peanut.

He indicated that the verbal agreement was binding, which is pure silliness. He also kept referring to "we", which is more scary than "he". A group or business that would communicate in that manner is not a business that will stay a business. If it's not a scam then it's likely a new "venture" that will fail.

At the very least this is a jerk who has no idea what they are doing and at the most it's a scammer. So either way, stay away.

 

[comicbookman]

Maybe he is trying to flip it, and is stringing you along to get the other side closed? Who knows?

Why not ask for the contracts? Advise him that you will still market the deeds until you receive the contracts. If he comes through (and the contracts are okay), you're good. If not, you are where you are today. I would be very careful in reviewing the terms if you do receive a contract, but that should happen regardless when receiving a contract.

or am I missing something?

Craig

Yes, you are missing something. I requested the contracts numerous times. (see my earlier posts) I even sent him contracts. He always promised to have them in a few days. So I got fed up and gave him a hard deadline, which he missed completely. (still no contracts) If you read his ridiculous reactions, It seems I made the correct choice in breaking off contact. (after telling him we have no deal). You may be right he was trying to flip them, but they are decent contracts, nothing special.

 

[traveldaddy]

I really meant it as a way of not arguing with a pig....they drag you down in the dirt and beat you with experience (as the saying goes). Something like "if you send me a contract then we have a deal, until then I will continue to market the deeds. Period." So as to not waste anymore time. If they actually come through, great. Based on the responses, I never actually expected that this person would, but there is always a chance (eternal optimism maybe?).

I hear you on the language from the individual - I kind of glossed over it initially, but read it again now. They are never going to supply a contract that would be acceptable. So just move on. Life's too short.

 

[comicbookman]

I really meant it as a way of not arguing with a pig....they drag you down in the dirt and beat you with experience (as the saying goes). Something like "if you send me a contract then we have a deal, until then I will continue to market the deeds. Period." So as to not waste anymore time. If they actually come through, great. Based on the responses, I never actually expected that this person would, but there is always a chance (eternal optimism maybe?).

I hear you on the language from the individual - I kind of glossed over it initially, but read it again now. They are never going to supply a contract that would be acceptable. So just move on. Life's too short.

I agree. I was not trying to argue, just thought maybe you did miss something.

 

[csxjohn]

It sounds to me that he wanted you to make a ressie for him then while coming up with delay after delay, he will use the ressie and you'd be left with nothing.

You did the right thing.

 

[comicbookman]

That is about the only scam I could see here as well. (was not going to happen, I use Denise's rules when making a reservation for someone I don't know) All he succeeded in doing was waste my time.