[2011] Timeshare Adventures or timeshareadventures? Legit??

[yumdrey]

OK, I never thought this time would come - asking about those scam companies.
Now I am purchasing a timeshare, and seller wants to use this "timeshare adventures" for closing.
Seller said they "prepaid" fee to timeshare adventures for selling/advertising/closing, so they believe timeshare adventures can do whole closing process for free.
My instant instinct is, seller got scammed by one of those "prepaid fee" scammers.
Did anyone hear about this co?
I checked their website,
www.timeshareadventures.com
And they have lots of weeks listed on their website.
Hope my instinct (seller was scammed) is wrong...

 

[DeniseM]

Here are their services: http://www.timeshareadventures.com/closing-cost.php

They charge "gold Ad" owners $595
They charge "Plat Ad" owners a lower fee, based on services needed, & location.

I don't believe that you, as the buyer, have any obligation to use their services, since you did not buy through their webpage.

 

[yumdrey]

Thank you Denise for your quick reply.
Seller is offering free closing cost for me. They believe they prepaid the closing cost to timeshare adventures when they listed a week on their website.
But I am not sure if timeshareadventures have legit escrow or not.
It is not a cheap week, it is more than $7000, and I don't want to send my $7000 to a company which I have never heard of.
Debating should I go forward or not...
Thank you anyway!

 

[JM48]

They state they will handle the escrow services, does this require bonding ?
If so who handles their bonding Insurance?

If you know what state they are located in you could check with the Attorneys General.

I would be very cautious as well especially the amount involved.

But on the other hand they have the "Warning" about scammers right at the top of the web site so they must be legit!!

JM

 

[Rent_Share]

Thank you Denise for your quick reply.
Seller is offering free closing cost for me. They believe they prepaid the closing cost to timeshare adventures when they listed a week on their website.
But I am not sure if timeshareadventures have legit escrow or not.
It is not a cheap week, it is more than $7000, and I don't want to send my $7000 to a company which I have never heard of.
Debating should I go forward or not...
Thank you anyway!

You should choose the closing company just deduct it from your $ 7,000, If it was $ 700 it might be different. You need someone making sure you get what you paid for before they release the money to the seller, the seller's captive closing company WILL NOT BE OBJECTIVE when it comes to closing the deal

 

[DeniseM]

First of all, as the buyer, you have the right to choose the closing company - and pay for it.

Secondly, the seller only gets a free closing with this company if he paid for a "Platinum Ad."

No disrespect, but a seller who would pay these kind of up front fees, probably isn't too knowledgeable, and I wouldn't rely on them for info.