Coastal Premier? Scam?

[kmanship]

Anyone heard of this group? Sounds like a total scam... Basically we were told that we would get more than our asking price and that they already had a buyer, blah, blah, blah, all we had to do was give them money for a title search.

Anyone have any info on this group?

Thanks in advance!

 

[Patri]

You already know the answer.

 

[DeniseM]

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) Are they refusing to send you a contract until you pay their fee?
​

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.

Please see the articles at the top of the Buying, Selling, Renting page entitled "How to Sell Your Timeshare." - http://www.tugbbs.com/forums/showthread.php?t=44

 

[dougp26364]

Anyone heard of this group? Sounds like a total scam... Basically we were told that we would get more than our asking price and that they already had a buyer, blah, blah, blah, all we had to do was give them money for a title search.

Anyone have any info on this group?

Thanks in advance!

That line about all we had to do was give them money should tell you everything you need to know. If you have money to give away, please send it my direction.

Try this line. Tell them that, since they already have a buyer, they can take the research fee's out of their comission for selling/renting your timeshare, just like any other legitimate real estate agency would do. You'll never hear from them again.

 

[kmanship]

That line about all we had to do was give them money should tell you everything you need to know. If you have money to give away, please send it my direction.

Try this line. Tell them that, since they already have a buyer, they can take the research fee's out of their comission for selling/renting your timeshare, just like any other legitimate real estate agency would do. You'll never hear from them again.

Great idea... I hope they call back today.. I want to bust them so bad... I wonder if there is anything I can do to make sure they don't do this to anyone else?