- Apr 24, 2017
- Reaction score
- Resorts Owned
- Timeshare at Reef Regency Cozumel, Timeshare at Grand Mayan Resorts Playa del Carmen
For the past year I have had my timeshares on the market throught a private marketing company Blue Point Holdings. In February they finally found a buyer and assigned my account to a closing company called Continental Financial Enterprises. I signed an agreement with them and they began the closing process. Last week they asked for a bank account number and ABA number so the funds being held in a Mexican Bank (in escrow) could be released. I gave them that info and expected that the funds would be transfered to my account. Two days later I recieved an email stating that when CFE tried to have the money transfered they discovered that there are bank fees that have to be paid before the money in escrow can be released and wired to my account. The amount of fees is 9%, and amount to $2,137.00. They want me to send the $2,137.00 in order to get the $23,750.00 in escrow. Has anyone heard of a scam like this, or is it common to have to pay bank fees in order to gey money held in escrow?