I have been trying to sell my two time shares in Mexico through a Marketing Blue Point

[James Henneke]

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?

 

[SmithOp]

Yes its a scam, paying 9% fees for a simple transaction is unheard of. Cease all contact with these people, they are not working in your interest at all, they are trying to get more money from you.


Sent from my iPad using Tapatalk

 

[saabman]

And this may be only the beginning of requests for "fees". There are all bogus.

http://www.insidethegate.com/how-to-spot-a-scam/the-mexico-escrow-scam-2/

 

[TUGBrian]

you are absolutely being scammed...

 

[Passepartout]

There is no buyer. There is no money in escrow. No one is going to 'buy' ANY Mexican timeshare. There are hundreds of them on eBay for free. Mexican timeshares are simply 'Right to Use', there is no deed. It's a bag of hot air. Time to cut your losses, Jim. Walk away and tell the resort that you have sent them the last nickel you are going to. They might make some noise about turning you over to collection, but with no deed for collateral, they've got no case.

Sorry for the reality check, but there it is.

Jim

 

[PigsDad]

Another obvious red flag: No one in their right mind would buy a Mexico timeshare on the resale market for $23,750. Most Mexican timeshares aren't even worth $1 on the resale market.

Since you say you have your timeshare on the market, you might consider the actual resale value when setting your asking price -- it is probably way less than you think. Sorry to be the bearer of bad news...

Kurt

 

[vacationtime1]

Absolutely a scam.

If you do a search on this BBS, you will find dozens if not hundreds of posts about Mexican timeshare scams. They all involve payment of refundable "escrow fees", "title searches", "appraisal fees", etc. What they have in common is a request that you give them money. After which they disappear, along with their "buyer".

 

[TUGBrian]

we also have our fingers crossed that you have not paid an upfront fee to said "marketing company"!

 

[icydog]

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?

It's a scam. They'll take your $2137 and you'll never see them again.

Make sure you go to your bank and transfer your money to a clean account. Word to the wise, Never give out your bank account number again.

 

[Iggyearl]

It must be a scam if their website has language like this:

"Efficiently, exceptional and well trained staff with accurate relationships. Enthusiastically and multidisciplinary partnerships through client-centered "outside the box" thinking. Assertively embracing leadership skills and alternative markets.

This is what defines Blue Point Holdings"

This is language off their "website" which claims they are a reseller of timeshare intervals. I bet you bought a vacation club package and "traded in" you timeshare. Now they want you to pay them to finish the transaction. Just google "Blue Point Holdings scam" and check the results. Sorry for your loss.

 

[Desertdogyahoo2]

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?

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?

What ever happened? Did you send the money and get your 23,000. I'm in the same predicament wondering what to do. Thanks Deseretdog

 

[Desertdogyahoo2]

What happened in your case? Did you send the money and receive your funds. I'm in the same situation wondering what to do thanks. Desertdogyahoo2.

 

[DeniseM]

The OP posted in April, and never came back again. Chances are that you sent your money outside the US, and it is just gone.

 

[Passepartout]

What happened in your case? Did you send the money and receive your funds. I'm in the same situation wondering what to do thanks. Desertdogyahoo2.

Read my post #5. If you're in the same situation, the answer is the same.