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Is closing company ligit?

Carter611

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Contacted by Exclusive-Property Management of 251 Kearny St, San Francisco, CA 94104 with purchase offer for my property. 6% closing fee paid after closing and check has cleared. They claim to be a closing company. Has anyone had contact or done business with these guys. They have a real physical address
 

RX8

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Warning - Proceed With Caution!!!

Contacted by Exclusive-Property Management of 251 Kearny St, San Francisco, CA 94104 with purchase offer for my property. 6% closing fee paid after closing and check has cleared. They claim to be a closing company. Has anyone had contact or done business with these guys. They have a real physical address
Just a quick Google search reveals:

(1) Website created 12/24/11
(2) Phone number is a Voice over Internet number

Even though the address they list may be real, most, if not all scammers, are NOT at the address they list. They use an address to make themselves appear legit but are likely working from some boiler room in another state or country. The fact that they say there is no upfront fee doesn't mean anything. The scammers will spring on you a "fee" or "tax" that must be paid before they can send you your big check. Once they have that, you won't hear from them again.

These scammers are seen time and time again. Many simply close shop when the heat is on and start a "new" company. Since they contacted YOU with an offer to purchase, likely at a price that is too good to be true, this in itself is a HUGE RED FLAG. Combine that with the fact that they just popped up in this world, their website has spelling errors, they have testimonials from October when they didn't even exist, and that this CLOSING company is cold calling timeshare owners would lead me to believe that they are out to SCAM you out of your hard earned money.
 
Last edited:

richardm

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Tell them you'd proceed but only if you choose the closing agent.. They will say no because the offer is a scam! Report them to the Attorney General in California as well as the state where your resort is located and the state where you live. You can find a list of all the US Attorneys General at http://naag.org
 

Carter611

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Scam closing company

Just a quick Google search reveals:

(1) Website created 12/24/11
(2) Phone number is a Voice over Internet number

Even though the address they list may be real, most, if not all scammers, are NOT at the address they list. They use an address to make themselves appear legit but are likely working from some boiler room in another state or country. The fact that they say there is no upfront fee doesn't mean anything. The scammers will spring on you a "fee" or "tax" that must be paid before they can send you your big check. Once they have that, you won't hear from them again.

These scammers are seen time and time again. Many simply close shop when the heat is on and start a "new" company. Since they contacted YOU with an offer to purchase, likely at a price that is too good to be true, this in itself is a HUGE RED FLAG. Combine that with the fact that they just popped up in this world, their website has spelling errors, they have testimonials from October when they didn't even exist, and that this CLOSING company is cold calling timeshare owners would lead me to believe that they are out to SCAM you out of your hard earned money.
Thanks for info. -- that's what I thought too. May ask to pick my own Closing Co.. How did you know the number was a voice over internet number? " Iam so-000 green" Thanks again
 
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