scam or not

[frisko]

A rep from Blue Bay Advisor in orlando phone me about my timeshare. If I wanted to sell it with no upfront fees. They charge a 6 percent commision on the final sale. Of course nothing seems to be to good to be true. I need to have a title search and a estoppel letter first so they can put it for sale. They did say that I could call the resort which would charge me a fee for the search and the city for the estoppel letter. The rep said that they could do both for a fee with no pressure which way I decide. Is the title search and estoppel letter neccessary before the sale. Any input would be appreciated.

 

[Art4th]

Sounds to me like you'd be paying some up-front fees!

I'd pass.

 

[sernow]

It's a scam. Search TUG and you'll find some of the details.

 

[DeniseM]

A rep from Blue Bay Advisor in orlando phone me about my timeshare. If I wanted to sell it with no upfront fees. They charge a 6 percent commision on the final sale. Of course nothing seems to be to good to be true. I need to have a title search and a estoppel letter first so they can put it for sale. They did say that I could call the resort which would charge me a fee for the search and the city for the estoppel letter. The rep said that they could do both for a fee with no pressure which way I decide. Is the title search and estoppel letter neccessary before the sale. Any input would be appreciated.

It may be that Blue Bay Advisor requires the title search and estoppel letter - not that it's necessary in a legal sense. What is their fee for this?

 

[DeniseM]

It's a scam. Search TUG and you'll find some of the details.

It may be a scam, but I don't find anything for Blue Bay Advisor using the search function? Do you know something about them?

 

[Bill4728]

It may be that Blue Bay Advisor requires the title search and estoppel letter - not that it's necessary in a legal sense. What is their fee for this?

This is a way for a company to charge you an up front fee for something which is completely un-nessary for the seller to have.

The Buyer will want ( and pay for) an estopple letter ( and maybe a title search) but there is no value for the seller to have these.

 

[ctyatty]

A rep from Blue Bay Advisor in orlando phone me about my timeshare. If I wanted to sell it with no upfront fees. They charge a 6 percent commision on the final sale. . . . The rep said that they could do both for a fee with no pressure which way I decide. Is the title search and estoppel letter neccessary before the sale. Any input would be appreciated.

Looks like the fees for the letters and "search" are the profit in its business model - 6% won't pay the bills!

 

[sernow]

It may be a scam, but I don't find anything for Blue Bay Advisor using the search function? Do you know something about them?

http://www.tugbbs.com/forums/showthread.php?t=76511&highlight=blue+advisors

http://www.tugbbs.com/forums/showthread.php?t=58492&highlight=blue+advisorshttp://www.tugbbs.com/forums/showthread.php?t=76511&highlight=blue+advisors

 

[DeniseM]

http://www.tugbbs.com/forums/showthread.php?t=76511&highlight=blue+advisors

http://www.tugbbs.com/forums/showthread.php?t=58492&highlight=blue+advisorshttp://www.tugbbs.com/forums/showthread.php?t=76511&highlight=blue+advisors

Thank you! I don't know why I couldn't find those!