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scam or not

F

frisko

newbie
Joined
Feb 20, 2008
Messages
3
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0
Location
Ottawa,Canada
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.
 
Sounds to me like you'd be paying some up-front fees!

I'd pass.
 
frisko said:
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.
Click to expand...

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?
 
sernow said:
It's a scam. Search TUG and you'll find some of the details.
Click to expand...

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?
 
DeniseM said:
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?
Click to expand...

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.
 
frisko said:
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.
Click to expand...

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