• Report: #646046

Complaint Review: True Vacation Services

  • Submitted: Thu, September 30, 2010
  • Updated: Thu, September 30, 2010

  • Reported By: Westgate-seller — Rockford Illinois U.S.A.
True Vacation Services
Internet United States of America

True Vacation Services Probable timeshare selling scam, Internet

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We were contacted by this company because they had a buyer for our timeshare.  They would waive the $870 advertising fee, so the sale wouldn't cost us anything.  They said they make their money on the financing of the timeshares.

After a long conversation, it turns out they want $1,850 for closing fees, title search, and other proof of ownership.  This has to be paid before they will make the sale.  Its a typical timeshare scam.  If you have to pay anything before closing, 98% of the time its a scam.

In response to the statement "There's no bank in the world that will give a loan to someone  without proof that your property isn't in foreclosure,"  I'll remind you that banks typically require title insurance from the title company.  They're covered, and they see the documentation at the closing.  The loan is contingent on proof of clear title at closing.  They never hand the buyer a check, unless its a personal loan.  If its a personal loan, then there isn't a lien on the property and it still doesn't matter.

This report was posted on Ripoff Report on 09/30/2010 06:41 AM and is a permanent record located here: http://www.ripoffreport.com/r/True-Vacation-Services/internet/True-Vacation-Services-Probable-timeshare-selling-scam-Internet-646046. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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