• Report: #938532

Complaint Review: alliance bay funding

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  • Submitted: Sat, September 08, 2012
  • Updated: Tue, September 25, 2012

  • Reported By: Alan — Windermere Florida U.S.A.
alliance bay funding
Internet United States of America

alliance bay funding David Browning Grand Mayan Timeshare resale scam , Internet

*General Comment: Royal Elite Timeshare Scam

*Author of original report: Alliance Bay Funding are still at it

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we where called by a person saying his name was David Browning purporting to be a realtor for Alliance Bay Business Brokers offering to help us sell our 2/2 Mayan timeshare to his buyer..  He sent us a very attractive offer and asked to signa letter of intent to sell. 

He sent us license numbers from the CA DRE which obviously checked out.  During my due diligence I went to the actual Alliance Bay Business Brokers web site and found the real David Browning. When I contacted him he did not know anything about this transaction.  Because the bogus David Browning was using his ID to scam vulnerable timeshare owners. 

The scam works like this as far as I can see.

They contact folks who they have found out owe a Grand Mayan Timeshare.  They make an attractive offer and talk you into sending the 5 weeks of maintenance fees required as a transfer fee, to their bogus Escrow company. A certain

Name: Munoz, Vincent Paul
 
Mailing Address: 3047 STREET OF THE CHIMES  CHINO HILLS, CA 91709
 
License ID: 01808650
Expiration Date: 09/16/15
License Status: LICENSED
Salesperson License Issued: 09/17/07
 
Employing Broker: License ID: 01238581
CCI Mortgage
15348 Central Ave.
CHINO, CA 91710

At this stage, with so much of the info not checking out, we stopped communicating with these folk and we have not heard from them since. 

Apparently they were using a bogus web site http://alliancebayfunding.org/  and a bogus escrow company to defraud timeshare owners of around $4250 in up front transfer fees

Do not deal with anyone that asks for any money up front to sell your timeshare

Alan@FrontlineFloridaRealty.com

This report was posted on Ripoff Report on 09/08/2012 05:24 PM and is a permanent record located here: http://www.ripoffreport.com/r/alliance-bay-funding/internet/alliance-bay-funding-David-Browning-Grand-Mayan-Timeshare-resale-scam-Internet-938532. 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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#1 General Comment

Royal Elite Timeshare Scam

AUTHOR: Becker79 - ()

It's a scam. Sadly but truth, there is virtually no resale market for timeshare anymore, I know because I kept trying to sell my Royal Elite timeshare for years. The market has collapsed and the stark truth is most timeshare is worthless. Ebay is full of timeshare weeks unsold for only $1. The sellers would of course be quite happy to sell for eve less just to rid themselves of timeshare, so, what would anyone believe on someone that calls and claims there's a "prospect buyer" for your timeshare? It's just too good to be true...

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#2 Author of original report

Alliance Bay Funding are still at it

AUTHOR: Alan florida realtor - (U.S.A.)

Now they are using the name Carlos Jimenez and quoting his real estate License number.  Do not be fooled.  Do not part with any money.  The real Carlos Jimenez works for Alliance Bay Realty and can be found on their web site.  If you are approached by anyone saying that they can help you sell your Mayan time share then proceed with utmost care.
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