I was contacted by phone by Preferred Property Liquidators about a time share I own in Cabo. Tiffany Styles (an agent for Preferred Property Liquidators) told me they had a buyer for my unit. I just needed to send $1200 for a title search and other legal services. Basically the same story that others have reported for Global Resort Acquisitions & Resorts Acquisitions Worldwide.
I was very skeptical about the whole pitch. As soon as I got off the phone I did a search for the business name "Preferred Property Liquidators" and address I was given. I checked with the BBB, the Secretary of State of Nevada & Google, nothing came up. So I dug harder searching every source I could think of and still found nothing. I checked Google Earth to try and confirm if there was even a business at the address I was given (3077 E. Warm Springs Rd, Suite 300, Las Vegas Nevada). Still nothing. However I did get the names of a few businesses in the same complex so I called them. No one had heard of Preferred Property Liquidators.
So I called Tiffany back. After several minutes of being grilled Tiffany put her manager on the phone. Her manager laid out a perfectly polished line of B.S. about how long the company had been in business, how great a relationship they have with their bank, why they don't accept credit or debit cards and why they don't have a website. He also let me know if they were doing something shady you would hear about it on the internet.
After that phone call I immediately contacted a Private Investigator in Las Vegas. Within a few minutes John (the PI) was able to tell me that a business was at that address and that the owners name is Carlos Barron. A quick search of Carlos Barron on Google and the Secretary of States website told me everything I needed to know.
It appears that Carlos and his crew have been very busy scamming unsuspecting Time Share owners for sometime using different company names to stay ahead of the bad publicity. Well the word is now out about "Preferred Property Liquidators" and Carlos Barron.
Always do your homework before you send a penny to anyone. A private investigator has access to tools that we don't and can do a search in minutes. I wish I had called them first. It would have saved me hours online and on the phone. BTW: A private investigator typically charges about $100 a hour. It took about five minutes and I wasn't charged for the service.
So now you have been warned. Don't do business with Preferred Property Liquidators, Global Resort Acquisitions or Resorts Acquisitions Worldwide. Never prepay for any real estate service. And ALWAYS do your homework. Scammers are everywhere and they are very good at what they do.