• Report: #1049932

Complaint Review: S D Global Management

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  • Submitted: Fri, May 10, 2013
  • Updated: Fri, May 10, 2013

  • Reported By: anonymous — Texas
S D Global Management
3525 Piedmont Rd., 8 Piedmont Center #401 Atlanta, , Georgia USA

S D Global Management wants to buy your timeshare Atlanta, Georgia

*Consumer Comment: You Were Absolutely Correct - SD Global and Zoom Title are 100% Frauds

*Consumer Suggestion: Timeshare Resale Scams

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 SD Global contacted me to buy my timeshare.  The person I taliked to was Carlos Jose Herrera - if that was a real name.  I was told that a telecommunications business in Latin America was buying 35 properties in the US to keep from paying taxes and to provide incentives and vacation time for employees.  Harvey Peters is the Director of SD Global and his name appeared on the purchase agreement. 

I was offered a very attractive amount and the closing cost was added to the amount and placed in escrow at Zoom Title Co., located in Washington, D. C.  The escrow officer at Zoom Title Co. that was handling my property was John Young. Daniel Carter was the General Manager of Zoom Title. 

The contract sent to me by email was extremely unprofessional and full of mistakes.  I researched and found that Zoom Title is a Pizza Place in Washington, D. C. and the address for S D Global Management is incorrect.  There is no suite #401 in Building 8. 

Both websites are meager and are not professional as compared to other like businesses. 

I told Carlos that I would be happy to see my property if they would use Chicago Title company to handle the escrow.  He forwarded the information and returned a call to say that was not possible.  No surprise! 


This report was posted on Ripoff Report on 05/10/2013 01:42 PM and is a permanent record located here: http://www.ripoffreport.com/r/S-D-Global-Management-/Atlanta-Georgia-30305/S-D-Global-Management-wants-to-buy-your-timeshare-Atlanta-Georgia-1049932. 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 Consumer Comment

You Were Absolutely Correct - SD Global and Zoom Title are 100% Frauds

AUTHOR: Phil - ()

Your experience was exactly the same as ours - the background story and everything. We were also fielding several calls about that Cancun property but SD's offer was by far the best.

UNFORTUNATELY, after checking with references (which not surprsingly were good) we did actually send them money - about $25K worth to pay transer fees, taxes and even commission! Our stuipidity knew no limits :)

The process went seemlessly right up until the date of closing and then..... nothing in return. We are smart people but we were dooped.

It's interesting what you said about the quality of the documents you were sent. I've sold timeshares and vaction properties before and the documents in those cases didn't really look that different. Not very professional but at least those firms didn't turn out to be nothing short of criminals.

We have filed extensive police reports in Washington, Atlanta and even Mexico - and are getting very good cooperation from the bank they used. The money is gone but can be replaced. I am more concerned about the people getting caught and stopped. As the other comment quite rightly points out, there are some very good people in that business and these types of criminals just give the whole industry a black eye.

Those same senior management names you mentioned appeard on our contracts and documents from both companies.

SD Global Management's cast of characters to add to your names to watch for: Jonathan Palmer (main) and Alexander Greenwell both supposedly of Atlanta, GA

Zoom Title's supposed Escrow people: Jeff Powers (main), Sara Martinez (who Jeff actually called an "idiot" in one of our conversations - just in the off chance she reads this), and Courtney Ross all supposedly in Washington, DC

Don't fall for their scam. It's definitely one of those things that if sounds to good to be true, it's because it is.

The first thing you should do if you get these calls is verify their authenticity with your actual timeshare company. They know who the good ones are and can tell you if you're getting scammed.

We learned the hard way.

 

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#2 Consumer Suggestion

Timeshare Resale Scams

AUTHOR: janie78j - ()

The resale of a timeshare is a legitimate business. Companies agree to advertise a timeshare for a fee on their websites. As with advertising, the membership doesn't need to sell in order the fees to be legitimate. The difference between an honest timeshare resale company and a scam, is when the company falsely suggest they have a buyer waiting for their timeshare, or picture unrealistic, overoptimistic selling possibilities. Also, you should NEVER pay an upfront fee to sell your timeshare. Consider this as a hard learned lesson. I recommend you to read the articles from Mexican Timeshare Solutions on how to proceed legally  against a fraudulent timeshare resale company, this is their website:

http://www.timesharescam.com/

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