A a couple owning a timeshare at Los Cabos Gold Resort in Mexico, receive a random call one day with an offer to sell their timeshare unit from a company called Oakwood Property Management.
Oakwood Property Management guaranteed the sale of their ownership, and said they would only take their 7% commission after the seller received the proceeds from the sale. The property management company offered them $26,000 for their timeshare, but a few legal fees need to be paid to process the transfer first. This is one of the oldest Mexican timeshare resale scams in the books. Once you wire the fees for “all services they claim are necessary for the sale to proceed” you never hear from them again. In reality, any broker will pay those fees out from the proceeds of an actual sale. Too bad an actual sale isn’t really what Oakwood had in mind.
Always check the resale price of your timeshare unit on the internet to verify any claim that your timeshare can be sold for x amount of dollars, or offers to buy your timeshare for more than you paid. A quick google search and you’ll probably find your timeshare isn’t listed anywhere near the amount the scammers are offering you.
Parties in the scam and alleged contact information
Oakwood Property Management 1144 3rd Ave Seattle, WA 98101 Phone number (206) 607-9701/(206) 535-1309 Fax: (206) 858-9642 www.oakwood-propertymanagement.com
Robert Botelo - Managing Director Brian Whitlock - Co-Managing Director Amy Read
No Record with the BBB. Company not registered with state of Washington.
The purchase contract shows an Escrow One Inc. contracted to do the closing and located in Washington state.
The website is www.escrowone-in.com and registered on 10/13/2016 to a man named David Alderman. The phone number associated with this domain registration leads to a fax number on their website. Escrow One is an active corporation in Washington that was filed in 1993, but it’s suspicious they waited so many years to build a website, so more due diligence was needed.
There is a company called Escrow One Inc in Lynnwood, Washington that opened in 1994 and closed in 2014. Escrow One Inc does have a BBB rating from 1994, the phone number listed is now disconnected. But the location listed on the business license is an address in Tyler Texas.
It appears the scammers picked a company that was once a legitimate escrow company and used their good name to help cover their scam.
The names associated with Escrow One Inc are David Alderman and Jaunita Coura (the the legitimate Escrow One was founded by Jaunita Koura). Look for small details like this that scammers will hope you’ll overlook!
Timeshare Specialists called and spoke with the receptionist who claimed Juanita was unavailable at that time. We then asked for David Alderman, he was also unavailable. Needless to say, the couple made no further communication with the scammers and reported the details to the proper authorities. When we reported our finding to the seller they agreed that this offer was shady at best. They ceased contact with the representatives from both companies and reported the incident state authorities.
People involved and their contact information David Alderman 1546 NW 56th Street Seattle, Washington, 98107 Office: (206) 388-4847 Fax: (206) 923-8130 Email: firstname.lastname@example.org