Recently a timeshare owner contacted us about an offer he received from The Club Exchange Program in Las Vegas, want to know if they are legitimate organization. We had not heard of this particular company before so we inquired about the terms of sale. The owner said the CEP offered to wire or send cashier check for $52,800 for his Pueblo Bonito timeshare.
We instantly knew this was a scam, as timeshare experts the price for the unit was unbelievable. Our records show this type of unit going for. Also, a quick search around the web to legitimate sales sites like Sell My Timeshare Now, or eBay would have shown prices far below this offer. You can also call the resort directly, and buy a new unit for far less.
We went on to explain how this scam works: you sign an agreement and return it to them. They will then send an email requesting you wire in a certain amount of funds to Mexico for transfer taxes, sales taxes, closing fees, or something similar to that. They claim you will receive the funds back at closing but in all reality there is no buyer and you will never get your money back, or the any money they promise