Business ProfileforLegacy Title & Abstract Inc.
Current Alerts For This Business
Requests to wire money upfront are usually the sign of a fraudulent operation - especially when it comes to companies claiming to be resellers of timeshare properties. The BBB offers these tips to those seeking to sell their timeshares:
* Be realistic. In regard to timeshares, it's generally a buyer's - not a seller's - market. Unscrupulous timeshare resellers may claim that your property is in demand and they can sell it immediately; unfortunately, these promises often prove to be false.
* Be Wary of Upfront Fees - Consider opting for a company that offers to sell for a fee only after the timeshare is sold. Many complaints to the BBB regarding timeshare resellers involve situations where people were told they needed to wire "advance appraisal fees," or that they just had to pay closing costs and their timeshare would be sold.
* Use a Business You can Trust - Make sure the timeshare reseller you use is a BBB Accredited Business or at the very least has a good rating with BBB. You can check out a business's BBB Business Review at bbb.org.
* Confirm Licensing Requirements - Some timeshare resellers will use fake addresses or PO boxes in order to mislead timeshare owners. Confirm where the company is located and in what states it does business. Ask if the company's salespeople are licensed to sell real estate where your timeshare is located. If so, verify this with the state licensing board.
* Get the Facts on the Figures - Find out if the business charges a commission. Do they handle the entire closing and provide escrow services? Do they charge an up-front listing or advertising fee? What does it cover and is it refundable?
* Don't Fall for the Hard Sell or an Offer that Sounds Too Good to Be True - Don't agree to anything over the phone but instead ask the salesperson to send you written materials; take the time to think it over and don't be pressured.
At-a-glance
Related Categories
Business Details
- Location of This Business
- 1660 Highway 100 S Ste 500, St Louis Park, MN 55416-1551
- BBB File Opened:
- 6/10/2019
- Years in Business:
- 18
- Business Started:
- 11/14/2006
- Business Started Locally:
- 11/14/2006
- Business Incorporated:
- 11/14/2006
- Type of Entity:
- Corporation
Customer Complaints
0 Customer Complaints
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