Timeshare Cancellation
Legacy Title & Abstract Inc.Find BBB Accredited Businesses in Timeshare Cancellation.
Information and Alerts
Alert Details
This business has 1 alert.
Alert
Based
on information in our files, the BBB has reason to believe this company is not
legitimate. As of July 9, 2019, we have been unable to confirm if they are operating
out of Minnesota. The address listed on their website has been returned to BBB as 'not known--unable to forward' by the post office.
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:
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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.
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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.
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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.
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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.
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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?
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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.
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