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Original Message:

Is This A Resale Scam? (by Jon S.):

I've been contacted by a firm which says they have a buyer for my Mexican timeshare. They say a larger Mexican firm is buying as many contracts from my resort as possible in order to market it to the national Mexican market. "It's cheaper for them to buy people out than to build a new resort."

They are talking pretty good numbers, and are making it sound like a done deal. When I asked them if there are any fees for their services, they said that I'll have to lay out the closing costs, approximately $1,500. Then, in a month or so, when the deal closes, the buyer will refund these closing costs.

Does anyone know if the seller ever pays for closing costs in this manner? Is this everyday procedure?

I'm giving the contract to my lawyer this week, and of course haven't done anything yet.

Has anyone heard of anything like this- a large company coming around and buying out an entire resort of time share owners?

I'd really appreciate any info on this topic...thanks in advance...