Original Message:
Anyone heard of Capital 1 (One) Financial Svcs (not the bank) in Orlando? (by Bill B.):
This appears to be a clever new timeshare resale scam. The salesman called and said they had a buyer for my timeshare and actually emailed scans of two checks from the buyer (Steve (Brian) Lafrain) for $2,700 (20% down) and $2,487 (processing fees). They also emailed a copy of a sales contract signed by Lafrain.
The problem is that it appears to be just another scam. There is no information available on the company "Capital 1 or One Financial" (other than their slick website), any searches go to the "real" Capital One Bank - not these guys. The contract has no information for the company and includes a requirement for the seller to pay $1,798 for title work, etc. While it says the buyer will receive their deposit back if the contract is terminated, there is NO provision for the seller to receive any money back if the 'buyer" backs out or something else "alledgedly" prevents the sale.
There is no indication on the contract that the Company actually exists. Company name is not on the contract. Interestingly, their website provides no information on how to see them other than a PO Box and an email. Beware of entering into any agreements through them. Additionally, the saleperson mentioned that he would need my credit card number to "process" a refund for advertising fees I paid to another company.