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Re: anyone been to this resort? (by Clayton A.):
I've not heard of that company but my wife and I were contacted by Leo Garza two weeks ago from First Management Group, also from Texas. He emailed a Letter of Intent, clearly stating their terms as 8% of selling price, collected at closing. I checked the BBB and found no history for the company because they were new. TWO days after Mr. Garza's Letter of Intent, we got an email from Coco Sunset recommending owners be wary of unauthorized contact by third party sellers. Do you get the impression they are somehow connected? I believe either Coco has a disgruntled former employee or they are simply trying to scam us for more money themselves. When we didn't respond to the Letter of Intent, Garza called back so my wife started grilling him for information. When she asked about fees and seller's net at closing, he told her "you will have to submit a cashier's check for 20% of the sale price at closing. Countries like Mexico and Costa Rica discourage timeshare resales so they charge 20% fee to process the transaction." My wife asked why the fee could not be taken out at closing and he said it was required by law. After being burned by another resale company, we'll never bring money to the table or pay up-front fees. Trust me, Costa Rican timeshares, and timeshares in general, aren't in demand. If you didn't contact the company first and they approached you, there is a twist for them to make money, probably yours.