Buying, Renting, and Selling Timeshares

Luxury Resorts Resale scam (www.luxuryresortsresale.com)

May 28, 2010

Alerting to all that Luxury Resorts Resale (www.luxuryresortsresale.com) is nothing but yet another scam to pop up in the never-ending string of rip-offs! They bait you by saying that you don't have to pay upfront fees, and would only have to pay a 5% commision of the sale price. Once they have lured you in they then say that you can't receive proceeds from the sale until you wire an upfront tax amount (around 25% of the amount) to some individual in Mexico.

For one thing there are no taxes you have to pay for your timeshare when selling it, and if you wire the money to their cohorts in Mexico you will never hear from them again and you not get your $$$ back. They try to direct you to web pages and Mexican tax information and try to make you think it is legitimate but don't fall for it. If they were a legitimate "selling agent" AND being taxed on the timeshare was a valid transaction why wouldn't they just take out the amount from the proceeds of the sale? Because they want you to get excited about selling your timeshare so as to steal your money by having you wire this fraudulent tax amount to Mexico.

They also claim to have been in business over 16 years, but there is no information on them whatsoever. The Better Business Bureau has them listed as C- but only because they don't have any information on the company, which is the standard rating for unknown/new companies that don't have any info. Luxury Resale Resorts (Julie Morgan, Rich Nelson, or Steven Greene) trumpets the fact it is on BBB but it doesn't mean anything because BBB doesn't know anything about them. In fact, the Luxury Resorts Resale website was just created in December of 2009 (run a whois on their website, www.luxuryresortsresale.com), even though again they claim that they have been in business for 16 years. Plus again if they were really in business for that long the BBB would have information on them!

The main point is don't wire/send/mail any money to them or to anyone in Mexico - you will not get it back!!

Hope this gets out to as many people as possible before someone make a regrettable decision!


J W.

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