Anyone heard of Capital 1 (One) Financial Svcs (not the bank) in Orlando?

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.

It's a scam .... anyone can write checks, bogus contracts and scan them .... kudos to your gut instinct ..... it's just a matter of time before these people are prosecuted by the attorney general in Florida .... she's after them bigtime. You need to report them (this is a new one that I haven't heard of) to the AG of Florida .... you can google contact info and you can report this scam online. Scroll down in this forum to see all the upfront fee resale companies that she's investigating with many of these companies already having been prosecuted. The Feds are also on to them .... read that thread also.

I got the same crap from a company called Twenty First Century. Their contract has the address of the US Bankruptcy court in Tallahassee, FL. And nothing but gmail.com email addresses. The name of the guy was Ron Novak.

This guy wanted me to send $1040 bucks to pay For document stamps on the sale of my timeshare. He claimed the property was sold and he was the closing agent. He wanted money right now. He must think I just fell off the truck.

jeffa193 wrote:

This guy wanted me to send $1040 bucks to pay For document stamps on the sale of my timeshare. He claimed the property was sold and he was the closing agent. He wanted money right now. He must think I just fell off the truck.

I don't think he thinks that you "just fell off the truck". Whenever these clowns see timeshare owners, they think "desperate and naive". Sadly, many timeshare owners are just that - desperate and naive - and will lose all rational thinking when they hear that someone wants to buy their timeshare for mega bucks.

Nonetheless, good for you for thinking straight and not getting blinded by greed.