Exchange Property Management

This company has offered a deal to buy my property in (timeshare) in Cabo. Has anyone done business with these guys (EPM) http://exchangepropertymanagement.com/??? Sounds too good to be true

Thanks, Barney Watkins

barnumw wrote:

This company has offered a deal to buy my property in (timeshare) in Cabo. Has anyone done business with these guys (EPM) http://exchangepropertymanagement.com/??? Sounds too good to be true

Thanks, Barney Watkins

If it sounds too good to be true then 99.9% it is. They will ask you for a large upfront fee for closing then you'll never hear from them again.

They are not asking for any upfront costs or fees, go figure?

barnumw wrote:

They are not asking for any upfront costs or fees...

Not yet, anyhow...

Rest assured that a phony, manufactured "requirement" for some form of payment would be SOON be forthcoming (e.g., esoppel, Mexican taxes, title search ---or some other such bogus, non-existent "fee") if you take the bait and bite the hook. Don't do it. Run away --- fast and far and promptly...

barnumw wrote:

They are not asking for any upfront costs or fees, go figure?

That's because they do not label it "upfront fee". They give it a euphemistic name like (as mentioned above) Mexican back taxes, escrow fee, closing costs or (get this) a non-refundable deposit.

barnumw wrote:

This company has offered a deal to buy my property in (timeshare) in Cabo. Has anyone done business with these guys (EPM) http://exchangepropertymanagement.com/??? Sounds too good to be true

Thanks, Barney Watkins

I also rec'd a call from EPM and they offered to buy my timeshare in Mexico at a great price, I completed the paperwork and now they want me to do a wire transfer of $3000 to pay the taxes before deal is finalized. I will not be sending the money, but do wonder how they had my information to begin with to make the offer.

marciab96 wrote:

I will not be sending the money, but do wonder how they had my information to begin with to make the offer.

It's quite common in Mexican timeshare circles for owner info to get "distributed" out to third parties. The info is probably sold "on the side" by people inside the facility operations. Privacy laws in Mexico (...to the extent that they even exist at all) do not have the constraints or the muscle of those in the USA.

Did you end up going through with the deal? Was it successful? At the wire transfer stage and skeptical. Julie

They have made the offer to us as well, and now are asking for the "federal tax" for the Mexican govt. that will be completely refundable!

Has anyone completed a transaction with them?

Diane

I got a call last week from them also offering a great deal for our Royal Holiday Points, on behalf of an investor. No upfront fees, just a 5% commission at the end. So, their M.O. is to ask for you to pay for a hunk of taxes before fransfer? I thought it sounded too good to be true. Mine was located in Aruba, but that sales location closed down, and I know for a fact that timeshares in Aruba don't have any taxes associated with their sales.

Same deal offered to me by EPM: offer price-%5 commission for our Royal Holiday points purchased in Cancun. No upfront money for taxes, fees, etc. (yet). EPM did say any sales tax, transfer fees, etc., is usually paid by the purchaser.

Purchase offer funds will be placed in seller's escrow account, and only then is paperwork to transfer Royal holiday points sent to EPM.

Still somewhat skeptical, since EPM is not listed (good or bad) with the BBB of New York.

i think that i was scam by this e.p.m. they called me and told me that they can sell my timeshare. and this craig fellow had a friendly voice i believe him,and did a money trasfer to mexico well i haven;t gotten a call back.they did send me a email saying i will have a disbursement deposit, but so far nothing has been deposit. how could i have been so stupid,

did you get refunded?

frann7 wrote:

....they called me and told me that they can sell my timeshare. and this craig fellow had a friendly voice i believe him,and did a money trasfer to mexico...

I'm very sorry, but you can now just color that money GONE. You won't be hearing from those thieving parasites anymore, except maybe for an occasional empty email reassurance that your funds are supposedly "coming" (tomorrow, maybe a few weeks from now, it's been delayed until next month, etc.). Please don't hold your breath while waiting.

Since you apparently sent money into a foreign country (Mexico) via wire transfer, there is now literally nothing you can do at this point to challenge, reverse or recover that payment. You willfully and voluntarily sent that money out of the USA and into Mexico and that money is now quite simply GONE. I am truly sorry for your loss.

Scammed out of more than $4000 for a wire transfer to cover SAT federal taxes in Mexico. Then they asked for another $4,000 for SAT state taxes.

10/10/11; All telephone numbers listed on their webpage are now "non-working" numbers. Contact the New York Attorney General's office to file a complaint.

Percy Corcoran Office of the New York State Attorney General 120 Broadway - 22nd floor Investigations New York, NY 10271 212-416-8721

dannyw49 wrote:

Scammed out of more than $4000 for a wire transfer to cover SAT federal taxes in Mexico. Then they asked for another $4,000 for SAT state taxes.

10/10/11; All telephone numbers listed on their webpage are now "non-working" numbers. Contact the New York Attorney General's office to file a complaint.

Percy Corcoran Office of the New York State Attorney General 120 Broadway - 22nd floor Investigations New York, NY 10271 212-416-8721

If this scam was in Mexico then you need to contact PROFECO, the consumer advocate agency in Mexico. You can search forums to find their contact info.