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Is there a reputable holiday property management company that won't scam us?
marcj26 wrote:There are NO business entities, legitimate or otherwise, which are solely "escrow companies", per se. "Escrow" is merely the holding of transaction funds by an objective, third party entity which is not otherwise directly involved in the transaction at all.....the escrow companies are reliant on scamming rental companies, but there is just as much as a reliance of our lack-of-research to be done on these companies.
By the way, in regard to your prior post (and contrary to your statement there), it's relatively easy to NEVER get scammed in the timeshare industry. It simply involves using common sense and using your head for something besides wearing a hat. If you NEVER buy from a developer and you NEVER pay an "upfront fee" to ANYONE in the timeshare industry for ANY reason, you can't get scammed. Period, amen.
But getting back to your last post, if by your using the term "escrow companies", you actually mean CLOSING companies or TITLE companies (such as First American Title, JRA Services, Timeshare Transfer, etc., which may ALSO include "escrow of funds" as a part of their services), these companies are all completely honest, well established and legitimate businesses whose "escrow" function is just ONE small part of handling closings (i.e., the legal details ownership transfers). In some instances, these closing or title entities may also serve as "middleman" between an owner and a renter for rental funds (i.e., escrow) --- specifically to PREVENT any impropriety or attempted scamming by EITHER the owner or the renter in a rental transaction.
Legitimate closing companies and title companies have absolutely NO relationship with (...nor ANY reliance whatsoever upon) those with "scamming intent", so I'm frankly quite puzzled by the meaning and / or the intended point of your post on the topic.
KC
Last edited by ken1193 on May 27, 2011 03:58 AM
ken1193 wrote:marcj26 wrote:There are NO business entities, legitimate or otherwise, which are solely "escrow companies", per se. "Escrow" is merely the holding of transaction funds by an objective, third party entity which is not otherwise directly involved in the transaction at all.....the escrow companies are reliant on scamming rental companies, but there is just as much as a reliance of our lack-of-research to be done on these companies.By the way, in regard to your prior post (and contrary to your statement there), it's relatively easy to NEVER get scammed in the timeshare industry. It simply involves using common sense and using your head for something besides wearing a hat. If you NEVER buy from a developer and you NEVER pay an "upfront fee" to ANYONE in the timeshare industry for ANY reason, you can't get scammed. Period, amen.
But getting back to your last post, if by your using the term "escrow companies", you actually mean CLOSING companies or TITLE companies (such as First American Title, JRA Services, Timeshare Transfer, etc., which may ALSO include "escrow of funds" as a part of their services), these companies are all completely honest, well established and legitimate businesses whose "escrow" function is just ONE small part of handling closings (i.e., the legal details ownership transfers). In some instances, these closing or title entities may also serve as "middleman" between an owner and a renter for rental funds (i.e., escrow) --- specifically to PREVENT any impropriety or attempted scamming by EITHER the owner or the renter in a rental transaction.
Legitimate closing companies and title companies have absolutely NO relationship with (...nor ANY reliance whatsoever upon) those with "scamming intent", so I'm frankly quite puzzled by the meaning and / or the intended point of your post on the topic.
Lenora M.
airebonei wrote:herea wrote:There are agencies who deal with reputable property managers in different states. Im not sure of the agency but a google search should find it.How true.. do your research on these companies.
If they prey on uniformed people, then become more informed!
Mike T.
I'm not sure if this is the right place to post my question. I've been scammed before finding Red Week and hope I'm wiser. I have a week at Waterside by Spinnaker (1 BR wk 16 Even years) that I've wanted to sell. I probably should have listed it on Red Week. I was visiting Hilton Head last week with a week about to expire and went to Coastal Timeshare Creations. They seemed to have a different system with face to face contacts. They list the property with Timeshared, Inc of Bluffton, SC for $296 (refundable at closing) and the company gets 10% of the selling price. I checked BBB and Coastal has an A-. Has anyone had experience with either of these companies?
Panthea C.
