Buy, Sell, & Rent Timeshare Condos
 
A reader submitted the following scam alert about a possible version of the Mexican timeshare tax scheme:

"... It's the Mexican tax scam. Mid-West Global Advisors contacted us with an offer to purchase stating they had a buyer. We were contacted by Continental Escrow Co. with the paperwork. They called us back saying Mexico required taxes to be paid. I said to take them out of the closing costs. He said that was impossible. We declined to continue the sale. .."   Deborah K.

If you believe you have been victimized by this group, please report the crime at http://www.ic3.gov/default.aspx.


 


Comments

Karen Glover
07/27/2014 12:29pm

We had the exact same thing happen. DO NOT engage with Midwest Global Advisors or Continental Escrow Company. Both organizations are scams and have no intention of helping you sell your vacation club. They sounds nice enough on the phone but they are just trying to get your money.

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John Buckelew
07/30/2014 7:39pm

Same thing happened to me. Said they guaranteed a purchaser and offered to pay nearly twice what I paid for my property, BUT, I would be required to pay 1/2 of the Mexican taxes prior to closing to Continental Escrow Services. They also told me their purchaser client was Wyndham Hotel. This is a scam. Do not send any money to people you do not know! I am notifying Wyndham Hotels as well.

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Sue Kofet
09/02/2014 1:30pm

Thank you John Buckelew. Exactly what happened to me. All sorts of red flags went up when I was contacted in May. As of a week and half ago they were still contacting me to sign the contract. Wouldn't tell me the federally approved company for the wire transfer of the taxes until I signed the contract. Needless to say after doing the investigating, I'm not signing anything. PLEASE BEWARE!

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