Resale fraud has reached epidemic proportions as these con artist appear to be obtaining owner's lists for various resorts, and are systematically targeting owners of these properties with cold call schemes that at first promise no upfront fees, but later demand thousands of dollars in fake transfer fees and closing costs. In fact, the Better Business Bureau recently specified Mexican timeshare fraud as one of the top consumer reported scams of 2011.
In general, demand for Mexican timeshares is at an all time low- both for resales as well as rentals. Many timeshare properties can be difficult to even give away in the current market. Possible reasons for this include the worldwide economic recession, continued negative press about illness and drug violence in Mexico, and increased reports of extremely aggressive sales tactics being employed at some timeshare resorts.
If you own a timeshare in Mexico and are considering selling, your first step should be to contact your resort's member services department to learn what the actual transfer process and transfer fees are to change ownership from one party to another. This simple ten minute phone call can protect you from the vast majority of Mexican resale schemes that are currently targeting consumers which involve vastly inflated transfer fees as well as fake transfer taxes. You can find the phone number for your resort on the last maintenance fee bill you've received.
And finally- never pay any type of advance fee to sell your timeshare. If you are being promised a large net proceeds after closing, a true escrow agent will simply deduct any seller fees or expenses from the buyer's funds- and never require an owner to directly pay any type of fee. Think of the process in the same mindset as a residential real estate sale- unless you are upside down and have to come with cash to closing, any seller fees or broker commissions are simply deducted from the overall sales price and are paid out at closing AT THE SAME TIME YOU AS THE SELLER ARE PAID!
And as always, if you are approached by what you believe to be a fraudulent reseller or timeshare scam operation- please take the time to submit a possible timeshare scam alert through Vacation-Times.org and help warn others!