The documents sent to me contain a number of glaring red flags that should always serve as potential warning signals to consumers. The company letterhead does not contain a physical address, and the letters themselves are poorly written and lack proper capitalization in many instances. While these clues alone do not prove that the company is a scam, they are often indicators of concern.
The purchase contract used by this group is another example of a poorly crafted document. Again, there is no identifying information of the company or brokerage which is part of the transaction, there is no identifying information about who the promised buyer will be, and the signature lines do not state the identity of the parties executing the document.
The contract contains instructions that the buyer (who is never identified) must supply a binder deposit while the seller must provide an upfront payment equal to the claimed closing costs (which also are not disclosed in the document) in order to "...makes both parties 100 percent vested in the completion of the sale/closing as soon as possible..." I have to assume that this statement is intended to explain to the target of the scam why they were asked to pay an upfront fee.
As we move down the document more errors are readily apparent. One error which is common, is the use of an incorrect term to describe an every other year timeshare ownership. The document indicates "bi-annial odd" which is not even a real word.. Bi-annual is the term that is often used incorrectly by scammers, and is not correct because biannual actually means twice a year. Biennial is the correct term and means an action occurs once every two years.
There are many other grammatical mistakes on this one page contract. This may be the most poorly written document I have ever seen!
The final clue, and what is the most telling of a timeshare scam, is the hugely inflated sale price that is promised to the timeshare owner. This contract states that the buyer is paying $20,000 for an odd year usage two bedroom villa at Mystic Dunes resort in Orlando. A quick look at the timeshare classified website MyResortNetwork.com shows annual usage weeks at this resort priced as low as $450!
For consumers, caution is always necessary to avoid most timeshare scams. Not all potential scammers are this obvious or uneducated. Double check everything possible- and NEVER PAY ANY TYPE OF UPFRONT FEE to sell or liquidate an unwanted timeshare.