I visited the website for the closing agent. A few issues with the website immediately set off my personal "something smells" alarms. First and most obvious- there is a grammatical error on the title of the webpage.. "Where transferring your timeshare easy". This is never a good sign.
Two other statements that don't ring true to me are that they company has more than two decades experience and performs more than 1,000 closings each month. I have been involved in resales for more than fifteen years now and I have worked with most of the respected closing agents in the industry many times. If this closing company truly handled more resale closings than any other closing agent in the industry, it seems strange that I've never heard of them.
When you look at the bottom of the webpage, you'll also see where they list the copyright date as 2008. While this may be possible (for example, some of the articles posted on my website were documents I wrote as far back as 1990 with pen and paper- and then posted them to the website almost thirty years later)- it is still a reason for concern since the website domain shows as just recently purchased. Registered Through GoDaddy.com, Inc. Domain Name: closingservicesonline.com Created on: 1/5/2011 1:18:13 PM
The address used is 101 Convention Center Drive, Suite 700 in Las Vegas, Nevada which appears to be a drop box for virtual businesses and not a physical address. This is another issue that can be a big cause for concern. While there are many legitimate businesses that use these "timeshare" offices and post office boxes- there have also been many cases of fraud involving these same facilities.
Finally, I contacted a major title company located in Vegas and asked a representative to confirm if they had heard of this other local closing agent. They had not! Again- if this company was handling more than one thousand closings each month (especially in the current market), it just seems strange that they are relatively unknown.
If you are currently involved in a transaction involving either of these companies, I would urge extreme caution. If you believe you have already been the victim of fraud, please take the time to report the crime to the FBI internet crime division at http://www.ic3.gov