American 13 years to pay for the construction of a non-existent timeshare

68-year-old male from Tucson (AZ) paid more than $ 63 000 for a time share condominium in Mexico. Retired Terry bell and his wife planned to spend there a couple of weeks every year. For 13 years the couple contributed to the construction of real estate, which, as it turned out, not even started being built.

In 2004, bell invested $30,000 in a condominium with two bedrooms at the Grand Mayan resort on the beach of Rocky Point (Mexico). The developers promised that the property will be ready in a couple of years, which then turned into 13. All this time the pensioner was paying up to $900 per month.

As reported by Patch, the deception was uncovered by accident in 2017, the bell rang the estate agent and offered to sell a Mexican timeshare for $63 000.

«And since I paid only $30,000, I decided that double the money and is a very good deal,» said bell.

Suspicion of fraud appeared at the pensioner’s only after reports of the attorney General of Arizona Mark Brnovich. As it turned out, the victims of scammers and other arizonans here.

We recently issued a consumer alert on Mexico-based timeshare resale scams. Beware of any ad or person claiming they can get you out of your timeshare for a fee or requiring you to wire the money for things like escrow or taxes. It’s likely a scam. https://t.co/PhceC5KTEv

— Mark Brnovich (@GeneralBrnovich) March 13, 2019

«I’m not rich. I’m just a middle-class American. I worked hard my whole life to earn,» said pensioner cheated.

The Prosecutor Brnovic said that the roots of real estate scams go to Mexico, although the crooks to carefully cover their tracks of crime. In order to gain the trust of their victims, the scammers used the names of legitimate businesses in the United States, which is inactive for many years. According to Brnovich, web sites developers grief at first glance seem reliable, but actually filled with fake reviews.

«These fraudsters know how desperate some people are trying to get their timeshare and they use this vulnerability to steal their money. Never send money to people you do not know, especially in other countries», — summed up Brnovic.

Source