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ken ryerson
March 18, 2010
Not Licensed-FRAUD-LIES-Shody Business Practices
Where Do I Start? In January of 2010, Amy Wilkerson(aka Amy Brooke) contacted me about my 1 bd.2bth timeshare in Maui, I had listed on the internet. She said she was the PRESIDENT/CEO of Luxxor International Group, and she had a 'APPROVED BUYER' for my timeshare in Maui...WOW! and her buyer was willing to pay...YEP...RED FLAG #1...OVER 3 times my asking price! She had them pre-approved, great FICA scores..and they wanted to buy NOW! Well, in that case, do you have another buyer for my 2 bd. 2bath timeshare in Maui, at the same location? She calls me back in a couple of days...YES I HAVE ANOTHER BUYER, and they are willing to pay...YEP...about double my asking price!OK Amy, what is the catch? Oh, it will only cost you $999 for each property!and at the end of escrow, she returns HALF OF THE FEE! Hey, not bad if I am making $25, 000 profit! OK, LET's DO IT! Amy asks me if there are any liens on any of the properties...NOPE, but we are ready to pay the maintenance fees on one of the properties. WAIT! I will call up the management company(Trading Places Inter.) and have them 'suspend' payment until escrow closes! Amy says...Wow, Amy is saving me and she will handle it! She's DONE IT MANY TIMES BEFORE! Next step, Amy tells me she is going to email me documents for me to sign..WAIT..WAIT...WAIT...so I call Amy...what is going on? "The scanner doesn't work, I will just mail them to you"...OK...you haven't heard of Kinko's or Staples?...anyway..a week goes by two weeks go by and they arrive, entitled 'Offer To Purchase Real Estate'. Both arrive, but only ONE has a signature of the buyer! Amy, what happened? Oh, I forgot, I will send them to you tomorrow...but WAIT...Amy, the documents don't have the RESORTS ADDRESS, UNIT NUMBER, PROPERTY NUMBER under the description of the property...Let's see...the resort has over 2000 timeshares, how do you know what one of those are mine? Don't worry, we will get that info when we start escrow, Amy says. Next question...Amy, I would like to pay for the $999 for each property by credit card(a little protection for me, if this thing goes sideways)...Oh, we haven't yet setup our system for credit cards.RED FLAG #2...even though their website states they accept credit cards! Next question...what is the name of the Escrow Company? Oh, we have an IN-HOUSE Escrow Company...OK??..Ok, so she has two buyers, what happens if they drop out of escrow...what happens to my $999 for each property? OH...we keep it for up to 6 Months or until we find a qualified buyer...I DON'T THINK SO Amy! How about I issue you two checks, with the stipulation that they are NOT TO BE CASHED UNTIL I APPROVE THE BUYERS CREDIT WORTHYNESS and get appraisals for both properties.! My thinking...they want to buy, but will the bank lend on property TRIPLE THE VALUE? And if they won't, are the buyers going to come up with the difference? Well, my checks will be in escrow if that happens and I will get the money back if the deal goes sideways...RIGHT? OH NO, says Amy, I have to cash the checks within 3 days and I get my commission BEFORE ESCROW STARTS! RED FLAG #3...WHAT? What happened to the good old days of EVERYONE GETS THE LOOT WHEN ESCROW CLOSES! So Amy AGREES! yes, I will hold the checks until you approve the loan apps and apprails. And I put in the agreement, that if any of the buyers fall out of escrow, I get my $999 refunded with 7 days! So my thinking is, I pay $999 to DOUBLE my investment and I get half the fees back at the closing of escrow! WOW! So with the documents and the agreement( for when to cash the checks), I send them off to Amy at Luxxor International Group. In the meantime, Amy sends me the loan apps! WHAT? these loan apps, do not have the buyers addresses, no address of the lender, and for description of the property...YEP..Resort name..no address..and a 1 bd. 1 bath...WAIT...I am selling a 1 bd 2 bath! Amy says, OH, I will send you out corrected copy(oh, I hope the scanner works)...but Amy...The lender is T.Financial Group...no address, no phone number...and I google the name...NO T. FINANCIAL GROUP! I call Amy, who is T. Financial Group? Oh, that is short for the name...the name is Tammac Financial Group. RED FLAG #4...don't you think on LEGAL DOCS, the lender would put their correct name, license number, address, phone number, etc. OK...I AM ALRIGHT BECAUSE I AM NOT OUT ANY MONEY!...WRONG...The bank calls...BOING BOING...yep, Amy gets the checks and CASHES THEM the same day. Why did they BOING...Bright Me...I held out the money until I approved the loans and I would deposit the money the same day! So, I get Amy on the phone..."WHAT? My Real Estate Agent cashed the checks?.SURPRISE SURPRISE SURPRISE...Amy, What Real Estate Agent? I thought you were handling the sale? Oh, by the way Amy...WHAT IS YOUR REAL ESTATE LICENSE NUMBER? Oh...I am 'just an employee', I don't have a real estate license..BUT WAIT! Amy, your business card plus your website has you down as the PRESIDENT/CEO of Luxxor? WHAT GIVES AMY? So this is the kicker...Amy, who is the real estate agent, escrow company and the lender? Amy's response..."I can't tell you that, it is priviledged information"! WHAT? So the Seller does not have the right to know the name of the Sellers, Escrow company and the Bank? NOW...AT THE SAME TIME...phone call to me...GUESS WHO? Yep...TRADING PLACES...Sir, if you do not pay for your maintenance fees, we will send you to collection! BUT WAIT! You know Amy from Luxxor International Group...don't you? His reply...AMY who? and Luxxor WHO?...so it was just a little late fee($250)added on...so back on the phone with Amy..now I just got done beating her verbally about not giving me info that I deserved and now I ask her...Amy, did you ever take care of Trading Places?...when you said you were going to handle it, just a couple of months ago? OH, I did, I left a message and they have not gotten back to me. DON'T WORRY Amy...they got back to me and guess what?So Amy tells me it is after 10:00pm in Flordia and she is too tired to give me the info(probably take her 3 minutes), but that she will email me the info tomorrow..Let's see...day 4 and still NO AMY...NO INFO...do you think this will work? LOL...OK everybody...before you reply...I am a SUCKER...I remember what Dad said...'if something is too good to be true, then it probably is...but I need to share this with the next person Amy and Luxxor International Group tries to persuade to swindle! Luckly I am out a few hundred dollars instead of a few thousand. Facts I found out about Luxxor International...the address on their business card and website...YEP...a postal drop box! in a shopping center! Boy, that Postal Annex had better get their copier working LOL!..and on their website they promote a B- Rating with BBB(Better Business Bureau)...well they are not a BBB accredited business. And if you scan down the page at the BBB, you will notice under 'Industry Tips', the BBB states..."a company offering to sell or rent your timeshare the BBB advises using caution, especially if an advance fee is involved."...sounds familiar...and "While these companies claim to have ready buyers or renters"...man, that sounds just like Luxxor International Group!...and just what I thought...In most real estate transactions it is the buyer who puts up a deposit and the real estate company gets its commission from the seller only after the deal closes."..but Amy said it was common to get the commission up front with timeshare sales...Amy wouldn't LIE, would she?..another little tip...if the PRESIDENT/CEO answers the phone(not a receptionist) everytime...you may want to hangup LOL!The Department of Licensing for the State of Flordia told me that a company like Luxxor will rip off some people and get out of business and start up after a few months, and do it all over again. Looks like I'm stuck in Maui for vacations. :-)Well, hope you remember...if a deal looks TOO GOOD to BE TRUE...it's time to GET OUT and RUN! LOL
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