A plus rating and contact info

Last week, the Better Business Bureau began an investigation into the legitimacy of an Iowa-based “vacation ownership closing company” going by the name of Wade Capital Management.

According to iowa.bbb.org, “the company purports to be located at 668 19th Street in Des Moines, Iowa; however, mail sent to this address has been returned as undeliverable. The address is a 7 unit apartment building. The owner of the building states that there is no business known as Wade Capital Management operating from such location.”

Unfortunately, this story sounds all too familiar. In addition to fake resale companies and upfront-fee agencies, phony closing or escrow companies are just another way that timeshare sellers can get scammed. Looking to sell your timeshare? We can’t say it enough – do your research! Want a crash course?

The BBB and the FTC offer the following advice for those wishing to sell their timeshare:

If you have any questions about selling your timeshare, please feel free to contact us. Timeshare Broker Sales is a licensed timeshare broker and BBB accredited business.

SOURCE: BBB Warns Consumers of Phony Timeshare Escrow Service: 04/04/12. Retrieved from: http://iowa.bbb.org/article/BBB-Warns-Consumers-of-Phony-Timeshare-Escrow-Service-33650

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