This company claims to be a reseller of timeshare properties. If you have a timeshare already listed for sale through another means, they find it and have a "buyer" call you and make you an offer (usually quite high — too good to be true!), then the "buyer" has you contact their "representative" at LMP. It all sounds very legit — they send you documents with the buyer's information, a letter stating that the buyer has been pre-approved for the sale amount, and a contract stating that each party is to wire 20% of the purchase price for a security deposit to be held in escrow; if either party backs out, the other party keeps the entire security deposit.
The scam is that the company that they want you to wire the deposit to is not a title company or escrow company at all.in a weeks' time LMP gave me 3 different names and account numbers to wire the deposit to. I couldn't verify the existence of any of them as a title or escrow company, and in fact two of the names used the same address — which happens to be a single-family home currently for sale in Valdosta, GA! I couldn't even verify the existence of the "buyer" — the address was actually an apartment currently for rent in NY, and a different person answered the answering machine when I called (which is probably why when I offered to call her back she promptly said "no, I'll call you back".
There's nothing on file for LMP with BBB, but BBB claims they just became aware of this company in May. When I questioned the LMP representative about them being a new company, he promptly changed the subject. He couldn't give me a satisfactory answer to any of my concerns; he just kept saying "do you want to sell your timeshare or not?" I'll be interested to keep an eye on this website and BBB to see if anyone else has the same experience.
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