Business ProfileforAccounting & Management Services
Current Alerts For This Business
Over the last few years, many companies claiming to be located in the Midwest and purporting to offer timeshare reselling services have proved to be fraudulent foreign entities with no local presence.
People who are hoping to sell timeshare properties should be aware that requests to pay money upfront are usually the sign of a fraudulent operation. BBB offers these tips to those seeking to
sell their timeshares:
* Be realistic. In regard to timeshares, it's generally a buyer's - not a seller's - market. Unscrupulous timeshare resellers may contact you claiming that your property is in demand and they can sell it immediately; unfortunately, these promises often prove to be false.
* Be Wary of Upfront Fees - Consider opting for a company that offers to sell for a fee only after the timeshare is sold. Many complaints to BBB regarding bogus timeshare resellers involve situations where people were told they needed to wire "advance appraisal fees," escrow funds or that they just had to pay closing costs and their timeshare would be sold. Never wire or transfer money to people you don't know.
* Use a Business You can Trust - Make sure the timeshare reseller you use is a BBB Accredited Business or
at the very least has a good rating with BBB. You can research businesses for free at bbb.org.
* Confirm Licensing Requirements - Some timeshare resellers will use fake addresses or PO boxes in order
to mislead timeshare owners. Confirm where the company is located and in what states it does business. Ask if the company's salespeople are licensed to sell real estate where your timeshare is located. If so,
verify this with the state licensing board.
* Get the Facts on the Figures - Find out if the business charges a commission. Do they handle the entire closing and provide escrow services? Do they charge an upfront listing or advertising fee? What does it cover and is it
refundable?
* Don't Fall for the Hard Sell or an Offer that Sounds Too Good to Be True - Don't agree to anything over the phone but
instead ask the salesperson to send you written materials; take the time to think it over and don't be pressured. You may want to have an attorney review any purchase agreement. However, know going in that BBB is aware of situations where consumers did just that and the documents were so convincing their attorneys said they checked out - when the agreements were in fact fraudulent.
*Watch out for third-party companies. Fraudulent timeshare reselling entities often associate with alleged third-party title or escrow services. Be sure to research those companies as well. If you can't find any information on
them, that might be a sign there's a problem.
Additional business information
At-a-glance
Related Categories
Business Details
- Location of This Business
- 601 Oak Ave SE, Montgomery, MN 56069
- BBB File Opened:
- 6/26/2018
- Business Started:
- 2/14/2013
- Business Incorporated:
- 2/14/2013
- Type of Entity:
- Corporation
- Business Management
- Thomas Hotchkiss, CEO
- Contact Information
Principal
- Thomas Hotchkiss, CEO
Customer Contact
- Thomas Hotchkiss, CEO
- Additional Contact Information
Fax Numbers
- (612) 454-2697Primary Fax
Phone Numbers
- (507) 322-1590Other Phone
Email Addresses
- Primary
- (612) 454-2697
Customer Complaints
0 Customer Complaints
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