Prestige Property Consultancy

Has anyone dealt with this company for Timshare Rental. They are offering $19000 for renting my five weeks over the next 5 years. They want 18% (mexican taxes) and 5% commission paid upfront. Please help.

This has a 99.999% probability of being a scam.

Why should you pay a commission before receiving the rent? Why can't the agent take its fee out of the rent when (if?) the rent is ever paid? Why should you pay the tax to the rental agent rather than the taxing authority -- in advance?

Search this index for "upfront fees"; then, run away from these scoundrels.

[Threads merged]

Has anyone heard of this company or dealt with them. The are supposedly the escrow company that is holding the deposit from the renter who bought 5 of our weeks. The issue is that the selling company wants me to pay mexican government taxes first before they would issue me a check. Please help. The company is Prestige Property Consultancy.

Did you "sell" your weeks or "rent" your weeks?

Did you agree to escrow?

Do yo have a contract?

You asked the same question on this thread, except there about the company supposedly renting the units; now you come back and ask us about the supposedly independent escrow agent:

http://www.tugbbs.com/forums/showthread.php?p=883504#post883504

If this deal is truly on the up and up (and I doubt that it is), why wouldn't the rental agent permit the escrow agent to pay the tax?

I am substantially certain that the "escrow" agent is the same person as the rental agent (or an affiliate); someone is using the artifice of an "escrow" to try to get an upfront fee from you.

Don't fall for it.

If I read this correctly, you are about to pay this company $4,370!

5% commission + 18% tax on $19,000.

This is clearly a scam! You will never get paid! If they have your $19,000 in escrow why don't they just take the $4,370 of of excrow??? -

Because there is no buyer and there are no funds in escrow!

If you have already given them your credit card number, you need to call your credit card immediately and dispute the charges!!!

If you haven't given them your CC number, you need to cancel this deal - if it's too good to be true - IT'S NOT TRUE!

I too have been approached by Prestige Property Consultancy (PPC) for rental of my Mayan timeshare property in Mexico. They stated that they would get a 5% commission from both the renter and the owner (from the owner only after the owner has received payment in full). There was no mention of Mexican Taxes. Is this company legit? Anyone had any dealings with them...good or bad?

Did you read the other posts in this thread? ANY company that charges you a large upfront fee is a scammer - don't do it!

The following is posted online at
http://ultimate-vacation-network.pi...er-deal-never-went-thur-20100112167519/1.html


12. Written by WWD, on 01-06-2010 13:07

Heads UP!! New set of players!!!!

Prestige Property Consultancy, 103 Bulifants Blvd, Williamsburg, Va. Do NOT occupy this address per leasing agent. Represented by Nora Monroe, aka Emma Barret; and Cory Jones, aka, Cory Reed.

Elite Escrow Management, LLC, 485 Massachusets Ave, Cambridge, MA. Do NOT occupy this address per leasing agent. Represented by Jason Edwards, aka, Jason Berad.

Caught on after $992 was processed by Elite through Puerto Vallarta merchant Ultimate Network by Santander Bank. Filed immediate dispute with my credit card company--hopeful all will turn out OK. Plan to file complaints with AG's of MA and VA.

Stay away from these guys. They are full of it. I am in the middle of a mess that my aunt got involved in - she's given so much money to them and they promise it will all be reimbursed along with the fat amount of cash she is supposed to get for renting her property. If it sounds too good to be true it is. We have to work with the credit card company to get her money back and hopefully it will work, but what a pain! Once all is said and done, then perhaps a complaint on the BBB will happen. Such a scam. She has had all the things happen that are described on this thread. Beware! Actually RUN!