| PREMIER PROPERTY |
| PREMIER PROPERTY LTD Kevin Chapel TIMESHARE SALE FRAUD Kansas City, Missouri |
| 13th of Sep, 2011 by User164443 |
| This is the same scam as this by Bayside Management Group from San Francisco: BACKGROUND I was contacted by Premier Property in August 2011, with an offer to buy our Timeshare Property we own in Mexico. We entered into a contract where they had a buyer for our TimeShare in the amount of $7, 780.00 USD. I was skeptical about this, however they were not asking for any fees or commissions until after we were paid. They provided me with documentation on Banamex letterhead that an escrow account had been established in my wife & my name in the amount of $7, 780.00 USD. I called the Banamex bank in Mexico City and spoke with an escrow officer by the name of Marina Bernal and she confirmed what the letter said and what Premier Property was telling me. Right prior to scheduled funding a request came from Premier Property that we were required to pay an Mexican Federal Sales Tax which would in fact would be added to the sale price. They provided me with documentation supposedly from the Mexican Government noting that this tax was due and known as “SAT taxâ€. So again I called the Escrow officer in Mexico to confirm and she reinforced what Bayside management was telling me. I also requested a letter from Premier Property guaranteeing that they would be responsible to reimburse me for the tax fees should somehow this transaction not take place. They did not provided me with such a letter. |
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| I had the exact same experience. this company is a SCAM. Avoid, Avoid, Avoid. I could not see the complete posting. Could this poster let me know how to contact him/her. Is there any way to proceed to get "tax" money returned? |
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Experience the identical scam. In discussions with Kevin Chapel CEO Premier Properties.
Was instructed to release tax amount prior to any closing. Escrow account allegedly set up by buyer proved to be a fraud. Bank had no knowledge of this account.
bud80ok |
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CAUTION AVOID CAUTION AVOID
Kevin & Derek approached me to sell 2 of my time shares.They followed up on every e-mail answered all my questions, in fact it seemed too good to be true.They even gave me 2 people to call for references.. They offered me a really great price and then at the last minute before closing the deal they called and told me I had pay the property taxes up front to the Mexican Government.
All seemed OK until I realized the recipient of the tax payment was private individual and not an official Mexican Tax Dept.
Then I did some more home work and thanks to people like you who posted info I realized it was a scam.
After confronting them..I have not heard a word from these pro SCAMMERS and professional THIEF'S.
CAUTION CAUTION CAUTION CAUTION Posted by a now WISER CANADIAN |
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“I was contacted by Premier Properties to sell my timeshare in Puerto Vallarta, Mexico. They claimed to have a buyer at a price of $29, 680. My husband and I received a sales contract which stated that we would be liable for a 5% commission AFTER the funding of our sale. We were not asked to divulge any private information other than our legal names, address and the information pertinent to our timeshare ownership. We signed and returned the contract. On 9/19/11, we received an email which contained a request for our bank information (for wiring the funds to us), a letter from Banamex (a bank in Mexico) stating that a guaranteed deposit account had been set up which includes the funds from our buyer, and a tax form from the Mexican Goverment stating that we would have to pay capital gains on the sale in the amount of $3, 231. In a phone call yesterday with “Jeremy” of Premier Properties, I was advised that our escrow could not be released until this amount is paid. He gave me the name of Martha Bernal at Banamex to verify all the information and stated that she would handle the transaction for us. He told me to call her and she would give me wiring instructions on where to send the tax payment. I told him that I would be glad to pay any tax AFTER I received the money from the sale. Fortunately, I had done some research and found that this is a pretty common scam. I have not paid any money, but wanted to report this for investigation to try and stop other people from falling victim to this company. Their communications were very friendly and extremely convincing, the documents look authentic, etc. I think it would be easy for someone to be lured by the potential large payoff.”
(FYI - The above complaint was registered today with the Federal Trade Commission and the Internet Crime Complaint Center.) |
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Well...I was also approached by Dereck Cohen with a great offer to buy my timeshare. Since there were only 4 weeks remaining I agreed to it. I went through the whole process with them. I signed an agreement even a Sale of Timeshare and was ready to continue. Then something told me to check out the company and I found all of these postings. I called Dereck Cohen several times and have not heard back from him. I emailed him and no response. So I am not going to hold my breath. I did contact my resort about all that has transpired and they assured me that no transfer would take place until I signed the release form with the resort and paid a transfer fee directly to the resort. Thank God! I am going to register this myself with the Federal Trade Commission and the Internet Crime Complaint. I don't understand the greed that comes with all of this. Shame on them!
A Greatful American. |
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I happened to be related to Accountants, Real Estate Agents, Attorney's and Notario's in Mexico. All of them stated that Capital Gains Tax is not paid until the proceeds from the sale have been deposited into your account. Nothing is paid in advance! And since the Sale of a Timshare is actually the Sale of a Membership and not a piece of property, very little tax is charged! Here is another bit of information, the tax is not paid to a Bank it is paid to a Notario and that's if you even owe any tax! Everyone please take caution.
Avoid these type of Scam Artist! Caution! |
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Same thing happened to us. I'll have to say they are very smooth - I first dealt with Derek, then as I write this am waiting for a phone call from Kevin, I assume to give me the final "wire instructions". I had even checked with the Better Business Bureau in Kansas City and found there was no record of complaints. I thought I'd try a different search using Kevin's name, and this page came up. I would certainly never send money prior to a closing - however, I'm sure because of the way they present themselves, people who are desparate to sell their time shares follow their "instructions". I was more than suspicious from the beginning, but was curious to see exactly what the catch would be. Now I know. I also forwarded the link to this page to both Derek and Kevin. Bet I never get the phone call.
Very puzzling about the BBB in KC. I think I will be giving them a phone call to see why they show no record of complaints on their website. |
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| I was not so lucky...we received a call from a Derrick at Premier Properties and not finding anything negative at the BBB we did go forward with all the supposed sale and in fact wired money to Mexico for state taxes. It was not until we received a request for another tax payment that I googled Kevin Chapel's name and found this information. Do not be fooled by them. This is a scam. |
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