Consumers report paying thousands to Silver Star Real Estate Group to sell their timeshares, but ending up with nothing
Selling a timeshare can be a risky business in today’s market. Not only are buyers wary, but the industry is fraught with scammers. Kay Craig told BBB that she felt like she was taken when she paid Silver Star Real Estate Group to help her sell her timeshare in Mexico.
She said the company asked for more than $2,000 to put the property in escrow. Then the Silver Star Real Estate Group salesman contacted her again, asking for more money to pay taxes to the Mexican government. When she refused to pay, representatives stopped answering her calls.
After receiving several complaints like Craig’s, BBB investigated Silver Star Real Estate Group. BBB found that the company’s given address in Corpus Christi didn’t exist, then, after BBB tried to contact the company, its website stopped working and its phone numbers were disconnected.
Consumers have also reported the company to several law enforcement agencies around the country and in Canada.
Read this BBB article for more about timeshare scams and how to avoid them.