We were notified by First Step Funding that they had a buyer for our timeshare. WE signed a contract. We were notified that we would close on April 17th. Have not heard from them. I have sent them a registered letter . I know they have received it. Still no reply I have called them numerous time and the answering machine says they will get back to me BUT when. This is May 2nd. It's time they show a little integrity.
Out of the blue, I was contacted by John Dolan of First Step Funding, who stated he had a customer who was interested in purchasing my timeshare. I didn't have my timeshare listed for sale anywhere, so this shot a red flag up right away. But I decided to listen to see if this was indeed legit. He said he would have the customer call me to negotiate the deal. Shortly thereafter I got a call from Larry McDaniels, who offered to pay $13,500 for my timeshare near Disney. The red flag here was that he stated that he and his wife were finally in a position to purchase a ""luxury"" property. It was an unusual phrase, so it stuck out. (Hopefully I am not giving the perps hints...)
Anyway, I agreed to the purchase since the buyers were paying all the closing costs and was sent a Purchase Agreement to sign. I'm a real estate broker so I could see that it looked legal. The one thing holding up the sale was the fact that I owed back maintenance fees so there was a hold on any transfer of my unit. Here is the clincher: I was told by John Dolan that I had to pay the outstanding fees up to date in order to have the sale go through. However, instead of sending the money to the resort, I was to send it to the Transfer and Holding company. Firstly, I couldn't understand why the unpaid maintenance fees could not be taken from the proceeds of the sale, and Secondly, I didn't like the fact that I was to send the money to the Transfer company, rather than to the resort directly.
I really, REALLY wanted this to be legit, however before sending several thousand dollars out I decided to do a few online searches, and am SO glad that I did. Thank you to all those who posted about your experiences. You proved to me that my suspicions were right and this was too good to be true. I did not send the money and I urge anyone dealing with these people to pull the plug immediately! These people are guilty of conspiracy to commit larceny and felony larceny and should be prosecuted.
After listing my Disney points for sale I was called by Michael Miller who said he represented this company and had buyers...the same buyers now mentioned in TWO other reports: Larry and Michelle McDaniels. I accepted the offer and this company listed on the web and with a nice website issued a contract which was supposedly legal, signed by the buyers, required a deposit of 20% by them, and 10% by me to guarantee good faith on both sides.
This company has a web site, used the proper address in the contract, used express title and holding in florida as an escrow company, and TD bank in West Palm Beach as the account holder. All addresses and websites checked out. I wired the amount from wells fargo to TD bank and the account number provided by first step funding. The man above called with a confirmation number. Later he called to say escrow would be two weeks late.
I have called the bank once, the title company 3 times, and this agent twice. I have also sent 3 e-mail. No one responds, nor do I reach a person. No business would not respond to a client's call or e-mail after 5 business days. I feel very sad indeed that such men and women exist who live only on deceit and to trick elderly people needing to sell what few assets they have. I am 70 and on social security only now.
First Step Funding Reviews
We were notified by First Step Funding that they had a buyer for our timeshare. WE signed a contract. We were notified that we would close on April 17th. Have not heard from them. I have sent them a registered letter . I know they have received it. Still no reply I have called them numerous time and the answering machine says they will get back to me BUT when. This is May 2nd. It's time they show a little integrity.
Out of the blue, I was contacted by John Dolan of First Step Funding, who stated he had a customer who was interested in purchasing my timeshare. I didn't have my timeshare listed for sale anywhere, so this shot a red flag up right away. But I decided to listen to see if this was indeed legit. He said he would have the customer call me to negotiate the deal. Shortly thereafter I got a call from Larry McDaniels, who offered to pay $13,500 for my timeshare near Disney. The red flag here was that he stated that he and his wife were finally in a position to purchase a ""luxury"" property. It was an unusual phrase, so it stuck out. (Hopefully I am not giving the perps hints...)
Anyway, I agreed to the purchase since the buyers were paying all the closing costs and was sent a Purchase Agreement to sign. I'm a real estate broker so I could see that it looked legal. The one thing holding up the sale was the fact that I owed back maintenance fees so there was a hold on any transfer of my unit. Here is the clincher: I was told by John Dolan that I had to pay the outstanding fees up to date in order to have the sale go through. However, instead of sending the money to the resort, I was to send it to the Transfer and Holding company. Firstly, I couldn't understand why the unpaid maintenance fees could not be taken from the proceeds of the sale, and Secondly, I didn't like the fact that I was to send the money to the Transfer company, rather than to the resort directly.
I really, REALLY wanted this to be legit, however before sending several thousand dollars out I decided to do a few online searches, and am SO glad that I did. Thank you to all those who posted about your experiences. You proved to me that my suspicions were right and this was too good to be true. I did not send the money and I urge anyone dealing with these people to pull the plug immediately! These people are guilty of conspiracy to commit larceny and felony larceny and should be prosecuted.
After listing my Disney points for sale I was called by Michael Miller who said he represented this company and had buyers...the same buyers now mentioned in TWO other reports: Larry and Michelle McDaniels. I accepted the offer and this company listed on the web and with a nice website issued a contract which was supposedly legal, signed by the buyers, required a deposit of 20% by them, and 10% by me to guarantee good faith on both sides.
This company has a web site, used the proper address in the contract, used express title and holding in florida as an escrow company, and TD bank in West Palm Beach as the account holder. All addresses and websites checked out. I wired the amount from wells fargo to TD bank and the account number provided by first step funding. The man above called with a confirmation number. Later he called to say escrow would be two weeks late.
I have called the bank once, the title company 3 times, and this agent twice. I have also sent 3 e-mail. No one responds, nor do I reach a person. No business would not respond to a client's call or e-mail after 5 business days. I feel very sad indeed that such men and women exist who live only on deceit and to trick elderly people needing to sell what few assets they have. I am 70 and on social security only now.