Information and Alerts

Alert

BBB is attempting to learn more about this entity. Based on a review of their website and an inquiry we've received from the public, we have reason to believe Select International Escrow Services is a fraudulent timeshare entity.

BBB warns the public that over the last few years, many
companies claiming to be located in the Midwest and purporting to offer
timeshare reselling and escrow services have proved to be fraudulent foreign
entities with no local presence. People who are hoping to sell timeshare properties should be leery of entities
contacting them saying they have a buyer for their timeshare, or those
claiming they will pay over market value to rent or buy a timeshare. People
should also 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.

*
Always be Wary of Upfront Fees - Consider opting for a company that
offers to collect a fee only after the timeshare is sold. Many
complaints to BBB regarding 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 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. Keep in
mind, though, timeshare scammers are professionals. BBB is aware of
situations where attorneys reviewed paperwork submitted by bogus
timeshare entities and felt the offers in question were legitimate -
when they were not.

*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.