Consumer Alert: Scammers posing as Fidelity National Title Services
The American Resort Development Association (ARDA) and the Resort Owners’ Coalition (ARDA-ROC) have been made aware of fraudulent activity by individuals using the names “Robert Brown” and “Lori Peck," and claiming to be an agents and/or representatives of Fidelity National Title Services (FNT). These individuals are targeting owners of Mexican timeshare resorts and claim to have an interested buyer for the owner’s timeshare interest. The fraudsters have used email addresses email@example.com and firstname.lastname@example.org as part of the scam.
“Robert Brown” and “Lori Peck” are in NO WAY affiliated with Fidelity National Title or Fidelity National Timeshare. Fidelity National Timeshare is aware of the situation. This type of “offer” is not a legitimate business practice of Fidelity National Timeshare. If you are currently working with a representative of Fidelity National Timeshare and if there is a genuine offer on your timeshare, you – as the seller – will never be asked to send money in advance.
The FBI and SEC recently issued a warning against this type of fraud that targets owners of Mexican timeshares. Here is a link to the warning: https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-alerts/fbi-and-oiea
The fraudsters typically make unsolicited contact with timeshare owners and allege to be representatives of a brokerage firm, title company or escrow agent. Here, they allege to be representatives or agents of Fidelity National Title Services. They claim to have a buyer willing to pay a significant purchase price for the victim’s timeshare interest. The transaction documents look very official. They tell the victim that they have to pay an upfront fee and wire the money into an account in order to complete the transaction. THIS IS A SCAM. DO NOT WIRE OR SEND UPFRONT MONEY!
ARDA and ARDA-ROC caution all timeshare owners to be wary of such solicitations. If you receive any such contact, ARDA urges you to reach out to our ARDA-ROC Consumer Service Team at email@example.com or (855) 939-1515.
If you feel that you have been a part of a scam, contact your local authorities to file a report, reach out to the state attorney general and file a complaint with the Better Business Bureau. ARDA encourages owners to thoroughly research any company before doing business with them. For more information about timeshare ownership and tips to ensure a safe buying or selling experience, visit ARDA-ROC’s Timeshare Resale Resource Center.