AEM Real Estate Co.
Complaint 168027 Details
- Date Occurred: 10/02/2014
- Reported Damages: $0.00
- Email: [email protected]
- Location: Chicago (allegedly)
- !
The complaint is against an online dating profile
The complaint is a listing fraud posted on public forums or sites against an anonymous entity
The complaint is mobile text spam or smishing related against an anonymous entity
The company or person contact no longer exists
International boundaries
This "business" is a total scam. Do not send any money.
They've only been on the web for three months. they have a "virtual" office - not a real office presence. They ask for fees that no one normally would in the course of a real estate transaction.
They are totally ripping off seniors. Do NOT send money.
- Anonymous SBID #c34df89f1e
- Posted 10/16/2014
Comments
- AEMRealEstate SBID #339ebdb29a
- Posted 10/17/2014
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The transfer fees are required by your Resort and were included in your timeshare contract, which you signed when you purchased the timeshare. If you have a complaint about these fees it should be addressed to your Resort, as it is charging the fee and specifying in both legal documents that it must be paid by the Sellers (Members/Assignors). We asked the Resort for a simple one-sentence Addendum stating that the Buyer or Seller could pay the fee. Verbally they state "anyone can pay the fee", yet they refuse to make it legal by providing an Addendum. Recently payment from a Buyer was refused, insisting on payment from the Member/Assignor, citing their legal documents (see below). The Resort will accept no other documents or modifications! Doesn’t everyone know that a phone call does not override a Contract -- only an Addendum does? Customers have also experienced the same when asking the Resort for an Addendum! We suggest contacting your Resort to obtain an Addendum, realizing that if none is provided, you must pay the fee:
While there are numerous versions of this Resort Contracts, they contain this or similar wording, usually in Clause 6 or 7 (entitled “Assignment”) of their timeshare Contract:
6.- ASSIGNMENT. This Contract can only be transferred or assigned by the Member with the written consent of the Company. Approval will be given only in those cases in which this Contract has been paid in full and all fees are current and upon receipt from Member of a transfer fee equal to five then-current Maintenance Fees. The new Member must sign a new Contract for Lodging Rights and Services for the remaining term of the original membership. The transfer fee shall be waived in the case of transfers to the Member's immediate family (parents, children and grandchildren) or heirs.
The Assignment document created & required by the Resort states:
6. This Assignment is subject to acceptance by the Seller and receipt by Seller from the Assignor of the assignment -
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Company Statistics
- Complaint Against AEM Real Estate Co.
- Complaints Filed: 9
- Reported Damages: $69,092.50
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