Consumers warned about Davenport time share company

The Better Business Bureau is warning consumers to be wary of a time-share escrow company called North South Title that may have adopted the tactics of a another company called into question on April 4.

Consumers are told by a representative of Platinum Management Solutions from Denver, Colo., that the company has a corporate time-share buyer from Mexico who wants to purchase their time-share, according to the BBB. The consumer is then contacted by North South Title or Wade Capital Management, which claim to be the escrow agent for processing the funds and title work. They are asked by the company to wire a 10 percent processing fee to a bank in Mexico.

Once the funds are wired, the company suspends its contact with the consumer.

Wade Capital Management was the subject of a BBB warning on April 4. The BBB said that like Wade Capital Management, North South Title gives out a false address in Davenport and uses a website that borrows the same exact language and terminology as a legitimate company based in Santa Barbara, Calif.

The companies' request for a wire transfer of money is a telltale sign of a scam, the BBB said, urging consumers never to wire money to companies or individuals they don't know personally.

Efforts to contact North South Title were unsuccessful.