A new cold calling Timeshare resale company seems to have seen the light by the name of DTS Holidays Madrid.
As the name suggests they claim to be based in the Capital of Spain on the following address: Calle Mayor 22, 28013 Madrid.
Contact numbers Telephone a Spanish mobile: +34 602 408 611 and Fax: +34 911 811 419
E mail address: firstname.lastname@example.org
Once again we are looking at a Cold calling company, who claims to have buyers lined up for the timeshare week of the owner who receives such cold call.
DTS Holidays Madrid does not seem to have a website though to advertise the timeshares for sale and neither are they registered at the Spanish Companies House. They actually do display a couple of registration numbers on their paperwork, but these all seem to be none existent.
After the initial cold call, DTS Madrid sends over the draft of the sales agreement to the Timeshare owner.
In this sales agreement it becomes soon clear that they are expecting the Timeshare owner to pay a 9% security bond over the agreed sales price. As DTS Holidays Madrid is supposedly selling the Timeshares for a substantial amount, the 9% soon adds up a couple of thousand euros which they supposedly would transfer into a fiduciary account.
Upon completion of the sale, the security payment will be refunded. Strangely enough these companies never seem to mention what happens to the money if a sale does not complete…
Cold callers are not to be trusted and when you add this up to the fact the company isn’t registered and they are asking for an upfront payment, all we can do is recommend not having any dealings with these companies.
If you have been cold called by DTS Holidays Madrid from 602408611 for a sale of your timeshare, please do let us know.
Our email address is email@example.com or simply place a comment on this blog.