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Thread: Buyer Beware: JRA Closings

  1. #1
    Senior Member
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    Buyer/Seller Beware: JRA Closings

    I used JRA closings for a resale that I sold on TUG marketplace. There was a series of errors - many more than any of the crappy "PCC" companies have had in my personal dealings. Since she came so highly recommended by members here, I have to wonder if she is having some money problems and stealing from Peter to pay Paul.

    Here is what happened.
    1.) All paperwork sent to me had my husband's name wrong. No big deal, but if she looked at the form I filled out, it was right there. She resent with the right spelling, but never acknowledged a mistake or said sorry.

    2.) At the end of the sale, she sent my check to me with a note that read, "enclosed is your check for $3,****," I don't remember the exact amount, but it wasn't a round figure and the check for $300. as it should have been. Check made out with wrong spelling of husband's name again.

    3.) I heard from my buyer several times after that saying that she was being billed the resort transfer fee, which she paid to JRA and they cashed. First, we were met with denial. "The check was sent to VRI a long time ago." After some further emails, my buyer asked JRA to see if the check was cashed and to pursue it if VRI was the one making the mistake. After that, we heard that the check was never cashed and she didn't understand why since it was attached to the transfer that she sent to the resort. Again, no apology or ownership of any type of error on her part.

    4.) It took a couple more weeks and emails, but in May, my buyer told me it was all done and VRI finally had the check from JRA.

    Silly me. I thought it was really all done.

    5.) Today, I got an email from my buyer saying she tried to make a reservation and the resort said that the check for the resort transfer fee bounced and she couldn't make a reservation until she paid $125.00 - the transfer fee, plus returned check fee. So, she paid it and is going to try to pursue the money again from JRA. I told her if she gives up, I'll send her half of the money so we can be equal.

  2. #2
    It doesn't help now but I have used timesharetransfer dot com several times and I never had any problems.

  3. #3
    Silver Contributor and supermoderator GrayFal's Avatar
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    Sorry to hear this - I used JRA for an escrow only deal a few months ago, everything went smoothly.
    Have done 5 closing in last 4-5 years with excellent service.
    I hope this was just a bump in the road.

  4. #4
    Please excuse me, I'm a Dick. Not a moron just a Dick
    Join Date
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    15,347
    Maybe they have merged with Wyndham, or Bank or America, or Comcast, or some other crappy service company.

    RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

  5. #5
    Deleted...Never mind.
    Last edited by LisaH; 07-24-2012 at 10:44 PM.

  6. #6
    Senior Member
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    Quote Originally Posted by JLB View Post
    Maybe they have merged with Wyndham, or Bank or America, or Comcast, or some other crappy service company.

    Yeah, that is probably what happened.

    I wish I didn't sell it. I feel like I've spent too much time on it and was a good trader, but JLB knows how that goes.....
    I'm just going to use brokers. If someone wants to pay for a timeshare from a broker, I'll sell, but other than that, I'll just keep all my junk.

  7. #7
    The best bet is to use a local attorney who does timeshare closings. If something goes wrong, call the State Bar and make a complaint and they will fall all over themselves to fix it. If they die on you or something, the State Bar usually also has a client security fund that will make it good. In some places you can actually get an attorney handled closing for about the same price as one of these jackleg multi-state timeshare closing companies. Of the multi-state companies, most of them openly flaunt aspects of state law, so even if you think it went well, their shortcuts to put more money in their pockets may mean an invalid deed or some other catastrophy and that might take quite a while to finally blow up on you. The only multi-state timeshare closing company that I know of that seems to actually follow all of the laws involved is PCS Holdings.

    I have seen way too many invalid deeds recorded on the OBX alone from these multi-state timeshare closing companies, and I am sure those clients thought they had successful closings, but all they really have is a time bomb. The seller may find out down the road that legally they still own that week. Or someone who paid big bucks for a prime week may find out that they really don't own it. That is a chance that I would not take just to save a few bucks with a jackleg closing company.

  8. #8
    Senior Member
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    I have been informed by the buyer that JRA sent her a copy of the cleared check. So, VRI is wrong about the checking bouncing. Now, the buyer has to deal with VRI to get a refund of the $125.00 that she paid to them.

  9. #9
    I was surprised to read about your JRA experience. I used them 5 or 6 times over the years and never had a problem. Glad it's getting cleared up.

  10. #10
    Diamond Club Contributor rikkis_playpen's Avatar
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    JRA works under a licensed Florida attorney..
    my travel website: Vacation-Times.org.

    "A vacation is what you take when you can no longer take what you’ve been taking."
    ~Earl Wilson

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