BWV was Timeshare Closing Services
That's a back-of-house transfer agent that closes transactions for a number of closely related timeshare exit businesses whose names are constantly changing. The general business model: they pressure distressed or unhappy timeshare owners into paying an upfront fee to "free themselves from the never-ending burden of maintenance fees" or some such hogwash. What happens after that varies with the specific model. The most common is to transfer it to a "viking ship" business--it collects these deeds, never pays anything on them, ignores collections notices, extracts as much cash as it can for as long as they can, and eventually bankrupts the shell company before forming another one and starting over. Along the way, they try to sell anything that might have some value--there are a few storefronts for this, but most of the more marginal ones end up on ebay. If they sell, fine, if not no worries. The selling price is less important than just selling them, because it allows them to avoid racking up debt if they can flip the deeds quickly. They also collect the fees via Timeshare Closing Services, but that's just icing.
A few are even less scrupulous and never actually transfer the deed but instead get a power of attorney. If they are able to flip something, it will get transferred using that POA (eventually), but maybe after another year goes by with unpaid fees.
Not a chance in **** I would buy from that site without being able to pick my own title agency.
I've picked up a couple of timeshares going this route. They will not close with anyone else, and don't mind if you walk because of it---after all, selling is just a convenience, not actually something that is core to the business model.
If you know what you are doing, it can be a good deal, but you have to know what you are doing. The listings are often wrong and you have to read the deeds carefully and know how the underlying resort actually works. But, because they are so sloppy, they have to sell at a lower price to move anything at all. Caveat emptor.
The timeshare industry has more than its fair share of shady businesses as part of its ecosystem. It makes a certain amount of sense, if you think about how someone typically becomes a timeshare owner in the first place.
