Property Management
M & T Property Management LLCFind BBB Accredited Businesses in Property Management.
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Alert Details
This business has 1 alert.
Alert
As of April 18, 2019, BBB has received two reports from consumers alleging M & T Property Management reached out to them with what appeared to be legitimate offers from buyers wanting to purchase their timeshares, well above current marketplace value.
The consumers allege the business required them to wire funds to a bank account in Mexico as a part of the transaction in order to pay taxes. These consumers were told the taxes would be held in Escrow and refunded to them at the closing of the sale and were also told the company was licensed in the State of Oregon. After consumers wired payment to the alleged escrow company through Scotia Bank, they were asked to send additional funds for a municipal tax; neither one of these sales were ever completed and the consumers never received their refund.
BBB found the company does not have a required real estate license with the State of Oregon Real Estate Agency to sell or buy timeshares, nor to provide escrow or property management services. Additionally, BBB could not find a physical location in the State of Oregon, and the Portland, Oregon address advertised is a virtual location. BBB confirmed the company re-instated another company’s business registration with the Oregon Secretary of State without their permission and found the company’s website was created on June 22, 2018.
BBB reached out to M & T Property Management LLC. and is awaiting a response.
BBB recommends verifying the licensing of all real estate and escrow companies before doing business. If you are a victim of a timeshare resale scheme, BBB encourages you to report your experience to BBB’s Scam Tracker at https://www.bbb.org/scamtracker, and file a complaint with the Federal Trade Commission at www.ftc.gov.
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