Hello,

Cease all communications with this "company." If you have given them any personal identification information about yourself, take all precautions against identity theft.

Americorp Financial Investment is almost certainly a bogus website flung on the web, in order to make them look credible enough to steal people's money. First of all, the timeshare reseller industry is loaded with fraudsters. The timeshare market is badly depressed in this economy and timeshares are almost impossible to get rid of. Most people who manage to sell theirs do so at a loss. So if you get a call or an email from a reseller with a very attractive proposal, the odds are very high that the company is not on the level.

Further, a timeshare sale is a real estate transaction. No money is required to be paid until closing. So if they are asking for money up front, that is a big sign that they are scamming you.

Finally, I have located their site on the web and found out that the "business" is only 2 weeks old. (see whois). Generally, the shorter the time that the website has been around the greather the likelihood that the site is a fraud and that it's up there only to allwo them to make some quick hit and run thefts before closing down the site and opening up again under a new name.

AFI is not known to the Better Business Bureau, and while there is a business by that name registered in Nevada with the Nevada Secretary of State, they have not filed anything with the state other than the initial registration. (See link) There is no real address for this company. The office is a virtual, not actual and the principals in the company only have a post office box.

I can't say for sure that AFI is a scam. It has set off big alarms, and I'm leaning strongly in that direction.But what you want is a solid company with a visible successful independent track record, and this company just isn't it. It's got no web history and what little can be found is pretty fishy.

This is an area which is loaded with scammers preying upon people who are desperate to get rid of a big drain on their finances at a tough economic time. The Federal Trade Commission has been warning consumers about the various scams in this area. They have a very helpful article where they help you ask the right questions and know when you're getting the right answers, when you are evaluating a company of this type. If you read this and familiarize yourself with what you have to know and do first before you contract with a timeshare reseller, you should come out of the deal okay. (see link for article) But you do not want to pay an upfront fee unless you are 100% certain that you are dealing with a reputable business.