New flooring in the Activities Center
New cardio equipment in the Fitness Center
Important Owner Reminder
Some of our valued BGV owners have recently reported unsolicited cold calls, letters, and emails from companies offering fractional real estate ownership exit options. Unfortunately, some of these companies are not legitimate, so we encourage you to promptly report any suspicious forms of communication to BGV’s Accounts Receivable Management Team at 888-783-8883 Ext. 3048.
Here are some basic indicators and tips from the Colorado State Attorney General’s Office to help protect you from potential scams:
- You receive unsolicited offers with promises such as, but not limited to “We have a buyer for your ownership” or “We guarantee you will make a large profit on the sale.”
- The reseller or transfer company only uses a PO box or other mail forwarding service and won’t provide a physical address.
- You are asked to make an immediate and/or up-front payment by wire transfer, money order, or prepaid gift or money card.
- Refuse to pay for appraisals, inspections, or other services – scammers use these to avoid state prohibitions on collecting up-front fees and these services are rarely needed to complete an ownership resale or transfer.
- The offer suggests an upcoming significant increase in association dues, or other expense increases.
- Be wary of any solicitation or offer of purchase that requires you to use a resale, transfer, or escrow company of the buyer’s choice.
We recognize that there are times when an owner needs to exit their fractional real estate ownership, and are pleased to offer the following safe and responsible exit resources: https://www.bgvgrandcentral.com/resources/ownership-transfer/. In addition, please feel free to contact BGV’s Accounts Receivable Management Team at 888-783-8883 Ext. 3048 if you need further assistance.
