dononlake
TUG Member
My wife & I were in Puerto Vallarta in early January, and bought into a Private Residence Club named Puerto Bahia Villas & Spa. We were told we would receive 1 week at the resort each year, plus 3 additional weeks through RCI each year. We put down $15,000, with another $12,000 due February 5th. Since returning home, I have read several articles on the internet (most a year or so old) indicating that Puerto Bahia is unable to convey clear title to the property. Our salesman Todd Dehn, also told us that we could relinquish our weeks to Mercury Property Mgt. in St. Louis every year for 5 years, and receive $2,600 for each week we surrendered, however there is a $799 upfront fee to do this. Mercury, will also supposedly sell our 2 timeshares we currently own for $22,000. We are very dubious about these claims, and deeply regret ever buying in the first place. I called RCI to verify the number of weeks we have, but they don't have us in their system yet. They said Puerto Bahia is a Gold Crown Resort, their highest level resort. We were also told we would be able to stay in high end resorts in the Registry Collection, but RCI hadn't heard of this. I plan to contact a Mexican Law firm in PV, that I read brought criminal charges against Puerto Bahia for fraudulent & deceptive practices in October 2011. I'm now wondering whether we should tell American Express to block the final payment due February 5th. Any suggestions would be greatly appreciated....