SusanTyler101517
newbie
- Joined
- Feb 24, 2020
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- Resorts Owned
- HGV Orlando Parc S.
My husband and I bought a 3,400 points timeshare almost a year ago directly from HGV ( I know, I wish I had found this site first, and we didn't do our research which is our fault). During the meeting with the saleswoman I specifically asked her what the resale value would be- she assured me that it was around what we paid for it, and we signed after that. That was the only thing holding me back- it was foolish of me to trust the salesperson. We've paid on it for a year and even took a vacation with it this year but LIFE happened- I got laid off and we are getting ready to have our first baby. So, financially we thought- its time to sell this thing so we can be free of the monthly payment. Of course, now that we've looked into selling it, we realize we we were flat out LIED too, and we are currently stuck with an 18k loan. HGV quoted us resale value between 2k-4k.
What should we do? Is there any negotiating with this company because of unethical sales practices?
We are thinking about taking out a HELOC to just flat out pay off the timeshare- we'd owe the money anyway eventually, but it wouldn't be at 18% and we could possibly deduct the interest we pay on it. Does anyone else have any bright ideas? Thanks in advance...
What should we do? Is there any negotiating with this company because of unethical sales practices?
We are thinking about taking out a HELOC to just flat out pay off the timeshare- we'd owe the money anyway eventually, but it wouldn't be at 18% and we could possibly deduct the interest we pay on it. Does anyone else have any bright ideas? Thanks in advance...