DannyTS
TUG Member
- Joined
- Mar 24, 2018
- Messages
- 5,753
- Reaction score
- 3,076
- Points
- 348
"While Marriott, First American, and others have profited greatly from sales of the MVC Product, purchasers of the MVC Product continue to suffer the consequences of the deception. For one, MVC Owners are deprived of any of the benefits of real-property ownership while shouldering all the burdens, costs, and fees as if they had such title. Moreover, purchasers continue to suffer harm as a result of Marriott's opaque and discretionary point-valuation process, which results in significant dilution and lacks any reliable metric for tracking their so-called beneficial interests, as well as Marriott's unfettered process of adding and restricting access to properties in the underlying land trust."
Hard to argue that the developers are the main beneficiaries of the point systems
Hard to argue that the developers are the main beneficiaries of the point systems