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Just joined Bluegreen yesterday. Was this illegal?!

Discussion in 'New to Timesharing? Look Here!' started by Jbess1985, Aug 11, 2017.

  1. Jbess1985

    Jbess1985 Guest

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    EDIT: Title should say BG(Bluegreen), not BY.

    Hi all!

    Sorry if this does not come out perfect. As I'm pumped up and typing on my cell phone.

    My wife and I signed up for BG, here in Myrtle Beach. We said no before going in, but of course got sucked in.

    We were given 8000 biennial for $12000. So 4k points a year. They showed us examples on how to spend the points in Aruba and the beach at prime times and the bonus time seemed awesome. We also got an extra 4k points for putting us in a crappy hotel. Was never told we can only use that in the off season.

    Well, once we got the book, no one ever told us about the colored seasons. With our points, we can never take a trip in the red seasons. Also, with plat., gold, silver members, they will always have first pick of reservation, so I practically have no chance to get anything.

    Either way, we are stuck on what to do, we feel like we could sell trips or just use it in the off season and hopefully get lucky on bonus nights. But is that all really worth 12k, plus the maintenance fees?

    Ok, so here is my LEGAL question. When we were in the back room, being recorded, going over the contract, we came upon the credit application. The lady asked my wife first. Where do you work? How long have you been there? How much do you make? Now she gets to me and asks, Where do you work? How long have you been there? She never asks me how much I make, which my wife and I thought was odd, but did not think anything of it at the time, since everything was moving so fast. So after she fills out the credit application for us, we sign it.

    Now fast forward to last night when we get back to the hotel. We look over ALL of our paperwork. And we get to the credit application and where it has MY income, which was BLANK when I signed, it now says $45,000. I never said I made that amount. I actually make $60,000+, so no one would have said $45k. They wrote that in AFTER I signed that paper. Is this legal?? My wife is a contract specialist for the Goverent and has her master's in contracting, but we are still unsure, since this totally different and is a credit application, which is typically considered a contract.


    Sorry for the long post. Hopefully it all makes sense. Any help is much appreciated!
     
    Last edited: Aug 11, 2017
  2. rickandcindy23

    rickandcindy23 TUG Review Crew: Expert TUG Member

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    You need to just rescind. First, there are some nice resorts in Myrtle Beach, and some are free to buy and trade very well through II.

    Rescind and sent the rescission letter via USPS, return receipt requested, so you get the proof of receipt.

    Nothing timeshare salespeople do surprises me. I am unsure if that is legal, but it doesn't matter because you way overpaid.
     
    mpumilia, WackyLucy and TUGBrian like this.
  3. sue1947

    sue1947 TUG Member

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    You came to the right place. Take a deep breath and then:
    Rescind your purchase. You have a few days to do this. Then take your time and investigate timeshares. You can buy on the resale market for pennies on the dollar. Check out Bluegreen or all the other systems to determine what you want. Take your time to make sure you get what you want. If you decide you want the same deal again, they will be happy (ecstatic in fact) to sign you up again.

    How to rescind: keep it simple. Find in your documents the address; it may be hidden, but it's there someplace. Write a simple letter stating you are rescinding the purchase and send it off. Done. Don't take any phone calls or talk to the salespeople. The general rule of thumb is to assume all sales pitches are mostly lies. Ignore the sales people of whatever system you end up with and focus on the timeshare itself.

    Sue
     
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  4. Jbess1985

    Jbess1985 Guest

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    Ok, we will do that.

    Can you tell me what I should have received for the price I paid. I figured it was too little for what we paid, but we are new to timeshares and don't know what the value of points should be.

    Total cost: $13,050 (forgot about the down payment)

    Total points. 8k bilienial, 4k a year
     
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  5. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    Timeshares today re-sell for from $0 to about 10% of their developer price. Just write simple 'We wish to rescind' letter. Both of you sign it. Send it to the business office (not the resort) by USPS Certified w/return receipt. Include a copy of the signature page for ID purposes. You will get back all you paid and be released from the obligation. I don't know exactly how much time you're allowed in South Carolina, but you should send it as soon as practical. Monday would not be too soon. Or Saturday if you can manage it.

    THEN come back and we'll turn you into an EDUCATED shopper.

    Welcome to TUG!

    Jim
     
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  6. Jbess1985

    Jbess1985 Guest

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    Jim,

    Thank you. It's 5 days in SC. So we will get this done ASAP. And we have been looking in Tug and can't believe how much money we can save by purchasing from here. Amazing. Thanks again.
     
    taffy19, TUGBrian and rhonda like this.
  7. TUGBrian

    TUGBrian Administrator

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    congrats on finding us in time and saving 13 grand!
     
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  8. WackyLucy

    WackyLucy Guest

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    Doesn't matter --- rescind this mistake of a purchase immediately. You're paying far too much for far too little. Get out now while you still can.
     
    Last edited: Aug 12, 2017
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  9. pedro47

    pedro47 TUG Review Crew: Expert TUG Member

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    Just rescind. Stop do not pass go. Rescind asap. Good luck.
     
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  10. geist1223

    geist1223 Guest

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    As for the question you asked about some one completing the form after you signed IMHO and without giving any Legal Advice - it is most likely in violation of several State and Federal Laws.

    You said they Recorded. This is interesting and is the second time I have read about such practice over the past couple of months here on TUG. I doubt that they offered you a copy of the Recording.

    So for reference for all that read this Forum if you are being recorded at a Timeshare Presentation:

    1. Always demand a copy of the Recording.
    2. Just before you sign state very clearly - All verbal representations, promises, etc made by any Agent of the Seller are hereby incorporated by reference into this written Contract as though fully set forth herein.

    In fact even if you are not recorded you should write into the Contract just above the signature line something similar. Then see how fast they tear it up.
     
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  11. Egret1986

    Egret1986 TUG Review Crew: Expert TUG Member

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    Thank goodness you found TUG in time to rescind! Way to go!
     
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  12. LannyPC

    LannyPC TUG Member

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    Another option that's available to you, and highly recommended if you are new or unsure, is to start out by renting a timeshare from a current owner. You can probably rent for about the cost of (or maybe even less than) the MFs. It will give you an opportunity to "try before you buy". There is no buy-in cost other than a $15 membership on TUG or Redweek.

    There are other advantages such as not worrying about your timeshare if you no longer want it or if you die. If you could read some of the seemingly desperate posts we see here often on TUG from owners who want out of their timeshares or relatives of deceased (or soon-to-be deceased) owners, you would understand what I'm getting at.

    Anyway, after you rescind, take your time to research and explore your options before even accepting a free timeshare.
     
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  13. Jbess1985

    Jbess1985 Guest

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    Once again, thank you all for being so helpful. Such great people here, willing to offer solid and sound advice.

    One last question. Should I return the books by mail or in person? I have a feeling, it's going to be the mail option, as it's been suggested to stay far away from them.
     
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  14. gypsygirl1

    gypsygirl1 TUG Member

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    Definitely rescind. Sometimes there is a form included in the purchase packet. In CA, you have 72 hours to rescind - don't know about other states. As for the "fill in the blank" stunt, I would report them to the Attorney General in the state in which you made the purchase. These sales scumbags need to be reported. Glad you're going to get set "free" from them. The deals on TUG are great.
     
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  15. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    I suggest sending their promotional stuff back by the cheapest means that will give you a receipt for mailing. (Postal periodical?)
    If they gave you any goodies for attending the presentation, keep them as a gift.
     
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  16. Nicki

    Nicki TUG Member

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    I am so glad you found your answer on TUG. I have been a member since 2005 and have learned so much. I have purchased many timeshares - all on resale thanks to TUG. If you are still looking for BG points, I have some which I will sell for a penny plus closing costs. I bought them on resale and have had great luck with using them, but sadly cannot travel so much anymore.
    Nicki Ruiz
     
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  17. Janann

    Janann TUG Review Crew: Veteran TUG Member

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    The side topic issue of "creating" an annual income figure is interesting. I wonder why they did that? Is it because they don't want to risk having you answer with a low figure, and then not qualify for the loan? Or is it that they get a higher interest rate on the loan with more of a mid-level answer? Just hypothetical, maybe the interest rate is 5% higher for a mid-level income than a high-level income. Who knows.
     
  18. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    Doesn't everyone qualify for timeshare credit? Do they even pull a credit report? There is no underwriting involved as far as I know.
     
  19. hudshut

    hudshut TUG Member

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    Here is a recent sale on ebay:
    http://www.ebay.com/itm/10-000-BLUE...018465?hash=item2a878135a1:g:28EAAOSwjL5ZE1gm
     
  20. Janann

    Janann TUG Review Crew: Veteran TUG Member

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    I would think that they at least pull a credit report. If someone had a FICO of 500 and was therefore at high risk of defaulting on the first payment, why would the lender bother with the transaction? Maybe the timeshare company and/or lender keep the down payment (if any). If you're going to lend someone $10,000+ unsecured, the lender would at least want to know what the risk level is on the overall lending portfolio. If there were no scores or underwriting, the risk level of thousands of loans in a $20 million+ portfolio would be completely unknown.
     
  21. Jenbo79

    Jenbo79 Guest

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    Can't find the address to rescind? Need help.
     
  22. dougp26364

    dougp26364 TUG Review Crew: Veteran TUG Member

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    You can do a google search for their corporate address, sales and marketing address and to the location you made your purchase. Send a copy of the letter to all of them certified mail.

    We had friends who purchased at Westgate once. They decided to rescind but, Westgate had “conveniently” removed that page from their copy of the documents before giving it to them (we both searched page by page).in the end we sent the letter to their corporate sales office and the sales office they purchased at in Gatlinburg. That worked for them
     
  23. Jenbo79

    Jenbo79 Guest

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    Yeah, they didn't add it to my page and then called me as I was checking out to sign it and I forgot to take a pic of it bought in Myrtle Beach, SC. Thanks
     
  24. bogey21

    bogey21 TUG Member

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    I'm guessing they just forgot to ask, just guessed and filled in something to complete the application after you left. Slippery and probably illegal but stuff happens.

    George
     

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