Kathiem
newbie
This operation may already be known to you. They have defrauded us of $35,000. Here is how it is operating
• they employ people downtown on the Malecon to convince people to attend a presentation at Mango’s Restaurant
• They emphasize it is not a timeshare presentation that it is for a full ownership property
• The offer is either cash (up to $1000) or a week at the resort plus 2 free airfares from any US or Canadian hub
• The most recent property that they are showing is the Grand Venetian, prior to that it was the Miramar Spa and Resort
• The operators of this primarily employ American and Canadian salespeople
• They use the familiar “breakfast presentation” that many timeshare companies also use
• After verifying identity and getting some information to qualify the prospects they take you to the property for the tour
• Then they present the cost of the full ownership (I’m not sure what happens if you say you want to buy one because we immediately said “no”)
• The next step was to make an offer of 8 weeks access to the property through World Luxury Destinations with a price of about $60,000USD (we said no again)
• Next the discussion shifts to them being able to sell your timeshares in order to pay for this partial access via the luxury concierge service (much better than RCI or Interval)
• We had three timeshares so the sales price guaranteed was $56,000 USD based on a “market appraisal” that their company Continental Resources had done
• If you still resist on the price, they bring out a “foreclosed contract” that can be bought for a fraction of the cost plus transfer fees. They “guarantee” to sell your existing timeshares within 60-90 days or all contracts are cancelled. They guarantee that all contracts can be cancelled at any time. Then they bring out the add-ons
o Guaranteed sale of timeshares
o Guaranteed rental income of 4 of the 8 weeks you have access to for five years at $1500 per week
o Guaranteed buyback at the “original” contract value after 5 years ($59,910)
o No maintenance fees
o Ability to not only access the Grand Venetian but also the Grand Mayan or Grand Bliss at a fraction of the timeshare maintenance fees
• They ask for a credit card to hold the contract until the timeshares are sold. They promise no charge will be made-- that it is like leaving a credit card for a hotel when you check in, it’s just security
• They tell you that their timeshare liquidator will call you in the morning at your hotel to give you instructions on what he needs to sell the timeshares
• They tell you that you will receive a id and password by email so you can access the World Luxury Destinations website (at that time it was one static page now it is much more)
When you go home here is what you find out:
• They charged your credit card immediately
• They tell you they will sell the timeshares in 60-90 Days – In truth they never sell anything and in fact they may tell you they have and require several thousand dollars in closing costs and still not transfer any money.
• The tell you that World Luxury Destinations will send you a membership package with an ID and Password – that never happens and if later you do get them and try to book a time they request more money up front and the property is never available.
• When you review your paperwork and guarantees you see that the contract numbers do not match and the guarantees or not included on both contracts. In fact the World Luxury Destinations contract indicates it is non refundable.
• By the time you figure all of this out the contract is usually past the five days allowed by law to cancel and you’re stuck.
• If you figure it out right away as we did and dispute the charge, the credit card company will not back you up.
• Profeco is useless as is the Tourist Bureau if you file a complaint they do nothing
• Many others have gone through the same thing, some have sent these companies their timeshare contracts as instructed as well
Your crdit card company will not treat this a fraud and you will have to pay.
If you decline the purchase of World Luxury Destinations they will offer to just sell your timeshare and charge about $10K in fees and taxes. Still a scam. They say it will take 90 days or money back. As the ninety days approaches they will contact you and say they have a buyer and there will be an 8% fee deducted. If you accept it, you will immediately get a letter saying they have fullfilled their obligation. The new buyer will never buy your timeshare.
Names to watch out for: Platinum Access Program, World Luxury Destinations, Continental Resources, John Monte, Jerry Forney, James Brooks, Johnny Montalbo.
• they employ people downtown on the Malecon to convince people to attend a presentation at Mango’s Restaurant
• They emphasize it is not a timeshare presentation that it is for a full ownership property
• The offer is either cash (up to $1000) or a week at the resort plus 2 free airfares from any US or Canadian hub
• The most recent property that they are showing is the Grand Venetian, prior to that it was the Miramar Spa and Resort
• The operators of this primarily employ American and Canadian salespeople
• They use the familiar “breakfast presentation” that many timeshare companies also use
• After verifying identity and getting some information to qualify the prospects they take you to the property for the tour
• Then they present the cost of the full ownership (I’m not sure what happens if you say you want to buy one because we immediately said “no”)
• The next step was to make an offer of 8 weeks access to the property through World Luxury Destinations with a price of about $60,000USD (we said no again)
• Next the discussion shifts to them being able to sell your timeshares in order to pay for this partial access via the luxury concierge service (much better than RCI or Interval)
• We had three timeshares so the sales price guaranteed was $56,000 USD based on a “market appraisal” that their company Continental Resources had done
• If you still resist on the price, they bring out a “foreclosed contract” that can be bought for a fraction of the cost plus transfer fees. They “guarantee” to sell your existing timeshares within 60-90 days or all contracts are cancelled. They guarantee that all contracts can be cancelled at any time. Then they bring out the add-ons
o Guaranteed sale of timeshares
o Guaranteed rental income of 4 of the 8 weeks you have access to for five years at $1500 per week
o Guaranteed buyback at the “original” contract value after 5 years ($59,910)
o No maintenance fees
o Ability to not only access the Grand Venetian but also the Grand Mayan or Grand Bliss at a fraction of the timeshare maintenance fees
• They ask for a credit card to hold the contract until the timeshares are sold. They promise no charge will be made-- that it is like leaving a credit card for a hotel when you check in, it’s just security
• They tell you that their timeshare liquidator will call you in the morning at your hotel to give you instructions on what he needs to sell the timeshares
• They tell you that you will receive a id and password by email so you can access the World Luxury Destinations website (at that time it was one static page now it is much more)
When you go home here is what you find out:
• They charged your credit card immediately
• They tell you they will sell the timeshares in 60-90 Days – In truth they never sell anything and in fact they may tell you they have and require several thousand dollars in closing costs and still not transfer any money.
• The tell you that World Luxury Destinations will send you a membership package with an ID and Password – that never happens and if later you do get them and try to book a time they request more money up front and the property is never available.
• When you review your paperwork and guarantees you see that the contract numbers do not match and the guarantees or not included on both contracts. In fact the World Luxury Destinations contract indicates it is non refundable.
• By the time you figure all of this out the contract is usually past the five days allowed by law to cancel and you’re stuck.
• If you figure it out right away as we did and dispute the charge, the credit card company will not back you up.
• Profeco is useless as is the Tourist Bureau if you file a complaint they do nothing
• Many others have gone through the same thing, some have sent these companies their timeshare contracts as instructed as well
Your crdit card company will not treat this a fraud and you will have to pay.
If you decline the purchase of World Luxury Destinations they will offer to just sell your timeshare and charge about $10K in fees and taxes. Still a scam. They say it will take 90 days or money back. As the ninety days approaches they will contact you and say they have a buyer and there will be an 8% fee deducted. If you accept it, you will immediately get a letter saying they have fullfilled their obligation. The new buyer will never buy your timeshare.
Names to watch out for: Platinum Access Program, World Luxury Destinations, Continental Resources, John Monte, Jerry Forney, James Brooks, Johnny Montalbo.