Grand Miramar, P.V. Timeshare Scam (GM Private Residence)
My husband & I attended a timeshare presentation at the GRAND MIRAMAR (AKA GM PRIVATE RESIDENCE) after being promised $250 just for attending. After about 5 hours, and after all their "guarantees" which were also stated in the Contract(s), they convinced us to buy as DIAMOND MGMT. GROUP (2nd company & contract) would take my 3 other US timeshares and sell them for a "guaranteed" price of $85,400 which was very attractive to me. They also said they would rent my 2 weeks for $1600 per week for the 10 years if we decided we couldn't use them, or we could trade for something else. Also offered me 4 weeks for attending the presentation (instead of the $250 initial gift that was offered). - Since we said couldn't use 4 weeks, DIAMOND MGMT. would issue a check in the amt. of $6400. I went on-line when we got home and found that people actually ended up with all their original timeshares, plus the weeks at the Grand Miramar, and annual maintenance fees on all. Others did not get the rent that they had been offered. I wrote to rescend or cancel the contract within the agreed upon time, but since I had not returned the original contracts with the letter, they would not accept my cancellation. I now have to go to Profeco to try to recover the $26,783 that they charged my credit card, and if that doesn't work, retain an attorney to get the contracts voided. Mr. RICHARD BOUNDS, MGR. of GM Private Residence called me initially to try to convince me to go ahead, and I told him I did not believe all their guarantees, he said I had better get my request to cancel in the mail that day (but never mentioned sending back the "original" contracts). I immediately prepared my letter and sent it on that day. I later found the clause about the contract needing to be returned in the fine print on the last page of attachments to Contract. I did return the contracts at a later date, but they will not allow the cancellation. I am aware we were very stupid to believe all their "verbal and written" guarantees.