Capital Vacations Scams elderly couple- No surprise here News Story

[LannyPC]

Yes, it can be a real job to be rid of a timeshare but if you know that what you purchase has a built in exit program it can be very easy to get out when you want to.

Yes, I'll agree. The problem is that one of the things the salespeople bring up in the presentation is that, if you want to sell it down the road, you can easily sell it for well over what you are paying at the today-only special price.

 

[LannyPC]

....but I also don't understand how you sign a whole set of documents with no idea what you are actually signing. If you don't have time to read through the contract then and there...

It's called just wanting to get out of there. Likely the buyers had been there for well over the supposed "90-minute" presentation and just wanted to get out of there. After all, isn't that why most people sign on the dotted line? How many stories have we heard here on TUG about how the buyers were subjected to a marathon of a presentation that was supposed to last only 90 minutes?

After a drudging session like that, who's going to sit and read through a kajillion pages of legal jargon? Unfortunately in cases like this, the buyer is not thinking straight after this lengthy session and is just wanting to get out of there and will do anything to get out of there including signing a document that the sales person so eloquently (but inaccurately) explained.

 

[dioxide45]

I never understand how people say they agreed just to be able to get out. Doesn't it take a good hour or longer for them to draw up the paperwork and sign everything?

 

[Kozman]

True but as you delve deeper. They have 1.2 out of 5 stars for their reviews....out of 600+ reviews.... really bad reviews but mostly about high pressure ect. Most people stop at the A rating, I guess. Not a fan of the BBB ratings system personally. I don't know much but it seems very pay to play.

 

[dioxide45]

That isn't the correct BBB profile. See post #38.

 

[pedro47]

I never understand how people say they agreed just to be able to get out. Doesn't it take a good hour or longer for them to draw up the paperwork and sign everything?

No, in the age of computers, everything can be enter, probably in less than 15 minutes. Name, address, SS numbers, salary, name of employers
and everything else are probably preprinted. Timeshare costs probably needs to change, plus the TS salesperson commission costs.

It is a business transaction science.

 

[Tia]

Capital Vacations sucks. They are pure scum. Their shady practices after they took over management of Powder Ridge Village forced the resort closure. Their contract involved purchase of 350 units. They bought 100 and soon after stopped paying maintenance fees on these units and refused to buy he rest. This (plus MROP delinquency on their 300+ units) made the resort (which had 0 debt) insolvent and forced closure.

AnnaO how long ago did this happen?

 

[vacation911]

I think Capital has definitely been getting a bad rep as they use shady practices. The thing is most timeshare companies do, so I am not sure how they stand except certainly not alonmme.