has anyone here used Stonegate Financial before? If so, what was your experience?

[jmcbride]

If this has been broached before, forgive me, but I couldn't find a thread that dealt with this question when I was browsing through the forums.

I entered two deeds with BlueGreen within the last 6 months, the second one was during what we thought was an update on the first one. We were convinced to add because our first one was so small an amount that it would be hard to use or get out of. I have approached Stonegate about exiting but am skeptical about their methods. The preliminary talk, to determine whether we qualified, seemed to be more of the approach used by BlueGreen to push their timeshares. We were pushed to make a quick decision, played basketball with their advisors (passed from one to another), was presented a 'better deal' when we balked, etc. These are red flags to me. I still have loan amounts to pay off and believe that this limits my choices on how to get out of them. I already approached BlueGreen about deed back and got the expected answer. I worry about defaulting on the payments and am now reconsidering the attempt to use an exit company no matter how well rated they are. What do you see as the best choice to get out of this situation? Try to sell while I still have a balance? or default the loans?

 

[chapjim]

There are lots of posts about Stonegate. Use the Search function in the upper right of the screen. Enter Stonegate in the blank space, leave Everywhere alone. Enjoy!

(Spoiler: It's a scam organization.)

 

[TUGBrian]

The Dirty Secret Behind Timeshare Exit & Cancellation Companies

Learn how timeshare exit and cancellation companies really operate, the red flags to watch for, and safer owner-to-owner options—backed by 30+ years of TUG experience.

tug2.net

 

[davidvel]

If this has been broached before, forgive me, but I couldn't find a thread that dealt with this question when I was browsing through the forums.

I entered two deeds with BlueGreen within the last 6 months, the second one was during what we thought was an update on the first one. We were convinced to add because our first one was so small an amount that it would be hard to use or get out of. I have approached Stonegate about exiting but am skeptical about their methods. The preliminary talk, to determine whether we qualified, seemed to be more of the approach used by BlueGreen to push their timeshares. We were pushed to make a quick decision, played basketball with their advisors (passed from one to another), was presented a 'better deal' when we balked, etc. These are red flags to me. I still have loan amounts to pay off and believe that this limits my choices on how to get out of them. I already approached BlueGreen about deed back and got the expected answer. I worry about defaulting on the payments and am now reconsidering the attempt to use an exit company no matter how well rated they are. What do you see as the best choice to get out of this situation? Try to sell while I still have a balance? or default the loans?

They can't get you out of your timeshare and loans. Period. They are not lawyers.

They will tell you to stop paying, stop communicating, they will send toothless, worthless letters which Bluegreen will ignore. You will default, they will eventually foreclose. The same things you can do for free.

Here's a thread about the lawsuit against them:

Capital Resorts Lawsuit against Stonegate Firm/Law

some fascinating allegations in this lawsuit: (forgive if the formatting is messed up, not sure what happened there but im just copy/pasting and not retyping all that) Plaintiff CAPITAL RESORTS GROUP, LLC d/b/a CAPITAL VACATIONS (“Capital Vacations"), through undersigned counsel and pursuant...

tugbbs.com

 

[LannyPC]

If this has been broached before, forgive me, but I couldn't find a thread that dealt with this question when I was browsing through the forums.
I worry about defaulting on the payments and am now reconsidering the attempt to use an exit company no matter how well rated they are. What do you see as the best choice to get out of this situation? Try to sell while I still have a balance? or default the loans?

Yes, this subject has been talked about numerous times here on TUG. But anyway, it can't be overemphasized. Do not use any of these exit/cancel companies or law firms.

And no, you cannot sell them if you still have MFs owing or a loan/mortgage owing. You have to do some soul-searching and number crunching here. How much do you still owe on these properties? How much have you paid so far? If you feel that what you owe is more than what your TSs are worth, then your best financial move would be to just default on the loans and let Capital foreclose and repossess.

 

[RX8]

@jmcbride I recently posted about the many Facebook ads I had been seeing that all led straight back to Stonegate. Many of these ads are using other names, including apparently hijacking celebrity profiles, with many falsehoods and lies. I also found an ad that appears to be AI generated posing as a satisfied client of Stonegate. AI generated reviews pretending to be a real person are illegal (you can see the possible AI ad at the bottom of the thread in the link below and judge for yourself). Since I posted the thread below I have come across even more of these ads. Is this who you want to trust with thousands of your hard earned dollars?

Stonegate Firm, LLC / Stonegate Law Exit Company

Stonegate Firm/Law touts itself as the only exit company with a co-branded law firm. The founder is supposedly an attorney. That makes them reputable then, right? Not so fast. I have come across many different questionable Facebook ads that all lead back to Stonegate. These include company...

tugbbs.com

 

[jmcbride]

Thank you for the reply. I have read all your posts on Stonegate and have come to the conclusion, after talking to them myself, that they are no different than the timeshare company themselves. They promise the world, guarantee things that I do not think are legally possible, not answer questions on how they intend to get me out, demand money up front and give 'a better deal' when i balked, refused the idea of an escrow acct, and gave me no time to read over their contract or do my due diligence, etc. These are not, in my thoughts, items that show me they are dealing on good business practices and I am very wary.

 

[davidvel]

Thank you for the reply. I have read all your posts on Stonegate and have come to the conclusion, after talking to them myself, that they are no different than the timeshare company themselves. They promise the world, guarantee things that I do not think are legally possible, not answer questions on how they intend to get me out, demand money up front and give 'a better deal' when i balked, refused the idea of an escrow acct, and gave me no time to read over their contract or do my due diligence, etc. These are not, in my thoughts, items that show me they are dealing on good business practices and I am very wary.

They are worse. At least the TS folks give you something you didn't have before. These folks simply take your money and do what you could easily do yourself, after lying about what they will do.

 

[RX8]

Deleted, meant to post in the dedicated Stonegate thread.

Stonegate Firm, LLC / Stonegate Law Exit Company

Stonegate Firm/Law touts itself as the only exit company with a co-branded law firm. The founder is supposedly an attorney. That makes them reputable then, right? Not so fast. I have come across many different questionable Facebook ads that all lead back to Stonegate. These include company...

tugbbs.com