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HELP! Family member needs to unload Wyndham and Hilton

CPNY

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After doing some legal research, that lady had eight (8) retail timeshares, seven (7) Wyndham and one (1) Westgate, both of which put a lien and foreclosed on the lady’s house. Looks like Westgate took the initiative and partnered with wyndham for the lien and foreclosure.
Wow. That’s so sad. These people are the worst. I almost want to go to wyndham and spend 3 hours in a sales presentation and make them think they are about to get a 2 million dollar contract. Then laugh and walk out when the papers come. Of course I wouldn’t trust them not to forge my signatures so I wouldn’t even mess with it. But my lord, that poor lady. It’s unfortunate but it seems like she took them by their word and just signed. It’s part abuse and part stupidity. It’s very sad.
 

rhonda

TUG Review Crew: Veteran
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The side-story w/in this thread of the lady's video with the research added here is really, really sad. One might have thought that the Revokable Living Trust might have added some protection against losing her home over timeshare?? I'm really struggling with the lesson that a timeshare foreclosure can reach so far as to not simply take back the timeshare but to also take one's home.
 

Grammarhero

Official TUGBBS Rescission Master
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Wyndham Grand Desert 77k, VV Williamsburg 4L/4 & 2/2
Former: Wyndham 276k, HGVC South Bend 1/1
The side-story w/in this thread of the lady's video with the research added here is really, really sad. One might have thought that the Revokable Living Trust might have added some protection against losing her home over timeshare?? I'm really struggling with the lesson that a timeshare foreclosure can reach so far as to not simply take back the timeshare but to also take one's home.

Lessons
1) buy resale, not retail. I’m not against buying eight (8) timeshares. I currently have five (5) TS, all bought for $1. Unfortunately, that lady bought $185k in eight (8) retail Ts.
2) avoid Westgate. Wyndham didn’t initiate the lien and foreclosure, but Westgate did. Wyndham joined as a partner after westgate’s lien and foreclosure initiatives.
3) avoid HELOC even for TS loans. Westgate or Wyndham likely convinced the lady to move TS loans with high interest rates (12-20 percent) to HELOC, likely with (3-7 percent interest).
 
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Gypsy65

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Lessons
1) buy resale, not retail. I’m not against buying eight (8) timeshares. I currently have five (5) TS, all bought for $1. Unfortunately, that lady bought $185k in eight (8) retail Ts.
2) avoid Westgate. Wyndham didn’t initiate the lien and foreclosure, but Westgate did. Wyndham joined as a partner after westgate’s lien and foreclosure initiatives.
3) avoid HELOC even for TS loans. Westgate or Wyndham likely convinced the lady to move TS loans with high interest rates (12-20 percent) to HELOC, likely with (3-7 percent interest).

If she had a HELOC wouldn’t the TS have been fully paid and it be the bank doing the foreclosure?

Also
I’m not sure her story is what it seems

My thought
For several years she kept talking about renting the weeks but never did
Had she tried at the beginning then she would have known if it was possible

She kept saying how she was being lied to for several purchases but still purchased more with out reading the contracts?
I get it if we get burned once. But all her consecutive purchases should have been read over thoroughly
 

Grammarhero

Official TUGBBS Rescission Master
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Former: Wyndham 276k, HGVC South Bend 1/1
If she had a HELOC wouldn’t the TS have been fully paid and it be the bank doing the foreclosure?

Also
I’m not sure her story is what it seems

My thought
For several years she kept talking about renting the weeks but never did
Had she tried at the beginning then she would have known if it was possible

She kept saying how she was being lied to for several purchases but still purchased more with out reading the contracts?
I get it if we get burned once. But all her consecutive purchases should have been read over thoroughly

The lady was a tax scofflaw who hadn’t paid federal taxes totaling $126k for at least 10 years. Westgate has relationships with its Central Florida Investments affiliates offering HELOC.
 

Grammarhero

Official TUGBBS Rescission Master
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Location
Washington, DC Area
Resorts Owned
Wyndham Grand Desert 77k, VV Williamsburg 4L/4 & 2/2
Former: Wyndham 276k, HGVC South Bend 1/1
If she had a HELOC wouldn’t the TS have been fully paid and it be the bank doing the foreclosure?

Also
I’m not sure her story is what it seems

My thought
For several years she kept talking about renting the weeks but never did
Had she tried at the beginning then she would have known if it was possible

She kept saying how she was being lied to for several purchases but still purchased more with out reading the contracts?
I get it if we get burned once. But all her consecutive purchases should have been read over thoroughly

I could also imagine her thinking,”Let’s go with a different TS company! Westgate is great! Interest rates at only 3 percent! Westgate even refinanced all my other Wyndham TS loans that had ripoff 20 percent!”

Then came the Westgate liens and foreclosures.
 
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