hibarocruz
Guest
- Joined
- Feb 16, 2021
- Messages
- 4
- Reaction score
- 1
- Points
- 11
- Resorts Owned
- Taino Beach Resort, Freeport, Bahamas and Silver Lakes Resort, Kissimmee, FL
I fell for it and purchased a timeshare back in 2014. Long story short, fell on hard times and as a result, lost my RCI account (they want over $400 to reinstate) and am unable to travel or afford any vacations. Reached out to the resort for help and was basically told too bad.
“Pursuant to Florida law, you had the right to cancel this transaction by notifying the Developer (SLR) in writing within ten (10) days of the execution of the purchase documents in 2014. At this time the contract is not eligible to be cancelled.
It is unfortunate that your RCI account was cancelled for non-payment, but as you mentioned it can be reinstated.
It remains your responsibility to maintain the monthly installments in the amount of $139.10 that are due on the 9th of each month. Should a suit become necessary to collect this Note the Note Holder (SLR) shall be entitled to collect all reasonable fees and costs of suit, including but not limited to reasonable attorney's fees.”
I still owe over $6k and basically pay a mortgage for nothing in return. Am I stuck and carrying a debt that truly hurts?
“Pursuant to Florida law, you had the right to cancel this transaction by notifying the Developer (SLR) in writing within ten (10) days of the execution of the purchase documents in 2014. At this time the contract is not eligible to be cancelled.
It is unfortunate that your RCI account was cancelled for non-payment, but as you mentioned it can be reinstated.
It remains your responsibility to maintain the monthly installments in the amount of $139.10 that are due on the 9th of each month. Should a suit become necessary to collect this Note the Note Holder (SLR) shall be entitled to collect all reasonable fees and costs of suit, including but not limited to reasonable attorney's fees.”
I still owe over $6k and basically pay a mortgage for nothing in return. Am I stuck and carrying a debt that truly hurts?