suenmike32
TUG Member
I recently ran into old friends that we haven't seen in years. They told me of an unfortunate situation that they are in. Ill health has befallen him, he is on oxygen 24 hours a day and is on a long list for lung transplants, she no longer works as she has to take care of her husband. To top it off, the purchased an EOY studio unit a couple years ago and just can no longer afford it.
It seems that (based on the reading of the contract), they are locked into this no matter what. They are current with their payments, are current with their MF's but can no longer use it or (based on the contract reading) sell it. (at least without express permission of Occidental). Phone calls to them (Occidental); have resulted in nothing but aggravation.
She read bits and pieces of the contract to me over the phone and I felt like screaming, "How could you have been so foolish as to sign this"...but they have enough problems.
To be truthful, I wonder if they even knew what they were signing. They were caught up in the whole "wonderfulness" of timesharing in Mexico.
Apparently, they were there for a week and their 5-day rescission right had expired by the time they left. Then again…this is just another example of not doing their “due diligence”.
Does anyone have any suggestions as to what they can do to get out? They still owe $4850.00 (oh yes, I forgot to mention, they are not allowed to pay it off ahead of time).
The MF’s have gone up substantially since they purchased. If he does not get the transplant his prognosis is very dim, if he passes…. she’s saddled with this mess by herself.
Just wondered if anyone had any thoughts?
It seems that (based on the reading of the contract), they are locked into this no matter what. They are current with their payments, are current with their MF's but can no longer use it or (based on the contract reading) sell it. (at least without express permission of Occidental). Phone calls to them (Occidental); have resulted in nothing but aggravation.
She read bits and pieces of the contract to me over the phone and I felt like screaming, "How could you have been so foolish as to sign this"...but they have enough problems.
To be truthful, I wonder if they even knew what they were signing. They were caught up in the whole "wonderfulness" of timesharing in Mexico.
Apparently, they were there for a week and their 5-day rescission right had expired by the time they left. Then again…this is just another example of not doing their “due diligence”.
Does anyone have any suggestions as to what they can do to get out? They still owe $4850.00 (oh yes, I forgot to mention, they are not allowed to pay it off ahead of time).
The MF’s have gone up substantially since they purchased. If he does not get the transplant his prognosis is very dim, if he passes…. she’s saddled with this mess by herself.
Just wondered if anyone had any thoughts?
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