sourabh.pawar
TUG Member
- Joined
- Feb 25, 2020
- Messages
- 5
- Reaction score
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- Resorts Owned
- HGVC
Hello,
We purchased a 1BR timeshare from HGVC at Las Palmeras, Orlando about an year back after falling for their marketing tactics. We took a loan from them for 25K and put 5K on the Amex Hilton Credit Card that they got us approved for. We found discrepancy in the model room that we were shown and were eventually confirmed by the agent after the rescission period was over. They had shown in their model room a separate laundry room which was not available in our deeded unit. We argued over this with them and even filed a BBB complaint that they refused to entertain.
BBB Complaint Link:
As per the contract, for Model Unit(s)/Furnishings, the clause says "The club suite will have furniture, appliances, equipment and accent furnishings substantially similar to those shown in the model and on the plans and specifications. Seller reserves the right to substitute substantially similar furniture, appliances, equipment and accent furnishings, based on availability." Now our argument with them was that the absence of something could not be treated as having substituted substantially but they did not want to discuss further and asked us to accept the way it was.
We filed another complaint with Amex on the down payment we did and they took the judgement in our favor and declined the down payment made to HGVC.
We stopped paying the monthly mortgage after few months and did not use the points even once. We have had several calls and letters from them for the collection of dues. We stopped responding to their calls and letters and have now received a "deed-in-lieu of foreclosure" from them. It says that failure to return the Signed Agreement, properly executed Warranty Deed and processing fee(amount not disclosed in the letter!!) within the timeframe provided will result in legal action to obtain title to the vacation ownership interest.
The caveat that we see with this letter is that its acceptance depends solely on HGV and there is no guarantee that this transaction will be successful. Can someone advice if we should pursue this or ignore this altogether and let the property foreclose. We do understand the implications of a foreclosure.
Thanks in advance.
We purchased a 1BR timeshare from HGVC at Las Palmeras, Orlando about an year back after falling for their marketing tactics. We took a loan from them for 25K and put 5K on the Amex Hilton Credit Card that they got us approved for. We found discrepancy in the model room that we were shown and were eventually confirmed by the agent after the rescission period was over. They had shown in their model room a separate laundry room which was not available in our deeded unit. We argued over this with them and even filed a BBB complaint that they refused to entertain.
BBB Complaint Link:
As per the contract, for Model Unit(s)/Furnishings, the clause says "The club suite will have furniture, appliances, equipment and accent furnishings substantially similar to those shown in the model and on the plans and specifications. Seller reserves the right to substitute substantially similar furniture, appliances, equipment and accent furnishings, based on availability." Now our argument with them was that the absence of something could not be treated as having substituted substantially but they did not want to discuss further and asked us to accept the way it was.
We filed another complaint with Amex on the down payment we did and they took the judgement in our favor and declined the down payment made to HGVC.
We stopped paying the monthly mortgage after few months and did not use the points even once. We have had several calls and letters from them for the collection of dues. We stopped responding to their calls and letters and have now received a "deed-in-lieu of foreclosure" from them. It says that failure to return the Signed Agreement, properly executed Warranty Deed and processing fee(amount not disclosed in the letter!!) within the timeframe provided will result in legal action to obtain title to the vacation ownership interest.
The caveat that we see with this letter is that its acceptance depends solely on HGV and there is no guarantee that this transaction will be successful. Can someone advice if we should pursue this or ignore this altogether and let the property foreclose. We do understand the implications of a foreclosure.
Thanks in advance.
