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Rescind Timeshare Contract Jockey Club Resorts

Mattie51

TUG Member
Joined
Oct 31, 2018
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I have been wanting to cancel or give my 20,000 points back as we can't even rent the studio unit we were promised at the Jockey Club as they have raised the level of points to rent anything at Jockey from GeoHoliday/Sapphire Resorts at the Jockey Club........we thought. How many times can they change names? After getting hooked into this buy we paid purchase price off in 2 months so no interest (2014), but had questions and they weren't following up with the paperwork. I called numerous times. When we did get "certificate of ownership" in November it was made out wrong info. They admit to us that the salesperson lied to us and is no longer there, but still don't won't take it back for free! I think I'm going to not pay maintenance fee this year as I could rent at the Cosmopolitan for less $$$ than the MF fees on 20000 points. I don't care about my credit rating....we are too old for this BS!
 

LannyPC

TUG Member
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Jul 5, 2010
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Location
British Columbia
but still don't won't take it back for free!

Before you take the step of "going to not pay maintenance fee", maybe tell that firmly to the resort's Homeowners' Association and give them an ultimatum. Tell them that they either take it back amicably or you will stop paying and let it go into foreclosure. Since it would be better for the HOA to do the former as it will save them the expense and rigours of foreclosure, they might take it back but perhaps ask you to pay closing costs.
 

amires93

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May 11, 2022
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Let me share my story with you all. First, I want to thank you all for this very helpful forum that helped me save thousands of dollars. I was in Orlando with my wife a few weeks ago for business. We went to the Icon Park for a day to hang out and that was when some people from Saphire resort invited us to a presentation with a complimentary $100 gift card (who doesn't like free money?). To make it short, we ended up sitting around a table with the agent. Their initial price for time-share was ~$9000. When we refused to sign a contract, they reduced the price (step by step) to $3000 and that was when we fell into the trap and signed the contract (45-year contract with ~$500 for the maintenance fee/year). When I checked some of their reviews on different websites and their Instagram page, I found out that the resorts are always full. Also, the free trip to Hawaii is not gonna happen. I was so lucky and fast to be in the cancellation period (10 days based on Florida's law). I immediately sent them a certified mail based on the same instruction you gave me in this forum as well as the instructions given on the first page of my contract (their address was in Vegas). Today, a few days after the delivery of my mail, I received my refund for the deposit.

Thank you all!
 
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