Were we tricked into selling our timeshare with Capital Vacations?

[shug5]

We were pressured, strong armed into paying $10,000 to sell our timeshare. Our timeshare resort set up the appointment and we spent 7
hours at a place in a "tag team" high pressured sales push to get us to sign. At one point I thought the guy was going to hit us I felt
like a prisoner in this place, and they tried everything but waterboarding us. The place was Capital Vacations.
We are a college educated, business owning, couple who fell for the high pressure tactic of desperate sales people. It was a tag team method
of sales, when one couldn't close the deal another would sit down with us and almost aggressively verbally abuse us. It was worthy of Jerry
Springer really. We paid $10,000. to sign over the deed but still pay a $50.00 fee monthly on top of the lump sum. We have "points" now
supposedly but have requirements to attend more meetings one of which is a dinner and meeting for new Capital Vacation members.
Also, interestingly we were hastily handed a contract of 20 or so pages by another "contract person" to sign with a preface saying read this
before agreeing to a contract with the place closing for the day, us exhausted, worn down and hungry, claiming defeat.
We regret being so short sighted and falling for this high pressure sales technique. Did we make one big huge mistake?

 

[callwill]

We were pressured, strong armed into paying $10,000 to sell our timeshare. Our timeshare resort set up the appointment and we spent 7
hours at a place in a "tag team" high pressured sales push to get us to sign. At one point I thought the guy was going to hit us I felt
like a prisoner in this place, and they tried everything but waterboarding us. The place was Capital Vacations.
We are a college educated, business owning, couple who fell for the high pressure tactic of desperate sales people. It was a tag team method
of sales, when one couldn't close the deal another would sit down with us and almost aggressively verbally abuse us. It was worthy of Jerry
Springer really. We paid $10,000. to sign over the deed but still pay a $50.00 fee monthly on top of the lump sum. We have "points" now
supposedly but have requirements to attend more meetings one of which is a dinner and meeting for new Capital Vacation members.
Also, interestingly we were hastily handed a contract of 20 or so pages by another "contract person" to sign with a preface saying read this
before agreeing to a contract with the place closing for the day, us exhausted, worn down and hungry, claiming defeat.
We regret being so short sighted and falling for this high pressure sales technique. Did we make one big huge mistake?

What matter most is how long ago and if you are still within a rescission period.

 

[TheTimeTraveler]

Sorry to give you the bad news but you were scammed......but I think you know that.

Once you sell your property you're out of it. I have no idea how you were convinced to pay a $50 monthly fee after the fact for who knows how long.












.

 

[jackio]

You may have actually bought vs sold, or “ upgraded”. If that’s the case, you should be able to rescind within a certain timeframe.
Check your paperwork carefully for rescission instructions, and see if you are eligible.
Good luck.

 

[tschwa2]

We were pressured, strong armed into paying $10,000 to sell our timeshare. Our timeshare resort set up the appointment and we spent 7
hours at a place in a "tag team" high pressured sales push to get us to sign. At one point I thought the guy was going to hit us I felt
like a prisoner in this place, and they tried everything but waterboarding us. The place was Capital Vacations.
We are a college educated, business owning, couple who fell for the high pressure tactic of desperate sales people. It was a tag team method
of sales, when one couldn't close the deal another would sit down with us and almost aggressively verbally abuse us. It was worthy of Jerry
Springer really. We paid $10,000. to sign over the deed but still pay a $50.00 fee monthly on top of the lump sum. We have "points" now
supposedly but have requirements to attend more meetings one of which is a dinner and meeting for new Capital Vacation members.
Also, interestingly we were hastily handed a contract of 20 or so pages by another "contract person" to sign with a preface saying read this
before agreeing to a contract with the place closing for the day, us exhausted, worn down and hungry, claiming defeat.
We regret being so short sighted and falling for this high pressure sales technique. Did we make one big huge mistake?

Yes you made a huge mistake. When did you do this transaction and what state where you in? There are rescission laws in place if you meet the state imposed deadlines.

 

[rapmarks]

You upgraded, you did not sell, what date did this happen? You may be able to rescind the deal.

 

[ScoopKona]

The first mistake was putting up with this in the first place. Seven hours? You could have stood up and walked out.

I agree with the others -- you didn't sell anything. You bought something. What did you buy? No idea. It was spelled out in the contract, so you should probably read it -- especially the part about how to cancel. And then follow those cancellation instructions TO THE LETTER.

 

[Janann]

The first mistake was putting up with this in the first place. Seven hours? You could have stood up and walked out.

This was my thought too. Just stand up and walk out, especially if the owner felt physically threatened.

OP, were you someplace where you felt stranded, and couldn't get a ride out of the place? I have heard of some timeshares in other countries where you are taken to a remote location, and at that point you are stuck.

As far as I know, TUG has never had a report of someone who was physically assaulted or physically held against their will at a timeshare presentation in the U.S.

 

[theo]

<snip>We paid $10,000. to sign over the deed but still pay a $50.00 fee monthly on top of the lump sum. We have "points" now
supposedly but have requirements to attend more meetings one of which is a dinner and meeting for new Capital Vacation members.

<snip> We regret being so short sighted and falling for this high pressure sales technique. Did we make one big huge mistake?

Yes, unfortunately. However, as already mentioned briefly by others here, you may still be within the time frame allowing you to rescind the contract and revert right back to the deed that you held before encountering those hungry and aggressive hyenas. That rescission time frame is determined by individual state law; the state in which you executed the contract determines the applicable rescission period. In Florida and Tennessee, you have 10 days to rescind. In most states, the rescission (cancellation) period is 5-7 days. In a very few states, Massachusetts being one of them, the rescission period is only 3 days. I hope that you are still within your applicable rescission period and, if so, that you waste no time in preparing and sending off your rescission.

I have nothing but contempt for virtually everything about Capital Vacations. Westgate has long topped my own personal list of timeshare villains, but Capital Vacations seems to be consistently making a very strong run at dethroning my reigning "Champions of Timeshare Weaseldom".

 

[TUGBrian]

agreed, how long ago did you sign the contract? rescind this immediately even if you are just outside the window!

"Our timeshare resort set up the appointment and we spent 7 hours at a place in a "tag team" high pressured sales push to get us to sign. "

I am perplexed by this comment specifically. This makes it seem like this happened at some other location with a 3rd party, not your resort?

who exactly did you meet with? where? when?

 

[jrb916]

If you rescind (& are able to depending on when this happened), you will go back to your previous ownership deed. Capital Vacations is one of the worse w/ pressured sells. Please share more details such as when, where this happened & TUG can give you advice on next steps.

 

[tschwa2]

I am perplexed by this comment specifically. This makes it seem like this happened at some other location with a 3rd party, not your resort?

who exactly did you meet with? where? when?

My guess is the OP's resort has recently brought in Capital Vacations for management and onsite sales. It sounds like rather than selling it as a conversion or upgrade, it was framed in terms of signing over the deed and getting out of the timeshare and then they glossed over joining a vacation club. It may even be the same employees at the resort they have seen year after year, directed them over to the Capital Vacations desk.

 

[Passepartout]

@shug5 you are likely within the time-frame to rescind- that is, to put matters between buyer and seller back to whatever they were before any contract was signed. Get a rescission letter into certified mail to their head office TOMORROW! Also, your state Attorney General will be interested in the abuse you suffered. Make a detailed report to their office- Names, dates, and all.

What you describe is absolutely uncalled for.

Jim

 

[vacation911]

ARe yo

agreed, how long ago did you sign the contract? rescind this immediately even if you are just outside the window!




I am perplexed by this comment specifically. This makes it seem like this happened at some other location with a 3rd party, not your resort?

who exactly did you meet with? where? when?

Right, it feels like this was a third party. Perhaps a cancellation company selling a travel club or and letting them trade in there capital ownership. OP what exactly did you buy?. Is this new contract with Capitol or a different company entirely? It should say in the contract.

I have not heard of Capitol having meetings to charge to get out. This sounds like the classic give us your timeshare and 10 k and we will get you out of the timeshare and into our club. I think you were defrauded and not aware of the company you were dealing with. It sounds like a Post card company situation, and they addressed it as for Captial Vacation club owners. What does the contract say?

 

[dioxide45]

I suspe

My guess is the OP's resort has recently brought in Capital Vacations for management and onsite sales. It sounds like rather than selling it as a conversion or upgrade, it was framed in terms of signing over the deed and getting out of the timeshare and then they glossed over joining a vacation club. It may even be the same employees at the resort they have seen year after year, directed them over to the Capital Vacations desk.

I suspect they sold them points out of the trust that CV has setup with all the weeks they get back at the resorts they take over.

 

[Passepartout]

It's all just guessing. The OP, @shug5 a first poster presented their case early this morning, then hung out here for a half-hourish then has since disappeared. It'll be nice to find out how this comes out (if we do).

 

[theo]

I suspect they sold them points out of the trust that CV has setup with all the weeks they get back at the resorts they take over.

This is very possible, sounding much like the “sales assault” that Capital Vacations undertook at Fort Lauderdale Beach Resort a few years ago (and likely elsewhere as well since Capital acquired VRI in 2022).

The curious wrinkle in the “encounter” reported by the OP is the (unspecified) off-resort location and the (unidentified) affiliation of the high pressure sales “assault team”. I hope that the OP will return to provide more facts and details, at the very least identifying exactly where all of this occurred. OP stating that “the place was Capital Vacations” does not actually reveal anything at all.

 

[jrb916]

This is very possible, sounding much like the “sales assault” that Capital Vacations undertook at Fort Lauderdale Beach Resort a few years ago (and likely elsewhere as well since Capital acquired VRI in 2022).

Exactly what CV did at Stormy Point in Branson when they bought the previous owner out. They want everyone to buy into their points system w/ high maintenance fees. The 7000 points you get w/ your week won’t get you a full week stay at Stormy Point, even in March. I am so glad we were warned about their ‘scam’ before our first owners update w/ CV.

 

[vacation911]

Exactly what CV did at Stormy Point in Branson when they bought the previous owner out. They want everyone to buy into their points system w/ high maintenance fees. The 7000 points you get w/ your week won’t get you a full week stay at Stormy Point, even in March. I am so glad we were warned about their ‘scam’ before our first owners update w/ CV.

Oh, that's interesting. Glad you were warned too.

 

[gravityrules]

Exactly what CV did at Stormy Point in Branson when they bought the previous owner out. They want everyone to buy into their points system w/ high maintenance fees. The 7000 points you get w/ your week won’t get you a full week stay at Stormy Point, even in March. I am so glad we were warned about their ‘scam’ before our first owners update w/ CV.

CV points chart shows a week in a standard 2 BR is 140,000 to 225,000 (depending upon week) for all but weeks 1 through 9.

But none of those charts are going to show how much inventory the CV points trust actually owns ... so you have no idea what is even theoretically possible to reserve.

And then there's the issue that CV sells multiple levels of access to whatever inventory is actually in the trust. If you're just a single week owner who has converted to CV points (think that's called Preferred in CV terminology) you are bottom of the stack in priority, i.e. higher levels of ownership can reserve month(s) ahead of you.

 

[callwill]

agreed, how long ago did you sign the contract? rescind this immediately even if you are just outside the window!




I am perplexed by this comment specifically. This makes it seem like this happened at some other location with a 3rd party, not your resort?

who exactly did you meet with? where? when?

It looks like they own or owned at the links in myrtle beach. Was there a couple years ago. CV had a desk (salesperson) in the lobby that you were required to visit after check in to get your parking pass. They work to sign you up for the CV sales presentation that takes place in a "boiler room" off site.

 

[WorldT]

@shug5 is either busy or doesn't know suggestions on this site comes fast . We will await their return (?).

 

[dioxide45]

@shug5 is either busy or doesn't know suggestions on this site comes fast . We will await their return (?).

I wouldn't be too busy to try and recoup ten grand that I had just plunked down.

 

[theo]

@shug5 is either busy or doesn't know suggestions on this site comes fast . We will await their return (?).

If the assumption that the OP owns at The Links in Myrtle Beach is correct and further assuming that this “kidnapping / sales assault” took place somewhere nearby, a quick check indicates that the SC rescission period is only 5 days. I hope that the OP is still within that rescission period and that he / she is acutely aware that the game clock is ticking down on any chance of ever successfully reversing this unfortunate huge mistake, hopefully initiating rescission --- NOW!

 

[ScoopKona]

@shug5 is either busy or doesn't know suggestions on this site comes fast . We will await their return (?).

I'd be willing to bet a nickle that OP is talking to Capital Vacations to "get the facts." And will be convinced not to listen to anyone here.