A number of years ago my wife and I were invited to a sales meeting for Gold Crown Resorts. By the end of the meeting we felt it could be a good plan to have for the coming years and put down a down payment. The same evening after “winding down” from the intensive sales pitch, we realized that the plan really was not suited for us and our family and in the morning notified the agent that we had decided to withdraw and requested a refund.
We were told that this was impossible but they would send someone to us to see what could be worked out. We informed the agent that arrived that we wanted our money back. To this he answered, “Then we will take you to court!”
Not being familiar with the law, we thought we had no choice and managed to reduce our deal to a less expensive one. A short time later, we tried to reach the company but they were GONE and their rented office space EMPTY. It would be to the credit to the entire industry if the Time Share companies would take some responsibility regarding the people they allow to market their products.
Gold Crown headquarters has replied to my experience simply with, “not our problem”. To this day we have not used it because it is ALWAYS possible to find better deals on the web. Money down the drain!!
Below is a reader-submitted story regarding Tree Top Villas timeshare.
Tree Top Villas is the place we purchased timeshare from, and everything that was told to us is a lie from starting to ending.
Here’s what we went through:
(1) We told the salesman that we would like to think about it because we live on a budget. With this, he told us about paying it of in terms – he and his supervisor worked it out so we only have to pay $130 a month. This turned out to be a lie because the very next payment we were told $169 was due. When I called it in the girl informed me that the paper work was signed at $169 and that what ever the salesman said doesn’t count. I then informed her that the piece of paper the guy write up all the numbers on we have, she then told us that doesn’t count also.
(2) We were told great deals on cruises. That is a total lie – we tried many time to book a cruises with them, and it is always more than other web sites and they still want to take the points away from you. They also charge you for a service fee; we ended up booking it somewhere else for $500 less then RCI cruises asking price.
(3) At Tree Top Villas, being that you pay maintenance fees, you would think that you would be treated better. This is not the case. You pay $85 plus points for 2 days and maintenance of $40, but if you book directly with them its $99.00 for 3 nights!
PLEASE CAN SOMEONE HELP ME GET OUT OF THIS THING?!
We joined Silent Valley Club near Banning, California 4 years ago. Since then the RV resort, (which claims to NOT be a timeshare, but basically is – same scam) has gone down hill and is poorly managed. The amenities have been cut due to the hard economic times and gas prices, and they have over 50% member defaults. Because they are in such financial straits they keep raising the dues and now are assessing every remaining member $400, due with only 4 weeks notice. I am defaulting. I have had enough.
Where are the lawmakers regarding timeshares….??? Is the timeshare lobby so strong with our politicians that the citizens are ignored? I am writing to my state and federal congressmen regarding these scams. Maybe we all should. Strength in numbers.
Recently we received the following message from a distraught timeshare owner trying to get rid of an unwanted timeshare they can no longer pay for:
“I have not been able to find an honest timeshare resale company; have tried for several years. I am considering allowing it to go into default and foreclosure. I do not want it, and cannot afford to keep paying the mortgage.
The resort is unwilling to at least renegotiate the monthly payments, or do anything to help me. I am desperate and will have to consider default and foreclosure. Will foreclosure end this? I want it gone – out of my name. I do not understand why there is so much fraud and deception in this industry, and nothing is done about it.
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I sold my timeshare in September 2007 that I owned at Orange Lake Country Club in Kissimmee Florida and that’s when my nightmare started. I only owned it for a year before I realized what a big mistake I made and sold it the next year!
It turns out that the new owners actually own the timeshare thru Orange County (state of Florida), but my husband and I still own it at Orange lake. There was 1 witness signature on the Quit Claim deed, which was fine for the county records, but Orange Lake requires 2 witness signatures! So for the last 2 years I have tried to get this resolved, and the new owners will not do anything to fix this situation.
Meanwhile, the new owners were able to use the timeshare that we technically still own according to Orange Lake and also receive the bills and now letters stating that they are going to send us into foreclosure on the property! The recovery manager sent us a form to release the property back to Orange Lake because of the situation – only to receive a call 2 weeks later saying we couldn’t do this because the new owners also need to sign off on this (because although they don’t own at Orange Lake they do own under the county deed).
I am so afraid that they will send this in under our credit report and financially ruin us. Has anyone else had a similar experience? Stuck in limbo with this silly timeshare. Any suggestions?