In The Process

 Currently,

my wife and I are corresponding with the Owner's Association of Vacation Village Timeshare to receive a Deed Back Document giving our damn purchased timeshare back to them...

WHY?

We are claiming that the agents of the timeshare company who sold us the timeshare DEFRAUDED US with misinformation, intentional lies, and withholding of information including LEGAL COUNSEL that they themselves had and were being advised by on the day of the sale...

Apparently, the Owner's Association (comprised on timeshare owners) must approve the DEED BACK as well as decide if we, my wife and I, should be assessed AN ADDITIONAL FEE based upon lost revenue that they are not going to receive.

My wife and I purchased the timeshare outright, so we owe nothing on it; however, we are required to pay a maintenance fee every 3 years...  and, those are the monies that the Owner's Association stand to forfeit if they agree to a DEED BACK.

Timeshare purchases are one of the worst forms of our CAPITALISTIC SOCIETY that is perpetrated on a NAIVE PUBLIC and the Department of Justice continues to allow them to get away with this.

My wife and I agreed to sit through a 90 minute presentation, then informed the sales agent that we wanted to receive our free gifts and leave.  After another 3 hours of different sell agents trying to convince us that we need to buy something, we were so damn tired and ready to go, that we relented and purchased a foreclosed unit.

This was undoubtedly the worst experience of our entire lives and left us BITTER that the WEALTHY ORGANIZATIONS could do this legally to Americans who honestly believed that they were being told the truth...

Timeshares

Consumer group Choice has accused the timeshare holiday industry of predatory sales tactics and trapping people into unfair long-term contracts in a wide-ranging complaint lodged with the corporate regulator.

“Respondents report feeling fear, shame, embarrassment, a sense of defeat and guilt with their timeshare products,” Choice said in the complaint, which was sent to the Australian Securities and Investments Commission last Thursday.

“At every stage of the timeshare journey, consumers have reported unfair or oppressive practices that Choice believes is either in breach of the law or falls well below community standards and expectations.”

It called on Asic to prosecute timeshare operators who break the law and investigate the industry over allegations of misleading and deceptive conduct by salespeople and breaches of anti-hawking laws, which are designed to stop the unsolicited sale of financial products, at timeshare seminars.

Choice also wants a parliamentary inquiry into the industry that would examine issues including “what legislative and regulatory changes are necessary to protect people from harmful timeshare schemes and improve industry practice”.

Any crackdown by Asic would put the regulator, which is already under heavy political pressure from the Morrison government over issues including responsible lending laws, on a collision course with Queensland senator and the assistant minister to the attorney general, Amanda Stoker.

Stoker has complained in parliamentary hearings about action Asic has already taken against the industry, including a proposal to extend the cooling-off period between agreeing to buy into a timeshare scheme and the contract becoming binding from seven days to 14.

At an estimates hearing in October, she questioned whether Asic’s move “represents a proportionate response, or whether it represents something of a vendetta against the industry”.  TO READ MORE, CLICK HERE...