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HELP! Family member needs to unload Wyndham and Hilton

Discussion in 'Buying, Selling & Renting Timeshares' started by Angela Fraleigh, Jul 4, 2019.

  1. CPNY

    CPNY TUG Member

    Joined:
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    Resorts Owned:
    Harborside Resort at Atlantis
    SVV - Key West
    SVV - Bella
    Wow. That’s so sad. These people are the worst. I almost want to go to wyndham and spend 3 hours in a sales presentation and make them think they are about to get a 2 million dollar contract. Then laugh and walk out when the papers come. Of course I wouldn’t trust them not to forge my signatures so I wouldn’t even mess with it. But my lord, that poor lady. It’s unfortunate but it seems like she took them by their word and just signed. It’s part abuse and part stupidity. It’s very sad.
     
    Grammarhero likes this.
  2. rhonda

    rhonda TUG Review Crew: Veteran TUG Member

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    Location:
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    Resorts Owned:
    Worldmark, DVC, Grand Pacific Palisades, WinPointVIP
    The side-story w/in this thread of the lady's video with the research added here is really, really sad. One might have thought that the Revokable Living Trust might have added some protection against losing her home over timeshare?? I'm really struggling with the lesson that a timeshare foreclosure can reach so far as to not simply take back the timeshare but to also take one's home.
     
    Grammarhero likes this.
  3. Grammarhero

    Grammarhero TUG Member

    Joined:
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    Location:
    Washington, DC Area
    Resorts Owned:
    Marriott Manor, EY 2BR2BA
    Wyndham, EY 276k pts
    DRI South Bend, EY 1BR1BA

    Been to:
    Intl: Aruba, Aus, Bah, China, Jpn, HK, Macau, Mex
    US: AZ, CA, DC, DE, IL, IN, KY, MD, NC, NJ, NV, NY, OH, OR, PA, TN, TX, VA, WA, WV
    Lessons
    1) buy resale, not retail. I’m not against buying eight (8) timeshares. I currently have five (5) TS, all bought for $1. Unfortunately, that lady bought $185k in eight (8) retail Ts.
    2) avoid Westgate. Wyndham didn’t initiate the lien and foreclosure, but Westgate did. Wyndham joined as a partner after westgate’s lien and foreclosure initiatives.
    3) avoid HELOC even for TS loans. Westgate or Wyndham likely convinced the lady to move TS loans with high interest rates (12-20 percent) to HELOC, likely with (3-7 percent interest).
     
    Last edited: Aug 14, 2019 at 5:06 PM
  4. Gypsy65

    Gypsy65 Guest

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    If she had a HELOC wouldn’t the TS have been fully paid and it be the bank doing the foreclosure?

    Also
    I’m not sure her story is what it seems

    My thought
    For several years she kept talking about renting the weeks but never did
    Had she tried at the beginning then she would have known if it was possible

    She kept saying how she was being lied to for several purchases but still purchased more with out reading the contracts?
    I get it if we get burned once. But all her consecutive purchases should have been read over thoroughly
     
    Grammarhero likes this.
  5. Grammarhero

    Grammarhero TUG Member

    Joined:
    Jun 9, 2019
    Messages:
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    Likes Received:
    321
    Trophy Points:
    113
    Location:
    Washington, DC Area
    Resorts Owned:
    Marriott Manor, EY 2BR2BA
    Wyndham, EY 276k pts
    DRI South Bend, EY 1BR1BA

    Been to:
    Intl: Aruba, Aus, Bah, China, Jpn, HK, Macau, Mex
    US: AZ, CA, DC, DE, IL, IN, KY, MD, NC, NJ, NV, NY, OH, OR, PA, TN, TX, VA, WA, WV
    The lady was a tax scofflaw who hadn’t paid federal taxes totaling $126k for at least 10 years. Westgate has relationships with its Central Florida Investments affiliates offering HELOC.
     
    Gypsy65 likes this.
  6. Grammarhero

    Grammarhero TUG Member

    Joined:
    Jun 9, 2019
    Messages:
    689
    Likes Received:
    321
    Trophy Points:
    113
    Location:
    Washington, DC Area
    Resorts Owned:
    Marriott Manor, EY 2BR2BA
    Wyndham, EY 276k pts
    DRI South Bend, EY 1BR1BA

    Been to:
    Intl: Aruba, Aus, Bah, China, Jpn, HK, Macau, Mex
    US: AZ, CA, DC, DE, IL, IN, KY, MD, NC, NJ, NV, NY, OH, OR, PA, TN, TX, VA, WA, WV
    I could also imagine her thinking,”Let’s go with a different TS company! Westgate is great! Interest rates at only 3 percent! Westgate even refinanced all my other Wyndham TS loans that had ripoff 20 percent!”

    Then came the Westgate liens and foreclosures.
     
    Last edited: Aug 14, 2019 at 8:43 PM
    Gypsy65 likes this.

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