How To Rescind - The Berkley Group & The Grandview

[hosta Junior Member Find all posts View Profile Close hosta]

VIVA vacation points- rescind Help

Hi,

I am totally new to this forum and realized and feel I have been dupped. Just purchased into Viva vacation points. Want to rescind but the contract is guided by the Laws of Panama. Any suggestions and support would be great.

[JWC Super Moderator Find all posts View Profile Close JWC]

Also, I have no idea how to stop the automatic payments that come out of my checking account every month.

One way to stop the automatic payments is to close your checking account and open another one. You can do this with the same bank. Just tell them that you think your account has been compromised.

[wildmagic Junior Member Find all posts View Profile Close wildmagic]

I purchased Grandview of Las Vegas last November, 2010. At the time they said I could transfer my weeks to points. They didn't say future weeks, just weeks. I have 4 weeks booked in RCI and when I went to transfer them they said they couldn't because they were past. Also, the salesman didn't tell me I had to transfer future weeks 90 prior to the date or I would start to lose points. I lost half the points. I have contacted the salesman and the mortage people in Las Vegas and they claim their is nothing they can do. I explained they ommitted important information. I might or might not have purchased if I knew my old weeks were nontransferable. Also not being told I should transfer my weeks or lose points. They say this is an RCI problem, but of course RCI says it is not. Any suggestions of what my next steps should be as I have hit a wall with the people in Vegas? Can't get anyone's phone number higher than those I already spoke with. Thanks in advance for any advice.

[Zoe Junior Member Find all posts View Profile Close Zoe]

Hi there, I think this may be the wrong thread but it's all so confusing. I live in the UK and purchased a week at eldorado reorts in Las vegas about 3 years ago. We didn't understand it and thought it would come in useful for a holiday so we paid the money and saved our weeks. When I went to use them I was told all they had available was a campsite and some of my weeks hadn't been saved.
We had been told we had to sign their loan paperwork there and then and we could change it to a lower interest rate when we got home. Everything they said was a lie and a £6,000 timeshare will end up costing us nearer £30,000. we tried all we could think of to sort it out but we finally just cancelled the payments.
I know this is probably the worst thing we could have done but I wondered if anyone knows what will I should be expecting to happen now. There were lots of phone calls ending in some snotty women getting annoyed with me and hanging up. (she was english not American) We did this on the advice of one of the people at the end of the phone who said the rule are different over in the US and we can't be chased for the money over here but this seems doubtful. I'm just witing for the bailiff to come knocking at my door.
Does anyone have any information that could help me.

Hi there,

I know this is probably a long time after you have (hopefully) resolved this problem, but I hope I can ask your help. My husband and I live in Australia and have also recently signed up for this same timeshare at the Grand View (I wonder if we could argue against the legitimacy of our signatures if we were under the influence of alcohol at the time of signing - not that we were of course.. ). Of course we were still on holiday when the 5 day cooling-off period ended and so had no chance to cancel in time. Did you have any luck with just cancelling your credit card payments? Were you able to get any of your deposit back? We, too, are wondering if we will be hounded for our payments and how on earth we can get out of this mess.

I hope you can help..

Zoe.

[jewels37 Junior Member Find all posts View Profile Close jewels37]

I wish I has seen all of this when we bought our Timeshare from Grandview a year ago. We told them repeatedly that we didn't have enough money in our budget for the timeshare, but after four hours of their tactics and lowering and lowering the overall price and payments, we finally (regretfully) gave in.

Now, a year later, my wife's wages have been cut dramatically and the fees keep stacking up. So far, we haven't missed a payment, but I don't see that continuing much longer -- especially on something that we have yet to use. As best I can figure out, we've made about $2600 in payments, give or take. I did contact [link disallowed] a few months ago and they wanted about that much in legal fees to take care of it -- though they did say that they could probably get all of the money from El Dorado and Grandview back in a few months.

I really want out of this horrible situation. I feel almost suicidal about it, which is probably why I try to block it out so much. My fear is that using $2500 more money on the chance that I can get out of it is putting good money after bad -- especially if it goes nowhere.

I'v also thought of stopping payments but I have excellent credit and would hate to ruin that over this, though it seems inevitable in one way or another. Also, I have no idea how to stop the automatic payments that come out of my checking account every month.

Is there anywhere I can turn? Is a consumer group a reputable option? Or am I stuck in this nightmare which may very well ruin my life?

I want to know if you ever sold it and what you did. I am in the same predictament and not knowing what to do.

[jewels37 Junior Member Find all posts View Profile Close jewels37]

eldorado resorts

I want to know if you ever sold it and what you did. I am in the same predictament and not knowing what to do.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

I want to know if you ever sold it and what you did. I am in the same predictament and not knowing what to do.

Selling any timeshare now is extremely tough. If you want out your best bet is to offer it to anyone willing to pay the cost of closing. If you owe anything on it it will be virtually impossible to even give away. In that case go to the developer / loan company and ask to deed it back. IF they accept you can get out that way if not you'd have to consider letting it go unpaid & thus risk your credit with possible foreclosure or pay it off and then give it away for the future fees. Good luck.

[So sick and sorry Junior Member Find all posts View Profile Close So sick and sorry]

Want out

It's been 11 days but is there any way we can still get out of our timeshare? They told us nothing about the time limit, it never was brought up at all. The lady said she was going over eberything and I should have known what a liar she was. I am just sick and scared and I want out.

[hedykay Junior Member Find all posts View Profile Close hedykay]

Rescinding

I can't check this forum often, so I would appreciate just emailing me or whatever you can.

Purchased TimeShare at Grandview a couple years ago and wondering if there is anyway of getting out of this? There were many instances of being told something at the presentation that wasn't true and I just cannot afford this. I have spent in 2 years of mortgage payments of what I could have spent on several cheap vacations. I have not gotten to use it yet. One of the main reasons of buying this was to help rebuild my credit with the 'mortgage' payments, I even have paperwork stating it will help rebuild my credit...yet it has never shown up on my credit report and when I called, she said something about it being a private type of loan.

Anything I can do now a couple years later????? I have tried to sell it.

HELP.

[bad choice Junior Member Find all posts View Profile Close bad choice]

not sure where to start or who to trust

Purchased a timeshare at Grandview in Las Vegas as well. On 11/06/2011. Full of regret now. What can I do to make it go away. I don't care if I have to just give it up and make the mortgage disapear

[fishingguy Member Find all posts View Profile Close fishingguy]

sorry

You are going to have little success in rescinding a timeshare after the rescission period had expired. You aren't going to have any success in selling a timeshare that has an outstanding mortgage or is behind in maintenance fees, since they are being sold for pennies on the dollar if free and clear. [You might be able to include it in a bankruptcy proceeding, should you be to that point with your finances.]

Whatever you do, don't pay a huge up-front fee to have someone else supposedly sell it for you -- regardless of what they tell/guarantee you, or the price they say they have a seller at. Or you'll be out the fee and in the same situation you are in right now. There are a lot of scams right now taking advantage of distressed owners.

Sorry, but the best hope you have is to learn to use the property....

[phelps9124 Junior Member Find all posts View Profile Close phelps9124]

What should I do

I went to Las Vegas recently and bought a timeshare from grandview, after research I found it was a scam. It is past the 5day cancellation. What can I do an Can I still rescind this timeshare? I have put a stop payment on my account. So what should I do next?

[phelps9124 Junior Member Find all posts View Profile Close phelps9124]

Its only been 16 days since I got the timeshare...I don't want it. Is bankruptcy the only way of getting rid of this timeshare?

[NOTIMESHAREPLS Junior Member Find all posts View Profile Close NOTIMESHAREPLS]

How To Rescind - The Berkley Group & The Grandview

I went to Las Vegas last month and bought timeshare through Grandview. I was travelling for few days after this contract and I did not find time to rescind in five days. After one week I realised I did a mistake by purchasing this timeshare.

I have sent them revocation form with all the materials I got from Las Vegas to their Florida office. But today I got a call and email saiying that they can not cancel this contract because I requested after five days. However they received my mail in 8 days but I was told that it should been within five days after signing the contract.

Now I see myself in big trouble...Can someone help me how to get rid of this contract now.

Thanks
Jitender

[JWC Super Moderator Find all posts View Profile Close JWC]

I think you are stuck with it. I know that is not what you want to hear but there is not much you can do if you didn't rescind within the 5 day period.

You aren't the first person to buy from a developer. I would suggest you try to make good use of it. The resale value is less than 10% of the developer price if that high and timeshares are very difficult to sell. Many people can't give them away for free let alone sell them.