If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
We purchased a Bluegreen timeshare with 3000 points every other year with 3000 bonus points each year for the first 2 years. The cost was $7,000 direc t from bluegreen resorts, Florida.
The salesman said that he would take the closing costs up front as a deposit and that he would open escrow for 45 days, upon which a balance of about $800 would be due to close escrow.
The escrow should be closing in mid August, however as I have read here on this forum, it appears that perhaps this is not a true "escrow" and we didn't really purchase "Real estate" either, as they had lead us to believe.
Can anyone advise? In a true escrow on a home, you can back out of the deal during escrow at anytime, although you might lose any deposit you put up.
Can I still get out of this deal, since the escrow has not closed and therefore the deal has not actually been completed?
Please post your response her and PM me, as I will not log in here very often.
I noticed a recent Attorney General settlement with bluegreen in another state that perhaps can be used as leverage in this situation.
(Any sleazey timeshare salesmen, please fell free not to reply to me)
We purchased a Bluegreen timeshare with 3000 points every other year with 3000 bonus points each year for the first 2 years. The cost was $7,000 direc t from bluegreen resorts, Florida.
The salesman said that he would take the closing costs up front as a deposit and that he would open escrow for 45 days, upon which a balance of about $800 would be due to close escrow.
The escrow should be closing in mid August, however as I have read here on this forum, it appears that perhaps this is not a true "escrow" and we didn't really purchase "Real estate" either, as they had lead us to believe.
Can anyone advise? In a true escrow on a home, you can back out of the deal during escrow at anytime, although you might lose any deposit you put up.
Can I still get out of this deal, since the escrow has not closed and therefore the deal has not actually been completed?
Please post your response her and PM me, as I will not log in here very often.
I noticed a recent Attorney General settlement with bluegreen in another state that perhaps can be used as leverage in this situation.
(Any sleazey timeshare salesmen, please fell free not to reply to me)
Thanks,
CaliGuy
Originally posted by akparsa
You posted this in a DRI thread, so you might not get any attention from those who know Bluegreen.
I don't know anything about escrow myself, but the timing you describe makes it sound like you'd be past the normal rescission period.
If you CAN rescind, I would do it immediately as you didn't get a good deal. If Bluegreen is right for you, you can definitely do better. I wonder from the name Caliguy if you live in California...and if you do, I would really question whether Bluegreen is the best fit for you.
I would suggest you repost in the bluegreen thread and see if any of the Bluegreen experts can help you regarding the escrow / rescission question.
Tweet
CaliforniaGuy needs help with Blue Green
Comment