Report Abuse

I don't know about the mafia part, but they are definitely con artists. In January I succumbed to an owner update (every time I swear I'll never do it again and then I get taken in by the $100 bribe). Anyway, I was quite interested in this buy back scheme which GUARANTEED they would buy your unit back at any time for a certain percent of your equity. Of course I would not sign anything on the spot and they would NOT give me a copy of the proposal they offered (of course not!) They did a CYA by giving me a copy of a different and very expensive offer. So, I called back the next day and said I had perused the Wyndham website and catalog and could find nothing referring to a buyback program and wanted them to send me the policy in writing. They wouldn't do that. They said they had offered me a contract that they had bought back that contained the promise. I said if it wasn't in writing anywhere as a Wyndham Policy then it didn't exist. They argued strenuously against that line of reasoning, but the conversation ended there. [Q=notb] Wyndham is nothing but a scam. DO NOT invest any money in their buyback program. It's just another way for them to steal money from you. If you were as stupid as I was and purchased a Wyndham property, your best bet is to pay it off then find a company to donate it to. The only reason that Wyndham is still in business is that they do not record their salespeople when they are selling the timeshares to people. If they did, they would be convicted of fraud. I was told that A. My timeshare would increase in value, B. If I ever wanted to sell it, I would be able to make a profit, and C. The mortgage would be tax deductible. All of these were lies. The buyback program is just another opportunity for them to stick it in a little deeper. If anyone is reading this, I have an idea: Get a group of people together, and each of you send letters to 10 senior homes explaining what Wyndham really is (a legal con operation). This might make it harder for them to screw people during the sales presentations. That's all. P.S.: Wyndham is mafia owned. The reason I didn't put my real name and email address in here is that I don't want to get shot walking to the bus one morning.[/Q]