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Vida Vacations Selling Deeded Timeshare?

The Deed: If you think you own a deeded interval of time with Vida Vacations you're sadly mistaken. What they explain is that you can upgrade to their PRC program, which has a deed...perpetuity, whatever they may say. The deed recording sales shows in Recitals (Company declares) is in fact deeded to the developer, who then divides that deed into one week intervals and packages them. Make no mistake that is the developer’s deed....not yours! You will never receive an actual deed as you would in the US. If it was deeded you would have visited a Public Notary, and sign "the book" which is law in Mexico with all deeded property. Vida Vacations sells "right-to-use" (RTU), unless you actually purchase a condo outright. Clause 1 of recitals explains this clearly. You may trade-in the RTU contract to purchase a deeded property, which means you need to spend a lot more money, the RTU equity that you would use to buy a condo cannot exceed 20% of the purchase price. Which means you'll pay 80% of the asking price. If you have a $150,000 RTU equity and you want to buy a $400,000 condo you would only be able to apply $80,000 of your equity. But there's a chance sales will inflate the sticker price as they do with the timeshare, in which case you will pay close to full price for the condo and effectively receive little or nothing for what you trade in. This is done with full knowledge of Corporate Management as well as Ownership. It is viewed as creative selling, although those who are on the receiving end of the scheme don’t see it that way. If you bought and none of what I mention were factors you have a great product. Ms. Rose I urge you to reconsider. JW