Original Message:
Re: HELP. Deposit has been made. Paperwork completed. Now the Buyer is trying to back-out of the sale. (by L M.):
We recently were involved in purchasing a resale week that was advertised here on Red Week. This seller was harassing and unreasonable to the point that my husband became extremely suspicious of the seller. My husband was against buying this property from this seller from the beginning and I am the person that assured him the sale would be fine. It appears at this point most of the purchase is finished. There are a few details that I did not address in the purchase that we are working out with the resort but look like it will be fine. But we don’t always listen well to those that are closest to us.
Here is our personal experience with a recent purchase of a resale timeshare if anyone would like to read about it. After the paperwork arrived from the title company, (which happened to be First American title, and was perfectly professional and prompt throughout the entire process), we started to coordinate and make arrangements to get the needed signatures and payment in place. Around work schedules, severe weather, power and internet failures, out of town business trips other personal commitments we still made the rounds to the notary and bank.
In our case we were making all the reasonable efforts to do the closing and it was completed in around 1-1/2 weeks from the time we received the escrow paper work, which we thought was good.
The seller however, made 2-3 calls a day 2-3 times a week to me personally at work and home and sent numerous emails wanting to know what was going on and what the holdup was, each one more hostile than the first. The communication accused us of lying and being other than forth right in or efforts because he was able to get his end done in 1 day.
Even though we still wanted to complete the purchase we made an offer to the seller that the seller could stop the transaction and look elsewhere. We thought that from his actions he was either not who he presented himself to be or found another buyer.
This only served to incite him further and he sent even more derogatory emails to me.
This caused my husband to insist on an investigation by our attorney of the transaction, which delayed the closing even further. Despite all of this we still closed by the date the seller had specified in the contract.
On top of all this as an enticement to purchase this particular timeshare the seller promised to provide a $100 "refund" to us as soon as the closing went through because he had made a "mistake" on the purchase price on the contract when he wrote it up and would have to start all over again to fix it. This should have been a flag to walk, no run away from this seller.
This is money, no doubt, we will never see judging by the actions this seller has done. Another lesson learned. Get the contract right from the beginning.
The bottom line is if a seller is unreasonable in their expectations it causes suspicion and both parties start getting anxious about the transaction. This particular poster may not have had the same situation as we did. But perhaps this poster may have come across differently than it appears in this post.
It is not always as clear cut as this post presents.
This was our personal experience and not all purchases are the same. I am only sharing this experience we recently had to possibly help others in future timeshare purchases on the resale market.