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Re: Montecristo Villa Purchase or not to Purchase (by Susan H.):

rickw127 wrote:

davidb645 wrote:

Ari, run away from Montecristo as fast as you can, as it is a terrible deal. I should know, as I bought there almost three years ago and I have been trying to sell my unit for almost 2.5 years. I am now trying to get 50% of what I paid for it.

Ari, we purchased a Villa at Montecristo estates in July and after reading a number of comments, we are beginning to question our decision and wonder what options we have at this point. The actual monthly payments are scheduled to begin in a couple of weeks. Can we terminate the contract and lose the deposit? Any feedback would be greatly appreciated.

We are also attempting to cancel our contract purchased in July as well, and have not paid our monthly payments as it is currently under dispute with our cc company. They will get the collections folk coming after you in no time. We sensed, as you did, that we had been "sold" by a slick but nice salesman, and noted several misrepresentations within weeks of signing, but not early enough to be within the 5 day window. Any feedback from others will also be greatly appreciated. Not only do they want the earnest money ( we were willing to lose this to get out of the deal)...they want to hold you to the contract for the full amount, and take your credit rating down with it. So much was simply NOT in writing at the time we bought. How I wish we had all those smooth words either recorded, or in writing.