Original Message:
I just got scamed into buying two timeshares from developers? Help??????? (by Nathan C.):
In march of 08' i went on vacation to myrtle beach, south carolina, with some friends. At the time i knew very little about timeshares(i havent traveled much in my life, im 25. Some guy promised me many things if only i would attend a 90 min. presentation. i was like sure, when is it? After all is said and done, i got robbed for over $20k for 2br lckoff in starwoods' sheraton plantation. Now fast forward to october 08, when i book to a trip to DR from starwoods exchange company II. The resort was horible(old and nasty). While i was at the beach, a guy aproach me and told me that i could spend the rest of my vacation at a much better 5* resort at no extra cost. The guy took me to a salesperson who told that his company would buy back my resort at myrtle beach for whatever amount i bought it for and the price would then be deducted from the total price i would pay to buy into their club. I told him i just bought the thing a few months ago and i have a mortgage on it, he reassured me that he would still be able to buy it from me. The whole thing sounded interesting to me(plus, i like DR). things such as no yearly maint. fees, you pay a fee only when you use your week. I can use my 4br villa all 52 weeks of the year as apose to other timeshares when you only get one week out of the year. The salesperson took me for a tour of the resort, i have to admit the place was amazing. you get a golf cart to ride around, a personal chef and your own private pool... so i bought it, knowing that thay will buy my other timeshare, which im paying over 1k for yearly maint. fees. about 2 months ago i called the resort in DR telling them that im ready to sell them my other timeshare. You know what they told me... they can buy it only if its payed in full. I told them the salesperson told me that this wouldnt be an issue, they told me that i might have heard him incorrectly. Now im stuck with 2 timeshares and tens of thousands of dolars in debt.