Original Message:
Re: Villas on The Lake conveys ownership to me without my knowledge/consent (by R P.):
loul12 wrote:I wish you all the luck in the world. I still say that they seem to do whatever and the member/owners, whether right or wrong, seem to have no recourse. I am currently at issue with my resort concerning maintenance fees. Each year, without fail, they have increased. With the current state of the economy, maintenance fees on a vacation home is not my number one priority. The property is deeded and fully paid for. I have contacted the AVP of Marketing and asked for an accounting (Corporate Financial Statemets), of which I believe an owner is entitled to (and I know I will never get), of where the maintenance fees are used. I had sent them a letter over a year ago about the economy, etc. I have been ignored on both occassions (which I knew would happen). I am currently receiving, what I feel are harrassing, at least bi-weekly notices. I am now trying to contact other owners at the resort (which I haven't been to successful at) hoping that there will be power in numbers. I have also emailed my state senator with my concerns about the whole Timeshare industry.I am a realist and deep down feel/know probably nothing will be accomplished but I will make the effort. I applaud you for your fighting spirit, most people are to complacent and that is why most scam artists get away with what they do. There are thousands of timeshare owners and forums are nice, but petitions are better. Once again I wish you all the luck in the world. Keep u informed, thanks.
Maintenance fees are a resort's bread and butter ... they depend on them to survive. Unfortunately, when you signed on the dotted line to buy your timeshare week you also signed to pay yearly maintenance fees until the week is sold and/or changes ownership.
If you default then they can come after you AND ruin your credit rating if they have to foreclose on your week. That's the nature of the beast when owning any timeshare .... rising yearly maintenance fees and possible special assessments.