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-   -   Timeshare Mistake (http://www.disboards.com/showthread.php?t=3073256)

Silver Queen 03-01-2013 04:59 PM

Timeshare Mistake
 
We were in Orlando in January spending a few days before our Fantasy cruise. We went to a timeshare presentation at Orange Lake Resort and ended up buying. I don't know what came over us. We're not impulse buyers, but the possibilities of using the points for RCI seemed to be very attractive at the time. Well, the next day we left for our cruise and were not in the country for the one week period where you could rescind your decision. We now have some major regret. We could have spent that money for additional DVC points and would also had access to RCI if we wanted it.
I was wishing that something might happen to give us an out (a very unrealistic wish) when today we received an unsolicited call from Creative Travel Choice. They apparently got our name and number from Orange Lake. They have a program where you can contract with them and they rent your points to large corporations that are looking for resorts to send their employees to. The prices they quoted to me were very attractive and there was no commission. The contract for the rental would hold the corporations liable for any damages, not the timeshare owner. Has anyone ever heard of this before? We had no intention of buying a timeshare to make money, we just weren't comfortable with what we bought. It seems too good to be true.

Thoughts, anyone?

Tamar 03-01-2013 05:26 PM

If it seems too good to be true, it probably is. Have you googled that company, and/or checked with the BBB?

chalee94 03-01-2013 06:17 PM

Quote:

Originally Posted by Silver Queen (Post 47669146)
...we received an unsolicited call from Creative Travel Choice...

they are looking for suckers. don't be one.

WebmasterDoc 03-01-2013 06:20 PM

Quote:

Originally Posted by Silver Queen (Post 47669146)
We were in Orlando in January spending a few days before our Fantasy cruise. We went to a timeshare presentation at Orange Lake Resort and ended up buying. I don't know what came over us. We're not impulse buyers, but the possibilities of using the points for RCI seemed to be very attractive at the time. Well, the next day we left for our cruise and were not in the country for the one week period where you could rescind your decision. We now have some major regret. We could have spent that money for additional DVC points and would also had access to RCI if we wanted it.
I was wishing that something might happen to give us an out (a very unrealistic wish) when today we received an unsolicited call from Creative Travel Choice. They apparently got our name and number from Orange Lake. They have a program where you can contract with them and they rent your points to large corporations that are looking for resorts to send their employees to. The prices they quoted to me were very attractive and there was no commission. The contract for the rental would hold the corporations liable for any damages, not the timeshare owner. Has anyone ever heard of this before? We had no intention of buying a timeshare to make money, we just weren't comfortable with what we bought. It seems too good to be true.

Thoughts, anyone?

FL law provides for a 10 day rescision period where you may cancel your timeshare purchase. If you are still within 10 days, it might be worthwhile exercising that right.

mousefan1972 03-01-2013 06:26 PM

Quote:

Originally Posted by WebmasterDoc (Post 47669843)
FL law provides for a 10 day rescision period where you may cancel your timeshare purchase. If you are still within 10 days, it would be worthwhile exercising that right.

OP said this happened in January, so they are well past the rescission period, unfortunately.

OP, I agree that if it seems too good to be true, it probably is. I would see if you can sell your ownership. Seems like you got into something you don't really want. Hope it works out for you. :goodvibes

Silver Queen 03-01-2013 06:39 PM

Thanks, Everyone for your thoughts. I checked out their website and saw a few other references to them when I Googled them. BBB didn't have them listed. I'm going to do some investigating and see where they got our name and phone number. I know that names of buyers are public information. I suppose that it wouldn't be that difficult to find a phone number. The man that I spoke with said that they sometimes go to timeshare presentations to talk to people. It will be interesting to see what Orange Lake has to say about this. The more I think about it, the more I believe that they didn't pass on our phone number. I'm going to be real careful not to compound our first mistake with another.

Dean 03-01-2013 08:36 PM

Known scam, don't fall for it. As noted, it's a 10 day period to cancel but when it starts is the question. Go through FL statute 721 for the cancelation options and requirements to make sure all of the documents were delivered that start the clock ticking. It's likely they were but make sure. Also make sure the contract specified the required elements from Fl statue 721, if not, you have a year to cancel. Again, it's likely they did their part correctly.

Sorry this happened and it could be even worse than you think if you were hoping you could trade back in to DVC using OLCC, you can't because DVC blocks trades from those who own within 30 miles.

Silver Queen 03-01-2013 09:03 PM

Quote:

Originally Posted by Dean (Post 47671167)
Known scam, don't fall for it. As noted, it's a 10 day period to cancel but when it starts is the question. Go through FL statute 721 for the cancelation options and requirements to make sure all of the documents were delivered that start the clock ticking. It's likely they were but make sure. Also make sure the contract specified the required elements from Fl statue 721, if not, you have a year to cancel. Again, it's likely they did their part correctly.

Sorry this happened and it could be even worse than you think if you were hoping you could trade back in to DVC using OLCC, you can't because DVC blocks trades from those who own within 30 miles.

No, we weren't thinking of trading back into DVC. Our thought was to have some other resort experiences besides Disney. We pretty much decided that we wouldn't use points at OL because we'd rather stay at our DVC when we're in Orlando. I just wish that we'd invested in more DVC points instead of this.
I appreciate everyone's warnings about the scam. Do they really swindle you or is it just a poor investment. We were told that a lifetime contract to allow them to lease our OL points would cost $1495 up front (one time only). They then said that they could rent our points for $2800-$3000 a year. They said that they do not take a commission as the companies that they find resorts for give ether a finder's fee. As I said above it sounded too good to be true.

Dean 03-01-2013 09:06 PM

Quote:

Originally Posted by Silver Queen (Post 47671433)
No, we weren't thinking of trading back into DVC. Our thought was to have some other resort experiences besides Disney. We pretty much decided that we wouldn't use points at OL because we'd rather stay at our DVC when we're in Orlando. I just wish that we'd invested in more DVC points instead of this.
I appreciate everyone's warnings about the scam. Do they really swindle you or is it just a poor investment. We were told that a lifetime contract to allow them to lease our OL points would cost $1495 up front (one time only). They then said that they could rent our points for $2800-$3000 a year. They said that they do not take a commission as the companies that they find resorts for give ether a finder's fee. As I said above it sounded too good to be true.

It's a scam, you'll pay and get nothing in return and likely can't even get in touch with them in 6 months.

Silver Queen 03-01-2013 09:54 PM

Quote:

Originally Posted by Dean (Post 47671462)
It's a scam, you'll pay and get nothing in return and likely can't even get in touch with them in 6 months.

Thank, Dean. We'll steer we'll clear of this!

Chuck S 03-02-2013 07:06 AM

I would steer clear of any unsolicited service regarding any timeshare. If SIlver Queen would like to rent out their Orange Lake timeshare, perhaps Ebay or TUG would be the way to go. I doubt they'd get anything near what they were quoted for the rentals by the scam site, but they should at least be able to recoup their maintenance fees, and maybe a little toward the principal.

Silver Queen 03-02-2013 09:29 AM

Thanks, Chuck. We had already resigned ourselves to try it out for a few years. We could do a week at Orange Lake or see what RCI resorts we might be able to exchange into. As a last resort our points can be used for non-expiring Priority Club Holiday Inn stays, not the best value, but it will help with the MF if we don't use the points for resorts. I checked out The Timeshare Store and I believe that they also offer Orange Lake resales. Fortunately, this will not be a hardship, just a pain. I've been on the Disboards for several years and have always admired the way that posters come forward to offer information and advice to others and I really appreciate everyone's contributions.

CarolMN 03-02-2013 09:37 AM

Quote:

Originally Posted by Dean (Post 47671462)
It's a scam, you'll pay and get nothing in return and likely can't even get in touch with them in 6 months.

Quote:

Originally Posted by Chuck S (Post 47673312)
I would steer clear of any unsolicited service regarding any timeshare. If SIlver Queen would like to rent out their Orange Lake timeshare, perhaps Ebay or TUG would be the way to go. I doubt they'd get anything near what they were quoted for the rentals by the scam site, but they should at least be able to recoup their maintenance fees, and maybe a little toward the principal.

Completely agree!

Any service related to a timeshare that asks you to pay a fee up front should be avoided, ESPECIALLY if they contact you.

Brian Noble 03-02-2013 01:12 PM

In fact, if someone is calling *you*, unsolicited, for *anything* having to do with a timeshare, it is almost certainly a scam, period.

The Prophet 05-31-2013 01:22 PM

Don't Want to scare you ....
 
But you may have a special assessment to settle a multi-million dollar lawsuit against Orange Lake Resort

http://westorlandonews.com/2012/08/2...-childs-death/

Sad, tragic story


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