DVC RESALES
DVC RESALES

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Old 03-01-2013, 04:59 PM   #1
Silver Queen
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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?
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Old 03-01-2013, 05:26 PM   #2
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If it seems too good to be true, it probably is. Have you googled that company, and/or checked with the BBB?
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Old 03-01-2013, 06:17 PM   #3
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...we received an unsolicited call from Creative Travel Choice...
they are looking for suckers. don't be one.
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Old 03-01-2013, 06:20 PM   #4
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Quote:
Originally Posted by Silver Queen View Post
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.
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Old 03-01-2013, 06:26 PM   #5
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Originally Posted by WebmasterDoc View Post
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.
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Old 03-01-2013, 06:39 PM   #6
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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.
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Old 03-01-2013, 08:36 PM   #7
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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.
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Old 03-01-2013, 09:03 PM   #8
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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.
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Old 05-31-2013, 01:44 PM   #9
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Quote:
Originally Posted by Silver Queen View Post
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?
Definitely a scam. You can buy Orange Lake timeshares on ebay for pennies on the dollar. I have never heard of a company offering money for timeshares to sell to "corporations" that is not a scam. I know an old guy who owns a Wyndham timeshare and gets several of these offers every day.
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Old 06-04-2013, 08:26 AM   #10
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My moms best friend owns here and she's taken trips with her friends and family to Wisconsin, Vegas and of course stayed there. She doesn't have any complaints at all. Maybe you can rent it out when you don't use it. I would just work with it as it may not be that bad after all!
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Old 06-04-2013, 04:47 PM   #11
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My moms best friend owns here and she's taken trips with her friends and family to Wisconsin, Vegas and of course stayed there. She doesn't have any complaints at all. Maybe you can rent it out when you don't use it. I would just work with it as it may not be that bad after all!
The problem with renting out so so resorts in Orlando is that it's difficult to even get your maint fees back. A 2 BR during the summer might go for $600-800 if you're lucky, a 3 BR a little more.
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Old 06-05-2013, 09:32 AM   #12
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good rule of thumb dont buy a timeshare period..i always rent points from others..so maint fees..which keep going up..no being tied down if i dont want to vacation one year.. a little late now but for anyone considering it....dont do it
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Old 06-05-2013, 10:30 AM   #13
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good rule of thumb dont buy a timeshare period..i always rent points from others..so maint fees..which keep going up..no being tied down if i dont want to vacation one year.. a little late now but for anyone considering it....dont do it
You do realize that the vast majority of the people who frequent this board have bought timeshares - DVC. So are they right or are you right? If not for us, you could not do what you do.
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Old 06-05-2013, 02:23 PM   #14
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I've owned a fixed week at OLCC for more than 22 years. While I much prefer DVC we've had some nice vacations there also. My husband enjoys the golf and my son always found something to do. I've used it for some decent trades with RCI over the years too. I will admit though that every time they sucker me into an "update" I call my DVC guide and add on points at DVC instead of OLCC. Not sure if the points work the same way in RCI as my fixed week, but with the changes RCI has made and the fact that we vacation at less busy times of the year I now can get several weeks in RCI for my OLCC week. Good Luck with it.
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Old 06-05-2013, 05:39 PM   #15
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good rule of thumb dont buy a timeshare period..i always rent points from others..so maint fees..which keep going up..no being tied down if i dont want to vacation one year.. a little late now but for anyone considering it....dont do it
riiiight....
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