Saturday, September 26, 2009

Torrenza at Facebook.

We have also been "suckered" into buying by Torrenza and I have posted the following in a group call Torrenza at Facebook.

Have you been told "We guarantee to purchase your time share for $------US as well as We guarantee to rent your time with Torrenza for the first five years for $------US"

Did this make your eyes light up and then when they showed a "guarantee" with two sets of figures on it, did you go WOW!! this is a great deal.

Well you now have 5 DAYS in which to rescind your contract and my advise is do it now! Do NOT wait.

Two Points WHY!!

1. Item 9 ( Section B) of the contract reads,

Member has not received or relied on any promise, offer or inducement of any kind, oral or written, not set forth in this agreement. Member agrees that this agreement shall constitute the entire agreement of the parties, and shall supersede all prior or contemporaneous agreement, written or oral. The company sall not be obligatedbeyond the express terms set forth herein. Membership is intended for the use of members and guests, not for rental or investment. Company makes no representations regarding the market for vacation interval of exchange.

2. The paper they show you with the prices disappears and is replaced by a letter (signed by a Torrenza representative) that reads,

We guarantee ro accept into inventory your (timeshare name) membership consisting of (description of your timeshare) for a total value for sale of $------ for liquidation in 150 days.

The magic play on words here is guanantee TO TAKE INTO INVENTORY. They do NOT guarantee a sale at all.

The Guarantee to rent your property is the same wording..Guarantee to accept into inventory for rental return. Again no guarantee to rent (which is kind of hard to do since it is not even built yet!!

Item 12 of the contract explains how to rescind the contract.

Member has the right to rescind this agreement bywriting and stamping original signature within five days afterthe date member signed this agreement by,

A. Returning all documentation to the member service representative at the resort and obtaining a signed receipt therefore, and

B. sending written notification by CERTIFIED mail, return receipt requested to the contact centre. ( the address is there in the contract).

If done within five days, you should receive a refund in 15 days, if done outside of the five days you do not get a refund of you deposit (all this is stated in Item 12.)

There is more in the contract that you need to read carefully!!

If it sounds too good to be true..it is!!

We are presently trying to find any help we can get to get out of this contract, we are talking to Profeco and looking for a lawyer in Mazatlan, but after reading the contract very closely, we think the best we could do is writeoff our deposit and cancel the contract.

4 comments:

  1. A lot of you people have only put down a deposit and good for you. We paid our deposit through a Bank of America credit card then had 30 days to pay off the rest. And we did with all our savings. We are into this fraud for $25K and so are our friends for another $25K. Thus far, BofA refuses to acknowledge this fraud. Isn't BofA responsible for the companies/countries they offer credit services t0?

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  2. there seem to be people who have been successful in getting the B of A to refund when they outline the fraudulent nature of this company. Also a website called the owner's advocate might be able to help.

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  3. i,m sorry, but as a multiple timeshare owner and someone who has attended many presentations... i don,t feel sorry for you... you bought because of greed which is not the right reason..

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  4. I am looking for info about First American Services out of OK who say they are brokering for a company that is trying to purchase the property where the Towers are supposed to be. So far no money upfront. Has anyone been working with them. Our contact is Daniel Luke.
    JackieC

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