I agree with much of what IVFmom wrote. I too was taken in somewhat by the promise of rentals thru Sierra Club Rentals only to find that the written promise only states that they will "accept" my weeks into their inventory - not the guarantee that was described to me.
When we purchased our weeks, we effectively took a line of credit with Bank of America (BOA) for the amount due, such that Torrenza was paid directly by BOA and our loan contract is with BOA. Thus, after the 5 day waiting period, we cannot refuse to make payments, as our loan contract is with BOA not with Torrenza.
If you didn't cancel the contract exactly as defined in the contract within 5 days, my guess is that you will remain legally liable for the amount due.
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.
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.
Rescind
Please take that contract back and rescind!!!!!!
TRUST ME. I am fighting with these guys as we speak. Everything they promised me are total lies. I have filed a Profeca complaint, and are considering my legal options with attorneys in Mexico to take them to court.
Do not believe the guarentees they give you from Sierra. You will find out after the 5 day rescind period is over and be very sorry.
Feel free to PM me for info. I am making it my life mission for now to warn as many potential customers as I can, and hopefully help some people out before it's too late.
TRUST ME. I am fighting with these guys as we speak. Everything they promised me are total lies. I have filed a Profeca complaint, and are considering my legal options with attorneys in Mexico to take them to court.
Do not believe the guarentees they give you from Sierra. You will find out after the 5 day rescind period is over and be very sorry.
Feel free to PM me for info. I am making it my life mission for now to warn as many potential customers as I can, and hopefully help some people out before it's too late.
Monday, September 14, 2009
Anymore info anyone?
Anymore info anyone?
Why, might I ask?
I'm calling them again this week, and their brokerage firm, Sierra, just to see what is up.
I heard from a contact in Maz that the sales office got demolished back in April ... after we left. So, I want to get the scoop as what is happening.
NO more money for them, until I get a written guarantee - in Spanish too - of their promises.
No guarantee. No money.
I'll write the deposit off as a lesson learned the hard way.
My wife and I are in agreement with that aspect of it. We have drafted up some serious questions to ask by phone.
I'll be weighing in heavily into whomever I get on the phone, and I won't be tolerating any procrastination.
Why, might I ask?
I'm calling them again this week, and their brokerage firm, Sierra, just to see what is up.
I heard from a contact in Maz that the sales office got demolished back in April ... after we left. So, I want to get the scoop as what is happening.
NO more money for them, until I get a written guarantee - in Spanish too - of their promises.
No guarantee. No money.
I'll write the deposit off as a lesson learned the hard way.
My wife and I are in agreement with that aspect of it. We have drafted up some serious questions to ask by phone.
I'll be weighing in heavily into whomever I get on the phone, and I won't be tolerating any procrastination.
BEWARE LA TORRENZA!!
BEWARE LA TORRENZA!!
Be aware of a major time share scam in Mazatlan. La Torrenza is a major scam and the sales people are rip off artists. Remember the old saying, "If it sounds too good to be true, it is". This is a major Ponzi scam. Beware of Alfredo and hsi sidekick Trevor. They are liars and can not be trusted. Scams like this should be outlawed in Mexico.
If you are a victim of these predators, contact PROFECO to see if they can help you.
Be aware of a major time share scam in Mazatlan. La Torrenza is a major scam and the sales people are rip off artists. Remember the old saying, "If it sounds too good to be true, it is". This is a major Ponzi scam. Beware of Alfredo and hsi sidekick Trevor. They are liars and can not be trusted. Scams like this should be outlawed in Mexico.
If you are a victim of these predators, contact PROFECO to see if they can help you.
We just bought with Torrenza. :(
We just bought with Torrenza in March 2009 and I think it's a big scam. We tried to email then and our email would never send. We have phoned and left messages with them and they never return your call. We did finally contact someone and they say we will call you back and never did. The guy we bought from gave us his email address and said email me anytime you have questions and his email is fake also. I just love it when I get screwed. I knew we should not have bought with them , I advise others not to buy with Torrenza also.
Torrenza Criminals
Sadly, we got sucked in and bought at Torrenza. After reading all of the paperwork carefully, we spent the next 2 days ungoing our purchase. Nothing that we had been promised was in the contracts!!!!! After following all of the necessary steps in the contract, we have heard nary a word from Torrenza and they have yet to refund out $$. This group is a bunch of criminals, stay away from them.
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