Showing posts with label branson. Show all posts
Showing posts with label branson. Show all posts

WYNDHAM OWNERS TO SEE SPECIAL ASSESSMENT

Wyndham Resorts is planning a major overhaul, and you're paying for it. 14 of Wyndham's older resorts (Fairfields mainly) need to have major work to revitalize them. Remember when the salesman promised you that the maintenance fees would keep the resort looking as good as the day you toured it. That was a lie.

Attorney General Koster obtains restitution for consumer victims of timeshare sales company

Jefferson City, Mo. – Attorney General Chris Koster today announced that Welk Resort Sales, Inc., a California corporation that sells timeshares in Branson, has entered into an agreement to pay $18,000 in restitution to Missouri consumers who purchased timeshares from Welk. This money will be refunded to 15 Missouri consumer victims. In addition, any agreement between these consumers and Welk has been terminated.
The Attorney General’s Office had received consumer complaints about Welk, including being misled about the benefits from their timeshare ownership and how they could use, cancel or sell their timeshares.
Under the agreement, Welk will be required to ensure that its employees are complying with the laws of the state of Missouri, including the assurance that consumers are getting everything that they pay for, and that there are no material misrepresentations being made.
Failure to meet the terms of this agreement could result in further legal action being taken by the Attorney General’s Office.
“Timeshare purchases are a big investment on the part of consumers, who trust that they are being treated fairly by the sellers,” Koster said.  “I am pleased that we were able to obtain restitution for consumers and release them from unwanted contracts.”
Missourians who had a similar experience with Welk, or who suspect timeshare fraud in general, should contact the Attorney General’s Consumer Protection Hotline at 800-392-8222 or file a complaint online at ago.mo.gov.

Elderly Claim Timeshare Company Scammed Them

By Jennifer Kraus. CREATED Nov 17, 2014
NASHVILLE, Tenn. -- When you think of vacation timeshares, you may think of high pressured sales pitches.
But NewsChannel 5 Investigates found dozens of senior citizens who claim Wyndham Vacation Resorts goes way too far during its sales meetings.
Some of these seniors who are now suing Wyndham say they used to enjoy their Wyndham vacations, but then Wyndham changed its sales tactics.
Everytime they went on a trip, they were forced to attend what the company calls owners update meetings -- and that's when, these seniors tell us, their dream vacations and their lives turned into nightmares.
Among those victims: Mildred Folds.
"Nobody in my family knows -- nobody," Folds told NewsChannel 5 Investigates.
That secret is that the 76-year-old widow is deep in debt and owes more than $175,000 after she claims she was repeatedly tricked and harrassed into buying ttimeshare points through Wyndham Vacation Resorts.
The company locations around the world, including here in Nashville, Crossville, and the Smokies.
"I won't live long enough to pay it off," Folds said.
Houston and Brenda Garvin said the same thing happened to them.
"If I had it to do over, I'd never do it again," Houston Garvin said.
NewsChannel 5 Investigates asked, "How much do you think you lost?"
"Over $600,000," Brenda Garvin answered.
Both the Garvins and Mildred Folds are now suing Wyndham, the world's largest timeshare company, alleging fraud, theft by conversion, negligent misrepresentation, along with violations of the Tennessee Timeshare Act and Consumer Protection Act.
They claim they were pressured into buying more timeshare points than they could ever possibly use or afford.
"So how many points did you end up buying?" we asked the Garvins.
"Two and a half million," Brenda answered.
And Mildred Folds?
"3 million, 266, I think," she told us.
NewsChannel 5 Investigates asked attorney Ben Gastel, "So why are they buying more points than they need?"
"I think that's really the basis of our lawsuit," he replied.
Gastel now has 70 clients with claims against Wyndham, including the Garvins.
"Certainly, most of our clients are elderly. There's a substantial number of them that are on social security. Certainly, most of them are pensioners," Gastel explained.
And every time his clients took a vacation at a Wyndham resort, he said, they were forced to attend high-pressure sales meetings that lasted hours on end.
Mildred Folds insisted those meetings were nearly impossible to leave.
"I'm sitting there literally like this saying, 'I've got to go.' 'Well, just go ahead and sign this. Go ahead and sign this and then you can go,'" Folds recalled.
Folds also claims in her lawsuit Wyndham sales reps told her things to convince her to buy more points that ended up not being true.
"If I would just sign it, then they could lower the interest rates," she stated.
"Is that in fact what happened?" NewsChannel 5 Investigates asked.
"No, no," Folds replied.
She said Wyndham's salespeople also told her the company would buy back any extra points she didn't use. That too, she later found, wasn't exactly as it had been explained.
"Were you surprised to discover that?" we asked.
"Very surprised!" Folds answered. "Not only surprised, but -- he may need to bleep this out -- I was mad as hell that they would pull this trick!"
And the Garvins described similar meetings.
"Every time you'd go, it was something different. They'd tell you, 'Why did you do this? Why did you do that?' Well, we did it because we trusted 'em and thought they were telling us right," Brenda Garvin said.
Every Wyndham rep, the Garvins said, recommended changing to yet another plan which brought with it, higher costs.
"Would you say these salespeople are saying and doing whatever it takes to close the sale?" we asked the Garvins' attorney.
"Well, it would certainly appear that that's what is going on," Gastel answered.
In fact, a whistleblower lawsuit filed in California by former Wyndham employees claims that that's exactly what Wyndham tells its salespeople to do, though the company denied the allegations in court.
"It done about broke us," Brenda Garvin shared.
She and her husband recently had to simply walk away from their timeshare points, losing their entire investment, after they could no longer afford the $3,500 a month payment.
"It makes you feel bad when you think you've done something this stupid," Houston Garvin said.
And Mildred Folds said, "Yes, I'm embarrassed that I let myself get caught like this and then I get so angry at Wyndham for putting me through this."
Folds gets $2,300 a month from Social Security and her pension, yet her payment to Wyndham is a staggering $3,800 a month.
"How am I going to make it? What am I going to do next?" Folds wondered aloud.
She has resorted to selling her homemade jams and jellies as well as her mother's secret recipe yeast rolls.
But it's becoming clear to her that it's simply not enough.
"Am I going to lose my home? Am I going to lose everything I've got?"
NewsChannel 5 repeatedly reached out to Wyndham to get some comment or statement. We started last week with the corporate office in Florida and even contacted their local attorneys here in Nashville.
So far, there's been no response to any of our calls or emails.

BLUEGREENS TRUE COLORS

The partial article below pretty much cuts to the chase. Bluegreen's main focus is sales. Not providing owners with happy vacations but selling more VOIs or Vacation Ownership Intervals, so they can pay dividends to their stockholders who in turn can take you money and go on vacation themselves. I'm betting they do not own Bluegreen points. To read the entire article visit: http://money.cnn.com/news/newsfeeds/articles/marketwire/11G025179-001.htm

The following provides financial and other information regarding our assets, including our investment in Bluegreen and acquired operating businesses, our real estate joint ventures, and our BankAtlantic legacy portfolio of loans and foreclosed real estate.
Bluegreen Overview for the Third Quarter, 2014 Compared to Third Quarter 2013
Bluegreen Corporation: On April 2, 2013, BBX Capital acquired a 46% interest in Woodbridge Holdings, LLC ("Woodbridge"). BFC Financial Corporation ("BFC"), BBX Capital's parent company, owns the remaining 54% of Woodbridge. Woodbridge's principal asset is its 100% ownership of Bluegreen Corporation ("Bluegreen").
For the quarter ended September 30, 2014, net income attributable to Woodbridge was $16.6 million, of which $17.2 million related to the operations of Bluegreen. BBX Capital recognized 46% of the net income attributable to Woodbridge, or $7.6 million, for the quarter ended September 30, 2014. For the nine month period ended September 30, 2014, net income attributable to Woodbridge was $47.8 million, of which $49.7 million related to the operations of Bluegreen. BBX Capital recognized 46% of the net income attributable to Woodbridge, or $22.0 million, for the nine month period ended September 30, 2014. 
During the third quarter of 2013 and the first, second and third quarters of 2014, Bluegreen paid cash dividends of $18.0 million, $14.5 million, $19.0 million, and $19.0 million, respectively, to Woodbridge. Woodbridge paid cash dividends to BBX Capital of $ 3.7 million, $6.4 million, $8.4 million, and $8.5 million, respectively, during September 2013, April 2014, June 2014, and August 2014, based on BBX Capital's pro rata 46% interest in Woodbridge.
Bluegreen Highlights for the Third Quarter, 2014 Compared to Third Quarter, 2013
(1) Bluegreen's sales of VOIs under its capital-light business strategy include sales of VOIs under fee-based sales and marketing arrangements, just-in-time inventory acquisition arrangements. Bluegreen enters into agreements with third party developers that allow Bluegreen to buy VOI inventory from time to time in close proximity to the timing of when Bluegreen intends to sell such VOIs and refers to this as "Just in Time" arrangements. Bluegreen also acquires VOI inventory from resorts' property owner associations ("POAs") and other third parties close to the time Bluegreen intends to sell such VOIs. Such VOIs are typically obtained by the POAs through foreclosure in connection with maintenance fee defaults, and are generally acquired by Bluegreen at a significant discount. Bluegreen refers to sales of inventory acquired through these arrangements as "Secondary Market Sales."
System-wide sales of VOIs, net include all sales of VOIs, regardless of whether Bluegreen or a third-party owned the VOI immediately prior to the sale. The sales of third-party owned VOIs are transacted as sales of timeshare interests in the Bluegreen Vacation Club through the same selling and marketing process Bluegreen uses to sell its VOI inventory. The growth in system-wide sales of VOIs, net during 2014 as compared to 2013 reflects an increase in the number of tours and an increase in the sale-to-tour conversion ratio. During the three months ended September 30, 2014, the number of tours increased by 9% compared to the same period in 2013. The increase in the number of tours reflects efforts to expand marketing to sales prospects through new marketing initiatives. Additionally, during the three months ended September 30, 2014, Bluegreen's sale-to-tour conversion ratio increased 1% compared to the same period in 2013.
During the three months ended September 30, 2014 and 2013, cost of VOIs sold as a percentage of sales of VOIs was 12% and 14%, respectively. The decrease in cost of sales generally and as a percentage of sales during 2014 is a result of a higher proportion of Secondary Market sales, which typically carry a relatively lower acquisition cost. Cost of VOIs sold as a percentage of sales of VOIs varies between periods based on the relative costs of the specific VOIs sold in each period and the size of the point packages of the VOIs sold (due to offered volume discounts, including consideration of cumulative sales to existing owners). Additionally, the effect of changes in estimates under the relative sales value method, including estimates of project sales, future defaults, upgrades and incremental revenue from the resale of repossessed VOI inventory, are reflected on a retrospective basis in the period the change occurs. Therefore, cost of sales will typically be favorably impacted in periods where a significant amount of Secondary Market VOI inventory is acquired and the resulting change in estimate is recognized.
As a percentage of system-wide sales, net, selling and marketing expenses increased from 45% during the third quarter of 2013 to 48% during the third quarter of 2014. Generally, the increase in selling and marketing expenses and the increase in selling and marketing expenses as a percentage of sales during the 2014 periods compared to the 2013 periods was a result of Bluegreen's continued focus on increasing its marketing efforts to new customers as opposed to existing owners. Sales to existing owners generally involve lower marketing expenses than sales to new customers. Bluegreen expects to continue to increase its focus on sales to new owners and, as a result, sales and marketing expenses generally and as a percentage of sales may continue to increase.
 

How Much is Your Bluegreen Worth


KIMBERLING INN AND RESORT - Kimberlng City, MO

Just returned from Missouri and drove through Kimberling Inn, it appears only two or the motel type units were damaged in the tornado. I looked at all the other condos and they seemed fine. Stay tuned for pictures. I just wondering if they are intending to rebuild the motel type or assess the owners to build nice new townhomes. I wil be forwarding information to my Kimberling Inn clients.

BRANSON'S ANYTIME VACATIONS AND ST LOUIS AREA RED ROCK TRAVEL SUED BY ATTORNEY GENERAL

FORSYTH, Mo. -
Attorney General Chris Koster is suing a Taney County travel-club company for allegedly deceiving consumers about the benefits of memberships.


The suit in Taney County Circuit Court alleges that Anytime Vacations promised consumers discounts on airfare, hotel accommodations, cruises, and other travel benefits for joining its travel club and paying fees of hundreds and even thousands of dollars. After joining, however, consumers found the “discounts” were nonexistent, and that they could get better deals going through standard, free services such as Travelocity and Orbitz.

Koster said his office received 50 complaints against Anytime Vacations, alleging that consumers paid fees to the companies totaling more than $140,000. In one case, a consumer paid $6,995 to join the club. Anytime Vacations refused to cancel the consumer’s contract and refund his money after he discovered it cost more to book a flight through Anytime Vacations than through routine travel websites.
The lawsuit also alleges that the company violated Missouri law by failing to register with the state or provide proof of sufficient reserve funds to provide the services it promised. In addition, the travel-club company told consumers they had just three days to cancel contracts, when consumers legally had three years to cancel because the club was unregistered.

Koster is seeking restitution for consumers, as well as civil penalties and the costs of the investigation and prosecution. "Some travel clubs use high-pressure tactics to make it difficult for consumers to say ‘no’, and then put up roadblocks for consumers to cancel,” Koster said. “My office will pursue travel-club businesses that cheat Missouri consumers and violate our state’s laws.”

Koster said that before signing a contract, consumers can check with his Consumer Protection Hotline at 800-392-8222 to determine whether there are complaints filed against the travel club, if the travel club is registered in Missouri, and if it has demonstrated the financial ability to provide the discounted benefits they are offering.

The second suit, involves Red Rock Travel, LLC, doing business in Missouri as Endless Travel Vacations, and its owners, Jack Keefe and Sherri Wolff, in St. Louis County Circuit Court for the same type of fraudulent business practices.

The Attorney General's office received five complaints about Endless Travel Vacations, totaling $19,000 in fees paid.

HOW DOES IT WORK


HOW IT WORKS: No Timeshare provides you with hundreds of pages of research on your resort. This will include consumer complaints, past lawsuits against the resort, State Attorney Generals complaints and news articles. All showing where hundreds of other people have been scammed. I then provide a demand letter stating you are disputing the purchase and giving them 30 days to respond or this information will go public. It works, contact me today.

This program works if you were misled and lied to during your presentation. Resorts can no longer place the blame on the salesperson, they allow it and the salesman is a representative of the resort. Hold them accountable.

TRAVEL CLUB RECISSIONS

Cancelling your travel club membership varies from state to state. Missouri has a three day rescission period, but there is a clause "as long as your membership benefits have not been accessed." Which is why the travel club will try and sell you a motel stay or show tickets. This is a trick used by them to keep you in the deal. Be very careful, they may even give you a restaurant gift card or "free tickets".

When you do cancel, mail everything back to the club registered mail along with a letter  stating you are cancelling. You do not have to give a reason.

Visit www.timeshareschool.blogspot.com for more information.

Order Research on Your Timeshare or Travel Club. http://timesharegetout.blogspot.com/2013/06/get-research-on-your-resort.html

Thinking of buying a timeshare or Travel Club? Do you have an appointment for a sales presentation scheduled? Planning a lawsuit against your timeshare?

I have worked several years and countless hours researching complaints, court records, news articles and emails from timeshare and travel club owners who were tricked and lied to during their sales presentation.

You can now buy the past research on your resort or club. All research is compiled from public records, internet and newspapers. If you are ordering the DIY Get Out book then the research with save you many hours of work.

If your resort or club is not listed to the right please email me at notimeshare@gmail.com to find out what research is available. I have information on lots of resorts, too many to list on the Buy Now buttons.


Order Research

Get Yourself Out - The Timeshare How To Book for Getting Out


USE THE "BUY NOW" BUTTON ON THE RIGHT SIDE OF THE PAGE AND LEARN THE SECRET TO GETTING OUT OF THAT TIMESHARE OR TRAVEL CLUB WITHOUT SPENDING A TON OF MONEY. ONLY 49.95 THROUGH PAYPAL.

Ready to get out of that Timeshare or Travel Club? My new book will guide you step by step on how you can get that fraudulent contract cancelled and get money refunded.

My book will guide you step by step on how to present your case to the resorts or travel club demanding out of your contract and money back.

It includes letters you need to cancel your autodraft, stop harrassing collection calls, contacting the proper government offices and how to get help from the media. 


You will start by sending a dispute letter stating your intentions, and informing them to stop the auto payments and you will be sending evidence to back up your claim.

The book also includes a questionnaire for you to answer that will remind you of your sales presentation and what promises we're made that we're just not true.

Don't pay some company 1500-2000 dollars to get you out of your contract. You can do it just as effectively at a fraction of their cost. Besides most of these companies list in their fine print, if you are foreclosed on, then they have gotten you out of your timeshare.

Follow these steps and get free of that burden before your next maintenance fees are due.

Email notimeshare@gmail.com for more information or order using Paypal button at right.Book will be delivered in two to three weeks on disk in a pdf format.

Ex-travel club owners in Branson get federal prison terms for evading taxes

SPRINGFIELD, Mo. – Three men from Branson received federal prison sentences and orders to make substantial restitutions for evading federal income taxes when they ran a travel business in Branson in the early 2000s.  They learned their sentences on Wednesday after pleading guilty several months ago.
David Large received a one-year sentence and must pay $198,517 in restitution.  Denver Wood received a two-year sentence and must pay $181,103 in restitution.  His father, Thomas Wood, received an 18-month sentence and must pay $198,517 in restitution.
The travel club is Vacation Services of America

$40 Dollar Gas Card Gift

Resorts are calling on people and promising them a $40 Gas Card for sitting through a 90 minute presentation. If only it were that simple, first off the 90 minute presentation lasts 3 to 4 hours, then when it comes time for the gas card you instead get a certificate, where you put ten dollars in your gas tank, mail the certificate in and the gas receipt and they will send you a ten dollars gas card. This goes on until you have redeemed the 40 dollars. Most people send off for maybe one and then it's forgotten. Hmmm you think that's what they count on? A lot of people drive to the resort expecting the $40 for gas to get back home, well be prepared the resort doesn't care and they claim they have nothing to do with it. Lie, they know exactly what will happen at the end of the tour, and will laugh about it. Do not rely on having an extra 40 bucks to get you back home.

Timeshare an Investment ?

It is illegal to tell a client that purchasing their timeshare is an investment and you can use this to help get your money back. Most salespeople use that line in their sales pitch. It's because the resorts train them to say that, but tells them never to put it in writing. That way they can deny it if it comes up later.Contact us at notimeshare@gmail.com to learn more

Special Assessments

Many resort owners are finding yet another bill for special assessments in their mailbox. If you will remember, your salesperson told you while you toured, that your annual maint fees go toward keeping the resort "looking as good in 10 years as it does today" well that is a lie. All resorts pitch this, then they skim over all the fine print in the "button up" process.
You can use the things you were told during the presentation against them and get your money back. Email me today notimeshare@gmail.com

How I Can Help

When a client wants to get out of their timeshare or travel club, they will find the resort/club will not be very helpful in refunding your money. They cover their tracks by getting you to sign off on a "buyers agreement" that states you are not buying because of anything you were told and that the membership is not causing any financial hardships.

But in truth you are buying because of things you were told, they write down all the benefits you are supposed to get on a legal pad during the sales pitch, but you never get that paper to take with you. This is a psychological trick because you have seen it in writing you just have no proof of what they had written. You can use this against them, this is unfair selling practices. Knowing what you have been told, you will receive a statement pointing out this sales trick and the resorts do not want this getting out. This statement will help you get out of your contract, you also will receive a detailed background on the resort/club and details on trouble the resort/club have been in trouble for.
Most of the tie the resort or club will fold when they read your statement and evidence against them. They do not want this information to get into the media or on the internet. They just want to shut you up, and will buy you off to do so.

Vacation Tour Tricks Book

My book, Vacation Tour Tricks, will give the reader an insight on what really goes on in the timeshare and travel club industry. Whether you want to get out of your timeshare/travel club or you want to cash in on the gifts; ie. money, show tickets or travel vouchers that these resorts and clubs give out to get you into their presentations, learn what they are up to and what to tell them to get you through the presentation, get your gifts and get out of there without being "beat up" by high pressure sales people.
Resorts pay up to 120 dollars cash to get you to tour.


Vacation Tour Tricks - $24.95 (US)

email me at notimeshare@gmail.com

Timeshare and Travel Club Refunds

You do not have to be stuck with your Timeshare or Travel Club Membership. We have over 25 years experience in the timeshare and travel club industry.
Most clients of the business were told many untruths about what they were purchasing. We will look over your membership for free to see if you qualify to get out of your contract. Most of the time the Timeshares/Travel Clubs will want to keep your case out of court once they see the evidence against them. If not, the information we provide will help the attorney put together a case for you. Email us at notimeshare@gmail.com for more information.