I was led to believe I was investing in a time share lease agreement whereby I would be given a choice of using it, renting it, or having a third party management company rent it for me.
I chose to have a third party management company handle it. I was to recieve 9%percent interest on my investment. Everything went fine for about a year and a half. The company which was handling it said they were no longer going to continue this, and I would have to find a new management company.
I was contacted by galaxy properties management, who said they would be glad to handle my investment as they were taking over the previous company's business. Thats when the problem's began.
I would recieve a check one month, then would not recieve one the next month, and this went on, and it kept getting worse. When I would recieve another check, it would be less then my 9%percent.
I would call them and they would tell me they were fixing problem's left from the previous company they took over, and that they were putting new people in place, not to worry.
They owe me for 4 months in the year they owe me for 5 months in the year and they owe me for the whole year of 2006. They could not be reached by phone, as I called avalon resorts to find out what was happining.
The resort told me that since hurricane wilma hit, that galaxy was not taking calls, and the resort had nothing to do with them, and could not give me any information about them.
My lease is for twenty five years, and my contract said I had to stay in the lease for 3 years or lose 10%percent if I got out before that time. Also the company who I first had, majestic travel would purchase it from me, but informed me they were getting out of the lease. Galaxy properties has voided the contract, and avalon resorts will not return my origional investment.
The person who sold me the lease Rod Hinkle has since not returned my calls, he was my agent, but since all this trouble, I cannot contact him. I called the number that I always have, but get no answer. I would like to know where to turn, but am in west virginia, and the lease is in mexico. Does someone know anything
about Galaxy?
I have seen where mr. Kelly has been put in custody as being one of the major culpurts. Also I believe mr Hinkle should be questioned as well.By the way I just found out my timeshare units are in acapulco, when I was told by mr. Hinkle they were in cancun.
I have 4 units at the Avalon Excalibur, when I thought they were at the Avalon Grande.
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