While I was in Puerto Vallarta this last December, I attended a timeshare presentation at World Luxury Destinations. I declined to purchase, but they indicated they had a separate real estate division and they offered to buy my two timeshares (one in Kauai and one in Puerto Vallarta). The man that said he was head of the real estate division signed a contract stating they would buy my two timeshares for $112,040 and that the $11,840 "procedure cost " (supposedly closing costs) would be refunded to my credit card at closing. He also indicated the firm was headquartered in Texas and that the credit card charge would be processed in the US to avoid the transaction fee on foreign exchange when utilizing a credit card out of the country. When I received my credit card bill, it showed the charge was processed the same day in Puerto Vallarta and I was charged an additional $400 in foreign processing fee.
I was also promised a free luxury week in Puerto Vallarta at one of their prime resorts and a free round trip airfare in lieu of receiving the promised gift for attending their timeshare presentation. When I called the number on the certificate to book my week and airfare, was given a big run around, transfered three times and finally wound up with the same supposed agent who was supposed to be selling my timeshares. He suggested I should book closer to the end of the year and I insisted that I was planning my travel now and wanted to book it now. He then said he would have to mail me the certificate so I could redeem it. I told him I already had a certificate and asked him to explain the delay. He said this new "certificate" would have the codes needed to redeem to promised week and airfare. Sounds very fishy to me.
I have furnished Continental Resources proof of my ownership of both of my timeshares, but have heard nothing in over a month. I have not been able to find much online about the organization offering to purchase my timeshare (Continental Resources out of Houston, Texas; website: www.continentalres.com; phone 713 893-4693). Do you have any experience or information about this company? I would appreciate any information you might be able to offer...
I have contacted my credit card company and they have extended the time to file a fraud complaint as the written contract from World Luxury Destinations indicated I would be fully refunded for the credit card charges at closing no later than 90 days from date of the signed contract and if the deal did not go through, all funds would be refunded. Does anyone have suggestions or feedback?
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