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Bob_Dot
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Joined: 07/31/03
Posts: 1804
Loc: North Kingstown, Rhode Island
Re: Does Anyone have the full text of the email? [Re: panman]
      #1608161 - 10/05/14 06:50 PM (68.109.114.220)

While you may have owned since pre-construction, are you still using the original room or did you "upgrade" to a unit in a new building?

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Eric_HillAdministrator
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Joined: 08/01/00
Posts: 11145
Re: Does Anyone have the full text of the email? [Re: Bob_Dot]
      #1608163 - 10/05/14 06:59 PM (72.60.106.124)

Not knowing. Is there a possible difference and what would that be?

Just courious? Maybe there is a difference based on a simple date, have no clue? That is why I am asking.

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Eric Hill
TTOL Shop


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panman
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Joined: 06/02/05
Posts: 113
Re: Does Anyone have the full text of the email? [Re: Bob_Dot]
      #1608167 - 10/05/14 07:08 PM (50.188.213.86)

Upgraded and purchased additional weeks...

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Todd
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Joined: 03/05/04
Posts: 3667
Loc: Vancouver, WA
Re: Caravanserai now Alegria [Re: SharonfromSXM]
      #1608170 - 10/05/14 07:44 PM (76.27.250.153)

Thank you Sharon.

I am hoping that we hear more this week, and that the TS owners are able to get organized in the fight. My stake in this is small, to the extent that financially the loss of the $675 for AMF's for my week 49 that they now want me to pay again to use the unit is basically it. I consider myself ahead based on what I put into the place. I will not be paying another $675 to stay there week 49.

My major stake in this place is all those that I care about that have a lot more invested. Starting with all those that lost their jobs, the businesses associated that depend on this for income and then all of you have a bunch of money into the place and deserve better. With this in mind I am here to support all of those people.

I hope that even though there is a limited time to deal with this, I hope that people will show some patience for this next week so we as a group can acquire more information.

Cheers,
Todd


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Bob_Dot
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Joined: 07/31/03
Posts: 1804
Loc: North Kingstown, Rhode Island
Re: Does Anyone have the full text of the email? [Re: panman]
      #1608176 - 10/05/14 08:31 PM (68.109.114.220)

Doesn't that mean that you cancelled the pre-constuction contracts and replaced them with new?
Is not Alegria stating that the new contracts are void? Does that mean the original contract is still in place, even though the building may not be there?
I'm not a lawyer and certainly am not skilled in SXM law, but am not liking what is happening one bit.


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Christopher56
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Joined: 01/01/12
Posts: 10
Re: Caravanserai now Alegria [Re: Todd]
      #1608177 - 10/05/14 08:32 PM (24.189.167.64)

I purchased pre-construction and received the letter via email today. Have not been offered any kind of settlement or buy back ever of my unit. This is all around pretty unfortunate. I really hope they step up and do good by their owners in hopes of keeping us coming back in the future. As of right now this just leaves a bad taste.......

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panman
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Joined: 06/02/05
Posts: 113
Re: Does Anyone have the full text of the email? [Re: Bob_Dot]
      #1608179 - 10/05/14 08:44 PM (50.188.213.86)

BobDot....amended original contracts to new building

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DebNLena
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Joined: 11/10/11
Posts: 166
Loc: Northern Virgina
Re: Does Anyone have the full text of the email? [Re: EdB]
      #1608182 - 10/05/14 09:23 PM (72.66.3.194)

I have no idea whether there is any record of or registry of deeds. I do remember quite clearly having a long conversation with Ray when we were buying about this unit being deeded. I was very surprised because my parents have owned t/s in 2 countries(Mexico & SXM) and florida but each t/s is for a specific term. Their Royal Islander La Plage timeshare is for 55 years. The T/S in Cancun was only for 30 years and they are currently waiting for a buyout offer from the resort as they are also converting the units into hotel space. The first t/s in Mexico for this group of resorts paid the owners 60% of their original investment. My parents were there this past February and went to a meeting & were told that they would get at least 60% but could get up to 75%.

I believe Ray explained that the deed was for 99 years because Caravanserai did not own the land, only the building and the lease on the land to the building owners renews every 99 years. We didn't put much thought into it because we knew we would be long gone, however, we did like the fact that we could transfer ownership to our children and that it wasn't structured like RI LaPlage. We would have bought either way but it certainly made the decision easier. My parents are in their late 70's and still have about 25 years left on their t/s agreement at Royal Islander, so if this whole thing goes bust, I am very lucky to still have a place for 2 weeks a year to go to, however we are obviously very disappointed in how this whole thing has been handled from the very beginning.


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mecs
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Joined: 03/02/02
Posts: 1377
Loc: PA
Re: Does Anyone have the full text of the email? [Re: DebNLena]
      #1608183 - 10/05/14 09:50 PM (24.144.229.52)

Looking at my paperwork, Endless Vacation, N.V. is acting on behalf of Caravanserai. Endless Vacation is also the name associated with RCI on its website. RCI has US connections, right? If RCI was driving these sales and using their reputation to give legitimacy to the Caravanseri sales, can't they have liability as well as Caravanserai? Seems like they all worked together here. And the bank was allowing them to utilize space in the Caravanseria to do this work while the property was in auction.


Edited by mecs (10/05/14 09:51 PM)


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Bob_Dot
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Joined: 07/31/03
Posts: 1804
Loc: North Kingstown, Rhode Island
Re: Does Anyone have the full text of the email? [Re: DebNLena]
      #1608184 - 10/05/14 09:58 PM (68.109.114.220)

Our original agreement reads:"...shall terminate after the last day in 2020." That is followed by some language that we would be granted 1/52nd ownership rights for each week we have leased the apartment.

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