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People Talk >> Caravanserai Now Alegria

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BarleyMan
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Joined: 01/09/08
Posts: 349
Loc: San Diego
Purchases before 2007
      #1611334 - 10/23/14 10:35 PM (76.93.128.12)

I have seen a number of references to "purchases since 2007". Is a different offer being made to folks who purchased before 2007? Or is everyone in the same boat?

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panman
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Joined: 06/02/05
Posts: 113
Re: Purchases before 2007 [Re: BarleyMan]
      #1611354 - 10/24/14 08:12 AM (50.188.213.86)

I believe everyone is "in the same boat." We purchased pre-construction....when the resort was called Millenium.

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Carol_HillAdministrator
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Joined: 08/01/00
Posts: 63362
Loc: Central Florida!
Re: Purchases before 2007 [Re: BarleyMan]
      #1611357 - 10/24/14 08:20 AM (173.114.132.1)

2007 was when Scotia Bank bought the paper I think. So some were thinking, perhaps that Scotia couldn't make the argument that the bank didn't know there were timeshares being sold there, and thus not authorized, because some bought even before Scotia became involved. Frankly, that entire argument that Scotia didn't know and didn't authorize there being timeshares sold there, up to the moment of the foreclosure, is all BS, but whatever. Can't see how they make that argument with a straight face..

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panman
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Joined: 06/02/05
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Re: Purchases before 2007 [Re: Carol_Hill]
      #1611360 - 10/24/14 08:55 AM (50.188.213.86)

We purchased in 1997.

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Carol_HillAdministrator
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Re: Purchases before 2007 [Re: panman]
      #1611364 - 10/24/14 09:33 AM (71.101.36.252)

I 'assume' you received the same letters from Alegria that everyone else did?

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panman
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Joined: 06/02/05
Posts: 113
Re: Purchases before 2007 [Re: Carol_Hill]
      #1611365 - 10/24/14 09:34 AM (50.188.213.86)

Yes we did...

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Carol_HillAdministrator
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Re: Purchases before 2007 [Re: panman]
      #1611368 - 10/24/14 09:37 AM (71.101.36.252)

It appears that they don't know who purchased prior to when the bank bought the paper, or don't care. Legally, it should make some difference, one would think, but I don't practice there.

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