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Purchases before 2007 #29713
10/23/2014 10:35 PM
10/23/2014 10:35 PM
Joined: Jan 2008
Posts: 374
San Diego
BarleyMan Offline OP
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BarleyMan  Offline OP
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Joined: Jan 2008
Posts: 374
San Diego
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?


[Linked Image]
Re: Purchases before 2007 [Re: BarleyMan] #29714
10/24/2014 08:12 AM
10/24/2014 08:12 AM
Joined: Jun 2005
Posts: 190
P
panman Offline
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panman  Offline
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Posts: 190
I believe everyone is "in the same boat." We purchased pre-construction....when the resort was called Millenium.

Re: Purchases before 2007 [Re: BarleyMan] #29715
10/24/2014 08:20 AM
10/24/2014 08:20 AM
Joined: Aug 2000
Posts: 82,683
Central Florida!
Carol_Hill Offline
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Carol_Hill  Offline
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Joined: Aug 2000
Posts: 82,683
Central Florida!
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..


Carol Hill
Re: Purchases before 2007 [Re: Carol_Hill] #29716
10/24/2014 08:55 AM
10/24/2014 08:55 AM
Joined: Jun 2005
Posts: 190
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panman Offline
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panman  Offline
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Posts: 190
We purchased in 1997.

Re: Purchases before 2007 [Re: panman] #29717
10/24/2014 09:33 AM
10/24/2014 09:33 AM
Joined: Aug 2000
Posts: 82,683
Central Florida!
Carol_Hill Offline
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Carol_Hill  Offline
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Posts: 82,683
Central Florida!
I 'assume' you received the same letters from Alegria that everyone else did?


Carol Hill
Re: Purchases before 2007 [Re: Carol_Hill] #29718
10/24/2014 09:34 AM
10/24/2014 09:34 AM
Joined: Jun 2005
Posts: 190
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panman Offline
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panman  Offline
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Posts: 190
Yes we did...

Re: Purchases before 2007 [Re: panman] #29719
10/24/2014 09:37 AM
10/24/2014 09:37 AM
Joined: Aug 2000
Posts: 82,683
Central Florida!
Carol_Hill Offline
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Carol_Hill  Offline
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Joined: Aug 2000
Posts: 82,683
Central Florida!
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.


Carol Hill

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