Traveltalkonline.com Forums


SXM Cruise Schedule TTOL Sponsors SXM Travel Calendar
Forum Statistics
Forums39
Topics39,355
Posts319,154
Members26,663
Most Online3,755
Sep 23rd, 2024
Top Posters(30 Days)
bdeeley 80
RonDon 36
jazzgal 33
GaKaye 31
fabila 29
erb923 26
jomarc 23
Member Spotlight
Posts: 666
Joined: May 2011
Today's Birthdays
britski1, dividivigirl
Who's Online Now
13 members (Tom, davidandsusannj, MrEZgoin, Billtjw, GeorgeC1, SXMNAN, tpcook, Kevin_B, MikeOscarBravo, 4 invisible), 711 guests, and 72 robots.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate Thread
Joined: Aug 2000
Posts: 83,834
Likes: 3
Traveler
OP Offline
Traveler
Joined: Aug 2000
Posts: 83,834
Likes: 3
Link

It appears that it's not just timeshare owners that have no protection from government.


Carol Hill
SXM Sponsors
Joined: Aug 2012
Posts: 674
Likes: 1
F
Traveler
Offline
Traveler
F
Joined: Aug 2012
Posts: 674
Likes: 1
First that project seem just to risky and the location not great for a vacation type of property. I would have no problem buying on SXM but never never buy anything pre-constriction! If it has no history or if you can't see it or touch it now... don't buy it. So many scam deals where people thing they are buying something with a clear title and only pay the developer or seller only to find out the seller did have a clear deed. I think that's what happen at what is now the Morgan Property and the former Caravanserai buyers lost everything because the bank foreclosed. Never give any deposit money to anyone except a local Notary office. If a notary is closing the deal you can be pretty sure everything is a good as possible legally. And By the way all you timeshare owners or former timeshare owners like us stop saying your are owners because you are NOT. You have some limited rights to use like a long term rental. And if you lost your timeshare but got 8 years or so use feel lucky because in most cases like Ocean Club you got you moneys worth for what we paid and then some. If it's not deeded and closed with a notary and with someone that's been on the Island a lot time then keep walking. Deal with a local realtor as your rep and SXM notary and you will be fine and pretty worry free. SXM real estate is going to just keep better and better. IMO

Last edited by foreversxm; 09/20/2023 09:01 AM.
Joined: Mar 2004
Posts: 4,372
Traveler
Online Content
Traveler
Joined: Mar 2004
Posts: 4,372
Buying on foreign soil you need to be very careful or ready to walk away. However, the one advantage of foreign is it's easier to walk away. We have had and have several timeshares on island and by paying cash to purchase, usually on reseller or ebay market, you don't have to give your ss#. Not the same in the US where it can become a liability that can follow you. We are personally happy with our timeshare purchases on island, no regrets at all.


I prefer the Isle seat
Joined: Apr 2001
Posts: 14,695
pat Offline
Traveler
Offline
Traveler
Joined: Apr 2001
Posts: 14,695
Originally Posted by Todd
………… We are personally happy with our timeshare purchases on island, no regrets at all.


We had four weeks timeshare at the Towers that we lost due to the typical island nonsense pulled off by Mr. Ansary and his political buddies. Unlike too many we had thirty years of annual usage so we have no major regrets. I believe, however, we are the exception and not the rule.


Respectfully,

pat



"Always keep your words soft and sweet, just in case you have to eat
them."
Joined: May 2002
Posts: 5,508
Likes: 1
Traveler
Offline
Traveler
Joined: May 2002
Posts: 5,508
Likes: 1
Yes Pat , you bailed out actually after having no choice but you and the family really didn't loose out as the late comers.

Joined: Apr 2001
Posts: 14,695
pat Offline
Traveler
Offline
Traveler
Joined: Apr 2001
Posts: 14,695
And Lesley, thank goodness we had already discovered the beautiful Beachside Villas so as much as we regretted our Towers loss, at least we found another destination we love equally well. Soon……🙂🙂


Respectfully,

pat



"Always keep your words soft and sweet, just in case you have to eat
them."
Joined: Aug 2000
Posts: 83,834
Likes: 3
Traveler
OP Offline
Traveler
Joined: Aug 2000
Posts: 83,834
Likes: 3
Another story in this saga.

Link


Carol Hill
Joined: Mar 2009
Posts: 19,332
Likes: 2
Traveler
Offline
Traveler
Joined: Mar 2009
Posts: 19,332
Likes: 2
O my. The saga continues. A sad one too.

Joined: Aug 2000
Posts: 2,666
I
Traveler
Offline
Traveler
I
Joined: Aug 2000
Posts: 2,666
And we were lucky to get our $$$ back preconstruction there. One of the properties. The other property held us up for $5K for "breaking" the contract.
irina

Joined: Apr 2005
Posts: 7,647
Traveler
Offline
Traveler
Joined: Apr 2005
Posts: 7,647
Better to buy property that is built and has a deed.


Link Copied to Clipboard
Powered by UBB.threads™ PHP Forum Software 7.7.5