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Purchases before 2007

Posted By: BarleyMan

Purchases before 2007 - 10/24/2014 02:35 AM

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?
Posted By: panman

Re: Purchases before 2007 - 10/24/2014 12:12 PM

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

Re: Purchases before 2007 - 10/24/2014 12:20 PM

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..
Posted By: panman

Re: Purchases before 2007 - 10/24/2014 12:55 PM

We purchased in 1997.
Posted By: Carol_Hill

Re: Purchases before 2007 - 10/24/2014 01:33 PM

I 'assume' you received the same letters from Alegria that everyone else did?
Posted By: panman

Re: Purchases before 2007 - 10/24/2014 01:34 PM

Yes we did...
Posted By: Carol_Hill

Re: Purchases before 2007 - 10/24/2014 01:37 PM

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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