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This Relates to ALL SXM Timesharing

Posted By: jmbcomms

This Relates to ALL SXM Timesharing - 01/25/2015 10:10 PM

TV station in DC covering SXM timeshare mess --reflects on everything, not just Caravanserai -- Caravanserai debacle featured on TV in DC
Posted By: SXMWendell

Re: This Relates to ALL SXM Timesharing - 01/25/2015 11:13 PM

As I have said before, if they "bought" in 2013 they didn't do their due diligence. The old Caravanseri was at their height of problems at that date.

SXM??? Wendell
Posted By: ruralcarrier

Re: This Relates to ALL SXM Timesharing - 01/25/2015 11:23 PM

Quote
But Jennifer Leach, the assistant director of the Consumer Protection Bureau at the Federal Trade Commission (FTC) warns,

“Americans who sign up for international timeshares are not protected by U.S. law.”

For any timeshare arrangement, Leach recommends that you check out any complaints against the company at local attorney generals’ offices, make sure you can afford every penny, especially the annual fees, and never trust oral promises.


Above is a brief snippet from the article.

While I have sympathy for the people that got taken, Wendell is correct and the statement by Jennifer Leach speaks volumes.
Posted By: thewaterfront

Re: This Relates to ALL SXM Timesharing - 01/26/2015 05:45 AM

Timeshare legislation is long overdue in Saint Marten.
At present their is a U.S. entity operating on Island being investigated by at lease a dozen State A.G.'s for wrongdoing in their U.S. operations.( A Google search is invaluable.) One State suggests that they will seek $20 Mil.in damages from this particular entity. I'm not sure if the case has been settled yet.
Posted By: soualigacapt

Re: This Relates to ALL SXM Timesharing - 01/26/2015 11:14 AM

The Caravansari was a bankruptcy case. After bankruptcy, all old contracts are out. Not government changes in the law about timeshares can change that here or in the US.
Posted By: thewaterfront

Re: This Relates to ALL SXM Timesharing - 01/26/2015 12:30 PM

"Changes in the law" is their a law?
In SXM? What the A.G. Is investigating is more broad than bankruptcy.
Posted By: SXMScubaman

Re: This Relates to ALL SXM Timesharing - 01/26/2015 03:45 PM

Might want to learn how to use their and there. <img src="http://www.traveltalkonline.com/forums/images/graemlins/handshake.gif" alt="" />
Posted By: thewaterfront

Re: This Relates to ALL SXM Timesharing - 01/26/2015 04:52 PM

I apologies profusely, grade me 10-.professor.
Posted By: Carol_Hill

Re: This Relates to ALL SXM Timesharing - 01/26/2015 04:55 PM

All right, let's move on.
Posted By: WWII

Re: This Relates to ALL SXM Timesharing - 01/26/2015 06:54 PM

Quote
soualigacapt said:
The Caravansari was a bankruptcy case. After bankruptcy, all old contracts are out. Not government changes in the law about timeshares can change that here or in the US.


It wasn't dissimilar to what happened at SBR (Pelican) and those contracts were honored. It's not unusual that the new owner would have to honor prior contracts.
Posted By: ruralcarrier

Re: This Relates to ALL SXM Timesharing - 01/26/2015 07:21 PM

Quote
WWII said:
Quote
soualigacapt said:
The Caravansari was a bankruptcy case. After bankruptcy, all old contracts are out. Not government changes in the law about timeshares can change that here or in the US.


It wasn't dissimilar to what happened at SBR (Pelican) and those contracts were honored. It's not unusual that the new owner would have to honor prior contracts.


What law or who is going to enforce this?
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