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NJ Resident
June 3, 2011
Fruadulant Sales Practices
I didn't know I was buying a Timeshare. I was told that "This wasn't a Timeshare presentation but a Property Investment". The Torrenza Resort wasn't even built yet. The location was in Mazatlan's Golden Zone. I was also told there were no maintenence fees. I was asked (after two grueling hours of the pitch) to invest my money into two weeks at which point an affiliate of Torrenza, Sierra Rentals and Resales would rent out my two weeks each year for $1000.00 per week. That's $2000.00 per year. Sierra would take their rental commision and I would get the balance. Well, the following year I got a Maintenance Fee bill in the mail from Torrenza (which I did not pay). Was I shocked!! It's very intertwined as to how the fraud scheme works. To this day I haven't seen a dime on my "Investment". I called and asked why aren't my weeks being rented and they say that times are bad. I'm willing to bet that they are renting the weeks and Torrenza and Sierra are splitting the proceeds. Look up Torrenza, Mazatlan on this site and you'll see how they work with Sierra Rentals and Resales in taking your money. After the presentation which sounded so good I had to give a deposit before signing any contracts. I gave them $2, 200 which was non-refundable. When I went to sign the contract I saw the name Interval International which I questioned, if this isn't a timeshare how is Interval involved. They said this was seperate division of Interval. It was all a bunch of lies to get my money. If you need more proof you can also check out the websight, TUGBBS.com, which also shows what frauds these people are. Save your money, research before you invest and above all demand to see contracts before giving any money. If you see the name Interval or RCI on the contract...you are buying a timeshare. Just a note for those looking to purchase a Timeshare in Mexico. When I bought mine years ago, the contract was for 15 years because in Mexico thats the limit that a U.S. citizen is allowed to own a timeshare. You can start anew after 15 years. If your contract says 99 years thenyou are dealing with a whole new set of rules. Good luck to all and "Let the Buyer Beware"
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