Timeshare
Wyndham Hotel Group opens more timeshare resorts in Asia
PHUKET: South East Asia’s inaugural Wyndham Grand location will debut in Phuket later this year, thanks to a management agreement recently signed between Parisorn Company Ltd and the Wyndham Hotel Group. Wyndham Grand Phuket Kalim Bay is set to open in November 2016 CLUB Wyndham ASIA, a segment of Wyndham Vacation Ownership, has also signed an agreement subject to specified requirements which once complete, will give CLUB Wyndham ASIA members access to luxurious apartments at the resort. The resort’s 214 rooms and facilities are carefully designed to highlight its localeRead More
Timeshare Trustees we explain
An explanation of the role of timeshare trustees. When a consumer purchases timeshare, they purchase ‘occupancy rights’ in respect of certain holiday accommodation belonging to the developer. The nature of the ‘occupancy rights’ is defined in the timeshare contract. The most common structure for Timeshare in the UK, and also used in other parts of Europe, is the ‘Club-Trust’ structure. The other common timeshare structure, known as ‘escritura’, (meaning “deed”) is sometimes used in Spain and Portugal whereby the consumer is given an ‘escritura’ (or title deed) as proof thatRead More
RCI Loses $Milion dollar class action case in USA
Judge concludes RCI Class Action – Approves Settlement Agreement Information supplied by Itra.net, ITRA Online and Itra Singapore these companies are helping claimants globally to collect compensation for timeshare companys that have scammed them. Please Read The November 30th Fairness Hearing in Trenton, NJ lasted approximately 2 1/2 hours. The Attorney for RCI, David Sager, spoke first and explained recent changes it had offered in the Settlement Agreement and reiterated why it was a good arrangement for the Class Members. The Attorney for the Plaintiff, Janelle Welling, supported Mr. Sager. Several objectors spokeRead More
Timeshare the Truth
When people hear the word “timeshare,” the expected knee-jerk reaction is to recoil and frantically scramble to the nearest exit. And there’s good reason for this. The timeshare industry has provided, admittedly, a lot of fodder for bad press. In its earlier days, potential buyers were given the celebrity treatment and would wake up the next day with a hangover, clutching the deed to a property they couldn’t afford. Timesharing was born in Europe in the mid 1960s and the first North American programs were launched in 1969. Over theRead More
110 Scam Reports on Timeshare company per year
SINGAPORE CASE— The number of police reports lodged against timeshare companies averaged 110 per year over the last five years and investigations were initiated for about half of these reported cases. Sharing this in Parliament yesterday, Second Minister for Home Affairs S Iswaran said this had resulted in investigations into 11 groups of timeshare companies in the past five years. Mr Iswaran, who is also Minister in the Prime Minister’s Office and Second Minister for Trade and Industry, was responding to a question from Member of Parliament Christopher de SouzaRead More
Itra Singapore Timeshare action
WELCOME TO INTERNATIONAL TIMESHARE REFUND ACTION LIMITED In the beginning ITRA Singapore was formed as the International Timeshare Resale Association Limited to head a self-regulatory body for the timeshare resale industry. With the demise of the property market, the timeshare resale market also suffered to an even greater degree. It was recognised that timeshare could no longer be resold and the increase in annual maintenance fees turned the timeshare asset into a liability. At this point the company’s name was changed to International Timeshare Refund Action. ITRA Singapore has beenRead More
Realty Access help save victims investment
An insider leak that Realty Access is helping victims of fraudulent direct sales companies to get there invest back seem to be on the straight and narrow. While not all losses qualify for assistance, we were reliably informed they can help other people that have been mis-sold Wine and Diamonds, so this is great news for Asian people that have made a bad investments. The Company with offices globally have both real estate opportunities in property in Germany, Spain, USA, Thailand, India and other countries. This is a managed fundRead More