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Grand Pacific Palisades - Timeshare sales tactics are deceptive, misleading, and inaccurate

Grand Pacific Palisades - Timeshare sales tactics are deceptive, misleading, and inaccurate
In 2002 I purchased a timeshare (Inventory Control Number - GPO*******) from Grand Pacific Palisades, L.P at 5900 Pasteur Court, Suite 200, Carlsbad, CA 92008 for $22,990.00, which was paid in full on 4/20/2002. I have tried to sell back my timeshare several times through Advanced Financial Corporation, dba Advanced Commercial Corporation (a company of theirs), and no sell transpired. I am now requesting immediate termination of my timeshare contract and do not want a beneficiary transfer, or any other type of ownership opportunity. Due to their deceptive and inaccurate information provided to me, when I purchased the timeshare, I believe I was seriously misled. The assessment fees (they call them maintenance fees) in writing to me when I purchased would only be $532 annually. In my first statement, these were the fees: Assessments 2003 - $504.69 Capital Reserves 2003 - $54.31 Property Taxes 2003 - $186.79 TOTAL: $745.79 As of my last statement, the costs have almost doubled. Assessments 2021 - $949.04 Capital Reserves 2021 - $322.84 Property Taxes 2021 - $194.28 TOTAL: $1,466.16 Not only is the resort shut down due to COVID-19 but the rates have gone up. During the purchase of the timeshare, it was stated in writing that I could utilize an affiliated company, RCI, in exchange for my timeshare. As of today, after almost thirty attempts to find a suitable timeshare (worldwide) there is no inventory for properties even a year out. I have tried to sell my timeshare back (through their sister company, Advanced Financial Corporation, dba Advanced Commercial Corporation) and have been quoted a sales price by them $13,205.00 on 10/22/2008 and $7,922.50 on 10/11/2011 respectively, and yet no sell transpired. I have sent them a Certified Letter asking them to respond in writing and they have only called once and told me they can no longer help me. Grand Pacific Palisades, L.P. (and Advanced Financial Corporation, dba Advanced Commercial Corporation) sales tactics are deceptive, misleading, and inaccurate and I would request that you look into their accounting practices, lies, and deceptive sales tactics. Thank you in advance, Michael H

User's recommendation: Do Not Purchase a Timeshare.

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1 comment
#1994355

You might be better off going to www.tug2.com (free) and posting your story. Timeshares depreciate by 80-90% or more.

If there is value, some member can tell you.

Otherwise, you may have to give it away. Sorry, but that is reality.

ID
#2463873 Review #2463873 is a subjective opinion of poster.
Location
Carlsbad, California
Cons
  • Misleading
  • Deceptive
  • Inaccurate
Loss
$22990
Preferred solution
Full refund