Welcome to another new week in the world of timeshare, tomorrow Irene Parker has prepared an article following the news that Richard Cordray has stepped down from the Consumer Financial Protection Bureau. Part I is about the Manhattan Club, She begins with what the CFPB has done, including the investigation into Westgate, which was conveniently dropped after two years. But more on that tomorrow.
In Friday’s Letter from America, we began with the usual roundup from Europe, with the latest court cases. At the end of the day the news came in, too late for publishing, of yet another Supreme Court ruling being issued from Madrid.
In this case, Silverpoint have been ordered to return over £61,000 plus legal fees and interest to another client. The contract was also declared null and void, at present we do not have the full details of the sentence, but it would appear that the contract breached the timeshare law on several points.
As usual the main point will be the length of the contract, the law states that contract must be no longer than 50 years in duration, so the perpetuity contracts sold by Silverpoint contravene this. Once again the Supreme Court has made its point.
On the story of Los Claveles in Tenerife, Inside Timeshare has received some comments from other members who do not appear to be in agreement with the Committee. They are either neutral or feel that Wimpen has acted in good faith.
Well, there are always two sides to any story or dispute, not all will agree, Inside Timeshare is happy to publish opposing views. We will also be looking into this and preparing a full article in due course.
In the meantime there is a link below which will start the ball rolling in bringing another side to the story and hopefully a little balance.
Inside Timeshare does try to get other views, quite often other parties do not respond, many emails are sent but no reply is ever received. Telephone calls are terminated, usually with you are through to the wrong department or even we don’t know anything about that. So thank you to those who did send in information.
You have any comments or views on any article published, send them in using the contact form, we will either post them in the comments section or include them in any article.
Want to know if a company is genuine, once again contact Inside Timeshare and we will point you in the right direction.