ED Magedson – Founder
VO Financial2900 Fire Road, Egg Harbor Township, J\NJ Egg Harbor Township, New Jersey United States of America
VO Financial Jason Greene Preying on my need for help Egg Harbor Township, New Jersey
I had the same experience as Concerned Citizen.
I was first called by Jason Greene who asked me for information regarding my timeshare experience and any misrepresentations that had been made during a sales meeting. He indicated that he would have to submit my complaint to a committee for approval. Then I god a call from Frank Merola who indicated that he was a specialist and wanted to confirm the information taken by Jason. He indicated that they had a program referred to as debt reduction, deed replacement where they would get me out of my high timeshare points (890,000), I would not have to pay the timeshare the monthly mortgage payments and that they would get me a new deed for 550,000 points. He indicated that this would cost me $30,000 and I should try to get a loan for that amount and if I couldn't, then they count provide in-house lending. I asked him how he could do this since their company had no ling to Wyndham. He said that there was legislation that indicated that Wyndham had no choice but to follow this scenario. I still could't understand why Wyndham wold give me a deed for 550,000 points and lose interest on a mortgage with a balance of about $850,000. Mr. Merola assured me that it could be done. He indicated that I would have to sign an agreement with them but not until they had all the "ducks in a row." I printed some information from their website today and the Disclaimer indicated that "VO Financial is not a resale or listing company..... As such, our services shall not be construed to be paying off any existing timeshare debt or any mortgage that may be associated with a customer's timeshare ownership" What a disappointment. Scammed once again!!!
This report was posted on Ripoff Report on 07/01/2012 11:02 AM and is a permanent record located here: http://www.ripoffreport.com/r/VO-Financial/Egg-Harbor-Township-New-Jersey-08232/VO-Financial-Jason-Greene-Preying-on-my-need-for-help-Egg-Harbor-Township-New-Jersey-905317. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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