ED Magedson – Founder
Mayan Palace The Bliss Timeshare fraud Cancun Nationwide
I bought a Timeshare on 6/16/13 at the Mayan Palace in Riviera Maya. This is where I was told I was purchasing. But my contract states I own in Nuevo Vallarta. I was unaware of this and was not informed. After leaving the presentation and reading my whole contract I became aware of this. Also, I received a sheet of paper that states as a member of VIDA I have incredibly great discounts and extremely low rates with SFX and exchange company. Upon calling SFX there was no such discount. Also the representative at the timeshare informed me that I would be able to exchange with over 50,000 resorts through SFX. Well it turns out after calling SFX they only have about 2,500 resorts available.
I was at this presentation for approximately a little more than 7 hours!!! And after hearing supposedly all the great benefits and all the extras I would receive, I still did not want to purchase and they ask If I would purchase if they trade in my timeshare in Florida. I said I was interested. They brought all the paperwork and then he had me sign my timeshare over to him and then he signed it right back over to me. The whole process, was very confusing. He said he would sell it within 2 or 3 months and by that time I could just pay the whole amount off with the money I received from him selling my Florida Timeshare.
In all, this whole experience was confusing and exhausting. The presentation was supposed to be 90 minutes and it turned out to be over seven hours long. When I was finally able to read my contract, I found the presentation had been very misleading in what I was actually buying.
I believe this was a complete scam.
This report was posted on Ripoff Report on 08/31/2013 10:57 AM and is a permanent record located here: http://www.ripoffreport.com/reports/mayan-palace/nationwide/mayan-palace-the-bliss-timeshare-fraud-cancun-nationwide-1080746. 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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