Supplemental complaint alleges unfair and deceptive practices in sale of vacation ownerships
ORLANDO, FL (April 25, 2013) — The Finn Law Group P.A. has filed a supplemental consolidated complaint and request for investigation with the Federal Trade Commission against Wyndham Vacation Ownership, the Orlando-based timeshare unit of Wyndham Worldwide, alleging that its licensed sales teams have engaged in unfair and deceptive practices in the sale of vacation ownerships.
The original complaint, FTC reference no. 37665765, was filed on April 16, 2012. The supplemental complaint was filed on April 16 of this year.
Filed on behalf of 434 petitioners, the supplemental complaint alleges that the individuals were sold timeshare interests located in 23 states, costing $15,000 to $115,000 each, that included lifelong contractual commitments and annual maintenance fees. However, Wyndham allegedly did not disclose to the petitioners, many of whom are senior citizens, that the timeshares had little or no resale value.
The supplemental complaint alleges that Wyndham Vacation Ownership violated Section 5a of the Federal Tort Claims Act because the actual resale value of the timeshares was concealed and the purchasers cannot terminate or opt out of the vacation ownership agreements.
The petitioners are asking the FTC to investigate Wyndham in accordance with its regulatory power to act when a business engages in a pattern of possibly illegal conduct that harms consumers.
Michael D. Finn of The Finn Law Group explains, “There is little to no resale market for these interval vacation ownerships. This fact is glaringly significant and should be disclosed to the buyer, but it isn’t. Purchasers are unaware that they’ve purchased an unsellable product with a lifetime legal commitment and no way out.”
The Finn Law Group, which has offices in Florida and Michigan, represents consumers in timeshare and fractional real estate matters. For more information, contact Michael D. Finn by calling 855-346-6529 or emailing [email protected].