ORLANDO, FL (May 14, 2013) — The Finn Law Group P.A. has filed a lawsuit on behalf of eight timeshare owners against Florida-based Bluegreen Corporation alleging it provided false and damaging credit information to Experian and Equifax and that the credit reporting agencies refused to correct the inaccurate information.
The lawsuit, Rezmer, et al. v. Bluegreen Corporation, Equifax Information Services LLC and Experian Information Solutions Inc., cause no. 13-CV-80461-DMM, was filed May 7 in United States District Court for the Southern District of Florida.
The suit alleges that the plaintiffs purchased one or more timeshare interests from Bluegreen. According to the trust agreement, the plaintiffs were designated “owner beneficiaries” but they did not possess legal title to the property. Each of the plaintiffs in the suit eventually became delinquent on their owner beneficiary obligation and their timeshare accounts were deleted. Bluegreen reported those delinquencies as foreclosures to Experian and Equifax.
According to the suit, counsel for the plaintiffs advised Bluegreen, Experian and Equifax on numerous occasions that labeling the deletion of the account as a foreclosure was inaccurate. Experian allegedly refused to remove the foreclosure entry on the plaintiffs’ credit reports. Equifax removed the foreclosure entry on some but not all of the plaintiffs’ credit reports.
The suit alleges that one or more of the defendants violated the Fair Credit Reporting Act by:
- Willfully failing to conduct a reasonable investigation
- Negligently failing to conduct a reasonable investigation
- Negligently failing to maintain maximum accuracy of information in a credit report
- Willfully failing to maintain maximum accuracy of information in a credit report
As a result, the suit alleges that the plaintiffs suffered a drastic credit score reduction and credit worthiness. The plaintiffs seek actual, statutory and punitive damages, attorneys’ fees and other relief the court deems proper.
Michael Finn of The Finn Law Group explains, “My clients tried to resolve this matter with Bluegreen, Experian and Equifax. Unfortunately, the collection efforts and inaccurate reporting continue. This is absolutely inexcusable.”
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 email@example.com.