Active since Oct 2016
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2 reviews115 months ago
Problems trying to sell timeshare at Formosa Bay in Plettenburg Bay
<p>We bought timeshare in 1996 at Formosa Bay resort. We are now both pensioners and cannot afford to pay the levy anymore, we contacted Formosa Bay to ask for help in selling our unit. They gave us the number of Arrow Wood International who gave us a contact number in Gauteng who would be able to assist us with this problem, a Mr Hendrik du Preez in Gauteng. After giving him our resort and unit detail, he told us that the unit at that resort is worth less than a R1000 and that if he were us he would just give it back to the owners! He also told us that all timeshare in this country has lost their value and is not worth investing in a lost case. We then phoned Formosa Bay and told them they could just take the unit back without compensation, due to the fact that when we bought the timeshare we were promised a good investment - needless to say they refused and said its our problem and that we should keep on paying the levy as usual! Its very clear that the levy' s we have so loyaly paid each month fir 20 years, was not used to increase conditions at the resort. We would appreciate any advise if possible</p>
56 replies
115 months ago
Problems trying to sell timeshare at Formosa Bay in Plettenburg Bay
<p>We bought timeshare in 1996 at Formosa Bay resort. We are now both pensioners and cannot afford to pay the levy anymore, we contacted Formosa Bay to ask for help in selling our unit. They gave us the number of Arrow Wood International who gave us a contact number in Gauteng who would be able to assist us with this problem, a Mr Hendrik du Preez in Gauteng. After giving him our resort and unit detail, he told us that the unit at that resort is worth less than a R1000 and that if he were us he would just give it back to the owners! He also told us that all timeshare in this country has lost their value and is not worth investing in a lost case. We then phoned Formosa Bay and told them they could just take the unit back without compensation, due to the fact that when we bought the timeshare we were promised a good investment - needless to say they refused and said its our problem and that we should keep on paying the levy as usual! Its very clear that the levy' s we have so loyaly paid each month fir 20 years, was not used to increase conditions at the resort. We would appreciate any advise if possible</p>
0 replies
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