Real Estate Agency in Perth Austrlia busted over mining town claims

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Providing unsubstantiated rental guarantees for investment properties in a troubled mining town has landed a Perth real estate Macro Realty agency in hot water.

A Perth agency and its directors have felt the wrath of the regulator after making unsubstantiated claims about rental income potential in the town of Newman.

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Crawford victim of Pilbara property plunge

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Liquidators have been appointed to Crawford Property Group, with the firm becoming the second Pilbara-focused real estate player to run into strife in 2016.

Australian Securities and Investments Commission documents show liquidators at Grant Thornton were appointed to Crawford Property Group, as well as an additional nine related entities, on July 19.

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Don’t sign or commit to any other contract & Don’t risk further money.

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Have Bad Investment Decisions Eroded Your Savings? You are not alone? Doing nothing about it may not be the best option. 80% of financially injured victims suffer in silence. The rest 20% act to seek legal restitution.
Create A Crowd & Learn About Your Rights For A Refund At Our Cost – If you belong to the 20% – We Would Like To Hear From You!

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LITIGATION UPDATE: NAX CAPITAL – NIXDORF AX – HOLDINGS

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NAX-capital-yourvoice-asiaITRA can now confirm we are in contact with ex staff preparing to make Queens Counsel Evidence regarding the fraudulent activity of NAX CAPITAL and AX Holdings.

We now have substantial evidence these organisations are one of the same. We will be attempting to gain hearing in the Supreme Court of the Philippines before Chief Justice Maria Lourdes Sereno.

ax-holdings-yourvoice-asiaWe are currently attempting as a matter of urgency to contact the last fifteen (15) AX HOLDINGS / TREASURES victims residing within the Republic of Singapore before assessing the case for trial.

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No Luck for mother who bought RCI Pts.

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A Client had a timeshare with RCI for years with a fixed week in the Poconos in PA. When she passed away a couple of years ago we found the paperwork. My mom had no interest and was going to call them and tell them they could have it. She mentioned it to me and eventually I was able to get ahold of a local rep who totally schmoozed me into believing this is fantastic. Long and the short of it… I transferred the account to a points account ($2000.00) and was told I could use it at any Wyndham hotels and all of the places listed on the website. Turns out there is a lot you can do on the RCI website but very little of it allows you to use points. So here I am paying two timeshares (oh yea icing on the cake the sales rep “gave me… for free” a 2nd timeshare that had just been foreclosed on so now I have to pay two annual fees and get twice the points that I can’t use.)

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My timeshare resort is shutting down – what are my options?

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We just got a notice that my timeshare resort in Reno, Nevada, is going out of business at the end of the year, too broke to continue. They want me to sign a deed-back where I just give up my timeshare, for no money. I have enjoyed vacationing at the Plaza Resort Club for a long time. Should I just sign over the deed or get a lawyer?

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Diamond Resorts are have class action against them

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Diamond Resorts are trying to get dismissed a class action against them for claims that they violated the Vacation ownership and Timeshare Act of 2004. Elderly clients claim that they were swindled into paying more for vacation rentals that they had little access to. The lead Plaintiff Sharon Ferraro, said that she originally paid $19,000 for a timeshare from Pacific Monarch Resorts. After Monarch was acquired by Diamond Resorts she was contacted by a representative who invited her to a meeting so that she could purchase more points to use towards her vacation rental. At the meeting in Palm Springs in 2013, she was informed that unless she upgraded her timeshare, she would eventually be left with almost no choice of resorts. She was also told during the meeting that her quarterly maintenance fees would reduce and although she was persuaded to upgrade her timeshare, she now claims it is not only worthless but her maintenance fees have increased to such a level that she can not afford to pay them. A similar theme is heard from the other plaintiffs in the class action who also experienced sharp increases in fees on top of purchasing points or upgrades. Diamond Resorts have argued that that the cases do not qualify as a class action as they are made up of 19 transactions over 15 years and that there was no overlap in witnesses identified by Ferraro and the other plaintiffs. Diamond say that keeping track of the different people involved and different state laws could potentially confuse a jury and are arguing that an outright dismissal is the appropriate remedy. Diamond have denied the plaintiffs’ claim of a single scheme that took place across three vacation rental sellers – Sunterra Corporation, Monarch and Diamond – noting that the sellers were independent companies. They then later acquired the other two vacation rental companies from whom many of the plaintiffs acquired their vacation packages. Ferraro has argued back that even though the purchases were made with different sales representatives at different companies, the contracts were the same and their witnesses could attest to the underhanded manner in which they were sold. Other defendants include Diamond Resorts Financial Services, Diamond Resorts Hawaii Collection Development, Diamond Resorts International Club, Diamond Resorts International Marketing, Diamond Resorts Management, Diamond Resorts U.S. Collection Members Association, Diamond Resorts US Collection Development, ILX Acquisition, and Premiere Vacation Collection Owners Association. The trial date has been set for April 29th 2016

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