I wanted to take this opportunity to personally thank you for using Helix Finance to process the sale of
your timeshare property to the Buyer that we have arranged for you.
The process to complete your sale transaction normally takes about 90 days. You should be receiving a
conveyance package from us in about 80 days that contains a Warranty Deed and Closing Statement
that you should have legal counsel review before signing it and returning these documents to us to
complete the sale.
Everything we do is in writing, so please continue to look at your emails or fax machine for regular
updates on the progress we are making in working through the closing checklist towards completion.
We want to get this done as quickly as possible, because frankly we don't get paid until you get paid.
We receive a fee from the lender for processing the closing documents, which is paid at completion.
The staff here at Helix Finance will be glad to keep you updated in writing on a weekly basis or, worst
case scenario, every other week. If you have questions or concerns, please let us know immediately. We
sincerely appreciate you doing business with our company. If you know of anyone else that wants to
sell their timeshare property or is a qualified buyer seeking financing for the purchase of another
property, please have them contact us.
Very truly yours,
President [redacted] Phone: ###-###-####
Fax: ###-###-####
Email: [redacted]
Purchase Agreement
Buyer - [redacted] & [redacted]
Address -
Seller - [redacted] & [redacted]
Address -
Date of Contract: 09-**-2013
Seller agrees to sell and buyer agrees to purchase the following timeshare:
Resort: Shell Vacation Club
Location: Multi-Destinational
Number of Points: 7,000 Week Number: Float
Usage: Annual
PURCHASE TERMS
Sale Price: $ 33,000.00
Financing Required: YES - X NO -
Buyers 25% deposit: $ 8,250.00
Amount Financed: $ 24,750.00
Buyer shall have the right to the next usage year of the unit or the right thereof.
If the use rights are assigned to Buyer and Seller fails to provide the necessary facilitation for use to Buyer, Seller authorizes the applicable (maintenance etc.) fees be deducted from the proceeds otherwise due.
Each owner is personally liable for the payment of his/her assessments for common expenses, and failure to timely pay these assessments may result in restrictions or loss of use and/or ownership rights.
There are many important documents relating to the timeshare plan which you should review upon purchasing a timeshare period, including the declaration of condominium or covenants and restrictions; the association articles and bylaws; the current year’s operating and reserve budget; and any rules and regulations affecting the use of timeshare plan accommodations and facilities.
DEFINITIONS:
As used in this contract “Company” shall mean Helix Finance, LLC, located in Bronx, NY. Under signature of Company
Representative [redacted], as [redacted] and Founder will sign, binding company to the contents of this contract. As used in this contract, “timeshare” shall mean any form of ownership providing a right to use and occupy a room, apartment, villa, cottage, or the like for a specified interval of each year, either fixed or varied as to date and place, whether of not such ownership is in fee simple, for a fixed term of years or number of uses, established as part of a condominium regime, club plan or otherwise. “Timeshare unit” shall mean the physical space dedicated to timeshare ownership. “Week” shall mean a seven-day period commencing on 4:00 pm Sunday. Week number 1 is the first week commencing after January 1 of each year; subsequent weeks are numbered consecutively through week number 52 (which shall extend until the commencement of the following week number 1). “Residence club points” shall mean the points established as part of a vacation plan.
PURCHASE AGREEMENT:
The Seller agrees to sell and the Buyer agrees to buy (a) the timeshare unit described the allocated undivided interest in the common elements, the use of all furniture and personal property in the timeshare unit, the right to use and occupy the timeshare unit during the week(s) described, and (b) all credits for prepaid membership and deposited timeshare weeks as set forth or (c) the vacation club points described under “DEFINITIONS”.
PURCHASE PRICE AND PAYMENT:
In exchange for Seller’s transferring to Buyer all of Seller’s ownership rights in the property described, Buyer will pay
Seller the amount set forth as the Purchase Price. Buyer will pay the Deposit amount stated on the Contract upon Buyers signing the Contract by Cashier's Check or Money Order.
LOAN CONTINGENCY:
Contract shall be firm and unconditional upon execution by both parties
CLOSING DATE:
The approximate date for payment of the balance of the purchase price and delivery of the conveyance documents (the “Closing”) is not later than 90 days after the date of Contract term fulfillment by both parties.
COSTS TO PROCESS SALE:
Seller shall pay $1,990 upon signature of the Agreement as its only cost to process and close the sale of the property. Such costs shall be made payable to an assigned third party holding company via a Cashier's Check or Money Order according to instruction per Company Representative. Company further warrants and represents that the Buyer has put up their deposit of 25% and Company is holding that deposit. If anything out of the seller's control stops the closing seller will be refunded their cost in the amount of $1,990.
FEE PAYABLE TO COMPANY:
Company discloses to all parties that they receive a 10% commission, based upon the amount of the loan, paid directly from the Lender at the completion of sale and funding of the new first mortgage. This fee does not come from the Sellers proceeds.
CONTRACT CANCELLATION:
If Buyer is unable or unwilling to complete this transaction or attempts to cancel this transaction, Buyer will forfeit their 25% deposit directly to Seller as liquidated damages. In such event, Company may hold $800 from the 25% as a cancellation fee for time and services performed. The balance will forfeit to Seller, and will be remitted to Seller in the form of a cashier's check within ten (10) business days of Buyer canceling. Seller will also receive back, from Company, their cost in the amount of $1,990 if the Buyer cancels.
RISK OF LOSS:
Any loss or damage to the property by fire or other hazard is the Seller’s responsibility until the closing. If property suffers damage which has not been repaired within 30 days after the scheduled closing date, either party may cancel this Contract and all deposit monies shall be returned to Buyer and all costs returned to Seller, the parties shall have no further obligations to each other with respect to this Contract.
TRANSFER DOCUMENTS: TITLE:
Company will transfer, on behalf of the Seller, ownership of the property and all related rights by a deed in proper form for recording or such other document or documents as necessary to transfer Seller's full rights of ownership. Seller's transfer of ownership shall be free of all claims and rights of others, except for (a) municipal zoning ordinances and recorded agreements which limit the use of the property, provided same do not interfere with the present use of the property, and (b) the restrictions, reservations, conditions and provisions set forth in the documents establishing the timesharing use or vacation club plan.
CLOSING AND POSSESSION:
Seller will deliver the document transferring ownership when Company pays the balance of the purchase price. Unless otherwise agreed between the parties, closing shall take place by mail. Funds and documents shall be delivered through Helix Finance, LLC. Helix Finance, LLC shall mail the balance of the purchase price to Seller, who shall mail the deed or other transfer documents to Helix Finance, LLC promptly upon funds having cleared. Seller shall deliver to Helix Finance, LLC all documents necessary to transfer such exchange network membership and timeshare weeks on deposit. Buyer will also be given constructive possession of the timeshare unit at the time of closing.
TAXES, MAINTENANCE CHARGES:
At the completion and finalization of the closing Seller will no longer be held liable for any Maintenance Fees or Taxes associated with the timeshare property. At completion of the sale Buyer will be fully responsible for all fees associated with the timeshare property.
SATISFACTION OF LIENS:
All claims of others against the property, such as mortgage liens, must be paid in full or satisfied on or before the closing. Seller may satisfy such claims from the remainder of the purchase price paid at closing. Company shall deduct from the Sellers profit only to pay any monies owed towards the property listed above.
BINDING EFFECT:
This Contract is binding upon all parties who sign it and all who succeed to their rights and responsibilities. It replaces and cancels any prior written or verbal understandings and agreements. This contract can only be changed by an agreement in writing signed by both Buyer and Seller. The Parties below agree to the terms and conditions stated above.
Company Representative
President [redacted]
SELLER BUYER
[redacted]Desired Settlement: To be able to see them punished for their misleading documentation and emails which provided them with monies in their pockets and to go to jail for imbezzling monies from my husband and I. For misleading the consumer into thinking that you can trust them because they don't know the business in which they have been stealing and manipulating us hard working people and taking us for granted. I'm very upset and physically, emotionally, mentally stressed from this manipulative, deceiving business which have made hard working American people look for retribution by having our government seek damages to this company. I hope that you can get back all my money because I really needed it when my mother was very ill and they took advantage of that time without even being sincere when they stole my money.
Review: [redacted] Phone: ###-###-####
Fax: ###-###-####
Email: [redacted]
Welcome Letter
Dear [redacted] & [redacted],
I wanted to take this opportunity to personally thank you for using Helix Finance to process the sale of
your timeshare property to the Buyer that we have arranged for you.
The process to complete your sale transaction normally takes about 90 days. You should be receiving a
conveyance package from us in about 80 days that contains a Warranty Deed and Closing Statement
that you should have legal counsel review before signing it and returning these documents to us to
complete the sale.
Everything we do is in writing, so please continue to look at your emails or fax machine for regular
updates on the progress we are making in working through the closing checklist towards completion.
We want to get this done as quickly as possible, because frankly we don't get paid until you get paid.
We receive a fee from the lender for processing the closing documents, which is paid at completion.
The staff here at Helix Finance will be glad to keep you updated in writing on a weekly basis or, worst
case scenario, every other week. If you have questions or concerns, please let us know immediately. We
sincerely appreciate you doing business with our company. If you know of anyone else that wants to
sell their timeshare property or is a qualified buyer seeking financing for the purchase of another
property, please have them contact us.
Very truly yours,
President [redacted] Phone: ###-###-####
Fax: ###-###-####
Email: [redacted]
Purchase Agreement
Buyer - [redacted] & [redacted]
Address -
Seller - [redacted] & [redacted]
Address -
Date of Contract: 09-**-2013
Seller agrees to sell and buyer agrees to purchase the following timeshare:
Resort: Shell Vacation Club
Location: Multi-Destinational
Number of Points: 7,000 Week Number: Float
Usage: Annual
PURCHASE TERMS
Sale Price: $ 33,000.00
Financing Required: YES - X NO -
Buyers 25% deposit: $ 8,250.00
Amount Financed: $ 24,750.00
Buyer shall have the right to the next usage year of the unit or the right thereof.
If the use rights are assigned to Buyer and Seller fails to provide the necessary facilitation for use to Buyer, Seller authorizes the applicable (maintenance etc.) fees be deducted from the proceeds otherwise due.
Each owner is personally liable for the payment of his/her assessments for common expenses, and failure to timely pay these assessments may result in restrictions or loss of use and/or ownership rights.
There are many important documents relating to the timeshare plan which you should review upon purchasing a timeshare period, including the declaration of condominium or covenants and restrictions; the association articles and bylaws; the current year’s operating and reserve budget; and any rules and regulations affecting the use of timeshare plan accommodations and facilities.
DEFINITIONS:
As used in this contract “Company” shall mean Helix Finance, LLC, located in Bronx, NY. Under signature of Company
Representative [redacted], as [redacted] and Founder will sign, binding company to the contents of this contract. As used in this contract, “timeshare” shall mean any form of ownership providing a right to use and occupy a room, apartment, villa, cottage, or the like for a specified interval of each year, either fixed or varied as to date and place, whether of not such ownership is in fee simple, for a fixed term of years or number of uses, established as part of a condominium regime, club plan or otherwise. “Timeshare unit” shall mean the physical space dedicated to timeshare ownership. “Week” shall mean a seven-day period commencing on 4:00 pm Sunday. Week number 1 is the first week commencing after January 1 of each year; subsequent weeks are numbered consecutively through week number 52 (which shall extend until the commencement of the following week number 1). “Residence club points” shall mean the points established as part of a vacation plan.
PURCHASE AGREEMENT:
The Seller agrees to sell and the Buyer agrees to buy (a) the timeshare unit described the allocated undivided interest in the common elements, the use of all furniture and personal property in the timeshare unit, the right to use and occupy the timeshare unit during the week(s) described, and (b) all credits for prepaid membership and deposited timeshare weeks as set forth or (c) the vacation club points described under “DEFINITIONS”.
PURCHASE PRICE AND PAYMENT:
In exchange for Seller’s transferring to Buyer all of Seller’s ownership rights in the property described, Buyer will pay
Seller the amount set forth as the Purchase Price. Buyer will pay the Deposit amount stated on the Contract upon Buyers signing the Contract by Cashier's Check or Money Order.
LOAN CONTINGENCY:
Contract shall be firm and unconditional upon execution by both parties
CLOSING DATE:
The approximate date for payment of the balance of the purchase price and delivery of the conveyance documents (the “Closing”) is not later than 90 days after the date of Contract term fulfillment by both parties.
COSTS TO PROCESS SALE:
Seller shall pay $1,990 upon signature of the Agreement as its only cost to process and close the sale of the property. Such costs shall be made payable to an assigned third party holding company via a Cashier's Check or Money Order according to instruction per Company Representative. Company further warrants and represents that the Buyer has put up their deposit of 25% and Company is holding that deposit. If anything out of the seller's control stops the closing seller will be refunded their cost in the amount of $1,990.
FEE PAYABLE TO COMPANY:
Company discloses to all parties that they receive a 10% commission, based upon the amount of the loan, paid directly from the Lender at the completion of sale and funding of the new first mortgage. This fee does not come from the Sellers proceeds.
CONTRACT CANCELLATION:
If Buyer is unable or unwilling to complete this transaction or attempts to cancel this transaction, Buyer will forfeit their 25% deposit directly to Seller as liquidated damages. In such event, Company may hold $800 from the 25% as a cancellation fee for time and services performed. The balance will forfeit to Seller, and will be remitted to Seller in the form of a cashier's check within ten (10) business days of Buyer canceling. Seller will also receive back, from Company, their cost in the amount of $1,990 if the Buyer cancels.
RISK OF LOSS:
Any loss or damage to the property by fire or other hazard is the Seller’s responsibility until the closing. If property suffers damage which has not been repaired within 30 days after the scheduled closing date, either party may cancel this Contract and all deposit monies shall be returned to Buyer and all costs returned to Seller, the parties shall have no further obligations to each other with respect to this Contract.
TRANSFER DOCUMENTS: TITLE:
Company will transfer, on behalf of the Seller, ownership of the property and all related rights by a deed in proper form for recording or such other document or documents as necessary to transfer Seller's full rights of ownership. Seller's transfer of ownership shall be free of all claims and rights of others, except for (a) municipal zoning ordinances and recorded agreements which limit the use of the property, provided same do not interfere with the present use of the property, and (b) the restrictions, reservations, conditions and provisions set forth in the documents establishing the timesharing use or vacation club plan.
CLOSING AND POSSESSION:
Seller will deliver the document transferring ownership when Company pays the balance of the purchase price. Unless otherwise agreed between the parties, closing shall take place by mail. Funds and documents shall be delivered through Helix Finance, LLC. Helix Finance, LLC shall mail the balance of the purchase price to Seller, who shall mail the deed or other transfer documents to Helix Finance, LLC promptly upon funds having cleared. Seller shall deliver to Helix Finance, LLC all documents necessary to transfer such exchange network membership and timeshare weeks on deposit. Buyer will also be given constructive possession of the timeshare unit at the time of closing.
TAXES, MAINTENANCE CHARGES:
At the completion and finalization of the closing Seller will no longer be held liable for any Maintenance Fees or Taxes associated with the timeshare property. At completion of the sale Buyer will be fully responsible for all fees associated with the timeshare property.
SATISFACTION OF LIENS:
All claims of others against the property, such as mortgage liens, must be paid in full or satisfied on or before the closing. Seller may satisfy such claims from the remainder of the purchase price paid at closing. Company shall deduct from the Sellers profit only to pay any monies owed towards the property listed above.
BINDING EFFECT:
This Contract is binding upon all parties who sign it and all who succeed to their rights and responsibilities. It replaces and cancels any prior written or verbal understandings and agreements. This contract can only be changed by an agreement in writing signed by both Buyer and Seller. The Parties below agree to the terms and conditions stated above.
Company Representative
President [redacted]
SELLER BUYER
[redacted]Desired Settlement: To be able to see them punished for their misleading documentation and emails which provided them with monies in their pockets and to go to jail for imbezzling monies from my husband and I. For misleading the consumer into thinking that you can trust them because they don't know the business in which they have been stealing and manipulating us hard working people and taking us for granted. I'm very upset and physically, emotionally, mentally stressed from this manipulative, deceiving business which have made hard working American people look for retribution by having our government seek damages to this company. I hope that you can get back all my money because I really needed it when my mother was very ill and they took advantage of that time without even being sincere when they stole my money.