On March 23, 2009 my parents (elderly) listened to a sales pitch by Torrenza while vacationing in Mazatlan. After listening to the sales pitch they were interested by the prospect of trading another timeshare of theirs for one at Torrenza. One agent left and returned after 15 minutes and indicated a verification of ownership of the timeshare and its estimated value.
A discussion ensued regarding the trade of the specific timeshare and no need of money, only that signatures were needed on the documents laid before them. The documents indicated the total value for Torrrenza and $0 balance due.
Upon returning to the States they received a “new account” credit card statement from Bank of America for the amount of the timeshare at Torrenza. They were under the belief that they signed a “Bill of Sale” trading/exchanging their other timeshare with no further compensation due.
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