I was pressured into first buying a 2br unit for $20K back in 2009. When I returned in 2010 I was again pressured into "upgrading" to the 3br lock-out unit for $27K. Now that I want out (to save money to buy a house) I have seen the ugly side of this company.
They will not buy it back (although they promised to at signing). They will not help you sell it (although your friendly sales associate offered to help you with any realestate concerns you may have in the future). They are also selling the packages way above market value; my $27K unit is only worth $3K at best on the resale market and I still owe $26K + $800 per year in taxes. They do not report to the credit bureau monthly for the "GOOD" payments but if you stop it will be reported as a "FORECLOSURE" on your credit; and that will prevent you from buying a house for 2 years.
This is a night mare and I am going to see a lawyer on Monday 23 May 2011. If anyone else would like to be a part of a class action suit please join me. I have lots of other ideas to get justice. I am still an owner and that gives me the right to be on the property. I would like to be there warning the inocent people about this scam. The world will hear us if we speak out together!!
My email is email@example.com