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Author
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Topic: Double refund from cancellation
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Wahoo Josh
Non MemberPosts: 5
From: Marriott's Manor Club
Registered: Apr 2005
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posted 05-24-2005 06:51
    
Late last year, a friend canceled an agreement to purchase a week with a major developer. She had paid 10% down with credit card. She mistakenly received two refunds - one via the credit card account and one via a check, which she promptly deposited. 1. Has anyone here had a similar experience?
2. If the developer discovers their mistake via a future audit, does she have to pay them back? Some of these developers make a tremendous profit. I'm not especially sad to see someone possibly profit from their mistake. IP: Logged |
copper
TUG MemberPosts: 245
From: Terrace Lakes, Idaho
Registered: Dec 2003
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posted 05-24-2005 07:42
quote:
Originally posted by Wahoo Josh:
Late last year, a friend canceled an agreement to purchase a week with a major developer. She had paid 10% down with credit card. She mistakenly received two refunds - one via the credit card account and one via a check, which she promptly deposited. 1. Has anyone here had a similar experience?
2. If the developer discovers their mistake via a future audit, does she have to pay them back? Some of these developers make a tremendous profit. I'm not especially sad to see someone possibly profit from their mistake.
Never had the experience and IMO your friend has an ethics problem. It doesn't matter how much profit a developer makes, when you sink to their level you are just as bad as they are.
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IAMTHEWALRUS
TUG MemberPosts: 89
From: MILWAUKEE, WI.
Registered: Apr 2005
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posted 05-24-2005 07:49
Honestly speaking, I don't know if I would return the money, until they asked. But if the mistake is discovered, she will have to return it. She has no defense.Odds are that the mistake will be discovered. So if I were her, I wouldn't go spending it all. ------------------
ON A QUEST TO VISIT ALL 50 STATES. 7 TO GO... IP: Logged |
theunitrep
TUG MemberPosts: 166
From: Vista, CA Own at: Westin Ka`anapali, Sheraton Mountain Vista and Parkway International
Registered: Feb 2004
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posted 05-24-2005 10:03
Wouldn't a 10 percent down payment on a timeshare purchase from a major developer be a significant amount -- more than $1,000?It would be pretty difficult to explain how a person didn't realize getting two refunds of this size. Jerry IP: Logged |
judyjht
TUG MemberPosts: 863
From: Massachusetts. Own Cape Cod Weeks 33 & 34
Registered: Dec 2001
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posted 05-24-2005 11:26
You could play just as dumb as they do they they take your money!!------------------
Judy Visit my website IP: Logged |
IAMTHEWALRUS
TUG MemberPosts: 89
From: MILWAUKEE, WI.
Registered: Apr 2005
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posted 05-24-2005 12:32
Playing dumb won't cut it in court. She'll lose. Whether she realized it or not, she received moeny she wasn't entitled to, and will have to give it back.------------------
ON A QUEST TO VISIT ALL 50 STATES. 7 TO GO... IP: Logged |
tonyg
TUG MemberPosts: 7052
From: East Canaan, CT -- Own at:Royal Mayan, Seapointer
Registered: Dec 2000
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posted 05-24-2005 19:57
Give them seven days to rescind their double payment. Oops, they already went by the rescission period. Odds are that if they haven't caught it by now they may never find it and even if they do, whoever made the mistake might not want to bring it up. If they do ask for it back, pay them after a week or two of researching. Perhaps it's unethical, but I have wasted enough time in stores trying to convince people that I was undercharged or given too much change.------------------
There is a very fine line between "hobby" and "mental illness."
***
http://www.cancundiningguide.com/ [This message has been edited by tonyg (edited 05-24-2005).] [This message has been edited by tonyg (edited 05-24-2005).] IP: Logged |
busymom_of4
Non MemberPosts: 174
From: Oregon- *Owner of Worldmark*
Registered: Apr 2002
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posted 05-24-2005 21:18
We had a very similar experience once when selling our car. We sold it to a dealer. We owed 13,200 and a few dollars. We sold them the car for $13,500, so we should have gotten a check for a little over $200. One day I got the mail. The first envelope I opened was a letter from the bank thanking me for paying off my loan. The next one was a check for $13,500 from the dealer. I drove down to the dealer to get the right check and the owner came out and was very appreciative. He gave me a tank of gas, and a leather atlas. I call it my $13,000 atlas. I know I had to give it back, but it was fun to imagine what all I could do with the $. IP: Logged |
Zac495
TUG MemberPosts: 454
From: Limerick, Pa
Registered: Jul 2004
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posted 05-25-2005 04:56
I would keep it for 2 - 3 weeks to be sure they didn't
A: cancel the check
B: Cancel the credit card refundTHEN, I would give it back. It's wrong to lie and steal . Period. How do we teach our kids if we don't do the same? ------------------
Cheers,
Ellen IP: Logged |
PerryM
TUG MemberPosts: 1577
From: Ballwin, MO, Park Plaza in Park City; WorldMark &TrendWest; RCI Points; Windjammer tall ship; SA, Summit Watch
Registered: May 2002
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posted 05-25-2005 06:03
Interesting problem; involves ethics and incompetence on the developer’s part. (Sounds familiar doesn’t it?)Eventually they will catch the mistake – make no mistake about that. So this money is under her protection – don’t lose it or spend it. It also has IRS problems – if she keeps it and years later the developer finds the mistake they will contact her and perhaps the IRS if she gives them any static. Return the money but ask for a 10% reward – she will be spending time on the phone with someone to straighten out this mess. Then don’t be surprised if they “find” the mistake again in the future and bill her a second time. Make sure she gets a letter from them requesting the money back and that this ends the matter. She then sends a check and that becomes proof of her compliance. Keep copies of the credit card bill and this letter in a folder for at least 3 years. That 10% reward will pay her for her time. (If she ever gets it). If not a reward perhaps the developer can offer some sort of compensation – her good deed for the year will cost her time and some expense - she will deserve this reward. Perry [This message has been edited by PerryM (edited 05-25-2005).] IP: Logged |
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