MROP - need opinions

[avvaa Junior Member Find all posts View Profile Close avvaa]

OK, so I won an ebay auction for a MROP timeshare. It was listed as having one banked week (2008) with no back maint. fee's due.
Turns out the 2008 week was used and not available, there are back maintenance fee's due which the closing company is paying not at my expense. There was no mention of the $200 special assessment so surprise surprise surprise but not a back breaker. I'm thinking I can get out of this thing. I only paid a $1.50 and $250 to close. I have read that this is not deeded but contracted which I have no idea what that means? I did know it was red-white & blue so no suprise there. Do I keep or get out? And what does this contracted verses deeded mean?

[Spence Super Moderator Find all posts View Profile Close Spence]

OK, so I won an ebay auction for a MROP timeshare. It was listed as having one banked week (2008) with no back maint. fee's due.
Turns out the 2008 week was used and not available, there are back maintenance fee's due which the closing company is paying not at my expense. There was no mention of the $200 special assessment so surprise surprise surprise but not a back breaker. I'm thinking I can get out of this thing. I only paid a $1.50 and $250 to close. I have read that this is not deeded but contracted which I have no idea what that means? I did know it was red-white & blue so no suprise there. Do I keep or get out? And what does this contracted verses deeded mean?

It's a 'contract/certificate of ownership' no really big deal except for those that have a problem with that, at the price you're paying it really doesn't matter.

I owned an always Red MROP and it was a neat little program before VRI, not sure if there have been any significant changes, but with all my other TS it was too much effort to keep track of as far as their lottery and the priority each year, etc.

If you got cold feet, you certainly have enough wrong with this deal that you should get a refund.

[James1975NY Junior Member Find all posts View Profile Close James1975NY]

OK, so I won an ebay auction for a MROP timeshare. It was listed as having one banked week (2008) with no back maint. fee's due.
Turns out the 2008 week was used and not available, there are back maintenance fee's due which the closing company is paying not at my expense. There was no mention of the $200 special assessment so surprise surprise surprise but not a back breaker. I'm thinking I can get out of this thing. I only paid a $1.50 and $250 to close. I have read that this is not deeded but contracted which I have no idea what that means? I did know it was red-white & blue so no suprise there. Do I keep or get out? And what does this contracted verses deeded mean?

Welcome to the world of purchasing timeshare through e-bay. First, the $250.00 is a transfer fee as their should not be any closing costs (this is not a deeded property correct?).

Your sales contract should explain that it is a membership and as well as provide you with the number of years remaining. I apologize but I am not familiar with MROP - what does this stand for?

$1.50 sales price and these are the only issues that you have run into this far? I wonder what else is lurking......