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As I recall, one of the problems with Powhatan is that even though it is essentially sold out, Sunterra refuses to turn over control to a member-elected HOA. A continued developer dictatorship instead of turning it over to a homeowner democracy is simply wrong. We have the same thing on the Outer Banks with Barrier Island Station resorts.
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Powhatan was 'designed/zoned' for say ~500 units and was only built out to ~450. Sunterra has held control saying that it wasn't finished and so had not reached 90% private ownership where it would be required to relinquish control to a member elected HOA. Construction of the last two buildings is underway, we'll see what Sunterra does when these final units are sold. Construction 'update'.Originally posted by Carolinian View Post
... not enough time for all the timeshares ®Comment
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Interesting. There was a thread on Powhatan over yonder some time ago with complaints about the failure to turn the reins over to an elected HOA, and the consensus seemed to be that Sunterra never intended to build any more units at Powhatan and was just using this as an excuse. I also recall that the covenants had some language that made it virtually impossible for members to demand a handover to an HOA.
Barrier Island Station long ago passed the threshold to turn over control to an HOA at long sold-out Barrier Island Station - Duck, and it doesn't seem likely to happen until someone organizes a group to haul them into court (as happened to First Flight Builders at all four of their OBX resorts when then refused to hand over). Although BIS purchased Ocean Pines from another developer, that is also long past the time designated in the covenants for a handover.
Originally posted by SpenceComment
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Ebay Auction
Why did you pull the auction before it was over. Typically a 'smart' ebay bidder will not bid early in the game. Typically all/most of the action takes place in the hour before the auction expires. Just my thought.Originally posted by twinnikerComment
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If you checked with timeshare relief, try this. Repost on eBay, state that you are willing to help in closing, then put 1/5 or 1/10 of the money TS relief ask as the amount you put on closing help, see if it sell.Originally posted by twinniker
Make sure it go through a clsoing company though.
Jya-NingJya-NingComment
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twinniker, if you really own a timeshare property, you ought to learn how to use it!
Paying $3,500-4,000 to Timeshare Relief is a huge mistake. I can guarantee that someone wants your week and will pay you a dollar for it.
Why does this strike me as odd?
You make two posts, saying the same things that Timeshare Relief says to get people to pay to take timeshares off of their hands.
Lies Timeshare Relief tells you:
1. You cannot sell your week for even $1 on ebay.
Truth: Do you wait to see how many of those weeks disappear at the last second, sniped by some buyer? If you have a good week, it will go for more than a buck, I guarantee it. I advertised a blue week on redweek.com and received many inquiries.
2. Maintenance fees go on and on forever and ever.
Truth: Most resorts will take the weeks back via Quitclaim deed. Your heirs do not have to take your week and the debt that goes with it.
3. Good BBB record?
Truth: No way do they have a good record with the BBB. They just stay under the BBB radar by changing their name often.
Every now and then some posts appear on this site and on TUG by people like you, talking up Resort Acquisitions, Timeshare Relief and Vacation Solutions, all the same company. It is highly suspicious, in my opinion, that you would think this is a solution to your supposed problem. Why post here? Because you really want to convince timeshare owners that this is a great idea, when in actuality it is a ridiculous solution to a non-problem.Comment
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What really makes this a scam is that so many HOA's will take weeks back on a deedback, for only the cost of the deed, which is generally $100-200. Most OBX resorts will do that, for example. A few weeks ago, I saw a deed recorded for an OBX resort for two summer weeks to one of these outfits, either Timeshare Relief or Timeshare Solutions. The resort is one that I know would take a deedback and could refer an owner to an attorney who would charge $100 for the deed, covering both weeks. Yet they probably paid these parasites at the scam company around $7,000 to take the weeks off of their hands. Better yet they could have put them up for auction and put several thousand in their pockets.Comment
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Cindy,Originally posted by shopgirl View Post
2. Maintenance fees go on and on forever and ever.
Truth: Most resorts will take the weeks back via Quitclaim deed. Your heirs do not have to take your week and the debt that goes with it.
I don't think this part is correct. Some resorts will take a week back but most will not. I have not conducted a survey but just using my memory from reading 1000s of posts over yonder. Think about it-why would a resort want to be put in a position of having to find another buyer and losing the MF in the meantime?
If you die and your heirs inherit your t/s, and other property, they do have to deal with it.
PhilComment
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Better yet is that TUG has announced a classified section for free ads for timeshares that people are willing to sell for a dollar. We may have the same feature here too, if Ken reads this.
Of course, the buyer will have to do due diligence or he may end up with a problem rather than with a carefree vacation week.
I had a hard time trying to find it but here is the link and read post #16. I remember reading something too about advertising cheap timeshares for almost free but don't know where it is but it's there somewhere.
http://www.tugbbs.com/forums/showthread.php?t=32413Comment
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Originally posted by I-DE-HO View Post
Well, our two Colorado resorts will take back our weeks with no problem, and the developer is long gone. Our Hawaii resorts would love to resell our weeks as well.
Maybe this is not true, but I think most resorts will take weeks back and can get owners to take over the maintenance fee costs. I think it would be easy to give the weeks away, unless the weeks are really at bad times of the year, at old resorts that are rundown.
I guess I see value in timeshare, even when they are blue and green weeks. There is VALUE because you can still trade into Hawaii at the last minute with any week with RCI. I can pull Hawaii with my blue week at the last minute, airfare is cheap right now to Hawaii, so why not keep that week with the maintenance fees of $416 for just that purpose? Anyone can get to Orlando with a blue/green week any time. I think that is something that people overlook that are trying to give away their weeks.
The thing with TUGgers and 4M's members is that we want to get two weeks for the price of one. We want to take 45,000 RCI points and turn them into 5 weeks of vacations. There is an entire generation of people that would be glad to get a timeshare week at Silverleaf in the offseason for $99+closing costs, just to try it out and get some exchanges to some great places, maybe at the last minute, maybe planned. I know this is true because there was a tug of war at our house over Christmas dinner last year, when I promised our foster son (now 27) our blue week in the mountains. He had been there with our family and loved the resort, so much that he wanted to actually use the week occasionally. I told him that was fine but it was a "bad trader" and sat down at the computer to prove it to him. He said, "try pulling a Lake Havasu in July," I did it and pulled a GC. Then he said, I want to go to Orlando with this week, so I pulled a HGVC in May for him. Then he asked me to try searching for California and I pulled a week a Lawrence Welk in May. He was so excited. I said that it wasn't as bad a trader as I thought.
Our kids wanted to know why we gave the week to Kimeul! I told them I could get them vacations with our RED weeks. It was plain funny!
For that time of year, I couldn't get them much better vacations with the red weeks than I could with the blue week. Now Kimeul is amazed to pull Hawaii weeks at 1:00 a.m. Eastern Time for his mom and her boyfriend for a last minute trip to Kauai or Maui. He pulled a Kona Hawaiian Village the other night and called me to ask about the resort. This is a blue week, folks, pulling a Hawaii Gold Crown for $416+trade fee of $164.
Yes, I do understand that not all resorts will take back your weeks, but it doesn't hurt to ask. What if you offered your resort a little cash to take back your week, for marketing purposes. There are just so many more options than paying $4k to give your timeshare to these sleazy guys. They eventually DO sell the weeks, no matter what they tell you. They make money on the closing and money when they take the week from you, they are just making money for doing nothing.
I like the idea of a timeshare company that will just allow you to dump your timeshare. I bet I could sell some of them. That should be something a person could offer.
I guess I am amazed that I bought two weeks from these guys on ebay, tochoa25 and tsrecycler, that were at resorts on Kauai. How hard do you think it took for them to sell Kauai Gold Crowns to folks like me? Not hard at all. But the people they cheated and lied to in order to get them to pay $4k to take those weeks off their hands???
Those weeks have VALUE.
Colorado mountain weeks have value, even the blue and green ones. I proved it to myself just a few months ago while trying to prove to Kimeul that they were not valuable. Kimeul is tickled pink at his week and keeps trying to pay me for it. He has friends that are envious of his week. He announced to them that he is going to our annual meeting on Sunday and several of them had questions about his week. He has no idea that others think his week is so bad they would pay to give it away.
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Cindy, you are the best!
Keep educating the poor old folks out there, who no longer want to use their timeshare weeks. It is such a shame to let one of these crooks have their timeshares and collect big money too and then see them advertised on eBay while the old folks or their children could have done the same thing themselves. Everyone can do eBay if they can read and write.
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iconnections thanks for the information I will share this with friends and some family members who are not using their t/s.Comment
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Cindy, you are wrong even though your experience tells you different. 90% of resorts will not take back a week, make it 99% if you're talking about a white or blue week.Originally posted by shopgirl... not enough time for all the timeshares ®Comment
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Every resort I have ever owned would take deedbacks. Most resorts on the OBX will. Some places that might be different, but your 90% seems way off the mark.
Originally posted by SpenceComment
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Spence, I am sure at least 75% of resorts will take weeks back! How could I own at 7 different resorts that will take them back? Do you think we were just lucky 20 and 25 years ago when we bought those first two resorts in Colorado. Not likely. I know that all of the resorts that Allegiant and Americana Properties manage in Colorado, about 10 total in number, all take deedbacks.
Actually, all of my resorts will take back any weeks, no matter what week we own. I know the Hawaii weeks are a given. The one resort that has a lot of green weeks in inventory right now (about 50) is Twin Rivers in Winter Park. CO. The resort is older but has been updated and many of the blue/green weeks turn into ski weeks some years, when snow is still present at the ski areas. Many Denverites take these weeks, when we give them away, but we do always have some in inventory. All of the yellow/white weeks there are likely to have snow and great skiing. There is a lot of snow up there right now and we are still in summer red.
What our resort needs is a good rental program, a way to recover lost maintenance fees. This is something we lack right now and need to work on for our future. But that is off the subject completely, as is my tirade on Vacation Solutions.
My whole point is that I am suspicious of any person who posts positives about Timeshare Relief LLC, Vacation Solutions LLC, Resort Acquisitions LLC, and all of their other related companies. It is a way for them to attempt to get free advertising, which I will not allow to happen without putting the above information out there.
You never know what your resort will do for you, unless you ASK THEM! Ask the management company, then ask the board. That is what I am saying. I am not bragging that my resort will take weeks back, therefore my resort is better than the rest. I am saying that you never know if you do not try.
There is a truth that younger adults, people in their twenties, are very curious about timeshare and would like an opportunity if we give it for free with the only stipulation that they pay maintenance fees. I know of at least ten of Kimeul's friends that are envious of his blue week.
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