Resorts that accept deedbacks

[BWolf Senior Member Find all posts View Profile Close BWolf]

There are other, and possibly better, ways to avoid the cost of foreclosure to the Association.

Indeed. Would you please list them?

[ace2000 Senior Member Find all posts View Profile Close ace2000]

I don't get it. How could an HOA/POA/BOD NOT have an active way to resell units or atleast an active rental arm? What do they do with the units they foreclose on? Just let them rot?

No, they give them to the PCC's or advertise to current owners. But, they only want to go as far as they need to. Unless the owners revolt, why would they make an effort, especially when there is no profit incentive?

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

Most HOA's I am familiar with DO have active resale programs. During the years that I was in the position of First VP of my HOA BOD, that was part of my portfolio. In the days before the PCC's flooding the eBay market and drove down prices and even the ability to get bids in some instances, we used that extensively. Also the old Yahoo auctions and some other auction sites, including some abroad. We listed all of our HOA weeks with the local timeshare resale broker. We annually did a mailing to everyone who had either exchanged in or rented at the resort and offered HOA weeks for sale. We put resale price lists in all resale check-in packets. Periodically, we offered ''bid sales'' to our members where we offered all HOA owned weeks to the highest bidder, whether for themselves or a friend or relative. Before we stopped selling when we were shut down by a hurricane, we had gotten our HOA owned weeks to where you could count them on one hand. After we reopened after the hurricane, I had moved up to HOA president and someone else headed the resale program.

Every HOA on the OBX listed their HOA weeks for sale through some outlet, mostly with the local timeshare specialist resale / rental broker. All also pushed in-house sales. Some were more active in their resale efforts than others, but all had resale programs.

I don't get it. How could an HOA/POA/BOD NOT have an active way to resell units or atleast an active rental arm? What do they do with the units they foreclose on? Just let them rot?

That seems like a common sense thing to me, one of the first things I check out when checking into a TS is when/where I can dispose of waste. Are these board members really that incompetent that they don't realize this?
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[timeos2 Senior Member Find all posts View Profile Close timeos2]

Indeed. Would you please list them?

Have an agreement with a third party to pay for the foreclosure in return for ownership is one widely used method. No cost to owners & a paying new owner when the foreclosure is complete.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

I don't get it. How could an HOA/POA/BOD NOT have an active way to resell units or atleast an active rental arm? What do they do with the units they foreclose on? Just let them rot?

That seems like a common sense thing to me, one of the first things I check out when checking into a TS is when/where I can dispose of waste. Are these board members really that incompetent that they don't realize this?
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What active way would you suggest that an owner doesn't also have? The only one I'm aware of is the ability to solicit on site guests. Thats a great source of buyer but is often not available to Associations do to deed or contract restrictions with Developer or other on site sales organizations. Without that the choices are exactly the same as any owner and thus no better than what any owner could also do.

By the way - you'd better get a check up for that bathroom problem you seem to be suffering from.

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

I agree with you about Ride. He seems to be spending far too much time in the bathroom.

With sold out resorts, there are no restrictions I am aware of, certainly none on OBX sold out resorts, that would stop on-site selling. If a developer is still involved, they often buy any foreclosures themselves. That is what Barrier Island Station, the only developer that has been selling on the OBX for the last 7 or 8 years does. None of them ever go back to the HOA.

HOA's find various ways to market HOA weeks. One resort on the OBX is adjacent to a golf course and members have golf priveleges, so they market off season weeks they get back to golfers. The also abut a major highway, and have a sign up about their resales there. Another is reasonably close to a set of public duck blinds and has marketed to duck hunters, as duck season coincides with deep offseason for beach activities. Several have marketed to locals who buy for day use of the facilities yearround. One or two have set up tables at public festivals to market their resale weeks. There are lots of creative things an HOA can do if they put their mind to it.

What active way would you suggest that an owner doesn't also have? The only one I'm aware of is the ability to solicit on site guests. Thats a great source of buyer but is often not available to Associations do to deed or contract restrictions with Developer or other on site sales organizations. Without that the choices are exactly the same as any owner and thus no better than what any owner could also do.

By the way - you'd better get a check up for that bathroom problem you seem to be suffering from.

[ace2000 Senior Member Find all posts View Profile Close ace2000]

I agree with you about Ride. He seems to be spending far too much time in the bathroom.

Just remind me not to ask to borrow his phone...

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Which set of excuses makes more sense? Just sayin'

Neither.

Both are equally lame.

just sayin'

[MaryH Senior Member Find all posts View Profile Close MaryH]

Island Park Village Resort in ID may accept deedbacks but it is on a case by case basis. They have an active program to resell to existing owners at set prices according to season and size.

Their management company is Trading Places and rents excess inventory on their sell off list, sometimes for less than MF.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Seems like how to get rid of them has become a popular topic on timeshare forums. 10, 15, 20 years ago, it was how to get them smart.



http://www.timeshareforums.com/forum...ight=deedbacks

It's kinda ironic, but 2 of our weeks are from the association, so you would think they would have a track record of being able to sell them, such that they would be willing to take them back. They also have a rental program and a hotel-style front-desk, so are in a perfect setup to do their own rentals. But . . .

The other four weeks are from owners who just wanted to get rid of them so badly they paid someone to do that!!!! Yeah, PCCs.

'Tis a tangled web being spun. A sticky one, too.