Villa L'Auberge has recently accepted a deed back. They rent and resell for some pretty big bucks.
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Resorts that accept deedbacks
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Originally posted by rikkis_playpen View PostGreat post..
FLBR is a well run resort.. Ken Fromer deserves a standing ovation for how he has reviatalized that resort around over the last few years.
The Massanutten Resorts also accept some limited deedbacks..
If you are a timeshare owner and are thinking about liquidating your ownership, before paying ANYONE a dime- call your resort's owners association as well as the resort management company and ask about deedbacks.
There aren't many resorts who are accepting ownerships at this time, but the opportunity is certainly worth your time..
I have a timeshare with westgate vacation villas , purchased around 1985 , Im a british citizen and am wondering if I just stop paying these fees would they pursue me over here , and would I have any issue in getting into the usa again . One more question if I stopped paying the fees wouldnt they just take the timeshare back for non payment
thanks again John Liverpool uk
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When a developer refuse to buy your timeshare back something is wrong in my opinion. When the developer sold you the timeshare it was the greatest vacation investment for your family. Now when you are to old to use it, or you cannot travel long distances or your spouse has passed away this same developer's who sold you this great timeshare does not want to buy it back at the fraction of the cost that they sold it to you. WHY ?
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Originally posted by Ryne08 View PostWhen a developer refuse to buy your timeshare back something is wrong in my opinion. When the developer sold you the timeshare it was the greatest vacation investment for your family. Now when you are to old to use it, or you cannot travel long distances or your spouse has passed away this same developer's who sold you this great timeshare does not want to buy it back at the fraction of the cost that they sold it to you. WHY ?
sent from the bathroom using Tapatalk 2
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Wow!
I have not even posted in this thread, encouraged the OP, or know them in any way!!!
As I've posted before, and it's very ironic, the resort where we bought two weeks from the association through a quiet title action and another week as a foreclosure, and where the HOA has never got "stuck with a week" and has serious delinquencies, and has an in-house rental program with a daily check-in front desk operation, will not take weeks back.
Not only that, and I know the following because I have had a long-standing close, friendly dialogue with the IOA president, not only do they submit delinquencies to extensive collections, not only do they foreclose, but they also get a judgement which they nail they owner with through the normal legal channels of collecting judgements . . . on stuff other than the timeshare in question. Attachment, garnishment, liens.Last edited by JLB; 07-23-2012, 03:02 PM.RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
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Originally posted by Ryne08 View PostWhen a developer refuse to buy your timeshare back something is wrong in my opinion. When the developer sold you the timeshare it was the greatest vacation investment for your family. Now when you are to old to use it, or you cannot travel long distances or your spouse has passed away this same developer's who sold you this great timeshare does not want to buy it back at the fraction of the cost that they sold it to you. WHY ?
Did I not just say exactly that to a longtime TS developer yesterday, right to the front of his face?
& did he not say that he is not allowed to help any owners get rid of their weeks until his develolment is 100% sold out?
no
yes
yes
RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
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Another thing that's been said before, and that I said to the salesman yesterday . . . who coulda seen 25 years ago that the best way to go woulda been RTU, so that even after someone was done with it, they might keep paying knowing it would be over with at a firm date?
Since ours all started in the 80's, they woulda been over with long ago.
But, no, that would take away the investment-angle scam in the presentation . . . "It's willable and billable. Use it, rent it, bank it, pass it on, or sell it."
When I said that to the salesman, he said, "Well, in Mexico . . ." Yeah, like I'm too dumb to see that coming.RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
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Your builder may not buy your home back, but you can sell your home on the open market if you have properly care for your home; like adding a new bathroom or updateing your kitchen. And I do not believe you will lose 90 % of it value after all these updates.
Residence Homes are sold every day after a person has owned that property for some period of time.
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Originally posted by Ryne08 View PostYour builder may not buy your home back, but you can sell your home on the open market if you have properly care for your home; like adding a new bathroom or updateing your kitchen. And I do not believe you will lose 90 % of it value after all these updates.
Residence Homes are sold every day after a person has owned that property for some period of time.
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Originally posted by Ryne08 View PostYour builder may not buy your home back, but you can sell your home on the open market if you have properly care for your home; like adding a new bathroom or updateing your kitchen. And I do not believe you will lose 90 % of it value after all these updates.
Residence Homes are sold every day after a person has owned that property for some period of time.RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
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Originally posted by Ryne08 View PostYour builder may not buy your home back, but you can sell your home on the open market if you have properly care for your home; like adding a new bathroom or updateing your kitchen. And I do not believe you will lose 90 % of it value after all these updates.
Residence Homes are sold every day after a person has owned that property for some period of time.
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Originally posted by JLB View Post
Not only that, and I know the following because I have had a long-standing close, friendly dialogue with the IOA president, not only do they submit delinquencies to extensive collections, not only do they foreclose, but they also get a judgement which they nail they owner with through the normal legal channels of collecting judgements . . . on stuff other than the timeshare in question. Attachment, garnishment, liens.
I think there's some that are willing to take a credit hit, if that's as far as it goes.
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Originally posted by ace2000 View PostSo, that's the million dollar question right there. Pursue a judgement for just maintenance fees or the original note? I still don't know the answer to this and on a personal basis don't want to find out.
I think there's some that are willing to take a credit hit, if that's as far as it goes.
Like you suggest, it's one thing to walk away from a timeshare, but another to know that the resort is pursuing you through your other assets, ones where they can collect.
But, it just adds to the distaste and distrust of an already distasetful untrustworthy industry.RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick
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Originally posted by I-DE-HO View PostHas anyone tried to deed back a S.A. unit?"You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity." Adrian Rogers
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