Do "II" or RCI memberships transfer with a resale

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

Hi,

I'm am new to the world of timeshare, and wanted to get my feet wet with a low price TS re-sale here in Florida.

Did some searching around for this info on the forum, but have not had any luck.

I'm buying a re-sale timeshare Deed online from Holiday Group Timeshare Resales that is at a resort that has Interval II (Mystic Dunes in Orlando, Fl area).

Does the Interval II membership of the previous owner transfer with the resale of the timeshare's deed, or must I apply at Interval as a new member once the deed is in my name after the sale from Holiday?

Do people who lose or sell their deeds try to keep their Interval or RCI memberships? If so, does that ever create a problem for new owners who try to sign up, or use the Interval or RCI service?

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

Welcome to TS4Ms!!!

If it were a private sale you could negotiate anything, but HG because of the way they get their timeshares would not offer it.

The membership is loosely tied to whatever the first deposit was but that's not a problem for you, it doesn't matter.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

If it were a private sale you could negotiate anything, but HG because of the way they get their timeshares would not offer it.

Be aware that if you include the exchange membership transfer demand as a term of your purchase agreement with the seller- you may find that many closing agents will decline to handle the ownership transfer.

Since the exchange membership enrollment can't be completed until after the resort confirms you as the new owner, in some cases the deed will have been recorded months prior to the enrollment. Because of this delay, the clause would be basically unenforceable by the closing agent (if the membership transfer was not completed as intended- the deed is already in public records)..

Most of the larger brokerages and closing agencies therefore have policies that do not allow this clause. The only major exception of note would be with RCI point transfers, but again- many of the closing agents will require a release of liability form if the exchange membership isn't transferred.

Unless it's a rci pt account- I traditionally recommend you simply adjust your purchase offer downward to allow for your own direct enrollment after closing. A good rule of thumb is the less strings you attach to your sale- the fewer things that can go wrong during the process..

In this specific instance, Holiday Group acquires many ownerships in equity trade agreements with resellers and developers- so the individual seller may have already been removed from the equation.

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

With RCI, since there no longer is an initiation fee, other than saving Transfer Fees on Spacebank deposits, it doesn't matter.

But, since RCI allows former owner/subscribers to continue their privileges when they no longer own anything, it would be logical that they prefer a new owner to have a new membership and a former owner to retain theirs.

Our former neighbor, the one I helped dispose of their Mexican timeshare ownership, still has an RCI membership, and she calls every now and then to get my opinion on Last Call resorts.

The question could be presented to Feedback . . . and I am way over my quota for doing that!

Hello Mr. (Me),

I am reading your email for the first time, but I can see a trail of
over 56 emails from the past. Therefore, I gather there have been many
issues?

But if someone does, that would be nice information to share.

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

Thanks for the answers. Looks like I'm not going to be able to be a member of Interval in time due to all the re-sale and deed transfer paperwork. Therefore, I'll not be able to deposit my week (#15) this year for a later trade for 2010 or 2011. Kind of sucks, but I understand that these things take time. I'm still glad I got a good deal for a 2br / 2 bath on a great spring week in Disney World area. My main reason for buying this timeshare is for trade power on Interval, as I only live a little over an hour from Disney anyway.

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

Are you saying the previous owner was not an II member?

And, I am assuming that if you cannot use the 2009 week, you are not paying 2009 fees, so that the contract calls for the first use date to be 2010.

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

Are you saying the previous owner was not an II member?

And, I am assuming that if you cannot use the 2009 week, you are not paying 2009 fees, so that the contract calls for the first use date to be 2010.

Thanks for your reply.

I can use the week myself this year (2009), but it will be too late for me to deposit it into trade this year with interval. The re-sale people just need to contact the Resort (after my payment clears and the title is placed in my name), and then they give me my membership number to pass on to Interval. I have a card to fill out if I wanted to use my week this year at the resort. I was planing on going to stay at this resort at least one time, just to see how it is anyway. So, looks like it will be this Easter.