Fairfield/Wyndham resorts denial of usage

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

Instead of points, why don't the developers just deal with cash? They could give you a credit in your account with them. This will deal with inflation for everyone the same and you can spend it any way you want. That would be so much simpler.

They (not FF) already try this. You still see those vacation clubs. The problem is, if someone claims he can take your money today and guarantee the payment tomorrow, he must be god. Even US governmenent (which nobody believe they will default) will have problem to keep that promise (just look at the social security). And they can raise tax as they want, so which club can make it work? It guarantees is a scam operation.

Jya-Ning

[taffy19 Gold Contributor Find all posts View Profile Close taffy19]

Yes, it should tell you what resort and what the annual fees are. What extra fees? You get an annual bill that covers the resort fees and taxes and a fee based on the number of points you own for the club operation. There are no other extras unless you mean closing costs that would apply to any resort.

Closing costs and fees for taking over someone else's resort?

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

Closing costs and fees for taking over someone else's resort?

Absolutely. There are closing costs, often outrageous amounts and sometimes transfer fees. The two can easily reach $500 or more on a sale.

[Carol C Senior Member Find all posts View Profile Close Carol C]

Closing costs and fees for taking over someone else's resort?

Emmy, since Fairfield points are based on a deed at a particular resort, you have to pay closing costs just like any other timeshare you buy. I just paid closing costs to purchase a 105K package based on home resort Fairfield Alexandria (metro DC). The average closing fees for Fairfield pts resorts seems to be $400 to $500 total including Fairfield's resort transfer fee. I think that's how the reseller makes her or his money for the most part, charging the pricey closing fees. Mike S turned me onto a Fairfield reseller who has decent prices and closing costs on the lower end, and he's very knowledgeable about the system. You can PM Mike for his name and contact info.

Emmy, if you're seriously considering Fairfield pts, I can give you the link to the Fairfield Yahoo group which I have found so helpful. You don't have to already be in Fairfield to join that one. PM me for the link if you're interested. It would be cool if you buy a starter package of FSP points so we can be newbies together and share some pointers and excitement too!

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

PlusPartners

Thom,

Did you get PlusPartners as part of your purchase? Your paperwork should say so if you did. If you did, your 154K would get you any available prime season 2BR (except Fairfield) in the RCI points system for the price of an exchange fee (less than the RCI weeks exchange fee), and you would not be limited to weekend checkin-checkout dates. You CANNOT make such an exchange online; you have to call Fairfield and tell them you want to use PlusPartners to make an RCI Nightly Stay reservation. We once reserved two consecutive 2BR Tues-Tues weeks on Kauai for 154K each this way.

The downside is that you would not be able to make use of the FF internal trade preference and exchange 28K or 42K FSP points for a 1 or 2BR FF via the RCI Weeks system.

The best strategy to use (staying w/i Fairfield, exchanging via RCI weeks, exchanging via RCI Nightly Stay) often depends on where and when you want to travel and how far in advance you are making your travel plans.

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

In severalty

the "in severality" in the deed @ RSC , i believe , refers to a person who owns points towards time instead of a fixed week at a specific resort ...kinda like a " owner-at-large" and probably since each "owner " has to be assigned a "home "resort ...RSC was mine .

The term is "in severalty" and I believe it means that you don't share possession of the land with another person. Perhaps one of the attorneys on the board can give a more precise meaning.

[taffy19 Gold Contributor Find all posts View Profile Close taffy19]

Emmy, if you're seriously considering Fairfield pts, I can give you the link to the Fairfield Yahoo group which I have found so helpful. You don't have to already be in Fairfield to join that one. PM me for the link if you're interested. It would be cool if you buy a starter package of FSP points so we can be newbies together and share some pointers and excitement too!

Carol, I signed up for the Fairfield Timeshare group Mike had mentioned in this forum and I assume that is the one you are referring to. It took a few tries to become a member but I am activated now. Thanks anyway. I have been reading the files and the newest posts and found yours too.

We cannot buy any more timeshare weeks or points unless we sell some of the weeks we have. We have an old cat and don't want to leave him alone more than we do already. He is keeping me company right now on my desk.

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

.response to all ...update info

Hi again ..thanks for all the input so far ......it,s been a bit difficult trying to keep up with all the replies and read them ......to answer a couple of Q's thrown my way ..yes I have joined the yahoo FF group but haven't had time to browse that site at length. the curse of 12 hr shifts!
also i belong to the (old ? ) FairsharePlus program ...not sure if the name has been changed yet for that and what , if anything, it's called now. Can anyone update me on that?, since i haven't been getting anything from FF for a while now,'cept due bills.
I recently resumed my monthly pay'ts to Wyndham resorts on advice from legal counsel....i quit paying a few months ago in a effort to get them to contact me and give some sort of explanation for their constant refusal of usage...to this date 3/17/07 ..they still have made no effort to contact me and talk things over. their lack of concern for a owner troubles me and I think other owners should take note of this.
Update on the " in severalty" phrase ..Ownership of property by one person or one legal entity (corporate ownership).
severalty:2 a : a sole, separate, and exclusive possession, dominion, or ownership : one's own right without a joint interest in any other person <tenants in severalty> b : the quality or state of being individual or particular
Apparently, because I am single , this phrase applies to me as the sole owner of the points package?

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

I am certainly glad for you that you resumed your payments. I think you will get use from your points, especially with all the great advice here. Nothing is worth destroying your credit over!

I am a Realtor/broker and have been amazed at the number of clients who have contacted me to buy a house that could not qualify because they have poor credit scores, so they are stuck in expensive apartments that they hate and do not suit their family needs. One guy stopped paying his car payment to Chrysler because his engine needed replaced, which was his own fault because he rarely changed his oil. The Chrysler warranty would not cover, so he thought he would punish Chrysler for refusing to replace his engine. They took his car and have a judgment against him for the amount owed.

Wyndham will never contact you to see what they can do to help. They will send their collectors after you, solely to get the money you owe. The company does not care if you are happy with your purchase. They care about the money.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

also i belong to the (old ? ) FairsharePlus program ...not sure if the name has been changed yet for that and what , if anything, it's called now. Can anyone update me on that?,

The program still call FairsharePlus. As EAM said, you should also has plus partnership attached to that program, so you can use the point for RCI point resort.

Cendant is the company that owns Fairfield and several other companies when you bought your contract. Since it has some image issue, its stock never get better. So it split itself into 3 parts last year because it believe its underline value is much better than the stock reflected. FF now blong to Wyndham. Cedant purchase the name right and give it to the splited company that owns FF, Trendwest (another TS company which sell through Worldmark). RCI, some vacation rental entities, hotel chain (Super 8, Days Inn ...) you can look at it through stock symbol WYN.

There is all kinds of rumors what the new company will do to existing TS program. So far, the company only try aggressively to build new hotels under Wyndham's name, but keeps the TS status quote except purchased a lot of development opportunities. So very likely the program will be there for a while.

The company seldomly talk to owners. But on May, the trust will have its annual meeting. This year it will be in Orlando. That is the few times you will hear them talk.

As shopgirl say, if you stop payment, they will only send collector to destroy your credit, unless you are preparing for that, it does not worth that.

Just post when and where you want go next.

Jya-Ning

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Cindy,

One thing that Fairfield/Wyn will do is allow you to use non-Fairfield/Wyn weeks to put into it's PIC (Personal Interval Choice) program to get points. You have to buy at least a small retail point package from FF/Wyn. You keep your weeks but if you want points, you can deposit them with FF/Wyn to get points. You have one year from the deposit date to use them.

I think that FF/Wyn is now limiting the number of weeks you can PIC to two.? (Other FF owners please correct me) Normally, the best week to PIC is a red 3 or 4 BR week. It is a way to get to the upper VIP levels without having to buy all of the points directly from FF/Wyn.

How would you find out how many FSP points your PIC week would get?
And can those points be used for II deposits or just to reserve directly with FF/Wyn (I am only interested in FF/Wyn that trades thru II)


And how small IS small - cost wise - to buy a small contract from FF/Wyn?

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

How would you find out how many FSP points your PIC week would get?
And can those points be used for II deposits or just to reserve directly with FF/Wyn (I am only interested in FF/Wyn that trades thru II)


And how small IS small - cost wise - to buy a small contract from FF/Wyn?

PIC week only works for RCI account, sorry.

The last I saw from their directory is like 77k for 1st week and 49k for 2nd week. But that was 3 years ago. With all changes, there is no say what is it now. It is for sale's purpose.

Jya-Ning

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

PIC week only works for RCI account, sorry.

The last I saw from their directory is like 77k for 1st week and 49k for 2nd week. But that was 3 years ago. With all changes, there is no say what is it now. It is for sale's purpose.

Jya-Ning

Thanks - then that wouldn't work for me....