Contact Type: UDI ALTERNATE YEAR ODD

[mcdonald7705 Junior Member Find all posts View Profile Close mcdonald7705]

Does anyone know exactly what this means. We just purchased 84,000 pts. with a contract type of "UDI ALTERNATE YEAR ODD". At purchase we recieved 168,000 pts (plus some bonus), I believed then every year we would be recieving 84,000pts, alotted as 168,000 every other year. but in reading more into it my husband believes that we will only be able to use 168,000pts every odd year? his thinking 2009, 2011, 2013, not being able to vacation in '10, '12, '14... I guess really I need to call to have them explain it in more detail.
If anyone could clue this newbie timeshare in, until she can make a call (stay at home mom with a 3yr and 7month, not a lot of time to call during the day :-)
Thanks

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

It sounds like you would receive 84,000 pts every odd year. 2009, 2011 etc.

The prior owner likely pooled points which resulted in carryover points to you on the sale.

As to use of the points you need to sort out what you have. The likely case is the prior owner deposited the 2007 points and the 2009 points into the points credit pool, and from what you have described that may have happened.

In which case you would have points to use for Wyndham reservations, or RCI/II if wanted.

You probably will have more questions.

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

did you bought through Wyndham? If so, when?

Where/who did you buy from?

Did you have a deed in front of you? If so, what does it says?

Jya-Ning

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

If you bought a 168,000 UDI odd year deed, you will get an UDI deed for 84,000 points. Under the deed the points will accumulate and be equal to 168,000 points in odd years for you to use. Your MF and FSP fees will be billed annually based on your 84,000 points. Also, you will only get 1 reservation transaction each calendar year because your contract is for 84,000 points a year (you get 1 reservation transaction for every 77k points).

However, in your odd year, you will have 168,000 points and 168 HK credits.

ETA:

I have a couple of these deeds.

[mcdonald7705 Junior Member Find all posts View Profile Close mcdonald7705]

did you bought through Wyndham? If so, when?

Where/who did you buy from?

Did you have a deed in front of you? If so, what does it says?

Jya-Ning

We bought at Myrtle Beach, SC, Ocean Blvd III. We were suckers and bought directly from Wyndhm (went to the presentation to save money on attraction tickets)
We did have a deed infront of us, it says a lot of stuff. I've just got to call them and figure it all out. Hopefully they'll be helpfull.

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

Don't worry about it, the money will come and go. Each time when it gone, you will learn something. So, next time when it come you will be able to keep more. I bought my 1st time share from developer, after I back out from another developer, look at the resale market, then bought from Fairfield (now it is Wyndham).

If I don't bought from them, I will probably bought a few other high tech stock at 2000 anyway, and still end up loss them since most of the stock I owned since 1999 are all went to bankrupcy. I will just learn different stuff though.

With your contract, look at it, it probably will say how many point is assigned, and it will say stuff like it is Biennial ownership, and owership interest has been allocated to xxx points. If it says 84,000 you have 84 EOY contract. If it says 168,000 you have 168,000 EOY contract.

Since you bought from developer, I am not sure if they also throw in some extra points or not. At this moment, I will assume not since they don't do that to contract in that size. I will assume you have 168k EOY contract.

Since your home resort is OB, it is good thing you have EOY instead of EY.

You will be able to make reservations every year if you really want to. And I will guess you want to be in beach in summer seaon, so EOY will help you get longer vacation.

Jya-Ning

ps. when you call, you will need to give them either your membership number or the contract number.

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

OBIII MF is 4.21 per 1K. The membership fee will be .68 per 1K for 168k EOY or 105.5 total for 84k EOY.

So every year, if you have 168k EOY contract, you pay $410.76 per year. Or $34.23 per month. If you have 84k EOY contract, you pay $282.32 or $23.53 per month. If you have 84k Every year contract, you pay 459.14 or 38.26 per month.

Hopefully, it will help you figure out how many points you have and if it is EY or EOY.

Jya-Ning

[mcdonald7705 Junior Member Find all posts View Profile Close mcdonald7705]

OBIII MF is 4.21 per 1K. The membership fee will be .68 per 1K for 168k EOY or 105.5 total for 84k EOY.

So every year, if you have 168k EOY contract, you pay $410.76 per year. Or $34.23 per month. If you have 84k EOY contract, you pay $282.32 or $23.53 per month. If you have 84k Every year contract, you pay 459.14 or 38.26 per month.

Hopefully, it will help you figure out how many points you have and if it is EY or EOY.

Jya-Ning

Okay, our contract says total points, 168k, biennial, odd. calculations based on 84k annual points, monthly FSP assessment $34.23 monthly, 216k bonus points at signup. Sales type UDI. What does UDI stand for?
The first of every year we will have 84k points deposited. I guess I just doen't get the odd year thing, what it means exactly.
Thank you for you info, it has helped!

[mcdonald7705 Junior Member Find all posts View Profile Close mcdonald7705]

[QUOTE=Jya-Ning;223419]

Since your home resort is OB, it is good thing you have EOY instead of EY.

You will be able to make reservations every year if you really want to. And I will guess you want to be in beach in summer seaon, so EOY will help you get longer vacation.
QUOTE]
How does EOY let you have a longer vacation or make a reservation every year, compared to EY. I'm 99% sure we have a EOY contract.

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

Okay, our contract says total points, 168k, biennial, odd. calculations based on 84k annual points, monthly FSP assessment $34.23 monthly, 216k bonus points at signup. Sales type UDI. What does UDI stand for?
The first of every year we will have 84k points deposited. I guess I just doen't get the odd year thing, what it means exactly.
Thank you for you info, it has helped!

You don't get to use the 84,000 points until they accumulate with an odd year, thus the 168,000 points.

UDI = Undivided Interest, means you own a percentage of the resort calculated as 84,000/ total points of resort.

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

Okay, our contract says total points, 168k, biennial, odd. calculations based on 84k annual points, monthly FSP assessment $34.23 monthly, 216k bonus points at signup. Sales type UDI. What does UDI stand for?
The first of every year we will have 84k points deposited. I guess I just doen't get the odd year thing, what it means exactly.
Thank you for you info, it has helped!

How does EOY let you have a longer vacation or make a reservation every year, compared to EY. I'm 99% sure we have a EOY contract.

Yes, you do have every other year contract. You can only use it on odd year. You get 168k every odd year. For calculation purpose, they calculate as 84k every year. But you don't actually get any points during the even year.

Now, the 1st thing you need to know is the ARP reservation. It starts at 13 month. only owner of that resort can make reservation. In this case, you should be able to make reservation at OBIII. But look at your contract very careful to see if it also allow you to ARP on any Mytel Beach resort.

What it means is if you want to take a trip to that beach at say July 4th 2009, you should call FF reservation VC that at June 2008 (ARP has to call VC) at exact 13 month sharp. I will probably call at May 20th to ask VC when will the week open, and then call back at that day.

The 2nd thing you need to know is the points you will going to spend on that trip. To make ARP, it has to be no more than the allocate amount, in this case, you will have 168k in odd year, and 0 points in even year. If you have every year, it will be 84k in every year. That is the max points you can spent. Pull the directory, look at the point chart of all the resorts you can ARP based on this contract, see what type of unit you want, and look at the point it will charge you.

AT ARP period, you can only make 7 day, 3 day or 4 day reserevation start or end at Sat or Sunday. After you look at them, you will realize that 84k will not help you make rseervation at prime time, but 168k will. With OB purchase, you have to think go to beach most of the time, so every year contract will not help you.

The 3rd thing you need to know is that with 168k EOY or count like 84k per year, you will get 1 free transaction every year. So when you make reservation on 2008, it is free.

The other thing is, now, if you did not use all the points in that trip, you can deposit the point into RCI with like 28k. Then you can use them on even year trip. You can also rent points from other owner, and make your other trip in 2009, 2010 or whatever.

Wyndham does allow you to move points from one period to another, but it will take a while before you understand them and take advantage.

At this moment, you are a VIP for the 1st 2 year, with bonus points, you can use them, and in these 2 years, I will guess you will get another 2 or 3 free tranasction credits, so you may want to try explore the express (make reservation within 90days) reservation period, especially within 60 days and 30 days, since you can get more benefit and see if you really think VIP is impoprtant to you.

They will try to sell you more points before these bonus points gone, that is the purpose of these bonus point.

Jya-Ning

[mcdonald7705 Junior Member Find all posts View Profile Close mcdonald7705]

Found IT!

I found it in tiny print..."Points allocated to BUYERS Property interest shall be renewed only in every ODD year and that BUYER shall be entitled to use said Points in reserving use of the Property interest only in such years."..."the word ODD represents usage only during calendar years ending in an uneven digit"
So I have 168,000 pts depostited on the first of every uneven year, but fees are charged as 84,000ts annually. It does sound though that I only get to use my points every other year :-(
Thank you for all your info, it did help!

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

I found it in tiny print..."Points allocated to BUYERS Property interest shall be renewed only in every ODD year and that BUYER shall be entitled to use said Points in reserving use of the Property interest only in such years."..."the word ODD represents usage only during calendar years ending in an uneven digit"
So I have 168,000 pts depostited on the first of every uneven year, but fees are charged as 84,000ts annually. It does sound though that I only get to use my points every other year :-(
Thank you for all your info, it did help!

There are techniques to learn how to get some or all of your points in a position to use in even years too. But, grasshopper, you have much to learn!

[mcdonald7705 Junior Member Find all posts View Profile Close mcdonald7705]

I found it in tiny print..."Points allocated to BUYERS Property interest shall be renewed only in every ODD year and that BUYER shall be entitled to use said Points in reserving use of the Property interest only in such years."..."the word ODD represents usage only during calendar years ending in an uneven digit"
So I have 168,000 pts depostited on the first of every uneven year, but fees are charged as 84,000ts annually. It does sound though that I only get to use my points every other year :-(
Thank you for all your info, it did help!

Didn't see the previous post before I wrote this one :-) THANK YOU FOR ALL THAT INFO!!