More foreclosures at Starr Pass Golf Suites..

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

Dozens of Tucson timeshare owners face foreclosure

Just saw the article above.. The m. fees at Starr Pass (along with some other Shell resorts) have crossed that $1,000 mark where I'm afraid the eventual decline of the resort is impossible to avoid.

Foreclosures and abandoned ownerships have been a huge problem for Shell's HOA for years now, and it appears that the trend is continuing..

(Notice the high dollar amounts owed which means that they are not being aggressive in taking any non-paying accounts- which in turn means that there are possibly MANY other non-paying owners who are not being foreclosed.)

In the past I've seen the HOA inventory for a few resorts, and it was pretty scary stuff.. I love the quote from Chris Breed about having buyers waiting.. Wonder if they have discovered some magical elixir or if he's just suffering from sales weasel syndrome and having trouble speaking the truth?

You have to wonder if the points owners aren't the only thing keeping this resort from going belly up..

Add another resort to the growing list of properties I would not want to own in this economy!

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

Dozens of Tucson timeshare owners face foreclosure

Just saw the article above.. The m. fees at Starr Pass (along with some other Shell resorts) have crossed that $1,000 mark where I'm afraid the eventual decline of the resort is impossible to avoid.

Foreclosures and abandoned ownerships have been a huge problem for Shell's HOA for years now, and it appears that the trend is continuing..

(Notice the high dollar amounts owed which means that they are not being aggressive in taking any non-paying accounts- which in turn means that there are possibly MANY other non-paying owners who are not being foreclosed.)

In the past I've seen the HOA inventory for a few resorts, and it was pretty scary stuff.. I love the quote from Chris Breed about having buyers waiting.. Wonder if they have discovered some magical elixir or if he's just suffering from sales weasel syndrome and having trouble speaking the truth?

You have to wonder if the points owners aren't the only thing keeping this resort from going belly up..

Add another resort to the growing list of properties I would not want to own in this economy!

OUCH! $1k for a week Tucson?

Shell does rentals here: Shell Vacations Hospitality Hotel and Resort Destinations

They are also part of Traveler's Plus Select Connection at Bluegreen.

I have also been seeing there properties at Trading Places.

Didn't they just switch major exchange companies from RCI to II?

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

The prices are a falling

"not far from the JW Marriott Starr Pass Resort & Spa. The developer of that resort, which opened in 2005, has been having its own cash-flow problems...

Beach destinations, like Florida, continue to be the most popular and garner the highest prices, $742 per interval of timeshare. Prices are lower in the Mountain Region, which includes Arizona, at $664 per interval, numbers from the American Resort Development Association show. A timeshare interval is usually one week...

Timeshare occupancy, which has hovered about 80 percent, hasn't been as negatively affected as resorts and hotels though, Burney said. That's probably because timeshare owners pay for their stays in advance, so they plan on using them...."

Resort holiday rentals are trulya buyers market right now, even advance purchase for much later dates. Making lemon aid from lemons.