I need some advice and some info regarding UDI points and deeded sales.
A few years ago we converted our fixed week time share to points.
We were talked into buying more points so that we could have more "trading power" as they say. We also had to pay to join the "vacation club".
We have two deeds, one for the fixed week and one for the points.
I attempted to sell these deeds and was then informed that the points would not convey to the new owner. The converted fixed week would convert back to a week and the points could not be transferred at all unless to a family member or someone else who is named on the deed.
After calling a whole lot of people at the resort, one person told me that in fact the deeded week would convert back to a week and the points deed would just "go away" since I would no longer be a member of "vacation club" after the fixed property was sold.
The deeded points are not enough to stand alone for anything, but were bought to supplement the first timeshare purchase. We do pay a yearly maintenance fee for these points which are UDI and attached to another resort.
Does anyone have any experience with this? Will the deeded points just "go away" and leave us no longer responsible for the deed, or will we be stuck with points and a silly maint. fee forever?
Any help provided is greatly appreciated and I do thank you in advance for taking the time to read this and answer my questions.
A few years ago we converted our fixed week time share to points.
We were talked into buying more points so that we could have more "trading power" as they say. We also had to pay to join the "vacation club".
We have two deeds, one for the fixed week and one for the points.
I attempted to sell these deeds and was then informed that the points would not convey to the new owner. The converted fixed week would convert back to a week and the points could not be transferred at all unless to a family member or someone else who is named on the deed.
After calling a whole lot of people at the resort, one person told me that in fact the deeded week would convert back to a week and the points deed would just "go away" since I would no longer be a member of "vacation club" after the fixed property was sold.
The deeded points are not enough to stand alone for anything, but were bought to supplement the first timeshare purchase. We do pay a yearly maintenance fee for these points which are UDI and attached to another resort.
Does anyone have any experience with this? Will the deeded points just "go away" and leave us no longer responsible for the deed, or will we be stuck with points and a silly maint. fee forever?
Any help provided is greatly appreciated and I do thank you in advance for taking the time to read this and answer my questions.