Has anyone dealt with Vacation Ownership CC

Has anyone dealt with Vacation Ownership Closing Company?

kev5982 said:

Has anyone dealt with Vacation Ownership Closing Company?

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Never even heard the name before. Where / how / why did you come to learn of their existence? Where are they located? Maybe a PCC sub-entity? I dunno...

I m watching an Ebay auction with a new seller with no history.

I asked for their closing company and that,s what they gave me.

They sent me a screen shot of the points status page, so the points seem legit.

kev5982 said:

I m watching an Ebay auction with a new seller with no history.

I asked for their closing company and that,s what they gave me.

They sent me a screen shot of the points status page, so the points seem legit.

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Based on this additional info, I can only speculate that one of my previous theories (PCC sub-entity) may be correct.
They may or may not actually be competent. New seller and unknown closing entity is a bit of a roll of the dice.

The potential downside to any PCC sub-entity is, of course, that if there are significant funds involved, "escrow" is something of a joke since it's either the very same or some very closely associated people acting as both seller and as closing entity. Not exactly an "arms' length" relationship and maybe more of a potential "fox helping out in handling some henhouse matters" situation.

Then again, if the offering at issue is something you really want and the purchase price and closing costs are both low, it may be worth the risk. That's ultimately your own personal judgement call and decision to make.

P.S. You could always ask if you would have the option to select and pay a closing entity of your own choice, but that's only rarely an available option on eBay PCC listings, since the PCC is making some (maybe even all) transaction money on the closing costs as well as the sale figure itself. IMnsHO, independent escrow is always beneficial, but really only a matter of potential concern if / when there is some real money involved.

They are also paying the closing and deed transfer costs.

So the only cost is the winning bid

kev5982 said:

They are also paying the closing and deed transfer costs.

So the only cost is the winning bid

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This might even be a private seller and not a new PCC at all; someone planning to do his / her own deed work (which is certainly easy enough to do --- and at a minimal cost of just paying a County recording fee). Maybe it's an individual giving their "self-closing" effort an official sounding company name to enhance image / credibility.
No telling what the resort "transfer fee" might be --- it could be anywhere from zero to $2k, depending on the particular resort and / or its' management company.

In any event, if it's something in which you're genuinely interested, I wish you good luck in your pursuit.

They are located in Branson, Missouri according to the seller.

Since you are not putting up any significant money not much to lose.

Aggravation is unknown.

Presumably 2014 MF have been paid, but does not hurt to ask for estoppal.

Also, 2014 use needs to be defined.

Assuming 3 months to close not much desirable to book.

Usage starts in 2015.

I received a screen shot of the points, so good there.

The name of company is Vacation Closing in Branson Missouri.

I looked it up and they specialize in getting rid of timeshares.

kev5982 said:

Usage starts in 2015.

I received a screen shot of the points, so good there.

The name of company is Vacation Closing in Branson Missouri.

I looked it up and they specialize in getting rid of timeshares.

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Either an old PCC with a new name, or a new "spin off" from one of several "timeshare disposal" outfits already operating out in that area.

You might be lined up for a good deal if it's something you really want, but I'd recommend getting some form of proof of the accuracy of the eBay listing. If they are a PCC and just have "Power of Attorney" for the underlying actual owner, it might prove to be difficult for you to get an estoppel out of them, since they might have difficulty getting one from the resort themselves as a non-owner (...if that's the actual situation).

I must have asked too many questions because they ended the auction on two they had listed.

Below is what they responded with,

"Yes that is correct. We normally hold funds but it is up to the buyer on what they want to do. This just sold to the Timeshare Group in Florida so I ended the auctions on both that were listed. He gave an offer we could not refuse. If you are looking for certain inventory, let me know and I will see what else we have coming down the pipe line"

Don't feel bad or intimated. New inventory pops up on e-bay daily.

The mantra here is haste makes for expensive waste.

Have you checked for sale ads here or posted a "looking for" ?????

Yes I check every day.

I liked the one on Ebay because it was for Wyndham Panama City. Very low MF and no extra costs.

The seller told me if there is anything I was interested in they would check there inventory.

It seems odd for a company with no history.

Yea, those low MFs generally get bid up to a thousand or two in a hurray.

As Theo pointed out, probably a reincarnation of olde PCC that wanted to shed a bad reputation.

As posts here indicate, lots of incestuous relationships and many names out there in resale world.

Never has buyer beware been more appropriate!

Maybe not...

kev5982 said:

It seems odd for a company with no history.

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It may very well be incorrect to assume that this company has "no history". If this is really just a spin off from some other existing MO PCC entity, created just to have a brand new name, there may very well be plenty of history --- but not a whole lot of easily retrievable track record of performance.

In any event, any and all such eBay "deals" will surely pop up again, so just let it go, bid it "adieu" and keep on looking. Best of luck.

Your probably right to let it go.

Thanks for all the advice