ceassoci8
TUG Member
We have 511,000 Wyndham points with 4 deeds. We are considering transferring ownership to friends. What is the process to do this?
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We have 511,000 Wyndham points with 4 deed. We are considering transferring ownership to friends. What is the process to do this?
I have 2 separate deeds but same resort- so would that be double transfer and recording fee too?it is for each deed.
Wyndham will also charge a $299 transfer fee for each deed.
They are all separate pieces of property, so they all have to go through the processes individually. They are aggregated into one account right now, but that does not make them one item, they are still separate and distinct pieces of property.
I have 2 separate deeds but same resort- so would that be double transfer and recording fee too?
Thank you.
sorry I wasn't clear - actually 77k and 126k pts deeded at same resort.Recent change: If this is a week in Wyndham Points, the fee is $299 per deed. If there are no points, there is no fee. (A title company told me this today.)
sorry I wasn't clear - actually 77k and 126k pts deeded at same resort.
And additional question- what will happen to my 2016 reserved week and the points I have deposited at RCI if I transfer ownership?
Thanks again.
They will stay in your RCI Acct.
If it's his only two Wyndham contracts (and therefore a Wyndham-provided RCI account) I'm pretty sure they close that RCI account when ownership transfers.
Oops didn't see this before I posted again. Ok so thanks. I guess the RCI points will transfer with the entire account?
I'm not sure if banked RCI points transfer. I believe the 2016 reservation would remain.
I just went back and looked at a couple of previous threads, and it seems as if it's hit or miss. Sometimes they transfer, sometimes they don't, and sometimes they end up lost in nothingness....
I just talked to Wyndham RCI title transfer dept. Can add a name to the title for $299 fee after deed recorded in the county and a quit claim deed will do if exact description as the original deed. In case of ownership transfer, the points banked with RCI can be kept or transferred but she deferred that to the main RCI dept. have to call them next. As far as the reserved week with Wyndham, she deferred that to the Reservations dept although she thinks the reservation will auto cancel.The bet thing to do is call RCI's Wyndham desk, tell them what you are doing, and ask them what happens to the points.
Recent change: If this is a week in Wyndham Points, the fee is $299 per deed. If there are no points, there is no fee. (A title company told me this today.)
If you are transferring all 4 deeds to 1 new owner, I believe you will only have to pay 1 $299. transfer fee as long as all 4 deeds are submitted at the same time on one transfer form.