John
the op has told us that paying off the loan is not a problem. They are looking for a way to pay off the loan and get rid of the ownership. There is no need for an attorney to negotiate a deedback or deed in lieu or reduced payoff etc etc.
Its just a matter of paying off the debt and selling (or giving away) the ownership. and now that wyndham points are actually selling for something on ebay..that should be easy
Pathways program is "explained" on Wyndham members site. You just have to buy 105,000 and not finance thru Wyndham to get into Pathways at resort that offers it. You always have to buy more points to get into any new program with Wyndham..If in the past you have purchased large amount of points or hold several contracts for small amounts that total Gold, Platinum and want to get back some of your investment w/o giving/selling to another TS owner (as resale) then this program might benifit you. It states at least 20% of purchased price on any contract that is paid in full. You can turn in one contract, two or all you own at once if you want. Wyndham can drop program whenever they want. All Fair Share Plus points & even fixed week conversions qualify if they are paid off with Wyndham.. You have to have points available for contract you turn in & forfeit any vacation already booked if you don't have avail.. They figure amount over the phone, send you the paperwork & upon receipt mail you a check. Just don't turn in contract you bought to get into program until you get rid of all others..For those owning a few points finding someone to give them to is best option.. And NO, I repeat NO resales are even considered for Pathway program.. I can invest less than $20,000 to get in..turn in all contracts & get 20% which is more than $20,000 I spent .. so I break even & am out of TS ownership...Shows you, they don't have any more idea of what Pathway is then we do. This makes even more sense, that it will only apply to the new purchase. It will be interesting to to see what the truth is. We will eventually find out the truth. The OP shouldn't believe ANYTHING said by sales. ONLY what is in writing is valid. RESCIND now. Before it is too
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Pathways program is "explained" on Wyndham members site. ..
Pathways program is "explained" on Wyndham members site. You just have to buy 105,000 and not finance thru Wyndham to get into Pathways at resort that offers it. You always have to buy more points to get into any new program with Wyndham..If in the past you have purchased large amount of points or hold several contracts for small amounts that total Gold, Platinum and want to get back some of your investment w/o giving/selling to another TS owner (as resale) then this program might benifit you. It states at least 20% of purchased price on any contract that is paid in full. You can turn in one contract, two or all you own at once if you want. Wyndham can drop program whenever they want. All Fair Share Plus points & even fixed week conversions qualify if they are paid off with Wyndham.. You have to have points available for contract you turn in & forfeit any vacation already booked if you don't have avail.. They figure amount over the phone, send you the paperwork & upon receipt mail you a check. Just don't turn in contract you bought to get into program until you get rid of all others..For those owning a few points finding someone to give them to is best option.. And NO, I repeat NO resales are even considered for Pathway program.. I can invest less than $20,000 to get in..turn in all contracts & get 20% which is more than $20,000 I spent .. so I break even & am out of TS ownership...
I can invest less than $20,000 to get in..turn in all contracts & get 20% which is more than $20,000 I spent .. so I break even & am out of TS ownership...
Second Ron and Linda!
Does anyone know if the wyndham pathways program is legit? We signed in and bought more points today just so we can buy our way out of the system. I am finding that a lot of what I was told was wrong information. I am ready to recind today's decision. I am stuck in a timeshare nightmare.
This is very much a real program offered by Wyndham. There are 3 major factors that have to be met to get your money. 1) your maintenance has to be current. 2) your property has to be paid off from Wyndham. If you put this on a credit card or bill me later from Paypal it is paid in full to Wyndham. 3) you have to buy a minimum of 105,000 pts after June 27th, 2013 to be eligible. Once your acct is enrolled in pathways, you and/or your heirs have the right to exercise that right at any time as long as you meet the 3 requirements above.
I have helped several owners with this. All of which have got there checks. So, before everyone on here who has no experience with this detours you from doing this they should have all the facts. THIS IS A WAY OUT OF MAINTENANCE FEES FOREVER.. And it works!!
This is very much a real program offered by Wyndham. There are 3 major factors that have to be met to get your money. 1) your maintenance has to be current. 2) your property has to be paid off from Wyndham. If you put this on a credit card or bill me later from Paypal it is paid in full to Wyndham. 3) you have to buy a minimum of 105,000 pts after June 27th, 2013 to be eligible. Once your acct is enrolled in pathways, you and/or your heirs have the right to exercise that right at any time as long as you meet the 3 requirements above.
I have helped several owners with this. All of which have got there checks. So, before everyone on here who has no experience with this detours you from doing this they should have all the facts. THIS IS A WAY OUT OF MAINTENANCE FEES FOREVER.. And it works!!
Are you for real? Did you read this thread starting with #1?
Check here for the real scoop.
http://tugbbs.com/forums/showthread.php?t=196161&highlight=pathways
What? You do not believe that Ron got his E-Mail and contract with the buy back system in writing as indicated above? I guess I not the only one that is not a true believer.
That's pretty disturbing to hear. I am sorry to hear that you took such a hit. The way DW and I reebook etc with unlimited transactions without the fee's makes Wyndham work for us. Unless you book 5 or less transactions per year I would really be pressed to fight to undo the deal completely and get the Gold reinstated. Again I'm sorry to hear you took such a hit on this twisted deal. And thanks for the warning in case I ever were to consider doing something similar in the future.Hi,
We bought additional points in August, 2013 and became eligible to use Pathways once we paid off the contract. We refinanced the contract to become eligible and sold a previously owned fixed week back to Wyndham. We had bought the fixed week through Wyndham for around $2500 and sold it back for $2300 as they had it listed in the computer for $12,000 (numbers not exact - sorry). I neglected to notify them of discrepency.
However, we had been grandfathered into VIP Gold (when you needed 500k points) and they kicked us out of VIP Gold even though we still had 500k points as the new contract didn't count towards the grandfathered VIP Gold membership.
Since we're no longer VIP Gold I am pursuing canceling the points we purchased in 8/2013 as they were sold under false pretenses (we specifically purchased with the understanding of selling fixed week and retaining VIP Gold membership). Wyndham has tentatively agreed to this -- we'll see how it goes. That will leave us with 392k points and grandfathered VIP Silver status. If we decide to get more points we'll go on E-bay since we do not plan on spending enough to ever get VIP Gold again.