Wyndham Seawatch Exit Strategies????

khamrick said:

I am a new member of this forum and a Wyndham Seawatch owner with somewhat less than Platinum level all in one contract. I would like some ideas or suggestions as to how I might terminate my timeshare in the future if I can no longer afford the maintenance fees or my children do not want to be burdened by it.

I am not looking to exit at this time, but maybe a few years down the road.

I have heard about the pathways program, but that requires an expensive investment in more points.

I do not advocate Developer purchases and know Pathways is not guaranteed but if you are almost Platinum and say 105K points for around $19K would get you there worth running numbers. Using a Platinum rental program could recovery much of this cost and you could cash out for around $35K in five years.

I know I could try to give it away, but don't know if there are people out there who would want to take on the approximately $5000/ year MF. What are my realistic changes of unloading this in the future?

Since these are Seawatch points worth several weeks of primetime reservations with a 13 month ARP (which is pretty much a requirement to get Seawatch during prime season), are there maybe mega-renters out there that would take on a large contract(and MFs) like this?

Yes!

I have heard that it may be possible to get the resort to take the deed back since they can probably make lots on money selling the points through their high pressure process.

I have also heard that there is a possibility that I could stop paying MFs and the HOA would foreclose and take it back. What are the ramifications of this in relation to my credit rating and other complications?

Bad!

Can my children refuse the inheritance and let it go back to the resort?

Absolutely! But resort does not have to accept if stupid and goes into limbo.

I realize any/all of the above to be untrue, and I am asking if anyone knows any good exit strategies. I'm not looking to do this anytime soon as we currently use all our points for vacation or rental.

Definitely a good idea to look at alternatives today and do what ifs. No one size fits all answer, but posts on this appear regularly.

Any information about this (or maybe pointers to other threads) would be greatly appreciated. I have not been able to form the correct search arguments to find this information.

Thanks,
Ken

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antjmar said:

....

If you decide to get rid of I personally would be very interested.

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