Is It All Lies?--Own Resale Points...

[rrlongwell]

... It *is* possible to remove a resort from the points program---at least, my converted-week contract includes such a provision---but that mechanism operates at the resort level, not at the level of individual intervals, so it could not be used to distinguish resale from developer.

Not sure the above is entirely accurate. However, if anyone is interested, they can read the relevant provisions of the trust agreement and other controlling documents for themselves. If the sky is falling, the sky is falling, folks predictions come true, and some or all of the converted weeks/UDI contracts resorts leave the Wynhdam Family of resorts, all I can say is I am glad that my underlying deeds are beach front resorts in Myrtle Beach/North Myrtle Beach and Governor's Crossing in Tennesse (I was always partial to Country Music anyway). I do think it is wise to buy an underlying deeded property where you would not mind vacationing just in case the sky falls. Who knows, Chicken Little may be right (Sorry about that Chicken Little).

P.S. By the way, if your converted week contract reads like mine, you may want to check out what happens to your rights to Wynhdam points (at their option) if you do not pay the fees and assessments.

 

[timeos2]

Not sure the above is entirely accurate. However, if anyone is interested, they can read the relevant provisions of the trust agreement and other controlling documents for themselves. If the sky is falling, the sky is falling, folks predictions come true, and some or all of the converted weeks/UDI contracts resorts leave the Wynhdam Family of resorts, all I can say is I am glad that my underlying deeds are beach front resorts in Myrtle Beach/North Myrtle Beach and Governor's Crossing in Tennesse (I was always partial to Country Music anyway). I do think it is wise to buy an underlying deeded property where you would not mind vacationing just in case the sky falls. Who knows, Chicken Little may be right (Sorry about that Chicken Little).

P.S. By the way, if your converted week contract reads like mine, you may want to check out what happens to your rights to Wynhdam points (at their option) if you do not pay the fees and assessments.

Any potential changes would be different for CONVERTED WEEKS you refer to and UDI deeded ownerships. They are different in many ways - one of them is that the converted weeks were sold as one resort only ownerships then voluntarily converted to Wyndham Points. While extremely unlikely Wyndham could I suppose try to undo that conversion although I'll bet it's next to impossible to do.

UDI on the other hand use the home resort only as a basis for how many points you own and what your resort fees are. There are NO provisions to ever "undo" the points as there is no underlying option to fall back on.

Trying to say it could ever be done is completely false and should not be taken seriously by anyone reading this thread or listening to the misinformation of Wyndham sales weasels or their apologists. There are simply no facts behind such a statement. None. It is as simple as that.

 

[rrlongwell]

... Trying to say it could ever be done is completely false and should not be taken seriously by anyone reading this thread or listening to the misinformation of Wyndham sales weasels or their apologists. There are simply no facts behind such a statement. None. It is as simple as that.

According to my converted week contract at Westwinds, they have the option of taking them away if the various fees are not paid and the ownership reverts to fixed week for use.

My Towers on the Grove Contract would convert back to the reservations system for the Towers on the Grove resort. Wyndham currently is under a contract with the group that is responsable for the Resort Reservation System to manage it for them.

I did not check my other timeshares.

I am also aware of one resort in Mexico that had spun off from the Wynhdam system. When I looked into using it, Wynhdam advised that even though it was in the Wyndham system once, reservations at that location had to be made through the resort itself. I passed on picking that one up and the Estate I was working with dumped it.

As for the name calling of people not carring the Tugs line, Review all my posts on this forum or just asked Wynhdam, I am far from being a Wynhdam
apologists. I do absolutly suggest, any potiential buyer needs to check out the actual documents before purchase and not pay anyone anything up front until this has been done.

 

[bnoble]

Not sure the above is entirely accurate.

It is. See paragraph 9c of the conversion contract. It refers to "the Property", which is technically defined as the use week. But, the paragraph says: "Termination by the Trustee after Trustee has determined that the Property has been rendered unsuitable for continued use in the Plan." It would be difficult to construe just a single week as "unsuitable" for continued use in the Plan if the other weeks in that same unit/resort remain "suitable". I suppose you could propose a construction that would work to disqualify only resale weeks, but it would be tortured at best, and you'd have a hard time getting it through any reasonable court. The "unsuitable" clause is meant to deal with things like the building was destroyed by fire, etc.

However, if anyone is interested, they can read the relevant provisions of the trust agreement and other controlling documents for themselves.

If you have, you appear not to understand them. Either that, or you are not able to express your understanding appropriately.

you may want to check out what happens to your rights to Wynhdam points (at their option) if you do not pay the fees and assessments.

Of course. This is Paragraph 11. But that has what, exactly, to do with resale vs. developer purchases? If you are current, it's not revoked. If you are not current it can be---no matter how you came to own it. Could they revoke resales faster? Sure. Pay your bills, it's not a problem.

While extremely unlikely Wyndham could I suppose try to undo that conversion although I'll bet it's next to impossible to do.

There are three conditions that terminate the agreement. This is Paragraph 9. One is termination of the Plan (i.e. the entire Wyndham system dissolves.) Another is termination of the timeshare property---if, for example, one of the resorts discontinues operation as a timeshare, it is removed from the Points system entirely. The third is the "unsuitable" clause that I mentioned above. There is also Paragraph 11, which I also addressed above. That's it.

According to my converted week contract at Westwinds, they have the option of taking them away if the various fees are not paid and the ownership reverts to fixed week for use.

And, again, that has NOTHING to do with resale vs. a developer purchase. It's only a matter of whether or not you are current.

I am also aware of one resort in Mexico that had spun off from the Wynhdam system. When I looked into using it, Wynhdam advised that even though it was in the Wyndham system once, reservations at that location had to be made through the resort itself.

These are probably the El Cids. They are (a) right-to-use (as are all MX timeshares), and (b) they are Associate resorts, not Club resorts, and so they operate under different rules.

 

[timeos2]

According to my converted week contract at Westwinds, they have the option of taking them away if the various fees are not paid and the ownership reverts to fixed week for use.

Again - a weeks conversion, a different animal from a UDI contract. UDI is the cleanest way to own points. Conversions can/do carry some restrictions & other clauses that do not apply to UDI. You need to understand those if you decide to take ownership of a convert week vs a UDI ownership or it could bite you.

I am also aware of one resort in Mexico that had spun off from the Wynhdam system. When I looked into using it, Wynhdam advised that even though it was in the Wyndham system once, reservations at that location had to be made through the resort itself. I passed on picking that one up and the Estate I was working with dumped it.

As Brian points out you are referring to an Associate resort. There are a number of those that have come and gone in the Wyndham (Fairfield) system over the years. That is a particularly risky way to get into Wyndham Points. But it makes zero difference if you bought resale or paid through the nose for retail - if the resort drops the Association you're out! Not a way to go with Wyndham. But nothing to do with the resale/retail discussion.

As for the name calling of people not carring the Tugs line, Review all my posts on this forum or just asked Wynhdam, I am far from being a Wynhdam
apologists. I do absolutly suggest, any potiential buyer needs to check out the actual documents before purchase and not pay anyone anything up front until this has been done.

Great advice. Become familiar with the rules/documents for any timesahre you buy into - retail or resale. But suggesting that there is a grain of truth to the "resale will be one resort only" sales lies is not a proper reading or interpretation of those documents. It is giving credence to a deceptive sales tactic and that should never occur on TUG or any other consumer friendly forum.

 

[rrlongwell]

[QUOTE/QUOTE]

My, my, my, is not the place guard becoming particularly nasty.

 

[vacationhopeful]

[QUOTE/QUOTE]

My, my, my, is not the place guard becoming particularly nasty.

Excuse me!

Both Brian and John have posted information in a respectful, concise and informative manner.

 

[bnoble]

[QUOTE/QUOTE]

My, my, my, is not the place guard becoming particularly nasty.

You didn't actually quote anything, so it is hard for me to know what you think is "nasty". If you would be specific, it would help me see what you found objectionable.