Wyndham eliminating mega-renters

[CO skier]

The listing was in the TUG - free timeshare sub - forum ( 2014/ 15 era)
It was for a free Wyndham Canterbury / approx - 400 K points.

Wrong, again. It involved "29 small Wyndham points contracts ranging in size from 49000 to 154000 points deeded at various resorts." 2-3 future years of points were stripped from the contracts, but the new owner would have to pay the maintenance fees on those points without receiving those points. There were a very few "good deals" salted-in.

The whole discussion is probably buried somewhere in the past TUG bargain basement forum threads.

Fortunately, no TUG member fell for any of the crappy deals before Wyndham stripped-contracts were barred from the TUG Bargain Basement forum. They were definitely not a "smoking good deal."

As I recall, the TUG Bargain Basement rules were updated in 2016 to address the problem.

"-You may not ask the new owner to pay the maintenance fee for a usage year that you are going to keep.

-If you want to "sell" your timeshare, please use the TUG Marketplace, instead."

And now, due to the changes to the Credit Pool by Wyndham about 2016, Wyndham contracts with multiple years stripped of points are no longer possible.

 

[CO skier]

I didn't see anything about all of that. What do you know that others do not know?

You must not have been following Wyndham forum TUG posts in 2016.

 

[ronparise]

The points dumped by megarenters were used in the 60-day booking window for the 50% VIP discount. The new owners will book at full points costs, leaving 50% more availability somewhere in the points system.

The new owners will book for their family vacations (happy owners). Existing owners will book the other half of the availability for their family vacations (more happy owners).

I was a happy owner

 

[CO skier]

I was a happy owner

Emphasis on the "was." And now, nevermore. Club Wyndham is, in some small way, better for it.

 

[CO skier]

As I understand the story it must have been out of an overabundance of caution, since Ron was exceedingly forthright about the lack of available points on an otherwise very low-MF contract. There was nothing shady about it.


I’m sure there are a lot of reasons, not least of which being that in using Wyndham’s system exactly as they designed it, he cost them a crapton of money. He also explained to them exactly how he did it, which was to Wyndham’s benefit in later system changes.

He screwed-over a crapton of owners who would otherwise have reserved those reservations. Megarenters did and do the same.

The changes in 2016, 2020, and 2021 make it more difficult for megarenters to screw other owners out of their vacations. That leads to more availability for owners to reserve a vacation for their family instead of non-owners vacationing in Club Wyndham.

 

[ronparise]

Wrong, again. It involved "29 small Wyndham points contracts ranging in size from 49000 to 154000 points deeded at various resorts." 2-3 future years of points were stripped from the contracts, but the new owner would have to pay the maintenance fees on those points without receiving those points. There were a very few "good deals" salted-in.

The whole discussion is probably buried somewhere in the past TUG bargain basement forum threads.

Fortunately, no TUG member fell for any of the crappy deals before Wyndham stripped-contracts were barred from the TUG Bargain Basement forum. They were definitely not a "smoking good deal."

As I recall, the TUG Bargain Basement rules were updated in 2016 to address the problem.

"-You may not ask the new owner to pay the maintenance fee for a usage year that you are going to keep.

-If you want to "sell" your timeshare, please use the TUG Marketplace, instead."

And now, due to the changes to the Credit Pool by Wyndham about 2016, Wyndham contracts with multiple years stripped of points are no longer possible.

You are also wrong...Or you are both right.

Wyndham points contracts

I have two Wyndham points contracts that i would like to give away. 1) Great Smokey Lodge 1,001,000 points, Oct use year, mf $5.01/1000 2) Canterbury 500,000 points, April use year, mf $4/1000 I will pay all costs of closing and transfer fees Because of the mf, these...

tugbbs.com

"FREE" Wyndham points contracts

I have 29 small Wyndham points contracts ranging in size from 49000 to 154000 points deeded at various resorts that I am giving away to anyone willing to pay the closing and transfer fees But there is a catch. These contracts have been stripped of points. All the 2015, 2016 and 2017 points...

tugbbs.com

The only problem was the word "Bargain" , As they say, One Man's trash is another mans treasure"
And "free" is not always a bargain..

 

[CO skier]

And "free" is not always a bargain..

Which is what TUG eventually acknowledged. A "free" timeshare where the new owner had to pay 2-3 years of maintenance fees for points they would never receive was definitely no bargain. So these con-jobs were barred from the Bargain Deals forum.

 

[ronparise]

He screwed-over a crapton of owners who would otherwise have reserved those reservations. Megarenters did and do the same.

The changes in 2016, 2020, and 2021 make it more difficult for megarenters to screw other owners out of their vacations. That leads to more availability for owners to reserve a vacation for their family instead of non-owners vacationing in Club Wyndham.

I still dont understand why you think I screwed other owners out of their vacations, Using your logic I could say that every time you make a reservation you have screwed someone out of that vacation

And there is a finite number of units in the Wyndham system, and enough points have been sold to reserve everyone of them. Getting the big owners out of the game does not create more availability, Its always the same number of points chasing the same number of reservations

 

[ronparise]

Which is what TUG eventually acknowledged. A "free" timeshare where the new owner had to pay 2-3 years of maintenance fees for points they would never receive was definitely no bargain. So these con-jobs were barred from the Bargain Deals forum.

Lets all take a logic test

All boys in my school have to wear long pants
Mary Jane is wearing long pants
Therefore Mary Jane must be a boy

True? or False?


All Tug bargain timeshares must be free
A mud week at a ski resort is free
Therefore the mud week is a bargain

True or False


I get it My offers were not free, but they might have been bargains

 

[paxsarah]

con-jobs

Man, you’re totally right he completely concealed the nature of these stripped contracts from the unsuspecting Tug public just to get one over on people, like a true con artist.

oh, wait…

As I said in my post..theres a catch, and its bad, but its not as bad as it seems.
but I understand that this is a case where free may be too expensive, except for the guy with a special need that one of my contracts will satisfy.

Your point is well taken. there is a cost that anyone considering one of these has to be aware of

Yeah, forget that. Seems like he was fully forthright about the limitations. I can see how one could quibble about whether they’re truly “bargain deals,” but I don’t see how it can in any way be read as a con. Just because you don’t like it doesn’t make it a con.

 

[Roger830]

Lets all take a logic test

All boys in my school have to wear long pants
Mary Jane is wearing long pants
Therefore Mary Jane must be a boy

True? or False?


All Tug bargain timeshares must be free
A mud week at a ski resort is free
Therefore the mud week is a bargain

True or False


I get it My offers were not free, but they might have been bargains

For the first one to be true the first premise should be - Only boys in my school wear long pants

For the second one to be logically true the first premise should be - All free timeshares are listed in Tug bargain timeshares
Even though it's logically true, it's not true because the premise is false.

 

[dgalati]

Assuming any reservations you make for the buyers at $3/1000 would also include any VIP discounts?

I like this guys thinking but I would of also demanded the free room upgrade if available.

 

[rickandcindy23]

I remember those threads now. I did look at them but didn't comment. I knew I wasn't interested in more points, and that is why I didn't say a thing. I had nothing against what he was doing, or I would have remembered all of that. Ron's explanation is more than adequate, but people still want to attack him.

What someone does with knowledge is up to them. I shared a tiny bit of what I knew back then. Hey, I think it would still work, except for the fact that Wyndham has enough Bali Hai that they probably aren't converting anymore. I could be wrong, but it seems they stopped allowing it. Someone told me it was no longer possible. I owned my weeks when they were PAHIO weeks. I loved Bali Hai and Shearwater for personal use and bought for that reason. I didn't buy to convert to Wyndham. It fell into our laps.

As long as those who took the contracts knew the rules upfront, these did belong in the bargain basement section of TUG, in my opinion. The one thing I have to say is that I could not have done that myself because I couldn't have taken the heat that Ron took.

There are many TUG members and guests who have businesses renting timeshares, I guess any system you own, you will have competition with some of them in getting reservations you want. As I said, the early bird gets the worm. The bitterness over VIP owners and their benefits is something other than "I cannot get a reservation that I want because those VIP owners took all of the inventory for the next 60 days!." That doesn't hold water. It was there for me, it was there for you. You just didn't get the discounted points. Determination and tenacity always wins the race.

Admittedly, resale points shouldn't get the VIP Platinum benefits and Wyndham is fixing it. Good for them for looking out for owners, just let me out of my resale contracts, Wyndham. Let me give back all of these contracts and I will keep the Platinum for our grown kids and for us to use. I will use what I bought. Giving away these contracts with no idea what the use will be next year, I will be in a position similar to Ron in 2016, or whenever it was. I will be giving away contracts that might be empty because I don't know where I stand on each individual one. Some points were borrowed from future years.

 

[Jan M.]

Giving away these contracts with no idea what the use will be next year, I will be in a position similar to Ron in 2016, or whenever it was. I will be giving away contracts that might be empty because I don't know where I stand on each individual one. Some points were borrowed from future years.

Sorry to be the bearer of bad news.

Wyndham no longer allows deeds/contracts to be transferred if the full points aren't available. If you don't have the current use year points available you will have to pay $12 per thousand points to replace the points for any deed/contract you give away or sell. Dgalati was one of the individuals responsible for Wyndham making that change. That was his loophole and he was able to use it up until about two years ago.

However you only have to have the next use year points available for anything you give back through Certified Exit. Something to keep in mind is that once you begin the CE process you cannot have any upcoming reservations and your account will be locked for however many months it takes until it's done. While your account is locked I'm guessing that Wyndham won't transfer any deeds/contacts you've sold or given away to other owners during the that time.

 

[Cyrus24]

Something to keep in mind is that once you begin the CE process you cannot have any upcoming reservations and your account will be locked for however many months it takes until it's done.

Once they have the 'buckets' all set, it would seem that they would only need to 'lock' the resale buckets. I'm leaning toward giving my one and only Resale Contract back. Does not seem right to lock down the Developer side of the Account.

Appreciate the update, hopefully there is some adjustment to the locking process once the buckets roll out.

 

[rickandcindy23]

Sorry to be the bearer of bad news.

Wyndham no longer allows deeds/contracts to be transferred if the full points aren't available. If you don't have the current use year points available you will have to pay $12 per thousand points to replace the points for any deed/contract you give away or sell. Dgalati was one of the individuals responsible for Wyndham making that change. That was his loophole and he was able to use it up until about two years ago.

However you only have to have the next use year points available for anything you give back through Certified Exit. Something to keep in mind is that once you begin the CE process you cannot have any upcoming reservations and your account will be locked for however many months it takes until it's done. While your account is locked I'm guessing that Wyndham won't transfer any deeds/contacts you've sold or given away to other owners during the that time.

My account is not really locked. Why do you think that my account is locked? Certified exit apparently doesn't work for every Wyndham contract. They don't really want what I have. I am also not going to give back my platinum account. I know they want it, but they cannot have it.

 

[rickandcindy23]

Sorry to be the bearer of bad news.

Wyndham no longer allows deeds/contracts to be transferred if the full points aren't available. If you don't have the current use year points available you will have to pay $12 per thousand points to replace the points for any deed/contract you give away or sell. Dgalati was one of the individuals responsible for Wyndham making that change. That was his loophole and he was able to use it up until about two years ago.

However you only have to have the next use year points available for anything you give back through Certified Exit. Something to keep in mind is that once you begin the CE process you cannot have any upcoming reservations and your account will be locked for however many months it takes until it's done. While your account is locked I'm guessing that Wyndham won't transfer any deeds/contacts you've sold or given away to other owners during the that time.

I am thinking about this change in policy on Wyndham's part. If I don't have points for this year and have the title turned over to start on 2022, I don't see how they can legally keep me from doing that, as long as I have 2022 points for the new person taking over my account. So that makes zero sense to me.

Wyndham is going to make this tough on me. Giving them away is one thing, but abiding by their stinkin' rules is another.

 

[troy12n]

Wyndham is going to make this tough on me. Giving them away is one thing, but abiding by their stinkin' rules is another.

You really think being able to harvest points from a future use year, which you have not paid MF on, for your own (business) purposes and then dump them to someone else should be a permissible thing?

 

[rickandcindy23]

You really think being able to harvest points from a future use year, which you have not paid MF on, for your own (business) purposes and then dump them to someone else should be a permissible thing?

I wouldn't do that. You need some reading comprehension skills, apparently. They would be deeded and the ability to use for 2022. Why are you so confrontational? What makes you that way? You need to calm down a bit.

 

[dgalati]

Sorry to be the bearer of bad news.

Wyndham no longer allows deeds/contracts to be transferred if the full points aren't available. If you don't have the current use year points available you will have to pay $12 per thousand points to replace the points for any deed/contract you give away or sell. Dgalati was one of the individuals responsible for Wyndham making that change. That was his loophole and he was able to use it up until about two years ago.

However you only have to have the next use year points available for anything you give back through Certified Exit. Something to keep in mind is that once you begin the CE process you cannot have any upcoming reservations and your account will be locked for however many months it takes until it's done. While your account is locked I'm guessing that Wyndham won't transfer any deeds/contacts you've sold or given away to other owners during the that time.

I agree to disagree on it being a loophole and do not believe they made the change solely because of my usage. I personally think it was a glitch in the new system when it was rolled out in 2016. Wyndham created one bucket for all points and you could not take points from one deed or another. When transferring out a deed with no current use year points under the new system Wyndham told me all points transferred to new owner if available or not. This created a negative points balance which zeroed out the first couple of years but by 2019 they decided to charge $12/1000 for the negative balance. I am still not sure why they just didn't block the transfer like if you would use future use year points? Disclaimer: I used all points personally and never rented a point I owned. As i used points from each deed I would sell deed without any current use year points. All of this was within club rules. Using current use year points was also allowed if you gave back deed to Wyndham with Ovations. Luckily Wyndham shut my way of traveling down in 2019 and saved me from the expense of paying 6k of maintenance fees during the COVID lock down.

 

[rickandcindy23]

So the ebay ads that Yvonne is selling that say something about any points for the current use year are a bonus actually is something she should not be transferring this year? She is saying fees start next year, not this year.

 

[Sloane S]

If (and that's a big if) Wyndham somehow managed to get them transferred before the end of 2021, Wyndham has been giving the new owner all points for the current use year regardless of whether they have been used or not; they are then taking the corresponding amount of points from the seller's remaining contract(s) (or making them pay $12 per thousand for them). Maintenance fees for the new owner start immediately once the contract is transferred.

 

[dgalati]

I am thinking about this change in policy on Wyndham's part. If I don't have points for this year and have the title turned over to start on 2022, I don't see how they can legally keep me from doing that, as long as I have 2022 points for the new person taking over my account. So that makes zero sense to me.

Wyndham is going to make this tough on me. Giving them away is one thing, but abiding by their stinkin' rules is another.

Wyndham will transfer deeds out but if you have 0 points available a negative balance will be created. They told me all points transfer to new owner if they are available or not. The ownership letter clearly states points that will transfer depends on sellers points availability and benefits used at time contract is transferred.

 

[rickandcindy23]

If (and that's a big if) Wyndham somehow managed to get them transferred before the end of 2021, Wyndham has been giving the new owner all points for the current use year regardless of whether they have been used or not; they are then taking the corresponding amount of points from the seller's remaining contract(s) (or making them pay $12 per thousand for them). Maintenance fees for the new owner start immediately once the contract is transferred.

OMG! That is so wrong, if the contract between the buyer and seller says usage and fees start in 2022. That is creepy of Wyndham.

 

[Ty1on]

Deleted because I appear to have been wrong