For those not taking the exchange for CWA points. Be aware that whatever money you do eventually receive will also get a tax form and be reported to the IRS.
Chapjim reiterated something I said. Don't expect this to wrap up and get the money in a few months. Orlando International is proceeding more quickly than should be expected at other resorts on the list because this resort was already well on the way to taking action before this. There's still a lot to be done that takes time and incurs costs. More than just the lawyers fees. The associated costs like document prep, copies, postage, filling and recording fees, etc. on this large of a scale add up to more than you'd think.
We've been through this with owning at the Golden Strand Ocean Villa Resort in Sunny Isles Beach, Florida. Read the last post in this thread.
https://tugbbs.com/forums/threads/golden-strand-resort-bought-by-trump-group.205607/
If one entity, Wyndham in this case, doesn't own 100% of a resort, doing a type of bankruptcy is typically how it's done when a resort is dissolved and sold.
If the resort is taken over by another timeshare company instead of being dissolved and sold off to a developer, that's an entirely different situation. There's no buyout for the individual owners. A conversion to that timeshare's system would be offered. If you wanted out you'd have to hope the new timeshare company would take back what you own or that you could find someone to take or buy it from you.
About lawsuits. Wyndham tries to settles out of court whenever possible. Companies, businesses, individuals, law firms typically try to reach an out of court settlement because it's expensive to go to trial. It's also not unusual for there to be NDAs involved. In our lawsuit happy country no company/business wants a target painted on them by attorneys and individuals just looking to score a settlement.
That being said, of course settling out of court and with NDAs does sometimes cover up wrong doing, business practices that would hurt the company/business reputation, etc. Most of us watch movies, TV shows, so we're aware that this does happen.
As has been discussed in other threads going back years, Wyndham has significantly more lawsuits filed against them than any other timeshare company. They're the largest timeshare company so you'd expect their numbers to be somewhat higher. The significantly higher would seem to be because the general consensus is that Wyndham has the most predatory and deceptive sales practices.
I'd guess a good number of the lawsuits are disgruntled owners who've found out they spent thousands of dollars on something they could have paid a minimal amount for on eBay, TUG, Redweek, etc. They and the attorneys they use will latch on to anything they can use to sue and get out.
