Reply to the editView attachment 118846
For future reference, this data is tracked in the TUG MF sheet linked here - always at the bottom of the first sheet: https://docs.google.com/spreadsheets/d/1mRNaOwfYAl-E5b5GbVSTUwDrqcPelxYxPsNSYmvbX80/edit?gid=0#gid=0
Until the contracts are actually removed from the accounts, the numbers aren't going to adjust - that's just how the system works. I'd assume that once the contract is removed, the recalculation will occur, and your monthly payment will then adjust down accordingly - so owners will either receive a one-time credit - or that same amount will be divided up over the remaining monthly payments for the year in scope. I'd surmise it will be the latter - but only time will tell. I can certainly inquire if needed.
EDIT: Actually from what I’ve learned the contracts will not actually be removed from the accounts until the resort disposition occurs. The contracts will be essentially made inactive after 12/31/2025 when the resorts cease operations and are removed from CW. Once this process occurs, the financials within all impacted accounts will adjust. We haven’t been overly focused on getting details on these issues since the focus has been on the HOA voting processes and results concluding. Now that we are basically done with this phase of the ongoing actions (except for the two Shawnee HOAs), we can shift focus toward how the resorts being removed from CW will actually transpire within the systems and what the owner impact/experience will look like.
So after December, the amount of points that I am being charged a program fee for will drop by 154K, and at that time, I'll pay $0.75 * 154 = $115.50 less a year to Wyndham. Not that it's big money, but what happens to the $9.63 I'll be charged in December for January's payment, since it will process before the financials adjust accordingly? Now obviously $9.63 isn't going to make or break me (I spend more on two slices of pizza in NYC), but in the aggregate, that's a lot of money Wyndham collects.
I know this is all novel, uncharted territory, but it is such a disjoined, poorly managed process. And besides the actual process, the messaging is horrendous. That being said, I am not telling anyone here that has been following this from July anything they don't know. Just venting.