New to Timeshares- please help

[sweetk1ssses]

I know this may seem rather repetitive as I'm sure a lot of noobs ask but I've already read through the FAQ and new owners 101 guide and I still wasnt sure what to do next.

I just recently aquired the Desert Springs Timeshare through the Riverside County Tax Auction in Nov. and I got the county's registration in the mail about 2 weeks ago. So now what do I do? Do I just wait for Marriott to contact me? Am I suppose to register with a timeshare exchange?

I tried calling Marriott's timeshare department to see if they could tell me the status of my timeshare or what to do next but she just transfered me to II, which didnt quite help very much.

Thanks in advance for your help!

 

[FlyerBobcat]

I know this may seem rather repetitive as I'm sure a lot of noobs ask but I've already read through the FAQ and new owners 101 guide and I still wasnt sure what to do next.

I just recently aquired the Desert Springs Timeshare through the Riverside County Tax Auction in Nov. and I got the county's registration in the mail about 2 weeks ago. So now what do I do? Do I just wait for Marriott to contact me? Am I suppose to register with a timeshare exchange?

I tried calling Marriott's timeshare department to see if they could tell me the status of my timeshare or what to do next but she just transfered me to II, which didnt quite help very much.

WELCOME TO TUG !!!!

Let start of with a few questions... You said:

I got the county's registration in the mail about 2 weeks ago.

Exactly what was this "registration"? Was it a copy of the recorded deed with your name?

Are you past the point of making sure that all the Marriott fees and taxes are up-to-date on the property?

Who is handling the processing of this owner transfer? Usually after the deed is recorded, the closing company and/or attorney forwards the appropriate paperwork and feees to Marriott. Then in about 3 to 4 weeks, one would be contacted by Marriott with an owner number and other information regarding setting up an on-line account.

I don't understand how/why II would be involved at this point. You stated:

I tried calling Marriott's timeshare department to see if they could tell me the status of my timeshare or what to do next but she just transfered me to II..

Contact MVCI at Owner.Modifications@vacationclub.com, or 800-845-4226 x3 and find out what needs to be done with them, based on where you are in the deeding process.

Worry about registering with a timeshare exchange company (II) later. You can only do that once you have all you Marriott registration in order.

Good Luck!!!!

 

[sweetk1ssses]

WELCOME TO TUG !!!!

Let start of with a few questions... You said:

Exactly what was this "registration"? Was it a copy of the recorded deed with your name?

Are you past the point of making sure that all the Marriott fees and taxes are up-to-date on the property?

Who is handling the processing of this owner transfer? Usually after the deed is recorded, the closing company and/or attorney forwards the appropriate paperwork and feees to Marriott. Then in about 3 to 4 weeks, one would be contacted by Marriott with an owner number and other information regarding setting up an on-line account.

I don't understand how/why II would be involved at this point. You stated:


Contact MVCI at Owner.Modifications@vacationclub.com, or 800-845-4226 x3 and find out what needs to be done with them, based on where you are in the deeding process.

Worry about registering with a timeshare exchange company (II) later. You can only do that once you have all you Marriott registration in order.

Good Luck!!!!

Thank you for your help! I will contact them right away to see what I have to do next.

Yes I believe it was a deed registration copy from the county and all taxes have been paid to date. I was not contacted regarding any fees for Marriott which is why I was wondering if anyone else has gone through the process with Riverside County for a tax auction.

Also when I called Marriott and they transfered me to II, I had no idea why she transfered me bc I really didnt have anything to do with them. She just heard that I was inquiring regarding my status and then transfered me.

 

[FlyerBobcat]

Thank you for your help....
Yes I believe it was a deed registration copy from the county and all taxes have been paid to date. I was not contacted regarding any fees for Marriott which is why I was wondering if anyone else has gone through the process with Riverside County for a tax auction.

See this TUG thread to verify if your deed is recorded.

Who drove the process of getting the new deed put in your name? I'm not sure at what point Marriott would be involved to make sure that 2009 Maintence Fees have been paid, and that the Marriott transfer fee is paid. And what about ROFR fee?

 

[sweetk1ssses]

See this TUG thread to verify if your deed is recorded.

Who drove the process of getting the new deed put in your name? I'm not sure at what point Marriott would be involved to make sure that 2009 Maintence Fees have been paid, and that the Marriott transfer fee is paid. And what about ROFR fee?

Yes I checked the site and it was recorded in January and since it was purchased through Riverside County, they drove the deed but aside from that I'm not sure what else. Someone told me I didnt need a closing company or anything because the county was doing the transfer personally and they said to just wait until Marriott contacts me. But I have yet to hear from Marriott regarding transfer fees or any other fees which is why I started to worry.

 

[ecwinch]

Was the deed recorded with Marriott?

On a transfer, typically a copy of the deed, and a owners information sheet has to be provided to the Marriott transfer dept.

 

[vacationtime1]

You need to send Marriott a copy of the recorded deed and Marriott's transfer fee (I believe $25) in order to transfer ownership on Marriott's books. The recorded deed transferred legal ownership to you, but Marriott has no way of knowing that unless and until you tell them by submitting a copy of the recorded deed to the relevant Marriott department.

I see two potential problems. You may find that the previous owner did not pay maintenance fees as well as not paying property taxes. If that is the case, you will have an unpleasant surprise when Marriott asks you to pay the overdue maintenance fees. But that may still be cheaper than buying the property on the open market.

The second problem is Marriott's right of first refusal (applicable if the property in question is a Desert Springs II, but not if it is a Desert Springs I). Marriott may claim that it had the right to buy the property on the terms for which you purchased it, and then exercise that right (in which case it must reimburse you for the property taxes you paid). Should it make that claim, you should argue that Marriott had constructive notice of the tax sale because property tax auctions are public. Perhaps others on this board have seen that situation before and can better advise you.

 

[sweetk1ssses]

You need to send Marriott a copy of the recorded deed and Marriott's transfer fee (I believe $25) in order to transfer ownership on Marriott's books. The recorded deed transferred legal ownership to you, but Marriott has no way of knowing that unless and until you tell them by submitting a copy of the recorded deed to the relevant Marriott department.

I see two potential problems. You may find that the previous owner did not pay maintenance fees as well as not paying property taxes. If that is the case, you will have an unpleasant surprise when Marriott asks you to pay the overdue maintenance fees. But that may still be cheaper than buying the property on the open market.

The second problem is Marriott's right of first refusal (applicable if the property in question is a Desert Springs II, but not if it is a Desert Springs I). Marriott may claim that it had the right to buy the property on the terms for which you purchased it, and then exercise that right (in which case it must reimburse you for the property taxes you paid). Should it make that claim, you should argue that Marriott had constructive notice of the tax sale because property tax auctions are public. Perhaps others on this board have seen that situation before and can better advise you.

THANKS EVERYONE! All this information is really helpful because I was so lost as to what to do next aside from just "waiting" like the county told me to. Now that I know what to do next I will go ahead and call Marriott first to get an address so that I can send a copy of the deed.

Also, I believe per the agreement of the timeshare purchase from the County, all debts (except govt debt) are cleared from the timeshare upon transfer of ownership. This is why I decided to purchase from the County in the auction. I was told the chances of other govt debt attached to the timeshare is nearly impossible. (I have also already paid for the 2009 property taxes) So technically the only fees I should be expecting are the current Marriott maint fees for 2009, etc.

 

[californiagirl]

Welcome to TUG! This site is wonderful for new and experienced owners alike. Do you mind if I ask how much you paid at the auction? We own DSV II...just curious. Was it a live or silent auction? Were there many other people bidding against you? I have always wondered about this as it applies to timeshares.

Thank you.

 

[sweetk1ssses]

Welcome to TUG! This site is wonderful for new and experienced owners alike. Do you mind if I ask how much you paid at the auction? We own DSV II...just curious. Was it a live or silent auction? Were there many other people bidding against you? I have always wondered about this as it applies to timeshares.

Thank you.

I got the timeshare for around $7K and I believe my timeshare out of all the others was the highest ending price. Many of them went for around 1-2K. They started out at the price of the property tax owed which was well below $1,000 then ppl started bidding. All timeshares were sold out. The reason mine went so high was because its a platinum 2 bedroom (fixed) in wk 52. This auction was live, online through bidforassets.com. There are quite a few county auctions going on, you just have to check.

 

[ecwinch]

I got the timeshare for around $7K and I believe my timeshare out of all the others was the highest ending price. Many of them went for around 1-2K. They started out at the price of the property tax owed which was well below $1,000 then ppl started bidding. All timeshares were sold out. The reason mine went so high was because its a platinum 2 bedroom (fixed) in wk 52. This auction was live, online through bidforassets.com. There are quite a few county auctions going on, you just have to check.

Thats an interesting site.

Note that if you search for "RESORT" you get more results than if you search for "TIMESHARE". And it looks like the PCC guys are already using it to sell inventory.

 

[californiagirl]

Thanks for the info one the auction. For week 52 I think you got a good deal. We love DSV I and II and have been there many times.