echino
TUG Member
- Joined
- Dec 2, 2008
- Messages
- 2,220
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- Location
- Vancouver
- Resorts Owned
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GP7
Valdoro
HHV Lagoon
Here's the situation. I found a Marriott timeshare that I would like to buy, the seller agrees on price, but the broker says the transaction cannot go through because the seller's 2018 maintenance fees are long past due.
The broker says Marriott will not even look at ROFR if there are past due fees. He says the seller has no money to pay the fees, and they cannot come out of the proceeds, the fees must be paid before the paperwork is sent in to Marriott for ROFR.
If I pay the seller's fees upfront and then Marriott takes the week via ROFR, I lose money. Is there a way out of this circle?
The broker says Marriott will not even look at ROFR if there are past due fees. He says the seller has no money to pay the fees, and they cannot come out of the proceeds, the fees must be paid before the paperwork is sent in to Marriott for ROFR.
If I pay the seller's fees upfront and then Marriott takes the week via ROFR, I lose money. Is there a way out of this circle?