Vistana, Westin & Sheraton Deedback program

[md8287]

This is very interesting given life changes going on right now. I own many weeks, both seasons, at Westin Lagunamar and many platinum at Harborside. For anyone that has done a deedback have you done some but not all of your weeks? I’m not sure if I am ready to “give” back as I have not tried to sell yet but would value some guidance. TIA

 

[rog2867]

I think this is good news for those of us who are aging and have difficulty traveling any more and/or don't want to burden our children/grandchildren with yearly fees.

You don't have to leave your timeshare to anyone, keep it in your name and when the time comes someone just needs to notify them. Just because you have rights of survivorship doesn't mean you have to leave it to anyone. someone please correct me if I am wrong here.

 

[jabberwocky]

The Lagunamar will probably have some resale value. Better to get some cash from them (or even give away) and have someone else use them than give back to Vistana to be stuck in a trust. It does take time to get rid of them, but if you are enjoying them you can gradually give them away.

Harborside will be more problematic as most weeks have no value because of high MF. I don't believe Vistana is doing deedbacks for them either.

This is very interesting given life changes going on right now. I own many weeks, both seasons, at Westin Lagunamar and many platinum at Harborside. For anyone that has done a deedback have you done some but not all of your weeks? I’m not sure if I am ready to “give” back as I have not tried to sell yet but would value some guidance. TIA

 

[PcflEZFlng]

please email me the details at tug@tug2.net if you have not already done so if this was a us based paid off ownership.

Now that I (and presumably some others) have forwarded our US-based ownership information, what happens next? Is it being taken up with Marriott by your contact person?

 

[TUGBrian]

yes, i forward your ownership details to my marriott contact who "should" get it in the hands of the right person and for the successes in the past you will be contacted via phone or email to inform you of the change of decision (should it happen).

its been surprisingly successful sofar, i hope it works for you as well unless there is some hidden detail about your ownership that I am not aware of etc.

 

[PcflEZFlng]

Thanks Brian. Nothing at all unusual about my ownership, that I'm aware of. Unless they meant to exclude biennial contracts but didn't say so.

 

[durrod]

I also have a Sheraton week trying to deedback or buyback to them.
And it’s also an every other year. I sent Brian the details by email

 

[PcflEZFlng]

I also have a Sheraton week trying to deedback or buyback to them.
And it’s also an every other year. I sent Brian the details by email

Yup, I remember your posts. Here's to wishing us good luck!

 

[got4boys]

I also have a Sheraton week trying to deedback or buyback to them.
And it’s also an every other year. I sent Brian the details by email

Any luck on the deed back on every other year units?

 

[PcflEZFlng]

Any luck on the deed back on every other year units?

None so far. Been turned down twice - once by phone and once by email. Still hoping Brian's contact can get some movement on this.

 

[durrod]

No luck so far in deeding back my eoy

 

[needvaca]

Vistana is generally buying back weeks to put in their Flex trusts.
maybe the Flex plans are not able to hold EOY deeds in their trusts, so therefore Vistana has no commercial reason to buy them back?

 

[Fredflintstone]

No luck so far in deeding back my eoy

Which State is your timeshare located?


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[dioxide45]

Vistana is generally buying back weeks to put in their Flex trusts.
maybe the Flex plans are not able to hold EOY deeds in their trusts, so therefore Vistana has no commercial reason to buy them back?

IIRC, for a while when Marriott had their buyback program in the early days of the DC trust, they weren't taking back or ROFR EOY weeks. Though now they don't seem to have any issues. Perhaps something extra needs to be done in order to be able to start taking them back?

 

[durrod]

Which State is your timeshare located?


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Myrtle beach, South Carolina. Sheraton Broadway Plantation Resort

 

[Fredflintstone]

Myrtle beach, South Carolina. Sheraton Broadway Plantation Resort

Ok,

Please check out the laws here:


https://www.nolo.com/legal-encyclopedia/south-carolina-timeshare-foreclosure-right-cancel-laws.html

Oh my, South Carolina has non judicial, anti deficiency timeshare foreclosure laws. Hmmmmm.





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[JudyS]

This thread has gotten quite long. I read a couple of pages, and am not sure what the situation is. Perhaps someone can write an update to this thread describing the current situation? Brian, would you be willing to place an update in your original post of this thread, summarizing the Vistana deedback situation?

 

[TUGBrian]

good idea, as it appears the important "update" info does not show up till page 7!

(here is the link for it) https://www.tugbbs.com/forums/index...n-deedback-program.291395/page-7#post-2335398

ill update the original post to include this info.

 

[ocdb8r]

Do we know if Westin St. John is included currently?

 

[TUGBrian]

only timeshares located within the continental US (including hawaii) are currently included in the deedback program.

 

[PcflEZFlng]

And they must be annual, not biennial contracts. They're not taking back EOY ones, at least for now.

 

[DavidnRobin]

Do we know if Westin St. John is included currently?

If VGV phase - prior to H.Irma, the VGV HOA was taking deeds back. These WERE either been auctioned off, or bought by VSE (SVO) from the VGV HOA. iirc, this has occurred three times over the years.
The WSJ thread has captured these sales.

 

[goaliedave]

ok, more info. I have had one person confirm they were rejected via this program because they were trying to give back a non us based timeshare in the vistana system.

sadly this program is only for US based ownerships at the current time. so if you are looking to give back a US based vistana/sheraton/westin timeshare and are rejected by this program or told it doesnt exist, please contact me!

just seeing this. I have 2 weeks of 2BR Lockoffs St Augustine to give away. is it still on?

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[goaliedave]

just seeing this. I have 2 weeks of 2BR Lockoffs St Augustine to give away. is it still on?

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just sent details by message Brian, thanks for your help!

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[TUGBrian]

did you contact the vistana deedback department and were rejected?