Deed Back to Resort?

[gnipgnop]

I have been trying to sell my week for some time now with no success. I have the name of the BOD President at my resort and want to send a letter asking them to take the deed back. Reason is that my husband has had multiple surgeries and has another one coming up in October. We will still be able to travel but not for some time and we can't afford to pay multiple maintenance fee's. HERES MY QUESTION: What is the best wording to use in the letter asking them to take the deed back? I did see a post some time ago about how to go about doing this but can not find it now. Any help would be so appreciated.

 

[ronparise]

I have been trying to sell my week for some time now with no success. I have the name of the BOD President at my resort and want to send a letter asking them to take the deed back. Reason is that my husband has had multiple surgeries and has another one coming up in October. We will still be able to travel but not for some time and we can't afford to pay multiple maintenance fee's. HERES MY QUESTION: What is the best wording to use in the letter asking them to take the deed back? I did see a post some time ago about how to go about doing this but can not find it now. Any help would be so appreciated.

I wouldnt say it much different than you said in your post.
Dont say we can't afford to pay multiple maintenance fee's. say we cant afford to pay this resorts maintenance fees

As long as they think you might pay their fees there is no reason for them to take it back.. however, Once they are convinced that they will never see another dollar from you, then they have to do something..and their only choices are to do nothing and wait for your default or take it back. I mean , sooner or later, they are going to get it anyway, through foreclosure, Why not take the easier, simpler, cheaper path

just dont leave any doubt in your letter.. You have to say, You cant continue to pay.

Thats my advice, for what its worth....

 

[gnipgnop]

Your advice is worth more than you realize. Thank you for your help ~ I was at such a loss. I believe I've been trying to sell two of my weeks for over a year. I will definitely take you advice and move on with it. Again ~ THANK YOU.

 

[bogey21]

Ron's advice is the way to go. I would add that you should follow up with phone calls. I was successful in Deeding Back Weeks at 4 different Resorts. All were the consummated only after multiple phone conversations.

George

 

[theo]

It is rare that I find myself in agreement with much of anything said by Ron Parise in these forums, but his input above on this subject is a noteworthy exception.

Some resorts are hard line and intractable in their "Just Say No" stance regarding "deedbacks", but others can be more reasonable, particularly when it is made abundantly clear to them in your correspondence that their two straightforward, "black and white" choices are to 1) either voluntarily accept a "deedback" now, or
2) forget about seeing any more maintenance fee payments and just go right ahead and undertake the avoidable time, effort and expense of foreclosure. Pick one.

I must respectfully disagree with George however regarding making too many phone calls, primarily because it is highly unlikely that you will actually reach anyone truly knowledgeable and / or with any "deedback" decision authority by phone. Generally speaking, you want to reach the HOA President --- not just unauthorized employees or other minions at the resort (where the HOA President is not located, btw) --- and while you may be able to easily obtain the HOA President mailing address it may be considerably more difficult to reach him / her by phone. The written word quite simply carries more weight, at least IMnsHO. Anyway, I wish you luck and success.

 

[gnipgnop]

Many thanks Theo and Ron for you excellent advice. I only have BOD, Pres's. name and the address of the Timeshare property. I think I can find his personal address on the "White Pages.com" I'll try that and keep you posted on results. Very grateful for your help.

 

[gnipgnop]

My resort is Silverwoods at Treasure Lake. It has a HOA but is managed by Crown Resorts. So, who would you say makes the final decisions in a deed back? (If they will even take it back)

 

[bogey21]

My resort is Silverwoods at Treasure Lake. It has a HOA but is managed by Crown Resorts. So, who would you say makes the final decisions in a deed back? (If they will even take it back)

There is one way to find out. Call the Resort; call the President of the HOA; and call Crown Resorts. Tell each of them that you want to Deed Back your Week. If they say they are not the one to be talking to, ask them who is. Assuming none agree to the Deed Back ask all of them to whom you should make a written request. Then decide on a course of action. This is not rocket science.

George

 

[theo]

My resort is Silverwoods at Treasure Lake. It has a HOA but is managed by Crown Resorts. So, who would you say makes the final decisions in a deed back? (If they will even take it back)

Unless the HOA is comprised primarily or solely of stooges hand picked representatives of the resort developer (which is generally only true within the "chains", e.g., Legacy Vacation Club (formerly known as Celebrity Resorts), Wyndham, etc., then it is the owner-elected BoD / HOA that makes any and all decisions and policies regarding acceptance of "deedbacks".

At any and all "independent" facilities (i.e., those not associated with any "chain"), it is solely the owner-elected BoD / HOA that makes any and all such decisions.

Fwiw, I cannot envision a scenario where a contracted (...and always replaceable) management company (and / or its' on site representative, the property manager) would have any authority or say in the matter whatsoever. Remember, at independent facilities the management company (and it's' on site property manager) are, in effect, paid employees of all the timeshare owners there. The mgt. company is hired by (and can be fired by) the BoD / HOA that represents all the owners there.
In other words, the tail does not wag the dog --- the dog wags the tail. You want to reach the President of the HOA --- anything else is just a "conversation".

 

[gnipgnop]

Thank you Theo. Your information is most valuable. I am in the process of hopefully and correctly wording a letter to the Pres. of the HOA. I found his name and where to mail information to him.. Wish me luck!! I am so grateful for your knowledge in this matter.

 

[TUGBrian]

great thread!

Can I give my Timeshare back to the resort?

 

[rosco1e]

I recently gave/sold my unit back to Marriott. I got to the point where I didn't need it anymore and also the fees were getting pretty steep. I called them (they have an actual department that does this stuff).

From then on everyone was cordial, helpful, somewhat slow, but overall great. They paid me roughly about 1/3 of what I paid for it originally.

Wish all resort companies acted like them. They've always been first class.

 

[winbett]

deed back to resort

I was successful in doing a deed back with Carriage Ridge Resort in canada managed by Shell. Did not have to pay any maintenance fees after I sent in request, all was said and done in 6 months. I didn't receive any compensation back but was glad to get out of fee on a resort we were no longer using.

 

[floydp]

I have been trying to sell my week for some time now with no success. I have the name of the BOD President at my resort and want to send a letter asking them to take the deed back. Reason is that my husband has had multiple surgeries and has another one coming up in October. We will still be able to travel but not for some time and we can't afford to pay multiple maintenance fee's. HERES MY QUESTION: What is the best wording to use in the letter asking them to take the deed back? I did see a post some time ago about how to go about doing this but can not find it now. Any help would be so appreciated.

I deeded back several of my T/S weeks with no problem. I deeded back a Silver Lake week but continue to get M/F billings which are ignored. My second recommendation is for you to call your home resort to find out what is required to do a deed back. My first recommendation is for you to read the link that Brian posted. I believe that the post will answer almost all of any question you may have.

 

[HPK]

Can anybody explain to me what BoD or HOA means ?

I have written Legacy vacation Club that I want to give my deed back but they answered that they had no program for that.

I am not surprised. As owner I noticed that about 10% of my yearly fee goes to cover the fee's of the people who are not paying theirs. So the owners pay for that, the management company does not. So why would they accept a deed when then they have to cover the yearly management fee. I do not like it but I understand their policy.

 

[rockotoo]

It is rare that I find myself in agreement with much of anything said by Ron Parise in these forums,

I must respectfully disagree with George however

Interesting. Respectfully disagree and disrespectfully agree all in one post!

 

[bogey21]

You want to reach the President of the HOA --- anything else is just a "conversation".

If you can reach the President of the HOA, go for it. In my case I was successful Deeding Back Weeks at 4 Resorts and never wrote or talked to an HOA President. Every one of my 4 Deed Backs were different. My advice continues to be to call anyone and everyone who will talk to you and when you get someone who is quasi responsive don't let up.

George

 

[LauriBuck]

Can anybody explain to me what BoD or HOA means ?

I have written Legacy vacation Club that I want to give my deed back but they answered that they had no program for that.

I am not surprised. As owner I noticed that about 10% of my yearly fee goes to cover the fee's of the people who are not paying theirs. So the owners pay for that, the management company does not. So why would they accept a deed when then they have to cover the yearly management fee. I do not like it but I understand their policy.

BoD - Board of Dirrectors
HOA - Home Owner's Association

 

[theo]

Can anybody explain to me what BoD or HOA means ?

I have written Legacy vacation Club that I want to give my deed back but they answered that they had no program for that.

I am not surprised. As owner I noticed that about 10% of my yearly fee goes to cover the fee's of the people who are not paying theirs. So the owners pay for that, the management company does not. So why would they accept a deed when then they have to cover the yearly management fee. I do not like it but I understand their policy.

BoD = Board of Directors (of the HOA)
HOA = Homeowner's Association (although in the context of timeshares, "home" is actually the timeshare property and its' owned intervals)

Legacy Vacation Club (formerly known as Celebrity Resorts before Celebrity Resorts filed for bankruptcy around 2009 and later "re-emerged" as Legacy Vacation Club) is a prime example of an operation where each property HOA is comprised primarily (or even solely) of stooges hand picked representatives of the developer.
In such situations, the HOA stooges never "bite the hand that feeds". Instead, they always dutifully represent the best interests of the developer, with the interests of the actual fee-paying interval owners a mere afterthought --- if even considered at all. It certainly comes as no surprise to me that the Legacy Vacation Club position on "deedbacks" would very consistently be "No, we would never even consider it. Just keep paying those maintenance fee bills --- and have a nice day".

Legacy Vacation Club is a great example of why many people deliberately and willfully choose to own only at independent resorts, where the developer is long gone from the scene and the HOA / BoD is comprised solely of interval owners duly elected by other interval owners. Other interval owners are exactly the people I want representing our best interests --- not hand picked developer stooges who just obediently and routinely kowtow to the developer at every possible opportunity.

 

[Miss Marty]

Silverwoods at Treasure Lake managed by Crown Resorts

My resort is Silverwoods at Treasure Lake.
It has a HOA but is managed by Crown Resorts.

So, who would you say makes the final decisions
in a deed back? (If they will even take it back)

Silverwoods at Treasure Lake
ph: 814-375-1800

Deeded Ownership

Deeded timeshare ownership at any Crown Resort takes place by issue of a Warranty Deed. This type of fee simple deed is the highest form of ownership in deeded timeshare real estate. You obtain title to the property free and clear of any liens and encumbrances. Your specific timeshare unit and vacation week are recorded on your deed confirming your resort location and vacation time. All documents are prepared by our licensed real estate professionals and processed by our legal department. Upon completion of the recording process in the appropriate county courthouse, your deed will be mailed to you for your records.

The Resorts at Treasure Lake
Silverwoods and Wolf Run Manor
1129 Treasure Lake Dubois, PA 15801
Phone: 800-756-3155 or 814-375-1800

Customer Services/General Info:
acctserv@crownresortsltd.com

http://www.crownresortsltd.com/Resorts/TreasureLake.aspx

Crown Resorts represents 11 Timeshare Owner's Associations

 

[Larry M]

One more thing...

Many thanks Theo and Ron for you excellent advice. I only have BOD, Pres's. name and the address of the Timeshare property. I think I can find his personal address on the "White Pages.com" I'll try that and keep you posted on results. Very grateful for your help.

You've received good advice from Ron Parise and Theo. I would add only one thing. If the HOA President seems hesitant to accept the deedback, offer to pay attorney fees. This cost of a couple of hundred dollars is conciliatory (offering to meet him halfway) and may push him over the edge.

(I'm assuming your maintenance fees are current. If they are not, it's going to be a much harder sell.)

Larry
(I asked my HOA for a deedback and they agreed nicely, provided I paid $150 attorney fees. See this thread.)

 

[Larry M]

Amen, Brother!

Legacy Vacation Club is a great example of why many people deliberately and willfully choose to own only at independent resorts, where the developer is long gone from the scene and the HOA / BoD is comprised solely of interval owners duly elected by other interval owners. Other interval owners are exactly the people I want representing our best interests --- not hand picked developer stooges who just obediently and routinely kowtow to the developer at every possible opportunity.

Amen, brother!

Larry M
(Fixed week 33 at Egrets Pointe, Edisto Island, SC, an independent association which happens to be on the grounds of Wyndham Ocean Ridge. Egrets Pointe owners have the use of all the Wyndham Ocean Ridge amenities.)

 

[garrysells]

deeding back silver lake resort time share ?????

I deeded back several of my T/S weeks with no problem. I deeded back a Silver Lake week but continue to get M/F billings which are ignored. My second recommendation is for you to call your home resort to find out what is required to do a deed back. My first recommendation is for you to read the link that Brian posted. I believe that the post will answer almost all of any question you may have.

How did you go about deeding back your deeded time share at Silver Lake resort ???

 

[TUGBrian]

Hi gary, this link above should help

http://tug2.net/timeshare_advice/give_back_timeshare.html

 

[floydp]

How did you go about deeding back your deeded time share at Silver Lake resort ???

As mentioned, go to the link that Brian listed, which he repeated just before this reply.