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Is Vistana accepting Deedbacks

Discussion in 'Vistana Signature Experiences (formerly Starwood)' started by DBLYES, Feb 23, 2018.

  1. DBLYES

    DBLYES TUG Member

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    Hi,

    It has been a while since I have been on TUG. Does anyone know if they are accepting deedbacks with no costs involved. Thanks.
     
  2. TUGBrian

    TUGBrian Administrator

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    I dont recall seeing anything like that being announced unfortunately.

    never hurts to ask though! send them a letter asking for your options to give your ownership back.
     
  3. DavidnRobin

    DavidnRobin TUG Member

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    WSJ-VGV HOA has taken deeds back, and then resold to cover delinquent MFs.

    If your VOI has no value, then unlikely that VSE would take back.
     
    TUGBrian likes this.
  4. VacationForever

    VacationForever Tug Review Crew: Rookie TUG Member

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    Based on my memory, there were 2 recent reports on TUG about they were successful with deedbacks, including at a VOI with no value (Sheraton Broadway Plantation). Can't hurt to ask.
     
    Last edited: Feb 23, 2018
    TUGBrian likes this.
  5. DeniseM

    DeniseM Moderator

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  6. DavidnRobin

    DavidnRobin TUG Member

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    Nico (@hypnotiq) - are you aware of this?
    There are 2 SBPs being given away for free on Bargain Deal Thread. One includes $250...

    https://tugbbs.com/forums/index.php?threads/free-sheraton-broadway-plantation-gold-2-bedroom.265753/
    https://tugbbs.com/forums/index.php?threads/sheraton-broadway-plantation-2-br-gold-free-250.267753/
     
  7. hypnotiq

    hypnotiq TUG Member

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    I tried giving a SBP back to Vistana last month. They said “nope; here’s some people who can help you sell it.”


    Sent from my iPhone using Tapatalk
     
  8. DavidnRobin

    DavidnRobin TUG Member

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    Too bad. I was curious to see if this claim was accurate.
    Hope all is well with you/family.


    Sent from my iPhone using Tapatalk
     
  9. TUGBrian

    TUGBrian Administrator

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    id imagine VSE as a whole is like most other companies with no "official" surrender program.

    if you are willing to give them a valuable week...they will make arrangements to take it from you.

    those offering weeks with no resale value are of course told to seek help elsewhere (shame they dont refer them to TUG)
     
  10. DBLYES

    DBLYES TUG Member

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    Thanks everyone. I have a 1bdrm SDO and 1 bdrm SBP. I am sure they do not have much value. It is too bad that some companies have deedback and others do not.
     
  11. ron_jacobson

    ron_jacobson TUG Member

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    I asked about a giveback on my EOY Even year Sheraton Vistana Resort 2 br and got the polite sorry but no response. It will be going up in the Bargin Section soon.
     
  12. md8287

    md8287 TUG Member

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    Last March I gave back several units at SVR and SVV with no value - no SO. Mixture of unit sizes. They covered all costs including maintenance fee. I
    was happily surprised.

    I tried this year to give back studios at SDO, WLR and Harborside and politely told no thanks but can always ask again in future.

    Never hurts to ask
     
    VacationForever likes this.
  13. md8287

    md8287 TUG Member

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    I bet if someone suggested Vistana add TUG as a resource they would.
     
    TUGBrian likes this.
  14. chemteach

    chemteach TUG Member

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    I called last week to see if they would take an SBP 2 BR lockout summer season. Reply was no...
     
  15. hypnotiq

    hypnotiq TUG Member

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    It’s been a no for a couple years now. I’ve tried both giving it away and deed back. No luck.


    Sent from my iPhone using Tapatalk
     
  16. VacationForever

    VacationForever Tug Review Crew: Rookie TUG Member

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    Claim is accurate. See post by md8287.
     
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  17. TUGBrian

    TUGBrian Administrator

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    we would urge all owners to suggest to their resorts to list TUG as an owner resource!

    I honestly dont see any major developer adopting this practice however, the industry itself does not profit from educated and knowledgeable owners....its simply not built on that deck of cards.

    we will always continue to try! and if any TUGGER is successful in getting their resort to list TUG as a resource in communications/letters with all their owners...ill grant you a lifetime membership as it would be a remarkable feat!
     
    DavidnRobin and md8287 like this.
  18. hypnotiq

    hypnotiq TUG Member

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    November update. Response from Vistana @ SBP.

     
  19. TUGBrian

    TUGBrian Administrator

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    thats disappointing to hear :(
     
  20. Ianneyan

    Ianneyan TUG Member

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    Have you tried posting your unit on eBay? I had a difficult time unloading a timeshare that I owned in Big Bear here on TUG even though I offered free closing. (Side note: I owned it all of 8-10months and realized it wasn’t something I would really get much use out of! :D) It took a couple of months to find a buyer, but I eventually did! If you’re hardpressed to unload it, offer free closing, perhaps throw in a little something upon closing ($100 Visa cash card?) and someone may scoop it up!
     
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  21. pchung6

    pchung6 TUG Member

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    I had an SVV 1 bedroom Amelia successfully deeded back to Vistana about 2 years ago. However it was my first timeshare purchase and I had about $8000 loan owed to Vistana, so this might be my advantage to work it out. What I did was I stopped paying for few months (like 6-8 months). Then Vistana started calling me and asking me to pay which I politely declined (said i have no money, but feel free to take timeshare back). After few foreclosure mails from Vistana with final warnings, I eventually called and asked for deedback which Vistana accepted. My credit did not get hurt in the end. Now I'm a happy owner with resale SVV Bella and SBP, and resale MVC Ko Olina.
     
    Iggyearl likes this.
  22. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    This isn't what one would normally consider a deedback. This is a deed in lieu of foreclosure. Somewhat different, and won't work for someone that owns a week free and clear.
     

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