Capital Vacations gives weeks back to Fort Lauderdale Beach Resort

[BM243923]

When Capital Vacations took over the management of the Fort Lauderdale Beach resort they were given 500 weeks to start their club.

I was checking the Broward County Records today and saw a transfer of 269 weeks from Capital Vacations given back to Fort Lauderdale Beach Resort.

Not sure what that is all about.

Capital was dropped at the management company of the resort 2 years ago.

 

[theo]

Deed transfer from one owner to another necessarily requires "acceptance" by the grantee. That being so, in referencing 269 weeks being "given back" to Fort Lauderdale Beach Resort by Capital Vacations, are you saying that you saw officially recorded deeds reflecting transfer of 269 deeded weeks back to FLBR?

It's understandable that CV would not want to continue paying maintenance fees for weeks that are perhaps not being claimed / used by members of their (...useless?) "Internal Points Club", but why would your HOA willingly take back 269 weeks that were clearly "non-performing" before being taken by CV a few years ago?

 

[BM243923]

Deed transfer from one owner to another necessarily requires "acceptance" by the grantee. That being so, in referencing 269 weeks being "given back" to Fort Lauderdale Beach Resort by Capital Vacations, are you saying that you saw recorded deeds reflecting transfer of 269 deeded weeks back to FLBR?

It's understandable that CV would not want to keep taking mf responsibility for weeks that are perhaps not being claimed / used by members of their (...useless?) "Points Club", but why would your HOA willingly take back 269 weeks that were clearly "non-performing" weeks before being taken over by CV?

Theo

The deed was created by the Fort Lauderdale Beach Resort.

The weeks given back are for all 52 weeks so there are good weeks included in this transfer.

In our resort minutes of a recent board meeting it mentioned they had not been paying their maintenance fee obligations.

 

[theo]

In our resort minutes of a recent board meeting it mentioned they had not been paying their maintenance fee obligations.

No surprise there --- and certainly not the first instance of CV failing to meet their financial obligations for weeks they willingly acquired at other "Legacy" resorts.

 

[bizaro86]

Deed transfer from one owner to another necessarily requires "acceptance" by the grantee. That being so, in referencing 269 weeks being "given back" to Fort Lauderdale Beach Resort by Capital Vacations, are you saying that you saw officially recorded deeds reflecting transfer of 269 deeded weeks back to FLBR?

It's understandable that CV would not want to continue paying maintenance fees for weeks that are perhaps not being claimed / used by members of their (...useless?) "Internal Points Club", but why would your HOA willingly take back 269 weeks that were clearly "non-performing" before being taken by CV a few years ago?

Being rid of CV might be worth it to take the weeks back...