Warning to the Remaining SouthCape Week OWNERS
It makes zero cents (but lots of dollars for Festiva, not for you) to pay Festiva (plus give them the deed to your SouthCape week) for the dubious privilege of turning your deeded week at SouthCape into Festiva points, points that MIGHT be useable at one of the very few, very uninterestingly located other Festiva resorts WHEN YOU IN FACT WANT TO GO THERE.
At SouthCape Festiva purchased primarily off-season weeks, weeks no one else wanted. No doubt the weeks they are foreclosing on are also primarily off-season weeks; someone with a prime week would not let Festive foreclose to avoid paying $525. Thus what they have to offer their members who want to use Festiva points to visit SouthCape is primarily weeks when no one else wants to be there.
In all likelihood it's the same at the rest of the Festiva resorts.
You know what you have. You know that you can arrange to trade it for any of very many time share weeks, often in places that are far better maintained, and at least as well located, as SouthCape is, via one of the time share trading services, for a fairly nominal cost, and, after the trade, you still own your week at SouthCape for years to come (the "Master Deed" eventually runs out, but "eventually" has not arrived yet).
If you are thinking of paying Festiva for the right to give them your money plus your deed in exchange for Festiva points, no matter how many, think again.
It makes zero cents (but lots of dollars for Festiva, not for you) to pay Festiva (plus give them the deed to your SouthCape week) for the dubious privilege of turning your deeded week at SouthCape into Festiva points, points that MIGHT be useable at one of the very few, very uninterestingly located other Festiva resorts WHEN YOU IN FACT WANT TO GO THERE.
At SouthCape Festiva purchased primarily off-season weeks, weeks no one else wanted. No doubt the weeks they are foreclosing on are also primarily off-season weeks; someone with a prime week would not let Festive foreclose to avoid paying $525. Thus what they have to offer their members who want to use Festiva points to visit SouthCape is primarily weeks when no one else wants to be there.
In all likelihood it's the same at the rest of the Festiva resorts.
You know what you have. You know that you can arrange to trade it for any of very many time share weeks, often in places that are far better maintained, and at least as well located, as SouthCape is, via one of the time share trading services, for a fairly nominal cost, and, after the trade, you still own your week at SouthCape for years to come (the "Master Deed" eventually runs out, but "eventually" has not arrived yet).
If you are thinking of paying Festiva for the right to give them your money plus your deed in exchange for Festiva points, no matter how many, think again.