2012 MF's

[OutAndAbout]

Still a work in progress

(Taxes are a straight average of the seasons)

Resort				Unit	Op Fee'12	Res'12	Tax'12	Otr'12	Tot'12		Op Fee'11	Res'11	Tax'11	Otr'11	Tot'11
Aruba_OceanClub			1br	  796.14	273.78			1,069.92	  788.44	261.13			1,049.57
Aruba_OceanClub			2br	1,055.80	370.39			1,426.19 	1,049.94	352.23			1,402.17
Aruba_SurfClub			1br	1,108.76	265.10			1,373.86 	1,036.22	153.24			1,189.46
Aruba_SurfClub			2br	1,486.95	376.38			1,863.33	1,384.83	217.55			1,602.38
AZ_Phoenix_DesertRidge		2br	  705.00	255.02	 39.38		  999.40	  669.86	242.88	  40.05		  952.79
CA_LakeTahoe_TimberLodge	1br	  626.90	186.37			  813.27	  615.27	177.01			  792.28
CA_LakeTahoe_TimberLodge	2br	  768.66	278.38			1,047.04	  749.86	264.39			1,014.25
CA_LakeTahoe_TimberLodge	3br	  934.05	385.72			1,319.77	  906.86	366.34			1,273.20
CA_Newport_NewportCoast		2br	  704.48	197.34			  901.82	  714.54	163.20			  877.74
CA_PalmDesert_DesertVillasI	2br	  755.49	470.29			1,225.78	  617.45	447.90			1,065.35
CA_PalmDesert_DesertVillasII	2br	  667.54	348.94			1,016.48	  646.50	304.22			  950.72
CA_PalmDesert_ShadowRidge	lockoffs  279.30	65.64			  344.94	  268.39	56.47			  324.86
CA_PalmDesert_ShadowRidge	1br	  540.84	131.29			  672.13	  519.21	112.93			  632.14
CA_PalmDesert_ShadowRidge	2br	  820.14	196.93			1,017.07	  787.60	169.40			  957.00
CA_PalmDesert_ShadowRidge	2br-new	  818.86	196.93			1,015.79	  786.32	169.40			  955.72
CA_PalmDesert_ShadowRidge	2br-dlx	  831.74	196.93			1,028.67   	  799.05	169.40			  968.45
CO_Breckenridge_MountainValley	Studio										
CO_Breckenridge_MountainValley	1br										
CO-Vail_StreamSide										
FL_FortLauderdale_BeachPlace	2br	  716.82	288.00	 39.67	  34.45	1,044.49	  674.67	254.00	  58.68	  33.56	  987.35
FL_MarcoIsland_CrystalShores	2br	1,308.17	252.96	 49.87	-158.95	1,611.00	1,255.45	229.97	  74.17	-206.46	1,559.59
FL_MarcoIsland_CrystalShores	3br	1,911.98	369.74	 63.69	-232.33	2,345.41	1,834.96	336.13	 112.06	-301.76	2,283.15
FL_Miami_Doral			2br	  850.75	195.00	 90.58	  34.45	1,136.33	  850.75	195.00	  90.58	  33.56	1,136.33
FL_Orlando_CypressHarbour	2br	  634.29	285.00	 87.44		1,006.73	  608.04	272.00	  76.03		  956.07
FL_Orlando_GrandeVista		1br	  408.32	140.93	 76.65		  625.90	  416.59	135.71	  99.26	  33.56	  651.56
FL_Orlando_GrandeVista		2br	  598.68	206.61	123.73		  929.02	  610.75	198.96	 125.78	  33.56	  935.49
FL_Orlando_GrandeVista		3br	  789.91	272.61	136.16		1,198.68	  805.82	262.52	 156.83	  33.56	1,225.17
FL_Orlando_HarborLake		2br	  663.38	212.00	 98.95		  974.33	  647.38	197.00	 114.94		  959.32
FL_Orlando_ImperialPalm		3br	  789.47	342.11	109.41		1,240.99	  765.72	327.38	 107.42		1,200.52
FL_Orlando_LakeshoreReserve	2br-T						1,214.91	  208.35	120.20		-432.20	1,543.46
FL_Orlando_LakeshoreReserve	2br-D						1,285.46	  220.45	127.18		-457.30	1,633.09
FL_Orlando_LakeshoreReserve	3br				 		1,653.95	  283.64	163.63		-588.38	2,101.22
FL_Orlando_RoyalPalms		2br	  660.62	319.30	 82.44		1,062.36	  630.51	310.00	 104.71		1,045.22
FL_Orlando_SabalPalms		2br	  647.24	325.00	 85.04		1,057.28	  614.27	320.00	 109.31		1,043.58
FL_PalmBeach_OceanaPalms	2br	1,196.44	250.72	116.32		1,563.48	1,005.13	210.00	 300.48		1,515.61
FL_PalmBeach_OceanPointe	2br	  795.56	260.67	232.47		1,288.70	  794.43	248.27	 232.47	  33.56	1,275.17
FL_PalmBeach_OceanPointe	3br	  957.41	313.71	329.93		1,601.05	  955.74	298.68	 329.93	  33.56	1,584.35
FL_PanamaCity_LegendsEdge	2br	  796.13	226.73	 88.08		1,110.94	  815.61	206.00	  89.34	  33.56	1,110.95

PS: If anyone has a suggestion on a better way to post this, I'm all ears!!

 

[glenns]

Lakeshore Reserve

2011 Two Bedroom Platinum


2011 Reserve.............. $208.35
2011 Developer Subsidy... ($432.20)
2011 Operating Fee....... $1213.95
2011 Property Tax......... $120.20
===========================
2011 Total............... $1110.30

2012 Two Bedroom Platinum


2012 Reserve.............. $221.88
2012 Developer Subsidy... ($368.91)
2012 Operating Fee....... $1250.21
2012 Property Tax......... $102.08
===========================
2012 Total............... $1205.26

 

[Pens_Fan]

Still a work in progress

(Taxes are a straight average of the seasons)

Resort				Unit	Op Fee'12	Res'12	Tax'12	Otr'12	Tot'12		Op Fee'11	Res'11	Tax'11	Otr'11	Tot'11
Aruba_OceanClub			1br	  796.14	273.78			1,069.92	  788.44	261.13			1,049.57
Aruba_OceanClub			2br	1,055.80	370.39			1,426.19 	1,049.94	352.23			1,402.17
Aruba_SurfClub			1br	1,108.76	265.10			1,373.86 	1,036.22	153.24			1,189.46
Aruba_SurfClub			2br	1,486.95	376.38			1,863.33	1,384.83	217.55			1,602.38
AZ_Phoenix_DesertRidge		2br	  705.00	255.02	 39.38		  999.40	  669.86	242.88	  40.05		  952.79
CA_LakeTahoe_TimberLodge	1br	  626.90	186.37			  813.27	  615.27	177.01			  792.28
CA_LakeTahoe_TimberLodge	2br	  768.66	278.38			1,047.04	  749.86	264.39			1,014.25
CA_LakeTahoe_TimberLodge	3br	  934.05	385.72			1,319.77	  906.86	366.34			1,273.20
CA_Newport_NewportCoast		2br	  704.48	197.34			  901.82	  714.54	163.20			  877.74
CA_PalmDesert_DesertVillasI	2br	  755.49	470.29			1,225.78	  617.45	447.90			1,065.35
CA_PalmDesert_DesertVillasII	2br	  667.54	348.94			1,016.48	  646.50	304.22			  950.72
CA_PalmDesert_ShadowRidge	lockoffs  279.30	65.64			  344.94	  268.39	56.47			  324.86
CA_PalmDesert_ShadowRidge	1br	  540.84	131.29			  672.13	  519.21	112.93			  632.14
CA_PalmDesert_ShadowRidge	2br	  820.14	196.93			1,017.07	  787.60	169.40			  957.00
CA_PalmDesert_ShadowRidge	2br-new	  818.86	196.93			1,015.79	  786.32	169.40			  955.72
CA_PalmDesert_ShadowRidge	2br-dlx	  831.74	196.93			1,028.67   	  799.05	169.40			  968.45
CO_Breckenridge_MountainValley	Studio										
CO_Breckenridge_MountainValley	1br										
CO-Vail_StreamSide										
FL_FortLauderdale_BeachPlace	2br	  716.82	288.00	 39.67	  34.45	1,044.49	  674.67	254.00	  58.68	  33.56	  987.35
FL_MarcoIsland_CrystalShores	2br	1,308.17	252.96	 49.87	-158.95	1,611.00	1,255.45	229.97	  74.17	-206.46	1,559.59
FL_MarcoIsland_CrystalShores	3br	1,911.98	369.74	 63.69	-232.33	2,345.41	1,834.96	336.13	 112.06	-301.76	2,283.15
FL_Miami_Doral			2br	  850.75	195.00	 90.58	  34.45	1,136.33	  850.75	195.00	  90.58	  33.56	1,136.33
FL_Orlando_CypressHarbour	2br	  634.29	285.00	 87.44		1,006.73	  608.04	272.00	  76.03		  956.07
FL_Orlando_GrandeVista		1br	  408.32	140.93	 76.65		  625.90	  416.59	135.71	  99.26	  33.56	  651.56
FL_Orlando_GrandeVista		2br	  598.68	206.61	123.73		  929.02	  610.75	198.96	 125.78	  33.56	  935.49
FL_Orlando_GrandeVista		3br	  789.91	272.61	136.16		1,198.68	  805.82	262.52	 156.83	  33.56	1,225.17
FL_Orlando_HarborLake		2br	  663.38	212.00	 98.95		  974.33	  647.38	197.00	 114.94		  959.32
FL_Orlando_ImperialPalm		3br	  789.47	342.11	109.41		1,240.99	  765.72	327.38	 107.42		1,200.52
FL_Orlando_LakeshoreReserve	2br-T						1,214.91	  208.35	120.20		-432.20	1,543.46
FL_Orlando_LakeshoreReserve	2br-D						1,285.46	  220.45	127.18		-457.30	1,633.09
FL_Orlando_LakeshoreReserve	3br				 		1,653.95	  283.64	163.63		-588.38	2,101.22
FL_Orlando_RoyalPalms		2br	  660.62	319.30	 82.44		1,062.36	  630.51	310.00	 104.71		1,045.22
FL_Orlando_SabalPalms		2br	  647.24	325.00	 85.04		1,057.28	  614.27	320.00	 109.31		1,043.58
FL_PalmBeach_OceanaPalms	2br	1,196.44	250.72	116.32		1,563.48	1,005.13	210.00	 300.48		1,515.61
FL_PalmBeach_OceanPointe	2br	  795.56	260.67	232.47		1,288.70	  794.43	248.27	 232.47	  33.56	1,275.17
FL_PalmBeach_OceanPointe	3br	  957.41	313.71	329.93		1,601.05	  955.74	298.68	 329.93	  33.56	1,584.35
FL_PanamaCity_LegendsEdge	2br	  796.13	226.73	 88.08		1,110.94	  815.61	206.00	  89.34	  33.56	1,110.95

PS: If anyone has a suggestion on a better way to post this, I'm all ears!!

I think your Aruba Surf Club numbers should be for 2 & 3 bedroom, not 1 & 2.

 

[OutAndAbout]

I think your Aruba Surf Club numbers should be for 2 & 3 bedroom, not 1 & 2.

You are correct. For some reason it's not letting me edit my post..

 

[dioxide45]

You are correct. For some reason it's not letting me edit my post..

You are too late to edit it. I think you can only edit a post for the first 48 hours. We won't bring up the reason why.

 

[TheTimeTraveler]

You are too late to edit it. I think you can only edit a post for the first 48 hours. We won't bring up the reason why.

Isn't it called the "Perry Solution" ?:rofl:





.

 

[Pens_Fan]

I think it rips a hole in the space/time continuum if you are allowed to go into the past and alter it to suit your needs.

 

[SueDonJ]

I think it rips a hole in the space/time continuum if you are allowed to go into the past and alter it to suit your needs.

Perry has no idea how much damage he inflicted on us OCD spelling and grammar freaks.

 

[ironweed]

Non-Payment of MF ??

Can anyone tell me exactly what happens if you do not pay your annual MF ??

 

[dioxide45]

Can anyone tell me exactly what happens if you do not pay your annual MF ??

First there will be a late charge added, and then daily interest at the tune of 18% a year. I am sure there will be some collection calls from Marriott. Marriott will then file a lien at some point, I have noticed from recording records that this happens around May or June. Further non payment will lead to foreclosure actions being taken.

 

[lll1929]

My sister hasn't paid her MF for 2011 and there was a lein charge $175 added to her acct in apr 2011. There was also a $25 late fee added in jan 2011.

There are also interest fees added monthly totaling $16.51 a month.

At this point, they haven't foreclosed her week.

She has a loan and pays it montly ontime so Marriott Finance will not foreclose since the loan is current.

She can't use the weeks and once the loan s paid off, she will automaticaly go into foreclose if the maint fee's aren't current.

 

[Superchief]

2012 Operating Fee: $1,149.39
2012 Reserve Fee: $250.72
2012 Property Tax: $114.97
Total: $1,515.08

I think last year's total fee was somewhere around $1,450.

Oceana Palms
The operating fee plus reserve increased by 15.2% this year, after a 22% increase last year. Overall fees increased by 4.4% due to a significant reduction in property tax (which I believe were overcharged for the 2 previous years.

I am becoming greatly concerned that the majority trust ownership at this resort will result in weeks owners absorbing more than their fair share of operating and reserve expenses. Weeks owners will never have an equal representation on the board to keep expenses in check.

 

[dioxide45]

My sister hasn't paid her MF for 2011 and there was a lein charge $175 added to her acct in apr 2011. There was also a $25 late fee added in jan 2011.

There are also interest fees added monthly totaling $16.51 a month.

At this point, they haven't foreclosed her week.

She has a loan and pays it montly ontime so Marriott Finance will not foreclose since the loan is current.

She can't use the weeks and once the loan s paid off, she will automaticaly go into foreclose if the maint fee's aren't current.

Of course Marriott doesn't want to foreclose now. They placed a lien on the property for the HOA fees. That lien become first lien ahead of their mortgage. If they foreclose, those MFs will be paid. Given recent resale prices it is very likely that they would be out most if not all of their money on that mortgage. So this is a situation where Marriott is taking (or not taking) action that is detrimental to the owners but in Marriott's best interest.

The owners have to carry the burden of those unpaid fees as long as Marriott keeps getting their loan payments. This is a situation where the HOA should be pushing Marriott to start foreclosure action on the HOA fees or taking that action on their own if they can.

 

[OutAndAbout]

My sister hasn't paid her MF for 2011 and there was a lein charge $175 added to her acct in apr 2011. There was also a $25 late fee added in jan 2011.

There are also interest fees added monthly totaling $16.51 a month.

At this point, they haven't foreclosed her week.

She has a loan and pays it montly ontime so Marriott Finance will not foreclose since the loan is current.

She can't use the weeks and once the loan s paid off, she will automaticaly go into foreclose if the maint fee's aren't current.

The owners have to carry the burden of those unpaid fees as long as Marriott keeps getting their loan payments. This is a situation where the HOA should be pushing Marriott to start foreclosure action on the HOA fees or taking that action on their own if they can.

dioxide45 points out Marriott's M.O., but I have to wonder the M.O. of the owner that doesn't pay the maint fees. Why pay your loan and ignore the maint fees? Since you don't pay your maint fees you can't use the week and once you pay off the loan the week will be foreclosed on, so why not just stop paying it all now?

I understand they won't have a loan default on the credit report, but won't the unpaid maint fees negatively impact their credit report? Even if that's the case it seems like a lot to pay to keep the credit report less-soiled.

 

[lll1929]

I understand they won't have a loan default on the credit report, but won't the unpaid maint fees negatively impact their credit report? Even if that's the case it seems like a lot to pay to keep the credit report less-soiled.

I totally agree that they should stop paying their loan instead of wasting sooo much money a year. Unfortunately, they are trying to re-locate to a new state and purchase a home. I hope they will do something about their timeshare after they relocate.

At this point, the unpaid MFs has not been reported on their credit

 

[dioxide45]

dioxide45 points out Marriott's M.O., but I have to wonder the M.O. of the owner that doesn't pay the maint fees. Why pay your loan and ignore the maint fees? Since you don't pay your maint fees you can't use the week and once you pay off the loan the week will be foreclosed on, so why not just stop paying it all now?

I understand they won't have a loan default on the credit report, but won't the unpaid maint fees negatively impact their credit report? Even if that's the case it seems like a lot to pay to keep the credit report less-soiled.

I don't think that the delinquent MFs hit a credit report unless they sell the debt to a collector. The foreclosure would hit the report when complete. It seems that to this point almost a year later, delinquent MFs haven't hit their credit report. There would be no doubt that the loan payment would hit as soon as it is 30 days late.

 

[stive1]

Branson

Sorry if I missed it....does anyone know the 2012 fee's for Branson?

 

[SueDonJ]

Sorry if I missed it....does anyone know the 2012 fee's for Branson?

Here's the budget report from Willow Ridge. (You may have to sign in to your my-vacationclub.com account to access it.)

2012
Operating and Reserves Fee - $854.65
Property Tax - $23.35
$878.00 TOTAL

(Plus $34.50 International Owners Surcharge)

2011 Total - $815.00

 

[MALC9990]

Son Antem

MFs for 2012

2Br - €813.62

3Br - €930.30

3% increase over 2011

 

[PamMo]

Marbella 2012 MF's

Marbella Beach Resort MF's for 2012

1BR - EUR 718.42
2BR - EUR 838.08
3BR - EUR 957.80

 

[MALC9990]

Playa Andaluz 2012 MFs

2 Br.- €893.67

3 Br. - €1005.59

2.36% increase

 

[MALC9990]

Phuket Beach Club 2012 MFs

2 Br. - Baht 28,965.55

2.84% increase

MFs are in Thai Baht.

 

[davewasbaloo]

Ile de France

I was quite relieved, though after seeing MALC's posts, wished we bought in Spain now

2 bedroom unit in Ile De France

Operating fee: Euro 995.05 $1296
Replacement fee Euro 108.13 (included in Operating fee) $140.84
Property taxes Euro 53.95 $70.26
Total fee Euro 1034.86 $1347.14

There is no longer an MVCI subsidy.

this all accounts for a 3.44% rise, which I did not think was too bad considering inflation has been at 5.6% in the UK.

Still a bargain compared to Disneyland Paris Hotel prices and it is the best accommodation in the region IMHO.

 

[MALC9990]

I was quite relieved, though after seeing MALC's posts, wished we bought in Spain now

2 bedroom unit in Ile De France

Operating fee: Euro 995.05 $1296
Replacement fee Euro 108.13 (included in Operating fee) $140.84
Property taxes Euro 53.95 $70.26
Total fee Euro 1034.86 $1347.14

There is no longer an MVCI subsidy.

this all accounts for a 3.44% rise, which I did not think was too bad considering inflation has been at 5.6% in the UK.

Still a bargain compared to Disneyland Paris Hotel prices and it is the best accommodation in the region IMHO.

It does seem that Paris is more expensive than the Spanish resorts but I would guess that can be accounted for by the fact that it is France and near Paris so costs such as salaries and wages are probably a lot higher. Also the Son Antem total costs are spread across 11536 unit weeks.

If I break my Son Antem costs down as you have done for Paris then they are as follows:

Operating Fee: Euro 657.28
Replacement fee: Euro 97.71 (this appears as Reserve for Replacement).
Property Taxes: Euro 11.60
Total Fee Euro 766.59
Other revenue Euro (13.24) - Income to offset MFs
Total Net MFs Euro 753.35
IVA 8% Euro 60.27 - Value Added Tax

Total to Pay Euro 813.62

So the big difference is in the Operating fee which can probably be accounted for by the fact that staff costs will be much higher in France than is Spain.

Since the single biggest line item in the Son Antem 2012 Budget is for Housekeeping it would suggest that in Paris this line item is even more of a significant cost driver.

One line item in the Son Antem Budget is very interesting - Provision for Bad Debt - ZERO.

 

[davewasbaloo]

That is a very good point Malcolm, being so close to Paris probably is a big driver of cost indeed. Also, I think there is more bureaucracy and therefore cost in France than Spain too. I suppose we make up the difference in that driving to Ile De France and using Tesco points for the channel tunnel is cheaper than 4 flights to Majorca. lol

Paris alos has 0 next to bad debt provision as well. Interesting stuff.