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Aarrrgghh--what would you do?

toocherie

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I "bought" a unit off ebay. Everything was great, until it turned out that the owner had already banked the 2009 use year -- so that is not available to me. However, the time share closing company indicates that they can transfer title anyway and would make me a reservation for a chosen week later in the year at "my" resort at their expense. I would be giving up the right to "bank" the 2009 UY myself and change my week, go elsewhere, etc.

I'm going back and forth on whether to cancel or go through with the purchase.

What would you experienced folks do?
 

Kozman

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I "bought" a unit off ebay. Everything was great, until it turned out that the owner had already banked the 2009 use year -- so that is not available to me. However, the time share closing company indicates that they can transfer title anyway and would make me a reservation for a chosen week later in the year at "my" resort at their expense. I would be giving up the right to "bank" the 2009 UY myself and change my week, go elsewhere, etc.

I'm going back and forth on whether to cancel or go through with the purchase.

What would you experienced folks do?
At least in the past, the owner could transfer the banked week to your RCI account for a fee. Have the closing company request the owner to do so as part of the closing requirement.
 

wackymother

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Honestly, if I wanted the week, I would just let them reserve me a week at their expense, as they've offered, and complete the purchase.

If you're looking for a way out of the purchase, this seems like a legitimate reason to back out. But if you like the week and like the resort and want it, what's one year?
 

Bill4728

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Personally, If I was happy with the purchase other than not getting the 2009 week, I'd forget about it and make the seller pay the 2009 MFs associated with the 2009 week. Then I'd start to think about 2010.
 

toocherie

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Do I need to have a concern that by the current owner using the "banked" week that if some liability occurs from use of that week (damage to other unit, etc.) that I am liable since it was a "banked" week from my ownership (if that makes sense)? I am being told by the closing company that once a week is "banked" that it no longer is tied to the ownership because it becomes the property of the exchange company. Is this right?
 

DeniseM

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Do I need to have a concern that by the current owner using the "banked" week that if some liability occurs from use of that week (damage to other unit, etc.) that I am liable since it was a "banked" week from my ownership (if that makes sense)? I am being told by the closing company that once a week is "banked" that it no longer is tied to the ownership because it becomes the property of the exchange company. Is this right?
That is correct.
 

toocherie

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Thanks everyone--based on your responses (which I appreciate) I have told them to go ahead and close. My sense was that it would be ok too--I was just concerned about the liability issue.
 

NJDave

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I would be giving up the right to "bank" the 2009 UY myself and change my week, go elsewhere, etc.
You still may be able to change the week at a later point by paying another exchange fee. You can call the exchange company to find out your options or we may be able to tell you if you let us know which exchange company you are using.
 

Garnet

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Indicated above, thought I would reiterate...Booking now for 2009 may not be a great week. If you don't have to pay the mf for the 2009-I might not do it. I travel almost only high demand times due to school age kids. I might wait until 2010 and get the closing co to book you a really goood week.
 
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