Someone who owns there said there had been a vote already on what is to happen-any information here on the resort?
Thanks
Anita
What are you talking about?
Pretty sure he's talking about the possibility that Foxrun will cease to be a timeshare in I think it's 2020. I'm quite concerned also as this is my best trader.
What happens to the timeshare owners and their ownership?
If I understand it correctly, everyone gets bought out and is left with no timeshare. Foxrun has consistently been my best trader. I'll be bummed if I have to figure out another trader to replace it.
Contact FoxRun
180 Herman Wilson Road
Lake Lure, NC 28746
T - 828.625.0097
F - 828.625.0049
Jeanette Elliott, General Manager
I am a Foxrun owner. I emailed someone on the board. He said that the HOA board is aware and in discussion. It is the board's opinion that the vast majority of owners will vote to continue the timeshare. He said that it will up for renewal every 10 years thereafter.
Deb
Did you know Wyndham points owns a sizable number of weeks? And the have no vote, as voted on by the HOA back in the 80's when they left Wyndham. Lots of ownership from the greater Cincinnat, tri-state area
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this would not be listed in the deed, but instead in the Covenants, Conditions, and Restrictions (CC&Rs)
while im sure original owners would have at one time gotten a copy of this, i doubt its provided to resale owners (but who knows).
the HOA should have this made available to any owner who requests it though, and it may be available online somewhere.
That's that I was told when I owned it. I believe it was a fellow named Ketchum, but that was ages ago.
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It may be that there is a separate association for Wyndham Owners and others, and then a master association that allows the two associations to get together on common areas.
And Bluegreen owns units here as well!
this would not be listed in the deed, but instead in the Covenants, Conditions, and Restrictions (CC&Rs)
I bought my unit resale and was never advised of any such clause, and it is not in my deed. Is this is writing anywhere? - Jacki
Timeshare termination language resides in the underlying CC&R or "Declaration" documents, prepared and filed (and officially recorded) when a property is first built.
A properly prepared deed will refer to the specific recorded location (i.e., the book and pages in County records) of those original CC&R's, but no deed will actually repeat the entire contents of the underlying CC&R's (often 75 or more pages in total).
I dare say that relatively few people at most timeshare facilities even know that any such termination language exists at all in the first place, let alone later inform or "advise" other subsequent resale buyers. Even if known, there is no actual obligation to relay that information to subsequent buyers. After all, the information is already spelled out in great detail and is already a matter of public record in the underlying, officially recorded CC&R's referenced within any properly prepared deed.