When I owned at The Colonies and at VV Williamsburg, I saw in the budgets that the delinquency rate was around 15% - despite those being decent trading weeks in Interval, that prompted me to divest those weeks to someone else wanting to use them for exchanges.
In addition to many owners wanting out and making postings, I am wondering if VV didn't also get hit by some sort of Viking ship (illegitimate entity taking on deeds for cash and not paying MFs.) Maybe it was just lax oversight of past individual transfers.
The discussion here is making me think back to
the thread @TUGBrian started about 1.5 years ago after LT transfers flagged a bunch of new scrutiny on transfers by DailyManagement.
I also own a prime summer week at the Colonies and have enjoyed trading it in II and RCI. But the D-I-V-O-R-C-E between VV and Massanutten had me thinking about reducing my VV ownerships (also have an RCI Points Grandview EOY) before I learned the news from this thread.
I always trade my summer week at the Colonies, but I often do internal VV exchanges to stay there Thanksgiving and other off-peak times. I have found the Colonies to be relatively well managed and helpful staff at the location. DailyManagement has been a little more difficult. It often takes them a week or longer to verify a deposit with an exchange company, and I have heard several reports of them taking a lot of time to transfer ownerships.
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