Bethel Inn no longer an RCI Member? No longer a timeshare property?

[escanoe]

I think we need to hire an Attorney to review the Timeshare Ownership Agreement. I'm particularly interested in number 9 on the second page. It reads;
"9. Termination of Condominium. In the event the Condominium is terminated, the Resort shall from proceeds derived from any sale of the Condominium property distribute such sums as are fair and just to the Timeshare Owner in full liquidation of Timeshare Owner's Timeshare pursuant to the provisions of the Condominium Documents." Any thoughts?

I know nothing about the particulars here. But if the developer/owner is flagrantly breaching their contract with RCI as it appears they likely are -- I would say it is worth checking out if they are meeting their obligations to unit owners.

 

[bnoble]

RCI is currently suing the Bethel Inn for breach of contract. Apparently their agreement ran through 2025

I don't have a dog in this fight. But if I owned here, this is what would be going through my mind:

Even if somehow RCI prevails in this suit and forces the new ownership to honor the RCI contract, it's fairly obvious that the affiliation agreement is not going to be renewed after 2025. And, if that happens, the current management will not be required to honor deposits, and it is also likely that they won't. So, the writing is on the wall, and it's less than two years away.

This is also a seasonal destination, with some very quiet weeks after leaf-peeping is over but before skiing starts, and after skiing ends but before golf is realistic. I would not be surprised to hear that a lot of those mud-season weeks are in default, and therefore have voting interests not contributing to quorum and/or controlled by the management company. Add to that the claim that the golf course is going the way of the dodo bird, which is going to make those summer weeks less compelling, which will push more weeks into default.

If this is an owner-controlled resort, you have some hope of getting at least the affiliation agreement changed. But, if it is not, it is VERY HARD to vote out current management--particularly if current management controls the voting interests of weeks in default. Even if that's not the case, most owners are apathetic and barely likely to open the proxy letter, let alone vote it in a way other than recommended by management.

Finally, it does not sound like the new ownership is looking to redevelop the property--which would afford some sort of payout to owners in good standing. At least, it does not sound like that is happening anytime soon. They haven't terminated the condominium plan, only the affiliation with RCI. That means the prospect of payout in response to termination is doubtful, and if it happens might be years in the future.

So, putting that all together, I'd be looking for the exits. If the current management company was offering to take those deedbacks at no cost, I would take them up on the offer. Yes, I'm getting screwed out of a little value. But better to be screwed a little than screwed a lot, and those seem like the options.

 

[Barnyard]

None of us know who each other is. There are potentially hundreds of time share unit owners. Who said anything about the condominium being terminated?

The way I see it, they are dropping out of RCI, this has or will devalue what you purchased. Tania Paul sent a letter to most if not all of the Owner's and she state that she is so excited to introduce the Timeshare Giveback Program, an opportunity for you to deed back your timeshare, potentially at no cost to you. That sound like extortion to me but if it's not extortion than what is it? Because it's not what I purchased. Let's face it, they have no intention of keeping it as it was. Remember the first thing they did was drop RCI. That was always their intention. I have attached the letter for reference and for anyone who may not have seen it. I'm working on compiling information, seeking legal counsel to see if it's worth pursuing, and if it is, I will compile a list of owners that didn't take advantage of the great opportunity to give back something I paid for and greatly enjoined.

 

[sark47]

I share your concerns about the Bethel Inn. Everyone agrees it is against the law what has been done. I am willing to join a class action law suit against both Allan Conners and Giri Hotels.

 

[sark47]

The way I see it, they are dropping out of RCI, this has or will devalue what you purchased. Tania Paul sent a letter to most if not all of the Owner's and she state that she is so excited to introduce the Timeshare Giveback Program, an opportunity for you to deed back your timeshare, potentially at no cost to you. That sound like extortion to me but if it's not extortion than what is it? Because it's not what I purchased. Let's face it, they have no intention of keeping it as it was. Remember the first thing they did was drop RCI. That was always their intention. I have attached the letter for reference and for anyone who may not have seen it. I'm working on compiling information, seeking legal counsel to see if it's worth pursuing, and if it is, I will compile a list of owners that didn't take advantage of the great opportunity to give back something I paid for and greatly enjoined.

I am with you. I think a class action law suit is the way to go. I figure over 10 million was spent in time share weeks.

 

[Judydrealtor]

I am with you. I think a class action law suit is the way to go. I figure over 10 million was spent in time share weeks.

I totally agree. They keep telling us they will take it back for nothing, what a deal!! This is the same hotel owners in Massachusetts who are charging (extorting) quite a bit of the tax payers Money for border crossers, illegals, what ever you would like to call them. Not starting anything politically. Just find that interesting. with no over sight what so ever. Since Giri took over nothing but bs, and they are rude as heck. It took me almost 15 months to get my deed.

 

[bnoble]

Not starting anything politically.

 

[ATIMESHARE]

I too would be interested in a class action suit. I have spoken to Katie numerous times about my week. Presently they are sending me a Deed Back contract with a $400 administrative fee to get out of my timeshare entirely. I agree that the future does not look good if RCI is presently in lawsuit and scheduled to scheduled to end in 2025. And the golf course is being eliminated then the value of the TS is greatly diminished. The only way to even have a shot is if we band together and even then getting our initial investments back is highly unlikely or a long ways away. I feel like cutting my loss and annual fees may be my best avenue here.

 

[ATIMESHARE]

I share your concerns about the Bethel Inn. Everyone agrees it is against the law what has been done. I am willing to join a class action law suit against both Allan Conners and Giri Hotels.

Is this Jamie? DM me in Messenger please. It’s Andy

 

[leomtodd]

Is anyone aware of a class action that is going on against the Bethel Inn. WE have been a member in good standing in RCIusing the Bethel Inn We have owned at the Bethel Inn for over 20 years!!!!.

 

[ATIMESHARE]

Has anyone been able to get a list of timeshare owners? Is there interest in hiring a lawyer to pursue a case against Giri?

 

[ATIMESHARE]

The way I see it, they are dropping out of RCI, this has or will devalue what you purchased. Tania Paul sent a letter to most if not all of the Owner's and she state that she is so excited to introduce the Timeshare Giveback Program, an opportunity for you to deed back your timeshare, potentially at no cost to you. That sound like extortion to me but if it's not extortion than what is it? Because it's not what I purchased. Let's face it, they have no intention of keeping it as it was. Remember the first thing they did was drop RCI. That was always their intention. I have attached the letter for reference and for anyone who may not have seen it. I'm working on compiling information, seeking legal counsel to see if it's worth pursuing, and if it is, I will compile a list of owners that didn't take advantage of the great opportunity to give back something I paid for and greatly enjoined.

I would like to be contacted if a Class Action Suit is brought against GIRI. Please contact me.

 

[bnoble]

Fair warning: Unless you can convince someone to take this on contingency, suing is probably going to cost you (much) more than your timeshare could possibly be worth.

 

[ATIMESHARE]

Fair warning: Unless you can convince someone to take this on contingency, suing is probably going to cost you (much) more than your timeshare could possibly be worth.

I agree and that’s been my position all along. My lawyer is a big golfer and he originally had interest in the property until he realized the golfing is now gone and the property is treating its owners the way it is. GIRI has offered me a deed back option for a $400 admin fee which I would do.

However, my ex-wife and I are on the deed. We do not speak so my lawyer was going to contact her explaining that I could have him process the deed back with her signature. so I would incur a legal fee as well which again I’m willing to do to take the lesser loss. Presently I am behind 1 year in maintenance fees.

But my lawyer told me today until they actually act on their collections I have nothing to lose to just wait it out. I have great credit. I’m not purchasing any new properties so what are they really going to do to me? They have changed or defaulted the property I originally bought with golf and an RCI exchange. He suggested I keep my money and let them make the first move.

I just tend to overthink these things and want to act first. Any ideas or contact information would be appreciated.

Thanks

 

[bnoble]

When my lawyer gives me advice, I try hard to take it.

 

[ATIMESHARE]

Yes me too but it’s a complex problem and sometimes many heads and ideas trump one lawyers opinion

 

[bnoble]

It's not that complex. You own a deed at a dying resort. But, it appears that the resort is not so far along that path that a liquidation is imminent. If that's right, you only have two realistic options.

Option one: Spend what it takes to get the deed out of your name. It sounds as though it is your lawyer's opinion that you will need to get your ex's consent to make that happen (meaning: your divorce decree did not specifically grant the timeshare to you or to your ex). Then you need to find a willing recipient. Given the circumstances, that is probably the resort at a cost of $400 on top of whatever it takes to get your wife off the deed.

Option two: Ignore it, let it go into default, and allow the resort to (eventually) foreclose. Note that because your ex is still on the deed, they also have the opportunity to be dinged by a credit hit. You might relish that, or you might wish to avoid that. So even if you go Option Two, you might still choose to spend a little to get your ex off it.

You've spent the last five months hoping that there is some lawsuit that will magically solve this problem. I will bet money that it's not going to happen.

There's a chance that the divorce decree solves some of this for you. If a miracle has occurred, it might have even ordered it put it in her name. Might be worth re-reading that.