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Class action against Wyndham

goaliedave

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Iggyearl

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There have been so many suites against timeshare companies. Lying, cheating, failure to disclose. But this one is unique. Wyndham owns the trust and the trust does not work in the best interest of the members. WOW!!!! This is one to watch.
 

raygo123

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I read the first paragraph and thought good luck with that one. All of them could have chosen to buy a deed and drop out of the club.

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goaliedave

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There have been so many suites against timeshare companies. Lying, cheating, failure to disclose. But this one is unique. Wyndham owns the trust and the trust does not work in the best interest of the members. WOW!!!! This is one to watch.
Exactly. An interesting take.

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Baggi

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Sometimes I think these suits are secretly brought on by the timeshare companies.

This way, they can lose, declare bankruptcy, and shut down and we all go to the wayside. Losing our Timeshares in the exchange.

And the companies walk away with all the profits.

Then the same people start new companies. Buy up all the old properties left behind, and sell them all again.

No resales to compete with.
 

Pathways

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Sometimes I think these suits are secretly brought on by the timeshare companies.

This way, they can lose, declare bankruptcy, and shut down and we all go to the wayside. Losing our Timeshares in the exchange.

And the companies walk away with all the profits.

Then the same people start new companies. Buy up all the old properties left behind, and sell them all again.

No resales to compete with.

I'm sorry. And where has this ever happened?
 

CO skier

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Sometimes I think these suits are secretly brought on by the timeshare companies.

This way, they can lose, declare bankruptcy, and shut down and we all go to the wayside. Losing our Timeshares in the exchange.

And the companies walk away with all the profits.

Then the same people start new companies. Buy up all the old properties left behind, and sell them all again.

No resales to compete with.
Sorry, this is total wakko.
 

goaliedave

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Sometimes I think these suits are secretly brought on by the timeshare companies.

This way, they can lose, declare bankruptcy, and shut down and we all go to the wayside. Losing our Timeshares in the exchange.

And the companies walk away with all the profits.

Then the same people start new companies. Buy up all the old properties left behind, and sell them all again.

No resales to compete with.
I'd be interested in more of your thoughts.
Are aliens among us, perhaps on this thread?

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Braindead

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If you want out of your ownership & all owners on your account never want to be able to access or stay at another Wyndham Resort go for it.
Don’t expect any $$ & Ovations probably would’ve still been the best option for you when it’s all said & done.
Anyone involved will be just like the mega renters that were put out of their ownership, you’ll be banned from Wyndham Properties for life.

Other than that it’s just another bill the rest of us owners will pay one way or another.
Do we all want to be tied to our home resorts & have to trade through RCI to go to another Wyndham Resort? I don’t
 
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55plus

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I pointed out years ago that having Wyndham employees on the Board of Directors and controlling the HOAs along with Wyndham Extra Holidays is a conflict of interest. It will be interesting to see how this plays out.
 

tschwa2

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I pointed out years ago that having Wyndham employees on the Board of Directors and controlling the HOAs along with Wyndham Extra Holidays is a conflict of interest. It will be interesting to see how this plays out.
And this violation of fudiciary responsibility takes place in all of the developer controlled resorts. I would imagine that they will argue that having all the benefits that go along with being part of the developer brand and the internal exchange program outweighs the negatives brought about by the bias toward the developer by the board.

Wyndham will not allow themselves to lose this one. They will throw everything they need to at it and if they need to settle by giving money to the class they will without admitting any guilt or changing any of their practices.
 

55plus

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Settling doesn't solve the problem. Nothing says another class action can't follow with another class from a different state.
 

dgalati

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I pointed out years ago that having Wyndham employees on the Board of Directors and controlling the HOAs along with Wyndham Extra Holidays is a conflict of interest. It will be interesting to see how this plays out.
Its like playing cards against someone with a stacked deck of cards. In a casino the odds are always tilted towards the house.
 

raygo123

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The biggest problem I see is that this is an easy one given you have the management agreement and you have the club. I can pull my National Harbor deed from the club by just dropping my points. Those that "chose" to buy into access chose to also be part of the club. It is too bad those who "chose" to take that route didn't take the time to do their do diligence, up to 10 days, during that allotted period. As far as making a profit, the management of the resort and the management of the club, both are permissible due to the fact that a HOA can cancel their management agreement at any time. FoxRun and Sapphire Valley are just two examples.

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55plus

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The biggest problem I see is that this is an easy one given you have the management agreement and you have the club. I can pull my National Harbor deed from the club by just dropping my points. Those that "chose" to buy into access chose to also be part of the club. It is too bad those who "chose" to take that route didn't take the time to do their do diligence, up to 10 days, during that allotted period. As far as making a profit, the management of the resort and the management of the club, both are permissible due to the fact that a HOA can cancel their management agreement at any time. FoxRun and Sapphire Valley are just two examples.

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Wyndham controls the HOAs therefore they would need to cancel themselves. That's a conflict of interest. And Wyndham contracts and policies don't supersede state laws.
 

raygo123

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Wyndham controls the HOAs therefore they would need to cancel themselves. That's a conflict of interest. And Wyndham contracts and policies don't supersede state laws.
That doesn't matter. They were voted into their positions. A group of owners, CWA has chosen to combine their proxies and assigned them to Wyndham. Assign proxies in your name, get enough and be on the board. This is still America!. The put their "trust" into Wyndham.

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dgalati

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That doesn't matter. They were voted into their positions. A group of owners, CWA has chosen to combine their proxies and assigned them to Wyndham. Assign proxies in your name, get enough and be on the board. This is still America!. The put their "trust" into Wyndham.

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House always wins if you sit at a table long enough.
 

55plus

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I was a president on a HOA in Wisconsin years ago. It consisted of two owners and one Wyndham employee from out of New Jersey. Then Wyndham transitioned to one owner and two employees, one resort management employee and one Wyndham employee from New Jersey. That's when the fix was in and the conflict of interest began. At that point it didn't matter what the owners wanted because Wyndham had all the say from that point on. So it makes no difference if you are deeded or CWA, Wyndham took control of the HOAs and the owners now have no say over anything.
 

raygo123

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I was a president on a HOA in Wisconsin years ago. It consisted of two owners and one Wyndham employee from out of New Jersey. Then Wyndham transitioned to one owner and two employees, one resort management employee and one Wyndham employee from New Jersey. That's when the fix was in and the conflict of interest began. At that point it didn't matter what the owners wanted because Wyndham had all the say from that point on. So it makes no difference if you are deeded or CWA, Wyndham took control of the HOAs and the owners now have no say over anything.
Companionate, but not relevant. They simply have the votes. There are thousands and thousands of owners consider at least one a win.

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dgalati

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Companionate, but not relevant. They simply have the votes. There are thousands and thousands of owners consider at least one a win.

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House always wins when the odds are stacked in the houses favor.
 

comicbookman

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one complication is that Wyndham is also the largest owner. That seriously complicates the fiduciary calculations.
 

dgalati

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If you want out of your ownership & all owners on your account never want to be able to access or stay at another Wyndham Resort go for it.
Don’t expect any $$ & Ovations probably would’ve still been the best option for you when it’s all said & done.
Anyone involved will be just like the mega renters that were put out of their ownership, you’ll be banned from Wyndham Properties for life.

Other than that it’s just another bill the rest of us owners will pay one way or another.
Do we all want to be tied to our home resorts & have to trade through RCI to go to another Wyndham Resort? I don’t
The only way around what you are describing is renting from another owner. It gives you many options that may not be available as just a Wyndham owner. Many last minute deals can be had for less then paying or the monthly burden of maintenance fees.
 

Jan M.

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If you want out of your ownership & all owners on your account never want to be able to access or stay at another Wyndham Resort go for it.
Don’t expect any $$ & Ovations probably would’ve still been the best option for you when it’s all said & done.
Anyone involved will be just like the mega renters that were put out of their ownership, you’ll be banned from Wyndham Properties for life.

The only way around what you are describing is renting from another owner. It gives you many options that may not be available as just a Wyndham owner. Many last minute deals can be had for less then paying or the monthly burden of maintenance fees.

From what I was told by several someones in a position to know is that the typical settlement of lawsuits like this means you cannot even stay at a Wyndham resort again, not even as a guest. Also once the suit is filed you should expect that your account will be frozen and your reservations cancelled. Don't expect to come out of it with a a nice sum of money either because it won't be anywhere near what you paid if you bought developer. Wyndham is like any other big company when dealing with lawsuits. They have excellent lawyers, drag things out as long as possible and don't play nice. Braindead is absolutely correct in advising people to be very cautious
 

dgalati

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From what I was told by several someones in a position to know is that the typical settlement of lawsuits like this means you cannot even stay at a Wyndham resort again, not even as a guest. Also once the suit is filed you should expect that your account will be frozen and your reservations cancelled. Don't expect to come out of it with a a nice sum of money either because it won't be anywhere near what you paid if you bought developer. Wyndham is like any other big company when dealing with lawsuits. They have excellent lawyers, drag things out as long as possible and don't play nice. Braindead is absolutely correct in advising people to be very cautious
I wouldn't waste any time suing Wyndham or take part in a class action. The best way to beat them is to not buy developer or resale. I still think @Fredflintstone has a point in buying shares of the company and using the divi to rent over buying and being burdened with maintenance fees.
 
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Fredflintstone

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I wouldn't waste any time suing Wyndham or take part in a class action. The best way to beat them is to not buy developer or resale. I still think @Fredflintstone has a point in buying shares of the company and using the divi to rent over buying and being burdened with maintenance fees.

Think of it this way.

What would you rather do? Be the gambler or be the house collecting the gambler’s losses?

As an investor, I have no resale problem. My cash can be used where I see fit (no points, I go where the deal is best). I have money coming my way through regular dividends versus snacking the credit card to pay MF. If I can’t go on vacation, I don’t need to worry about expiring points. I don’t need to find renters to recapture my MF. If I don’t like a certain policy, I move on. I can call or put my shares. I don’t need memberships, clubs or other gimmicks to book my rental. Finally, I choose which resort I want to go to because I use cash. Cash places me in the drivers seat. Plus, the income from dividends I receive can be used as I please.

Oh, and no locked in contracts. I can get in or out ASAP. No fear of special assessments or rising MFs either. My credit score never takes a hit because I simply can’t default. I just sell.

Cash is still King. That’s why developers want YOUR CASH and give you points. It’s because they can control the points and profit from them.






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