- Joined
- Sep 14, 2007
- Messages
- 2,655
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Just finalized my deed back to the Presidential Resort in VA. It was horrible. This was the process so others may benefit from the experience.
Conditions:
No loan on the deed.
Maintenance fees around $550 a year
No trading ability through RCI as the phase we purchased allowed use of campers, and camper grounds.
1. Wrote and called to request deed back. > They refused in writing and verbally
2. Contacted a lawyer who advised me to > Do not pay it, wait for it to default, and find out who the lawyer is representing them.
3. After 1 yr, get contact from their lawyer, give information to my lawyer, who contacted them to work out payment of default under the conditions that they would accept the deed back.
4. After another 6 months of back and forth, the lawyer and resort was willing to take the deed and we signed notary paperwork to finalize the transaction.
The entire process took 20 months and the lawyer was free through Hyatt Legal with my job.
Conditions:
No loan on the deed.
Maintenance fees around $550 a year
No trading ability through RCI as the phase we purchased allowed use of campers, and camper grounds.
1. Wrote and called to request deed back. > They refused in writing and verbally
2. Contacted a lawyer who advised me to > Do not pay it, wait for it to default, and find out who the lawyer is representing them.
3. After 1 yr, get contact from their lawyer, give information to my lawyer, who contacted them to work out payment of default under the conditions that they would accept the deed back.
4. After another 6 months of back and forth, the lawyer and resort was willing to take the deed and we signed notary paperwork to finalize the transaction.
The entire process took 20 months and the lawyer was free through Hyatt Legal with my job.