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Deed back to Williamsburg

M

Millisara

TUG Member
Joined
Aug 9, 2010
Messages
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Location
Maryland
I want to "give" my williamsburg plantation resort back to the company, the resort gave me the name of Dumas Gabbriellini. He seems legit. Because it will cost me about 750 I want to be sure..How can i check. Any suggestions,
Thanks
 
Millisara said:
I want to "give" my williamsburg plantation resort back to the company, the resort gave me the name of Dumas Gabbriellini. He seems legit. Because it will cost me about 750 I want to be sure..How can i check. Any suggestions,
Thanks
Click to expand...

Before you do that, could you at least give us the details of your ownership?

What week?
whether is yearly, EOY, ETY?
2bdr or 4bdr?
Maintenance fees?
Whether it was converted to Club interval points?

Maybe someone would be willing to pay for the transfer of the ownership to their name if they had those details, saving your $750.
 
Yes. It is an every other odd white week of upper and lower of williamsburg plantation.I think white is the first 13 weeks of the year. MFs are 335.
 
Millisara said:
I want to "give" my williamsburg plantation resort back to the company, the resort gave me the name of Dumas Gabbriellini. He seems legit. Because it will cost me about 750 I want to be sure..How can i check. Any suggestions,
Thanks
Click to expand...

I don't know this facility, but one important question begs for clarification: who exactly is Dumas Gabbriellini and why exactly does he "seem legit" to you? :confused::shrug::confused:

Is "Dumas" the Board / HOA President? If so, he might well be fully authorized to accept a deed in lieu of foreclosure (a.k.a. "deedback) on behalf of the facility.

However, is "Dumas" a completely non-affiliated entity? It's impossible to tell from just a name, maybe one only provided to you over the phone by a resort desk clerk?
If "Dumas" is not actually affiliated directly with the resort, then you definitely need to be very careful and make very sure that a new deed gets prepared, recorded and then formally accepted by the resort before you hastily fork over 100% of $750.00 that you will surely never see again, while merely hoping that "Dumas" is legit.

P.S. As already implied in post #2 above, you might be able to find a willing recipient for this timeshare by offering it for free (but with much more specific details about unit size, maintenance fees, etc.) in the "Bargain Deals" section here on TUG. Even if you had to pay the closing costs and any applicable transfer fee yourself, it might very well cost you less than $750 out of pocket to relinquish that ownership to a new, legitimate and willing recipient.
 
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If you were to post this for sale on ebay for $1, with a $500 gift card upon successful transfer, I'd be SHOCKED if it didn't "sell".
 
Wow. that is a thought but who would you suggest pay all the transfer costs. and generally how much is that
 
You would need to double check with the resort to see how much they charge.

In terms of preparing and recording a deed and completing resort transfer paperwork, LT transfers could do it for less than $200 or if you are feeling particularly get up and go about it you could do it yourself for less than $40.

Make sure if you are offering an incentive like a prepaid Visa card you specify that the taker doesn't get it before the resort acknowledges the transfer to the new owners name. You can specify in the contract that you will send it to LT upon starting the paperwork but that they would hold it until the transfer is complete.
 
My understanding is that Williamsburg plantation does not have an "ownership transfer fee" or similar fee. But, do call them to double check.

Transfer costs are minimal as already explained by tschwa2.

I suggest trying to "sell" on your own on ebay, or trying to give it away in our "bargains" section, because you would be likely be dealing with a real person who wants your timeshare, not someone who wants to steal your cash.

Williamsburg plantation asks for a copy of the drivers license and SS# of the new owner before recognizing that new owner.

That is how the resort mitigates dealing with "viking ships" (google it). You also need to be aware of those, as the resort may come after you if the transfer is deemed improper somehow.

By being patient and offering a large enough sum (to be paid after successful transfer), you will eventually be rid of you timeshare the right way.
 
If the resort gave OP the name, he is probably legitimate. It should be verified, of course, but my expectation is that he will check out OK.
 
I believe that Dumas works for Williamsburg Plantation.
 
I, too, am an owner at Williamsburg Plantation (and Colonies at Williamsburg). I am also interested in the same so I'll provide additional information. I purchased resale 4BR annual at The Colonies (sister resort) just 3 months ago ($250 transfer fee) so I am looking to turn in my WP unit.

I called Vacation Village to discuss deedback and was referred to Mr Dumas (his email reflects VV address). He's away until 30 Sep, but Kara answered some of my questions. Price for deedback is approximately $750. She verified that WP currently is on the list of deebacks (presume the list is somewhat dynamic). Since I've already paid my 2016 MF, she stated it may be cheaper and it wasn't an issue that already traded my 2016 week on II.

dominidude asked some questions which I'll answer for my timeshare.

What week? 42
whether is yearly, EOY, ETY? ETY -- 2019 next use for any buyer since I've already paid and traded 2016 on II.
According to Bonita--very pleasant corporate sales rep, they stopped selling these weeks ETY.
2bdr or 4bdr? 2br lockoff. One 1BR has K, the other has LK. Believe it's a "Jamestown" unit.
Maintenance fees? For 2015: MF $188.50, taxes $20. For 2016, I paid $200 (presume will have approximately $10 additional when the bill arrives for 2016). Original MF in 2003 was $99. I'm pleased with the slow increase rate of MF.
Whether it was converted to Club interval points? Deeded, not converted.

They let you pay MF in advance (at least 1, maybe 2) and can search more than 1 year in advance. I did this for my 2016 week.

I've never stayed here. Purchased in 2003 with full intent on using for trades. I've been extremely pleased, even though I haven't used the "Place Request" option in II. I simply look for availability and have traded for several 2BR units in US and Mexico (Marriott and Grand Luxxe to name 2).

Process to deedback seems painless. To (over) simplify: Send email. They verify contract with WP, they send "Quit Claim Deed" (or equivalent). I sign. I pay them. They take it back. All the people I talked to were very nice and I'm confident there will be no issues (bracing for incoming negative messages on why I'm confident).

Hope this helps. I'll keep all updated on the process as I go forward. Great unit, but I am looking to purchase another annual TS (Marriott) and don't need this one any more.
 
nitemarie - thank you for the detailed info. Can you provide the email address?
 
nitemaire said:
I, too, am an owner at Williamsburg Plantation (and Colonies at Williamsburg). I am also interested in the same so I'll provide additional information. I purchased resale 4BR annual at The Colonies (sister resort) just 3 months ago ($250 transfer fee) so I am looking to turn in my WP unit.

I called Vacation Village to discuss deedback and was referred to Mr Dumas (his email reflects VV address). He's away until 30 Sep, but Kara answered some of my questions. Price for deedback is approximately $750. She verified that WP currently is on the list of deebacks (presume the list is somewhat dynamic). Since I've already paid my 2016 MF, she stated it may be cheaper and it wasn't an issue that already traded my 2016 week on II.

dominidude asked some questions which I'll answer for my timeshare.

What week? 42
whether is yearly, EOY, ETY? ETY -- 2019 next use for any buyer since I've already paid and traded 2016 on II.
According to Bonita--very pleasant corporate sales rep, they stopped selling these weeks ETY.
2bdr or 4bdr? 2br lockoff. One 1BR has K, the other has LK. Believe it's a "Jamestown" unit.
Maintenance fees? For 2015: MF $188.50, taxes $20. For 2016, I paid $200 (presume will have approximately $10 additional when the bill arrives for 2016). Original MF in 2003 was $99. I'm pleased with the slow increase rate of MF.
Whether it was converted to Club interval points? Deeded, not converted.

They let you pay MF in advance (at least 1, maybe 2) and can search more than 1 year in advance. I did this for my 2016 week.

I've never stayed here. Purchased in 2003 with full intent on using for trades. I've been extremely pleased, even though I haven't used the "Place Request" option in II. I simply look for availability and have traded for several 2BR units in US and Mexico (Marriott and Grand Luxxe to name 2).

Process to deedback seems painless. To (over) simplify: Send email. They verify contract with WP, they send "Quit Claim Deed" (or equivalent). I sign. I pay them. They take it back. All the people I talked to were very nice and I'm confident there will be no issues (bracing for incoming negative messages on why I'm confident).

Hope this helps. I'll keep all updated on the process as I go forward. Great unit, but I am looking to purchase another annual TS (Marriott) and don't need this one any more.
Click to expand...

MF fees for 2015 was only $188.50 and taxes was only $20. Please check your 2015 MF statement.
 
pedro47 said:
MF fees for 2015 was only $188.50 and taxes was only $20. Please check your 2015 MF statement.
Click to expand...

Pedro47, I checked my 2013-2015 MF statements. Same price :whoopie: See below. BTW, my original MFs were $99/yr and taxes were $13)

09/30/2014 2015 Assessments 188.50
09/30/2014 2014 RE Taxes 20.00

Remember it's a triennial so it'll be $625.50 (MF + taxes; excluding II membership and exchange fees) for each use week. I lock-off/lock-out and trade so I get 2 weeks every 3 years. Throw in the 2 ACs that II gives me for depositing and I get 4 weeks every 3 years. It's a great deal IMO; so much so my wife is leaning heavily towards keeping it (we'll see what happens if we go forward considering she has to sign since she's on the deed). I can't say I disagree with her. Marriott's MF is more than $1200 annually, but I'd get annual use at a resort I would go to every year (MGO). No to mention, it is extremely difficult to get a unit during the time I'd like at MGO. Well nowadays it's difficult any time of year for me to exchange into MGO.

So for my great exchanges into 2BRs, it's just over $712 ($625.50 MF (for 3 years) + $450 (II Gold for 3 years) + $350 (exchange for two units in Mexico)). Throw in the 2 AC weeks and it's only approx $562 per exchange. You have to be flexible to use the ACs, but I've used some. *Sidenote: we're II Gold since we like the Shortstay option. For the sake of trying to keep this from becoming complex (I realize I may have already failed at this), I'm not throwing this into the mix.

I realize the above doesn't account for the original $5K I paid the developer in 2003. Amortizing for 2003-2015 adds $576 per exchange (based on 2 exchanges every 3 years--it's less when you throw in the ACs I've used). At ~$1288 ($712 + $576) per exchange since 2013 (it's less for previous years since II, MFs, and taxes were less), I'm extremely happy with the vacations I've purchased. If I hold on to this unit longer, my average price will drop, even when accounting for any increases in MFs and taxes that will follow in the future.

I may have just talked (typed?) myself into keeping the unit. :ponder:
 
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Last MF I saw was over $ 700 not including $ 60 for taxes for one year.
 
Vacation Village just loaded the 2016 MF and taxes through their management company; my MF and taxes are as follows:

Williamsburg Plantation (2BR ETY): For 2016 $206.75 MF, $20 taxes. MF increased $18.25 from 2015, taxes stayed same. Since it's ETY, it equates to $620.25 MF and $60 taxes every use year.

MFs for my 4BR EY lockoff at The Colonies is now $735 ($36 increase from 2015).
 
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Deedback Complete

I know this thread is a little dated, but wanted to follow up. I was able to successfully complete a deedback. It was relatively painless (and cost a few hundred), but it is done.
 
Does anyone know if the transfer fee for Williamsburg Plantation is still $250?
 
Does anyone have experience deeding back if you owe money, or is that the intent?
 
What resort? The resort is a lot less likely to accept a deed back if you owe money. Basically, you have to play hardball with them and tell them you are going to default on the loan, and you want them to accept a deed back in lieu of foreclosure - then stop paying.
 
DeniseM said:
What resort? The resort is a lot less likely to accept a deed back if you owe money. Basically, you have to play hardball with them and tell them you are going to default on the loan, and you want them to accept a deed back in lieu of foreclosure - then stop paying.
Click to expand...
Willamsburg Plantation in VA
 
nitemaire said:
Deedback Complete

I know this thread is a little dated, but wanted to follow up. I was able to successfully complete a deedback. It was relatively painless (and cost a few hundred), but it is done.
Click to expand...
HEYY i would like to do this with mine at Williamsburg Plantation. Any other insight on how you made this happen?
 
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