Deed back will not call me back

[GrantandPeg]

I have 4 timeshares in Sedona AZ I was wanting to deed back 2 , these time shares allow deed back, I owe nothing on them. My problem is the 2 I want to deed back is I owe this years dues,2025, I. Have tried to contact them 3 time and they keep saying they are sending the paper work but never due.
If I do not pay and just let them go what will happen?
Thanks for any information.

 

[CalGalTraveler]

What system are you trying to deed back? There are sticky's with contact info and best practices on all the major systems. Every system is different.

 

[TheTimeTraveler]

I have 4 timeshares in Sedona AZ I was wanting to deed back 2 , these time shares allow deed back, I owe nothing on them. My problem is the 2 I want to deed back is I owe this years dues,2025, I. Have tried to contact them 3 time and they keep saying they are sending the paper work but never due.
If I do not pay and just let them go what will happen?
Thanks for any information.

Keep in mind that not all Resorts will allow a Deed Back. Some will but with some type of fee. Others won't at all.

They also may allow you to deed back AFTER you have paid your 2025 maintenance fees. This is a point you may need some type of clarification on.

Best of luck!







.

 

[vacation911]

What timeshares are these? Most are going to require the 2025 fees be paid first at the minimum as far as I know....

 

[GrantandPeg]

Keep in mind that not all Resorts will allow a Deed Back. Some will but with some type of fee. Others won't at all.

They also may allow you to deed back AFTER you have paid your 2025 maintenance fees. This is a point you may need some type of clarification on.

Best of luck!







.

The Resort does do Deed back I have to pay 2 years fees and then 480 per resort for transfer fees.

 

[GrantandPeg]

What timeshares are these? Most are going to require the 2025 fees be paid first at the minimum as far as I know....

These are from Capital Vacations or Vacation Resort international

 

[vacation911]

These are from Capital Vacations or Vacation Resort international

I believe Capital Vacations requires two years of maintenance fees upfront, plus a deed-back fee of around $480. I know MROP recently entered some kind of partnership with them, but I’m not sure if MROP offers the same buyback program.

It’s definitely continuing to call until you some clarity! If MROP shares Capital's program, it might involve a pretty hefty cost: two years of fees, no usage rights for you, and a title fee. I hope you can get away with just the one....

If anyone else knows more about this, please chime in! And if you find out anything, please share—I’m curious if their process is the same as Capital’s.

 

[CalGalTraveler]

Those deedback requirements are highway robbery.

I read somewhere that Arizona has a legal limit of $500 on deedbacks. I am not a lawyer but IMHO this should also apply to the MF since the MF they are charging are a fee since the owner does not have rights to use the property even though the owner paid for them.

Perhaps someone on TUG has more info on this law.

 

[vacation911]

Those deedback requirements are highway robbery.

I read somewhere that Arizona has a legal limit of $500 on deedbacks. I am not a lawyer but IMHO this should also apply to the MF since the MF they are charging are a fee since the owner does not have rights to use the property even though the owner paid for them.

Perhaps someone on TUG has more info on this law.

All so the original company can resell it back for thousands. Seems strange how its legal.

 

[bnoble]

The question is: Do you want to get out, and if so is that fee worth the cost?

I don't know about y'all, but I don't really want to pay my lawyer her hourly fee to figure out whether or not I owe a few thousand dollars extra. It won't take long before I'm paying her more than that.

 

[theo]

Those deedback requirements are highway robbery.

...a concept with which Capital Vacations is intimately familiar and for which Capital seems to routinely exhibit great fondness.

 

[vacationtime1]

If these were OP's last timeshares with Capital Vacations, the company would have little bargaining power; OP's option of just walking away would prevent this kind of demand from Capital Vacations.

But because OP wants to keep two of their timeshares, their options are very limited.

(Does it make sense for OP to say they will walk away from all four timeshares if Capital Vacations won't accept two deedbacks for a more reasonable fee, such as 2025 MF's only?)

 

[tschwa2]

Those deedback requirements are highway robbery.

I read somewhere that Arizona has a legal limit of $500 on deedbacks. I am not a lawyer but IMHO this should also apply to the MF since the MF they are charging are a fee since the owner does not have rights to use the property even though the owner paid for them.

Perhaps someone on TUG has more info on this law.

Arizona had some lawsuits, I know Diamond was one of those that limited the deed back fee. I don't think it was universal to all developers in Arizona. It also didn't disallow them from requiring MF's for the following year if the process was started after X date. If you are the owner on record Jan 1, then you are responsible for the MF's whether you use or don't use the week even if you won't be the owner before your week takes place. Now what they shouldn't do is charge the new owner the MF's if the previous owner already paid.

Most developers require MF's to be paid until the process is complete. So, unless they think the process will be 100% compete before Dec 31, they will require the MF"s in addition to whatever other fees they have. For most that means sometime in September or early October is the latest to be approved by the program to avoid paying next year's fees.

 

[TUGBrian]

Those deedback requirements are highway robbery.

I read somewhere that Arizona has a legal limit of $500 on deedbacks. I am not a lawyer but IMHO this should also apply to the MF since the MF they are charging are a fee since the owner does not have rights to use the property even though the owner paid for them.

Perhaps someone on TUG has more info on this law.

its $250, but only applies to diamond resorts owners unless im mistaken.

 

[vacation911]

If these were OP's last timeshares with Capital Vacations, the company would have little bargaining power; OP's option of just walking away would prevent this kind of demand from Capital Vacations.

But because OP wants to keep two of their timeshares, their options are very limited.

(Does it make sense for OP to say they will walk away from all four timeshares if Capital Vacations won't accept two deedbacks for a more reasonable fee, such as 2025 MF's only?)

I mean I think that would make sense. After all it sounds as if the OP tried starting this is 2024, hence they should have only had to pay 2024 and 2025.....I would think they could use that to argue they should only have to pay 2025....I don't think they can get out of paying 2025 aside from just not paying and letting it default.

The OP could also offer them up on the free timeshares on here with 2025 fees paid and free useage They could offer seller paid closing and transfer fees and it would still cost them less than the deed back. . Perhaps that would be an incentive for someone to take them over. Just a thought,

 

[GrantandPeg]

The total cost to me is 3700.00 that is for both. Which is not bad.

 

[vacation911]

The total cost to me is 3700.00 that is for both. Which is not bad.

Are they only asking for the 2025 fees since you started in 2024, or are they including 2026 fees too? I get why you think it's not a bad deal since it serves your purpose, but here's a thought: if you put some of that money toward incentivizing someone to take it over, I bet you'd find a taker—maybe even me!

$3,700 is a lot to pay them, especially when they’re reselling it for tens of thousands and pocketing your $3,700 on top of that. Just something to consider!"

 

[GrantandPeg]

The fees are for 25 and 26 plus the transfer fee. These are really a good deal as they are floating red weeks