Does anyone have a recent HGVC Estoppel?

[brial05]

Does anyone have a recent estoppel that HGVC generated?

I have a copy of mine from when I purchased my resale:
a.) It is very old
b.) Most importantly, it was never generated by HGVC or the Developer.

The version I have is from when I purchased my resale. It is a very generic WordPad document that I am sure was a 'fill in the blank' style sheet.

My reason for asking is I am shopping on eBay which has been very interesting, I let an Elara 11,200 bid go by because I simply did not trust the information the seller was reporting back to me, including 'his version' of an estoppel.

 

[HuskerATL]

Here is ours when we gave away our Tuscany Village in 2023

 

[brial05]

@HuskerATL thank you!

Interestingly, the eBay seller version was similar but only consisted of the table. Only the 2024 column was filled out with MF totals, which did not make sense to me.

Here it is ..... Was to be an Elara 11,200 Point Annual.

 

[HuskerATL]

you need the whole sheet to see the interval info and the point balance. HGVC verifies the point balance so you see that in the bottom section. That is very important...same as the interval info.

 

[GT75]

Agree with @HuskerATL. I would especially want to see the available points per year section for Elara (because Elara is a mixed TS property with both Westgate and HGVC sharing that building). I certainly wouldn't want a Westgate Elara deed.

Also a bigger flag (IMO) is that the MFs aren't correct:

2024 Hilton Grand Vacations Maintenance Fees

Plantation Beach Club at IRP 2 BR Gold Flex Week (could be 8000 pts depending upon week reserved but I bought week to use) 2024 Operating Fee - 1,463.92 2024 Reserve Fee - 247.48 2024 Real EstateTaxes - 58.03 Total:$1,769.43 Last year total:1,535.58 Moderator added: Increase of $233.85 (15.23%)

tugbbs.com

Elara 2BD platinum 13,440 points.

2024 Operating Fee: $996.82
2024 Real Estate Taxes: $68.41
2024 Reserve Fee: $243.85

Total: $1309.08

 

[HuskerATL]

Agree with @HuskerATL. I would especially want to see the available points per year section for Elara (because Elara is a mixed TS property with both Westgate and HGVC sharing that building). I certainly wouldn't want a Westgate Elara deed.

That is a good point .. Very important to have the interval info. They could be trying to trick you into a Westgate deed.

 

[GT75]

Also, what season is this? Gold Season 2BR?

 

[IrishDave]

Heres's ours from Sept of this year, minus the resort address and previous owner info. I agree the interval info and point balance are critical and I would pass if I couldn't see those. Not having a prior year balance kinda makes sense to me, if everything from last year was paid.

 

[rangnatp]

Are the reserve fees not required to be posted on the Estoppel? How are they generated, and how are owners notified? Looking at a resale on Ebay and the seller has never heard of reserve fees before. Makes me curious...

 

[GT75]

Are the reserve fees not required to be posted on the Estoppel?

The MFs are OF and RF added together. HGVC normally also adds the Voluntary ARDA Fee to that total, so only the RE Taxes are broken out separately.