Easiest way to sell for aging parents?

[KT Hill]

Hi! New member to all of this and hoping someone is kind enough to help. My elderly parents have owned MVC and HGVC deeded weeks for 20+ years and aren't able to travel anymore. Unfortunately, they've been "taken" a few times with shady exit scams. They live out of state and have asked for my help in getting rid of these properties.

Of course, because I'm not listed on the deeds, no one at either company will talk to me. It feels so predatory - they know they've been getting their fees for years with no one using the property, they have no incentive to be helpful. Deeds are listed in the family trust, so we all want to take care of this before someone passes or becomes fully incapacitated.

I can't be the only one in this situation. Has anyone successfully used a limited POA to facilitate communications or transactions with these companies? With so many scams out there, I don't want to get scammed, and I also want to assure potential "buyers" that I have permission to facilitate the transaction.

Based on the research I've done so far, I plan to use LT Transfers when I have an interested buyer.

 

[vacationtime1]

Many (most) MVC and HGVC units have at least some value, so selling through a broker may make sense (even if their commission eats up much of the proceeds). Many of the "valueless" ones can still be given away at no cost. There is no reason to pay shady upfront companies when selling high end timeshares (nor any reason when selling low end timeshares either).

What do your parents own (resort, season, unit size)?

 

[sponger76]

Many (most) MVC and HGVC units have at least some value, so selling through a broker may make sense (even if their commission eats up much of the proceeds).

What do your parents own (resort, season, unit size)?

Their profile shows:
MVC-Grande Vista
HGVC Bay Club @ Waikoloa

Nor sure of season or unit size though

 

[vacationtime1]

I see.

HGVC Bay Club has some value (from very little to a few thousand). OP could peruse www.redweek.com for a range of reality depending on unit season and size (although listing prices are often unrealistic; one must ignore outliers). If it is of minimal value, it will snapped up quickly here: https://tugbbs.com/forums/forums/free-timeshare-giveaways-and-bargain-deals.55/

I know nothing about Grande Vista.

 

[Fido Chuckwagon]

Do you have a POA? I just bought a timeshare resale where the seller’s documents were signed by the POA on behalf of the seller (and it worked fine). Of course this was DVC, but still, you should be able to sell/give away a timeshare with a POA.

 

[KT Hill]

Do you have a POA? I just bought a timeshare resale where the seller’s documents were signed by the POA on behalf of the seller (and it worked fine). Of course this was DVC, but still, you should be able to sell/give away a timeshare with a POA.

I don't have the POA yet, but can get one if needed.

 

[KT Hill]

Their profile shows:
MVC-Grande Vista
HGVC Bay Club @ Waikoloa

Nor sure of season or unit size though

Bay Club is 2bd penthouse A, but they have not been enrolled in/ paying HGVClub in several years from what I can tell. I can't even figure out how to make the reservations since they have to be done on paper (which they quit mailing about 5 years ago) via bayclub.com website (which is now defunct) or by calling HGVC at their 1-800-932-4482 number- but when I call they tell me they don't have access. MF's are about $1840

I'm assuming (hoping) new owner would be able to reactivate club enrollment if they wanted.

I honestly don't want anything out of this other than to keep my parents from throwing away another $3k in December. They've owned since 2000/2001 and used each property only 2-3 times.

 

[Patri]

The trust may change things. Otherwise, your folks could just walk away, never pay another dime, tell the ts companies to take them back (or you notify them your parents are no longer able to use them or pay the maintenance fees. This is if they no longer care about their credit rating.) But legally, maybe a trust has to dispose of them or is liable.

 

[SteelerGal]

Bay Club is 2bd penthouse A, but they have not been enrolled in/ paying HGVClub in several years from what I can tell. I can't even figure out how to make the reservations since they have to be done on paper (which they quit mailing about 5 years ago) via bayclub.com website (which is now defunct) or by calling HGVC at their 1-800-932-4482 number- but when I call they tell me they don't have access. MF's are about $1840

I'm assuming (hoping) new owner would be able to reactivate club enrollment if they wanted.

I honestly don't want anything out of this other than to keep my parents from throwing away another $3k in December. They've owned since 2000/2001 and used each property only 2-3 times.

For HGVC, the new owners will need to enroll w/ HGVC. I just sold a an EOYE Bay Club Deed for $1500 and it would translate to 13.4K points.
For Grand Vista, if it’s Plat season and 2bdrm, it can fetch 3k or above. It’s a good MVC trader.
I have used Redweek and Tugg to sell my deeds.

 

[Jimbo!]

I'm a newbie...what is a "POA"?

 

[VacationForever]

I'm a newbie...what is a "POA"?

Power of Attorney.

 

[5finny]

Try to get a copy of the family trust (if you don't already have it)
The trustee should be able to sign anything that is needed
If the trustee is deceased or incapacitated usually the trust will provide for a successor who can act