Estoppel Question

[Arimaas]

Does anyone know if monthly assessment charges quoted on the estoppel provided from Wyndham during the transfer of a contract/property from one person to another includes the program fee or is it without the program fee? I know this question is better suited for LT Transfers, but they are closed today, and I am sure someone here knows.

Thanks!

 

[Melder]

Does anyone know if monthly assessment charges quoted on the estoppel provided from Wyndham during the transfer of a contract/property from one person to another includes the program fee or is it without the program fee? I know this question is better suited for LT Transfers, but they are closed today, and I am sure someone here knows.

Thanks!

The one I received in 2014 does not include the program fee. However the two I received in 2017 did include the program fee.

 

[Arimaas]

The one I received in 2014 does not include the program fee. However the two I received in 2017 did include the program fee.

Thanks. Wonder what it is now. I guess I can call and ask ! Thanks.

 

[Lsfinn]

Hi -

I'm in the process of (trying) to sell several Club Wyndham contracts. The estoppel letters we received have a different amount for maintenance fees than does our 2023 Annual Summary letter for these contracts. [And, to be sure, what we are being billed by Wyndham agrees with the 2023 Annual Summary.] The estoppel letter MF quote is about 10% greater than the annual summary letter.

While I've made an inquiry with Title Service asking for clarification I thought I would inquire here: has anyone else run into this? And, if so, can they clarify for me why the difference?

Thanks much!

 

[paxsarah]

I kind of wonder wtf is going on with Wyndham's estoppels, in my (very limited) recent experience of seeing them. A few months ago, someone on FB posted an estoppel for Midtown 45 that was clearly incorrect that they'd received from an eBay seller - it was basically half the expected MFs. And I just received an estoppel (generated in December 2022) for a free EOY even points contract that states that it's biennial even years, has full points available for 2023, and zero points available for 2024. It was so perplexing that I got hold of the current owners' deed from the county, and indeed it confirms a biennial even contract. So we'll see what happens when it eventually transfers (it's free and the MFs are good so I will roll with whatever happens).

 

[chapjim]

I kind of wonder wtf is going on with Wyndham's estoppels, in my (very limited) recent experience of seeing them. A few months ago, someone on FB posted an estoppel for Midtown 45 that was clearly incorrect that they'd received from an eBay seller - it was basically half the expected MFs. And I just received an estoppel (generated in December 2022) for a free EOY even points contract that states that it's biennial even years, has full points available for 2023, and zero points available for 2024. It was so perplexing that I got hold of the current owners' deed from the county, and indeed it confirms a biennial even contract. So we'll see what happens when it eventually transfers (it's free and the MFs are good so I will roll with whatever happens).

That's awful! Seems that whenever there's a conflict between Wyndham and anyone else, it's best to put your money on anyone else.

 

[WManning]

That's awful! Seems that whenever there's a conflict between Wyndham and anyone else, it's best to put your money on anyone else.

Sounds like a way @paxsarah can double her investment.

 

[Jan M.]

If the maintenance fee figures on the estoppels from Wyndham are incorrect as often as it seems to be happening then what are the chances the estoppels are just as frequently in error that the maintenance fees are paid up to date and there aren't any loans or liens? Although we do know that Wyndham won't complete the transfer if there are any unpaid balances.

Fair warning, there's zero percent chance Wyndham will accept any responsibility In the matter.

The seller/owner and the buyer would have proceeded in good faith that the information provided in the estoppel was accurate and correct. If the seller/owner accepted payment by credit card or PayPal the buyer will have recourse if there is an unpaid balance and the seller/owner won't pay it.

If the amount of the monthly/annual maintenance fees quoted in the estoppel is only slightly off it's not worth the buyer wanting out of the sale. Has anyone seen instances that the quoted amounts were wildly off and not in the good way? The only instance I remember is when the estoppel was two years old and didn't include the program fee. It still wasn't a bad deal for the buyer just not as good as they were led to believe.

 

[Lsfinn]

Hi -

I'm in the process of (trying) to sell several Club Wyndham contracts. The estoppel letters we received have a different amount for maintenance fees than does our 2023 Annual Summary letter for these contracts. [And, to be sure, what we are being billed by Wyndham agrees with the 2023 Annual Summary.] The estoppel letter MF quote is about 10% greater than the annual summary letter.

While I've made an inquiry with Title Service asking for clarification I thought I would inquire here: has anyone else run into this? And, if so, can they clarify for me why the difference?

Thanks much!

On travel now, but wanted to share an update from earlier in the week.

Spoke on phone to someone from title services. They claimed estoppel should have exactly the same numbers as were on the annual summary. Suggested I email title services back the estoppels and scan copy of annual summary and ask for clarification. This I have done. Waiting for response.

 

[Lsfinn]

On travel now, but wanted to share an update from earlier in the week.

Spoke on phone to someone from title services. They claimed estoppel should have exactly the same numbers as were on the annual summary. Suggested I email title services back the estoppels and scan copy of annual summary and ask for clarification. This I have done. Waiting for response.

New estoppel letters arrived. They now agree with what was in our annual summary statement.

Pro-tip! When selling your Wyndham timeshare warn buyers first set of estoppels from Wyndham may be wrong, but you’ll re-request to get them right!

 

[Lsfinn]

Y

New estoppel letters arrived. They now agree with what was in our annual summary statement.

Pro-tip! When selling your Wyndham timeshare warn buyers first set of estoppels from Wyndham may be wrong, but you’ll re-request to get them right!

Yes, I know that’s hardly reassuring: the alternative is that they might decide to walk, claiming you “misrepresented” the MF or available points, etc.

 

[flindberg]

Fair warning, there's zero percent chance Wyndham will accept any responsibility In the matter.

Or any matter, anywhere, anytime...

 

[paxsarah]

And I just received an estoppel (generated in December 2022) for a free EOY even points contract that states that it's biennial even years, has full points available for 2023, and zero points available for 2024. It was so perplexing that I got hold of the current owners' deed from the county, and indeed it confirms a biennial even contract. So we'll see what happens when it eventually transfers (it's free and the MFs are good so I will roll with whatever happens).

Just to follow up on this one, when the contract transferred it was indeed an even year contract. Zero points transferred for 2023, full points transferred for 2024 - just as I would have expected had I not seen the estoppel that stated the opposite.