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Give Back to MVC

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goodbadugly

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Hi folks, looking to make my life a bit easier. Considering giving back to MVC a gold week at Grande Vista Orlando. Between MF's and additional reserves (rising regularly) unable to cover costs by renting out. Thoughts?? Thanks
 
goodbadugly said:
Hi folks, looking to make my life a bit easier. Considering giving back to MVC a gold week at Grande Vista Orlando. Between MF's and additional reserves (rising regularly) unable to cover costs by renting out. Thoughts?? Thanks
Click to expand...
I'd list it on TUG as a give away buyer paying closing or for a small price on TUG or Redweek. This is better than a deed back in most cases.
 
Deed back can be a very time consuming process and depending on when you start it you may still be required to pay the following year’s MFs. You might want to check this with the MVC Exit Team before making any decision.
 
If your Grande Vista week is Platinum season, it may still have a little resale value and the process might be a bit quicker than a deed back. You might end up with some cash in your pocket. That said, if you want to give it away, give it away in the Free Timeshares forum instead of letting Marriott Vacation Club take it back and flip it for tens of thousands of dollars.
tugbbs.com

Free Timeshares

Timeshare ownerships offered completely free by owners! Rehome an unwanted timeshare at no cost! Timeshares listed here must be offered completely free!
tugbbs.com tugbbs.com
 
dioxide45 said:
If your Grande Vista week is Platinum season, it may still have a little resale value and the process might be a bit quicker than a deed back. You might end up with some cash in your pocket. That said, if you want to give it away, give it away in the Free Timeshares forum instead of letting Marriott Vacation Club take it back and flip it for tens of thousands of dollars.
tugbbs.com

Free Timeshares

Timeshare ownerships offered completely free by owners! Rehome an unwanted timeshare at no cost! Timeshares listed here must be offered completely free!
tugbbs.com tugbbs.com
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The original poster said it was gold.
 
bazzap said:
Deed back can be a very time consuming process and depending on when you start it you may still be required to pay the following year’s MFs. You might want to check this with the MVC Exit Team before making any decision.
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I would agree with Barry, I'd check with the exit team but likely go ahead and list it for free. If one can get them to agree to take it back and not have to pay the 2025 fees, I'd just let them have it back with the knowledge it's set even if it takes a while. For a gold week at any of the usual "traders", my opinion is they have no value unless you'd actually use them almost exclusively and even then there are often better choices unless it's a difficult unit type to trade to like a 3 BR. One might even have to pay the closing costs to get someone to take it. If so, I'd make sure to either require a specific closing company, like LT Transfers, or specify a dollar amount you're willing to pay. I will admit that I am unsure how it works if the seller is to pay the closing costs and MVC exercise ROFR, that knowledge would affect my decisions if I were in a situation where I was going to pay anything to get rid of it. .
 
With our recently deeded back St Kitts Beach Club weeks the whole process took almost 9 months!
It seems that the rules governing St Kitts property might be particularly challenging, thank goodness I had kept all the original documentation from many years ago as otherwise we would have had to go through an even more protracted and costly process.
As it is, we “just“ had to have our documents notarised, which cost under $100.
I say just, as we had to go to the US consulat in Mallorca to get this done (actually easier for us than going to the UK one in London and they said that US companies don’t realise how much more difficult it can be getting documents notarised outside of the US.
We jever believed that this deed back could take so long, but it is now complete and we are $5,000+ better off each year now.
So more spending money for all our other MVC resorts.
 
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