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HAD to buy 2nd unit to convert to points! Help on points! Rescinding!

sandyworks

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So glad I found you in time!
I own at Newport-on-shore,prime summer week, never lose money on rentals if I don't use.

facts:

-Don't belong to RCI
-Don't travel much for a week at a time, but more 4 to 5 day vacations.
In last 20 years have used second bedroom 10 days total.

The Wyndham tale.

-Checked in and were told we needed to learn about how wyndham operates and how to lower our maintenance fee....we bit.

-Heard about the points (ours is worth 175000) seemed perfect for our travel needs...you can use less, smaller suite, less days. Too perfect.

-Hitch...They said, there was absolutely NO WAY I could convert my TS to points UNLESS we bought another unit. They added that since, we had NEVER been told about the point system, they would roll back price of to several years ago. (they threw in an extra shareplus (162,000 )points for 2 1/2 years. plus the points of the new resort. Capital Cove right outside Washington, D.C.

-So now I have a completely paid off time share and a huge bill for another (I KNEW there was a recission clause.)

-They told us that once they offered us this ONE TIME conversion, they were not allowed to offer this to us again. (They went to check -or so they said- to make sure we weren't offered the conversion before.)
-This offer was only good THAT day and we could not come back. (They probably didn't want me to come back to use the internet...which is exactly what I did.)

So any advice from you gurus?

-Is it true I cannot convert my unit to points WITHOUT buying another unit. If I can convert, how do I do this...as the sales people said NOT POSSIBLE.
-How can I benefit from the points system (mine is worth 175,000) and add to them WITHOUT spending literally thousands of dollars.

I want the points, do not want to give up my prime week deed, and do not want to buy another unit.

I can return materials to them as I'm still in Newport. But, gosh, what a hassle.

Thanks so much,
Sandy
 

rickandcindy23

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Wyndham Platinum Founders(cough,gag). RCI, Shell, and WorldMark points. Disney's OKW and SSR pts; Marriott's Willow Ridge (4);Val Chatelle (7); Hono Koa (3); SBP lots and lots, SDO a few; Grand Palms (selling those). WKORV-OF (2).
Of course they would offer this again because they make lots of money.

You can convert directly through Wyndham, if you want to do it, for $2,395.

Or you can keep your week you can rent out so easily, and buy that same number of points for about the same amount $2,395, including fees, through eBay or various websites, like www.myresortnetwork.com, www.redweek.com, www.vacationtimesharerentals.com, or right here on TUG's classifieds.

There are some large points packages that go for much less than $5,000.
 

timeos2

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rescind NOW!

Rescind the deal now. Keep your current week & buy 170,000+ points as a resale for about $2500. You'll have everything you would get for pennies on their retail price. What they have offered is a total rip-off. Rescind that deal if nothing else.
 

e.bram

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"Converting" to points is not converting anything. Basically you are leasing your unit to Wyndham and subleasing from Wyndham any other unit which they have leased from other owners(suckers).
 

rickandcindy23

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Wyndham Platinum Founders(cough,gag). RCI, Shell, and WorldMark points. Disney's OKW and SSR pts; Marriott's Willow Ridge (4);Val Chatelle (7); Hono Koa (3); SBP lots and lots, SDO a few; Grand Palms (selling those). WKORV-OF (2).
"Converting" to points is not converting anything. Basically you are leasing your unit to Wyndham and subleasing from Wyndham any other unit which they have leased from other owners(suckers).
:confused: Subleasing without paying is not a bad deal. No charge to go anywhere in the system, which saves a bundle on exchange and membership fees to II and RCI.
 

e.bram

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Except you never know. Wyndham might be renting out the super prime weeks for cash and subletting the pinker ones.
 

Bill4728

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Again:

The best advice your going to get is:

- forget about buying another week from wyndham so that you can convert your current week
- you may wish to do the $2400 only convert my current week option
- rent or use your current unit
- If you like the wyndham point system ( AKA FSP- Fairshare plus), buy a resell week, which is already converted, for less than $2000 ( for about 150k - 175k points)

Hope that helps
 
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vacationhopeful

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Yep, Wyndham points are great, but even BETTER when you buy them resale.

I spend a lot of time at the Wyndham Florida beach resorts ... Wyndham always is spinning that tale to the fixed week Feb and Mar owners. Those winter beach weeks are what everybody wants - points are generic. Keep your GREAT week; buy cheap "resale" Wyndham points. Enjoy the best of both. And if you decide you only want one timeshare, read the "sticky" on how to sell your great fixed week ... if could pay or reimburse you (in future years) on your points purchase.
 
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sandyworks

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Thanks everyone! Rescinding tomorrow.

I persuaded my husband to rescind. We arrive home tomorrow, I will print out legal looking rescind letters and send USPS Express mail to arrive there by Tuesday. That is a 5 day rescind and my docs say I have 10 days.
Also I will send same letter to as many addresses as necessary, certified, registered receipt and will PRIORITY Mail the package they gave me also to arrive there by Tuesday.

Ah yes. I will also CC: my attorney on all correspondence.

Thanks all, I'm going off to learn more.

Best thing I did was bring my computer to Newport.
Sandy
 

ausman

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Follow what the docs say exactly as to how to rescind.

Legal looking documents can be just that, do it properly in the manner prescribed.

If they say certified mail, for example, then USPS Express is not the way to do it. You can do it other ways for your own backup method but be sure to do it the way prescribed in the documents.
 
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