• Welcome to the FREE TUGBBS forums! The absolute best place for owners to get help and advice about their timeshares for more than 32 years!

    Join Tens of Thousands of other owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 32 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 32nd anniversary: Happy 32nd Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    All subscribers auto-entered to win all free TUG membership giveaways!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $24 Million dollars
  • Wish you could meet up with other TUG members? Well look no further as this annual event has been going on for years in Orlando! How to Attend the TUG January Get-Together!
  • Now through the end of the year you can join or renew your TUG membership at the lowest price ever offered! Learn More!
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Harbor Ridge foreclosure sale

S

SailBadtheSinner

TUG Member
Joined
Jun 6, 2005
Messages
239
Reaction score
4
Location
Windsor Locks, CT
The Harbor Ridge Resort is having a sale on foreclosed units on 10/29. The announcement provided by HR calls it a public auction but if they want to convert the foreclosed units to management fee receipts they should remove the minimums, JMHO as owner.

HR01.jpg


BTW, since my scanner is broken, the photo is from my digi camera.


SBtS
 
Yes, the minimums are too high---particularly on the off season weeks that will be the hardest to sell.
 
At the Foreclosure Sale today I bought:
Unit 57, Week 38 Odd for $1,350 (minimum was $1,250)
Unit 24, Week 39 Even for $1,250 (the minimum)

I also bid on Unit 15, Week 26, but didn't get it. I think that it sold for about $4,200 (might be off by a couple hundred).

I wasn't on site. They sent me a form to fill out saying what units I wanted to bid on, the bid increment, and the maximum.

I was actually surprised to get any of them - I thought that my maximums were low.

Weeks 38 and 39 (either the 3rd and 4th weeks of Sept or the 4th week of Sept and the 1st week of Oct) should be good - The weather averages between 45-65 and almost all of the activities are open to Columbus Day. The II demand index is halfway on the "Greatest Demand" side of the chart.
 
Congratulations on your two timeshares

Ubil said:
At the Foreclosure Sale today I bought:
Unit 57, Week 38 Odd for $1,350 (minimum was $1,250)
Unit 24, Week 39 Even for $1,250 (the minimum)

I also bid on Unit 15, Week 26, but didn't get it. I think that it sold for about $4,200 (might be off by a couple hundred).

I wasn't on site. They sent me a form to fill out saying what units I wanted to bid on, the bid increment, and the maximum.

I was actually surprised to get any of them - I thought that my maximums were low.

Weeks 38 and 39 (either the 3rd and 4th weeks of Sept or the 4th week of Sept and the 1st week of Oct) should be good - The weather averages between 45-65 and almost all of the activities are open to Columbus Day. The II demand index is halfway on the "Greatest Demand" side of the chart.
Click to expand...

Great resort, staff and location!
 
Congratulations!!!

More resorts should do this as a way of utilizing inventory.


:cheer: :cheer: :cheer:
 
Congrats and welcome to the world of HBR ownership! I was looking at the week 26 myself...nice to know it went for so much. (We own week 23.) I agree, those early fall weeks will be great to use, and should be fairly strong traders as well.

Enjoy!
 
We have never been to HBR (we have been to Acadia and Bar Harbor). Everything that I was able to find online, including on TUG, was positive for HBR. So we are looking forward to our first time there.

One thing on which I put high importance is the active owner control of the resort. And every question I asked via email got a quick, complete response.
 
Good purchase. You will like the resort and Southwest Harbor.

I saw those autumn units and wished we weren't a plane ride away from the resort; I would have bought another. We have a late July week, maybe sometime in the future we can trade.
 
Good bargains.

Thanks for posting more info on foreclosure auctions.
 
You must log in or register to reply here.
Top