Hi everyone - I am new to this forum, and found this thread by searching on Google. I have a 2 bedroom Gold week (8000 points) in HGVC, South Beach and I am looking to give it back after over 20 years, mainly because the maintenance fee is going up massively each time (latest one was $2600, up by over 25% since last year) and also as I live in the UK and their are not very many good HGVC or RCI resorts with good availability in Europe.. Also, with the maintenance fee that high, I can get something nicer and cheaper easily.
I followed the advice in this forum about the deedback request and just wanted to let you all know that I got a letter today (2nd Dec) from them by email to say that they are offering me a voluntary surrender. My email request to
pfoliosvc@hgvc.com was sent in mid October, so about 6 weeks ago.
Here's what the letter says:
A few questions in case anyone has experience of this:
(1) The letter has a bunch of terms and conditions then a space for me to sign. It says "borrower's" signature, even though I don't have a loan outstanding, followed by "
servicer representative signature" which I assume is the HGVC staff signature?
(2) It talks about notarising the documents by a US notary in the letter above - I assume that is the deeds that they will send after I send this signed letter back (rather than this letter).
(3) For anyone who has done this, at what point are you released from paying maintenance fees (since they are due very soon!)
Thanks in advance. I am surprised and happy that they said yes and just wanted to say thankyou to the people in here who shared this info as I never would have done this.