HGVC's Deed Back Process

[dioxide45]

I totally agree that they can do all of those things and make an owner who wants to get out of their timeshare jump through other hoops that you didn't think of but if there are too many hoops or they are too high and expensive owners will just stop paying maintenance so their Deed Back Program didn't accomplish what the primary purposes of the program is; avoid maintenance deliqencies, avoid the costs of foreclosure, get the Property back in inventory so it can be resold quickly, get a maintenance paying owner for the Property quickly.

Some people just won't go into default though. There is a big stigma around default. I suspect they use the fee to deed back as a method to temper demand for deed backs. Open it up to being free and the HOA or developer gets flooded with more weeks than it knows what to do with. Put the fee there and some people will just keep paying.

 

[Tamaradarann]

The point is that no one should buy with hopes that this will be in place (as is).

Regardless of the purpose, if there are significant reductions in sales/rentals, they will need to make adjustments.
The travel industry has their ups and downs. With any economic downturn, there will be lots of timeshare owners unable to pay and wanting to get out. They won't be able to accomodate everyone.

I totally agree with what your saying here. I will add to your dooms day economic downturn with lots of owners unable to pay and wanting to get out; there will be more maintenance delinquencies and higher maintenance for those owners that continue to pay their maintenance to make up for those that don't pay.

 

[Tamaradarann]

Some people just won't go into default though. There is a big stigma around default. I suspect they use the fee to deed back as a method to temper demand for deed backs. Open it up to being free and the HOA or developer gets flooded with more weeks than it knows what to do with. Put the fee there and some people will just keep paying.

Good points. I totally agree that there needs to be a balance to keep the system running. However, perhaps the world at this time has built enough timeshares and few if any should be built. Instead of building more timeshares the developers need to concentrate on Deeded Back timeshares which gives them free inventory to sell so they won't have more weeks than they know what to do with!

 

[alwysonvac]

I totally agree with what your saying here. I will add to your dooms day economic downturn with lots of owners unable to pay and wanting to get out; there will be more maintenance delinquencies and higher maintenance for those owners that continue to pay their maintenance to make up for those that don't pay.

Yes and that's what we saw with the Great Recession that occurred in the late 2000s. It wasn't pretty. Some timeshare systems were hit harder than others.

 

[Tamaradarann]

Yes and that's what we saw with the Great Recession that occurred in the late 2000s. It wasn't pretty. Some timeshare systems were hit harder than others.

Yes I remember 2008/2009 and that was bad economic times. My husband and I were on our own high with getting ready for and then retiring to our 15 week retirement celebration trip spending the winter in San Diego, Kauai, Honolulu, Maui, Hawaii Island, and Miami South Beach all in Timeshares.

 

[geist1223]

For those not negatively affected by the Recission it was a time one could get great deals on Timeshares and Real Estate in general.

 

[alwysonvac]

For those not negatively affected by the Recission it was a time one could get great deals on Timeshares and Real Estate in general.

Yes, resales were much higher. Lots of folks got great deals.
I bought my first Lagoon Tower week when prices dropped.

Timeshares never came back after the recession of 2008. Resales are not recovering value.

I paid quite a bit resale for my first SBP lockoff unit. With closing costs and MF's reimbursed, plus a price tag of $1,300. This was a long time ago, I admit, but the recession brought the resale value down to $0 with free closing and free usage (if Vistana would even allow free usage during...

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Fire Sale - SVV

Just received this morning: Limited-Time Offer A Limited-Time Offer from the Villages Key West Condominium Association, Inc. Dear Villages Key West Owner, Greetings from your Board of Directors! We are pleased to announce an owner resale program which will allow owners...

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[2011] Marriott Custom House T/S Auction Today

I am going this morning. www.pesco.com Click on auction calendar. There are 23 on auction. I hope to snag a platinum or better. Will report back.

tugbbs.com

 

[dioxide45]

For those not negatively affected by the Recission it was a time one could get great deals on Timeshares and Real Estate in general.

It's only a recession when other's lose their job. It's a depression when you lose your own.

 

[Chris-ATX]

It's only a recession when other's lose their job. It's a depression when you lose your own.

Brilliant!

 

[SpaceSkier]

I just started the Deedback process. The email address at the beginning of the thread worked for me after three tries. I got phone calls saying they didn't do deed surrenders the first two times. For your information, I have Las Vegas, the Boulevard, Gold, every other year studio.

 

[Snezz1e]

My deed back (District) is going pretty quickly for this last one. It only took them about 2 weeks from when they received notarized deed to record it.

Still on my account a week later but even if they take 3 months this time I don't have to worry about my account getting locked again.

One strange thing is there's now a $225 account balance for that deed for attorney fees. Can't pay for it online have to call to pay. Hopefully they wipe it out when they remove the deed from my account like they did for the MF for all the other deed backs. Nothing I signed stated I had to pay attorney fees.

 

[Tamaradarann]

My deed back (District) is going pretty quickly for this last one. It only took them about 2 weeks from when they received notarized deed to record it.

Still on my account a week later but even if they take 3 months this time I don't have to worry about my account getting locked again.

One strange thing is there's now a $225 account balance for that deed for attorney fees. Can't pay for it online have to call to pay. Hopefully they wipe it out when they remove the deed from my account like they did for the MF for all the other deed backs. Nothing I signed stated I had to pay attorney fees.

Let us know about the Attorney fees. However, if the attorney fees are only $225 for these Deedbacks then that is another reason for the Timeshare Companies to do Deedbacks rather than wait a few years and then do a foreclosure which must cost more that $225 for Attorney fees since it is a court legal act.

 

[alwysonvac]

Update: Received email of deed to sign back over. Did notary the same day and USPS shipped with sign approval. They received. Now awaiting final confirmation of everything being disbanded.

Here's the latest update from Kumo.
It was posted today on the free timeshare forum (link).

My sign in no longer works on HGV saying I'm no longer a member. THANK YOU everyone on here for a great forum and wealth of information...​

 

[Redeye563]

I just started the Deedback process. The email address at the beginning of the thread worked for me after three tries. I got phone calls saying they didn't do deed surrenders the first two times. For your information, I have Las Vegas, the Boulevard, Gold, every other year studio.

Over how long a period were your attempts?

 

[TUGBrian]

wanted to update the original post to include the diagram that details out the default process for hilton should owners find themselves in that situation.

also included it here! kudos to TUG member @alwysonvac who posted this!

 

[alwysonvac]

Here's a link to a TUG member's recent deed back experience (post includes step by step process and timeline).

Warranty Deed Back / Warranty Deed Surrender Success!

Many thanks to @alwysonvac for simply asking an obvious question out loud: "Why 'give away' your timeshare for "free" if that means it will cost you money?" ( offering to help pay fees ) Assumption: You OWN your property in full. You have no loan or lean on the unit in question. If you own...

tugbbs.com

 

[rkTugg59]

Here's a link to a TUG member's recent deed back experience (post includes step by step process and timeline).

Warranty Deed Back / Warranty Deed Surrender Success!

Many thanks to @alwysonvac for simply asking an obvious question out loud: "Why 'give away' your timeshare for "free" if that means it will cost you money?" ( offering to help pay fees ) Assumption: You OWN your property in full. You have no loan or lean on the unit in question. If you own...

tugbbs.com

My husband and I are in our early 80s. We are not able to travel like we used to. We don't want to pay our dues for next year. Our kids don't want our membership, we don't want to gift it, we just want out. We are Diamond Resorts members, never changed to the points program, We are in contact with the deedback program. We are approved for the deedback but were told it is paused right now. We were also told it would cost $1,000 for the process, so we are just waiting. If I understood correctly, we will not have to pay the new year's assessment. Hope I am right.

 

[alwysonvac]

My husband and I are in our early 80s. We are not able to travel like we used to. We don't want to pay our dues for next year. Our kids don't want our membership, we don't want to gift it, we just want out. We are Diamond Resorts members, never changed to the points program, We are in contact with the deedback program. We are approved for the deedback but were told it is paused right now. We were also told it would cost $1,000 for the process, so we are just waiting. If I understood correctly, we will not have to pay the new year's assessment. Hope I am right.

The latest TUG discussion regarding Diamond’s deal back process can be found here

Sticky - Hilton Vacation Club / DRI now accepting deedbacks - Give back your HGV/Diamond Resorts Timeshare

3/2023 update with new contact details for program: Transitions@hgv.com and phone# 855-342-3689 Original announcement of program back in 2017: https://www.tugbbs.com/forums/index.php?threads/transitions-is-finally-announced.267181/ In order to qualify, the HOA (MFs) must be up-to-date...

tugbbs.com

 

[wfgould]

Reporting a successful deedback...

Orlando Vacation Suites (Seaworld)
Week 45 - Silver
5,600 points

Took just under 6 weeks from initial inquiry until I received the documents to complete the deal. I was not the original purchaser - bought it thru eBay approximately 18 years ago. I have two other contracts I am keeping for now (both Las Vegas) and an upcoming vacation in a Waikiki unit. Those were not impacted (as it should be).

 

[dayooper]

Reporting a successful deedback...

Orlando Vacation Suites (Seaworld)
Week 45 - Silver
5,600 points

Took just under 6 weeks from initial inquiry until I received the documents to complete the deal. I was not the original purchaser - bought it thru eBay approximately 18 years ago. I have two other contracts I am keeping for now (both Las Vegas) and an upcoming vacation in a Waikiki unit. Those were not impacted (as it should be).

Nice!

 

[giowop]

I tried this but now they are asking me to fill out all my financial information on that sheet. Boo. If anyone had better luck, I'd love to hear tips.

 

[alwysonvac]

I tried this but now they are asking me to fill out all my financial information on that sheet. Boo. If anyone had better luck, I'd love to hear tips.

Don't provide any financial information. Just write non applicable next to each option and reiterate" NO LOAN OR OUTSTANDING MAINTENANCE FEE (VOLUNTARY SURRENDER)"

Here's a recent example

Warranty Deed Back / Warranty Deed Surrender Success!

Many thanks to @alwysonvac for simply asking an obvious question out loud: "Why 'give away' your timeshare for "free" if that means it will cost you money?" ( offering to help pay fees ) Assumption: You OWN your property in full. You have no loan or lean on the unit in question. If you own...

tugbbs.com

 

[alwysonvac]

If it’s the same hardship document posted in this thread (see post #65). Financial information is only required when you’re declaring a hardship.

 

[Tamaradarann]

Reporting a successful deedback...

Orlando Vacation Suites (Seaworld)
Week 45 - Silver
5,600 points

Took just under 6 weeks from initial inquiry until I received the documents to complete the deal. I was not the original purchaser - bought it thru eBay approximately 18 years ago. I have two other contracts I am keeping for now (both Las Vegas) and an upcoming vacation in a Waikiki unit. Those were not impacted (as it should be).

That is great that you were able to Deedback a Silver Week which many refer to as a "Dog Week". HGVC is doing what I have been recommending that all Timeshare Companies Deedback any unwanted units so that owners that are paying their maintenance are not burdened with paying higher maintenance do to Delinquent Owners.