Sandybeaches
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- Dec 6, 2019
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Floating odd year week, 2/2 in the oceanside building.yes it is, they will take it back...Just curious what type, size and week do you own?
Floating odd year week, 2/2 in the oceanside building.yes it is, they will take it back...Just curious what type, size and week do you own?
Not ocean front?Floating odd year week, 2/2 in the oceanside building.
Did you have to pay a fee? They want $136 to get started.That is how it worked for me. My fees were due 1/1. They told us if we returned the paperwork before that, we would not get a bill. That is how it happened.
Good luck to you. I'm sorry that you feel you did not get your money's worth out of it, but if you stick around here and join TUG (well worth your $15 investment) you will learn so much about affordable vacations.
There shouldn't be a fee but you have to have no mortgage and you have to be up to date with your MF's and membership fees.Did you have to pay a fee? They want $136 to get started.
We don't have a mortgage and all fees are paid up. Maybe its something new?There shouldn't be a fee but you have to have no mortgage and you have to be up to date with your MF's and membership fees.
It could be but it is odd that they won't give you more info unless you pay. It's one thing to charge $136 to do a deed back and another to ask for $136 in order to get information about a deed back. I would ask them what the $136 is for and if it would be refunded if you decide not to deedback.We don't have a mortgage and all fees are paid up. Maybe its something new?
I did not have to pay any fees.Did you have to pay a fee? They want $136 to get started.
sounds like it could be your yearly membership fee is due. What do you own?How did this work out for you? We are trying to deed ours back also. They said we have to pay $136. 00 before we get anymore information.
LOL. I didn't have to pay anything. I received the paperwork, took it to my bank to have it notarized, sent it priority mail to track it and 3 weeks later they told me the notary stamp was to large and had crossed some mysterious line on the page so it couldn't be processed and I would have to redo everything. They sent the paperwork again and COVID-19 hit. I haven't been back to the bank.How did this work out for you? We are trying to deed ours back also. They said we have to pay $136. 00 before we get anymore information.
You don't have to wait until Sept 2022. You could pay your 2022 MF;s and book something for Jan/Feb or as earliest as you see something you might want to use or rent out or transfer to IHG and then immediately after start the deed back process.Here is my update, hot off the presses:
Happytravels is right, as I just learned. The fee is NOW $500 per contract to use the Horizons process. I have 3 contracts, so it would be $1500!!! Heck, they are starting to sound like one of the resellers (Viking ship) companies for goodness sakes.
I asked the following questions, and here are the responses:
1. I have 3 contracts, can I transfer one or two and keep the others? YES entirely up to me
2. My DH is now deceased. How do I handle his name on the contract? They need a copy of the death certificate in order to process the warranty deed.
3. Since I am getting ready to pay my 2022 MF, can I use the points before I transfer? This answer is a bit more complicated. I must be completely current in order to start the process. So I pay my fees for 2022, but then I must relinquish all usage on my contracts.
4. Even after I have paid my 2022 fees, I must give up the usage/points? YES
5. So what other options? I can wait until Sept 2022 and begin the process then. That way I do NOT have to pay my 2023 fees which will come due shortly thereafter. This way, I have gotten usage on my account/points, don't pay future fees, and the long process begins.
6. What option do I have if I don't want to pay the $500 per contract to transfer ($1500 for my three)? Then I can stop payment, and my contract will go into foreclosure for collection of the MF only. This process will take a few years. But at least if I am paying for my 3 contracts, I get to use them and transfer them to IHG for usage in the future.
I am leaning toward NOT paying an additional $1500 Horizon transfer fee and keeping the membership for now. I may also stop payment for MF for 2023 and take the risk. I WILL pay my current 2022 MF fees and get my usage on the points. Also if I do this, I might keep one of my points packages just to stay in the system.
I know it's a lot posted here. What advice and thoughts do any of you have on all of this info? You know that I really appreciate TUGGER'S advice.
Thanks!
sandy
You don't have to wait until Sept 2022. You could pay your 2022 MF;s and book something for Jan/Feb or as earliest as you see something you might want to use or rent out or transfer to IHG and then immediately after start the deed back process.
JUST what I want to do!
One thing to keep in mind for #6 as soon as you default on one of the contracts, you will be locked out of using any HICV points for all 3 contracts most likely. Thanks for that tip. Good to know. But they can't touch those IHG points that I transferred, right?
Are they charging the same $500 if you transfer the deeds to someone else? If not you might be able to find someone to give one or more away to next year.
As bad as the $500 per contract is, it could be worse. Diamond charges $1000 per contract and will only allow a deedback (even with the fee) if you bought from the developer directly.
You have to give up your points if you still have points when you initiate the deed back. I don't think they will deny the deedback just because you already used the points.That is exactly what I want to do, pay for and keep my points. See #4 above. They told me NO. But your message gives me hope. Plus, it makes sense. Otherwise why would I pay for my points and then just give them to Horizons???
Holiday Inn Club Vacations At Orange Lake Resort, East Village, Kissimmee, FL , Points: 100,000 | |
| Unit: 87762, Week: 38, Size: 2BD-EV, Frequency: Even, Check-in Day: Saturday HOA: Orange Lake Country Club Villas Condominium Association III, Inc. |
Thanks. How else can I sell it? Any other programs?yes it must be paid in full to qualify for the deedback program.