Horizons a Holiday Inn Club Vacations Deedback information - give your HICV timeshare back

[tschwa2]

Thanks. How else can I sell it? Any other programs?

It has a resale value of less than $100 once its paid off. It can't be transferred until it is paid off. Your options are to pay it off and then give it back. The other option is to default on your loan and stop paying.

 

[rmidgett]

We are in the process of returning our fully paid for timeshare to HIVC. It took several efforts to get their attention; emailing the from found at https://holidayinnclub.com/horizons AND calling them on the phone at the numbers on that form page finally worked. The phone line is constantly busy. I finally started calling them first thing at 9AM EST. If you call early in the day and don't get a human right away, the automated system will give you the option of having an agent return your call without losing your place in the queue. Be sure to keep your phone nearby & the battery charged if you choose this option. That was the option that finally worked for me.

Once I got to speak to a human, it was Kristina and she has so far been very helpful. We had two weeks deposited which we had to release back to Orange Lake before the deed back could begin. I was told that release could take up to 7-10 days; fortunately it didn't. Kristina committed to monitoring our account for that release and emailed me as soon as it happened. In the subsequent call from Kristina we started the deed back process. Currently we're awaiting the paperwork via FedEx. Once that's in hand we must sign it, have it notarized & return it. We emphasized the desire to expedite the process because if the deed back isn't completed by year's end we're on the hook for the 2022 maintenance fees, which we want to avoid. Kristina could not guarantee the deed back to complete in time, saying it could take up to 12 weeks, but since HIVC and Orange Lake are in the same county it could proceed much faster, allowing us to avoid the 2022 fees.

More as it develops.

We FINALLY received the cancellation letter saying we're "free from any contractual obligations to Orange Lake". The letter arrived in the fist week of February. I don't know exactly when the deed was officially returned since there's no date mentioned in the letter. However, we were told when started the process in September that we'd be responsible for the 2022 maintenance fees if the process wasn't complete by the end of December. There has been no mention of requirement to pay the maintenance fees, so it appears we're off the hook and free from this burden once and for all.
As another put it earlier in this thread, stay with it diligently.
A point of note concerning the "consideration of $10" mentioned in the deed back contract...no money changes hands. I think it's just a way for the resort to meet some legal obligations. Careful reading and interpretation will reveal that the $10 is a value placed upon the bookkeeping. You don't pay the resort nor do they pay you $10.
DONE....WOO HOO!!

 

[jlee2070]

The Horizons fee to dead back is now $1200 per contract...

 

[grace-mars]

yes they are charging $1200 to do so as of 8/30/2022 (they told me the price went up 2 days ago?? wth?), and on top of that, if this process doesn't finalize by 12/31/2022, you will have to pay for the HOA fee that comes due on 1/1/2023.

 

[grace-mars]

We are in the process of returning our fully paid for timeshare to HIVC. It took several efforts to get their attention; emailing the from found at https://holidayinnclub.com/horizons AND calling them on the phone at the numbers on that form page finally worked. The phone line is constantly busy. I finally started calling them first thing at 9AM EST. If you call early in the day and don't get a human right away, the automated system will give you the option of having an agent return your call without losing your place in the queue. Be sure to keep your phone nearby & the battery charged if you choose this option. That was the option that finally worked for me.

Once I got to speak to a human, it was Kristina and she has so far been very helpful. We had two weeks deposited which we had to release back to Orange Lake before the deed back could begin. I was told that release could take up to 7-10 days; fortunately it didn't. Kristina committed to monitoring our account for that release and emailed me as soon as it happened. In the subsequent call from Kristina we started the deed back process. Currently we're awaiting the paperwork via FedEx. Once that's in hand we must sign it, have it notarized & return it. We emphasized the desire to expedite the process because if the deed back isn't completed by year's end we're on the hook for the 2022 maintenance fees, which we want to avoid. Kristina could not guarantee the deed back to complete in time, saying it could take up to 12 weeks, but since HIVC and Orange Lake are in the same county it could proceed much faster, allowing us to avoid the 2022 fees.

More as it develops.

8/30/2022--I just spoke to a Kristina too, and she basically told me the same thing, but would cost me $1200 to do deed back for my resort = David Walley's: 2001 Foothill Rd, Genoa, NV 89411
how did it all fall through? were you able to get it all done before 2022?
tks

 

[Mark M]

Jan 2022 edit: Users have been reporting that HICV is now assessing a $500 fee per ownership to surrender back starting in late 2021.

Admin Edit: The reported 800 number to the HIVC deedback department is: 800.298.3706

the official website for this program is here: https://orangelake.com/horizons

TUG advice article: https://tug2.net/timeshare_advice/get-out-of-holiday-inn-club-vacations-timeshare-HICV.html



Does anybody have the email address and details for requesting HICV to take back a unit?

-Scott
Owner, HICV Google+ Group

The cost to voluntarily surrender Holiday Inn timeshares has increased to $1200 per contract, plus you have to pay all maintenance fees if not settled before January 1st.

 

[Herbalwise]

HICV Horizons deed buy back program is listed as costing $1200. OK. BUT...1) Once it's executed (closed), will I still be able to use any existing reservations? 2) Can I transfer my points to an Interval International reservation and use that after the "close" of the buy back? 3) Is it still taking 4-5 months to process?

I have so many points, I don't want to just give them up. It's too late for this year so I'll pay the maintenance with an eye on dumping in June.

Any current information will be greatly appreciated.

 

[tschwa2]

They will not accept any week that has a reserved week on the books. They make you cancel before being accepted into the program The exception being fixed weeks but even that I would expect you not to be able to use after accepted into Horizons. If you want to do anything with the week or points you have to do it before it is accepted into the program. So if in points you could deposit it into II but you would have to use them up before your corporate II account goes poof. You could also pay your 2024 MF's and then use all of your HICV points before you apply for the program. I would expect it to take at least 4 months but it could take less or more. I would think you would be safe starting in late July not to have to go into 2025.

 

[Herbalwise]

They will not accept any week that has a reserved week on the books. They make you cancel before being accepted into the program The exception being fixed weeks but even that I would expect you not to be able to use after accepted into Horizons. If you want to do anything with the week or points you have to do it before it is accepted into the program. So if in points you could deposit it into II but you would have to use them up before your corporate II account goes poof. You could also pay your 2024 MF's and then use all of your HICV points before you apply for the program. I would expect it to take at least 4 months but it could take less or more. I would think you would be safe starting in late July not to have to go into 2025.

Thanks...You're the best!

 

[jackio]

HICV Horizons deed buy back program is listed as costing $1200. OK. BUT...1) Once it's executed (closed), will I still be able to use any existing reservations? 2) Can I transfer my points to an Interval International reservation and use that after the "close" of the buy back? 3) Is it still taking 4-5 months to process?

I have so many points, I don't want to just give them up. It's too late for this year so I'll pay the maintenance with an eye on dumping in June.

Any current information will be greatly appreciated.

I used their exit program when it was free. I converted my points to IHG points prior to the deed back.

 

[TUGBrian]

updated first post to reflect new/current 1200 charge.

 

[JnCSvy]

I am so glad that I stumbled across this forum and group... As 2023 comes to a close and we got our MF's due... I've been really struggling with buyers remorse... 6K in fees a year... I feel that we've went well beyond our means. I feel like suckers. We bought in to HICV with 300,000 pts actually it was probably less than that.... I feel like every time they corner us for "owner updates" we end up upgrading... we are both pushovers apparently... IDK. We refinanced that initial 300,000 points contract with our own bank so we are still paying on it, but had planned to cut that payback time from 10 years to 5. I don't have exact numbers in front of me but I'm guessing it was around $30k.
We then purchased another 200,000 pts so another IDK $30,000 because they insisted that we could use these to help cover the full cost of our vacations. That was one of my biggest complaints was OK, lodging is paid for but not airfare, car rental etc. Another huge worry was the increased MF. They convinced me to get the RCI card as then I could save by using that for my MF's.
Most recently, August of this year they convinced us that for a limited time we had access to Signature points before they go sky high with the new development being built (condos) and turned all of our points into Signature access. OK so NOW I'm sitting at 550,000 pt/yr. I missed the deadline to roll our points over to IHG because we hadn't used them... and now my total MF are over $6,000 a year. We have 3 separate contracts - with the most recent one not paid in full and financed with HICV directly and at 16% interest nonetheless. (None are truly paid in full b/c we've refinanced them with our personal bank).
I just feel stupid and overwhelmed.... and now knowing it's going to cost us 1200 PER contract to get out of any of it, plus the oh IDK.... $90,000 we have financed... I feel like we've been had. BIG TIME!!!
Any suggestions, It feels even more disgusting to hand these deeds back over.... but not really liking paying 6k a year when we aren't getting much out of it. I'm considering trying to get out of at least ONE of the deeds... I don't know? Any thoughts, insight, direction?? I am all ears! I do know that my first step will be reaching out to Horizons and finding out what they can offer us. I have read all the old posts to pull out all the great tips and advice.

P.s. Interesting side note, my husband got a call from someone claiming they were with HICV (or at least calling about it!) and were holding meetings in our area about how to get out from our maintenance fees if you don't use the property... I told him it was likely a scam? Anyone know anything about this?

 

[Tank]

I am so glad that I stumbled across this forum and group... As 2023 comes to a close and we got our MF's due... I've been really struggling with buyers remorse... 6K in fees a year... I feel that we've went well beyond our means. I feel like suckers. We bought in to HICV with 300,000 pts actually it was probably less than that.... I feel like every time they corner us for "owner updates" we end up upgrading... we are both pushovers apparently... IDK. We refinanced that initial 300,000 points contract with our own bank so we are still paying on it, but had planned to cut that payback time from 10 years to 5. I don't have exact numbers in front of me but I'm guessing it was around $30k.
We then purchased another 200,000 pts so another IDK $30,000 because they insisted that we could use these to help cover the full cost of our vacations. That was one of my biggest complaints was OK, lodging is paid for but not airfare, car rental etc. Another huge worry was the increased MF. They convinced me to get the RCI card as then I could save by using that for my MF's.
Most recently, August of this year they convinced us that for a limited time we had access to Signature points before they go sky high with the new development being built (condos) and turned all of our points into Signature access. OK so NOW I'm sitting at 550,000 pt/yr. I missed the deadline to roll our points over to IHG because we hadn't used them... and now my total MF are over $6,000 a year. We have 3 separate contracts - with the most recent one not paid in full and financed with HICV directly and at 16% interest nonetheless. (None are truly paid in full b/c we've refinanced them with our personal bank).
I just feel stupid and overwhelmed.... and now knowing it's going to cost us 1200 PER contract to get out of any of it, plus the oh IDK.... $90,000 we have financed... I feel like we've been had. BIG TIME!!!
Any suggestions, It feels even more disgusting to hand these deeds back over.... but not really liking paying 6k a year when we aren't getting much out of it. I'm considering trying to get out of at least ONE of the deeds... I don't know? Any thoughts, insight, direction?? I am all ears! I do know that my first step will be reaching out to Horizons and finding out what they can offer us. I have read all the old posts to pull out all the great tips and advice.

P.s. Interesting side note, my husband got a call from someone claiming they were with HICV (or at least calling about it!) and were holding meetings in our area about how to get out from our maintenance fees if you don't use the property... I told him it was likely a scam? Anyone know anything about this?

Horizons won’t touch you if you owe money, they have to be free and clear.

Those meetings in your area is another pitch that will only get you in deeper.

Need to just say no, stop going to those meetings.

You’ve got yourself dug into a deep hole, could rent some to help offset some cost

 

[edam72]

Has anyone tried to give it back to HICV outside of this program? I have a David Walley's timesharein Genoa NV (near Tahoe), in the newer units. Floating week, 2 bedroom with a lock off (can split it) and don't owe anything on it. Our resort was sold a couple times and now lives with HICV. So was going to see if they want it back for free to resale. Otherwise, if not, I'll post for free on here, already paid 2024 fees, so would want the taker to pay transfer costs. But, will try HICV first, maybe use my week and hangout at the sales office trying to give it away there ( I am sure they wouldn't like that though). Thanks for the info on here. I'll join to give it away if HICV tells me no way.

 

[JnCSvy]

I am so glad that I stumbled across this forum and group... As 2023 comes to a close and we got our MF's due... I've been really struggling with buyers remorse... 6K in fees a year... I feel that we've went well beyond our means. I feel like suckers. We bought in to HICV with 300,000 pts actually it was probably less than that.... I feel like every time they corner us for "owner updates" we end up upgrading... we are both pushovers apparently... IDK. We refinanced that initial 300,000 points contract with our own bank so we are still paying on it, but had planned to cut that payback time from 10 years to 5. I don't have exact numbers in front of me but I'm guessing it was around $30k.
We then purchased another 200,000 pts so another IDK $30,000 because they insisted that we could use these to help cover the full cost of our vacations. That was one of my biggest complaints was OK, lodging is paid for but not airfare, car rental etc. Another huge worry was the increased MF. They convinced me to get the RCI card as then I could save by using that for my MF's.
Most recently, August of this year they convinced us that for a limited time we had access to Signature points before they go sky high with the new development being built (condos) and turned all of our points into Signature access. OK so NOW I'm sitting at 550,000 pt/yr. I missed the deadline to roll our points over to IHG because we hadn't used them... and now my total MF are over $6,000 a year. We have 3 separate contracts - with the most recent one not paid in full and financed with HICV directly and at 16% interest nonetheless. (None are truly paid in full b/c we've refinanced them with our personal bank).
I just feel stupid and overwhelmed.... and now knowing it's going to cost us 1200 PER contract to get out of any of it, plus the oh IDK.... $90,000 we have financed... I feel like we've been had. BIG TIME!!!
Any suggestions, It feels even more disgusting to hand these deeds back over.... but not really liking paying 6k a year when we aren't getting much out of it. I'm considering trying to get out of at least ONE of the deeds... I don't know? Any thoughts, insight, direction?? I am all ears! I do know that my first step will be reaching out to Horizons and finding out what they can offer us. I have read all the old posts to pull out all the great tips and advice.

P.s. Interesting side note, my husband got a call from someone claiming they were with HICV (or at least calling about it!) and were holding meetings in our area about how to get out from our maintenance fees if you don't use the property... I told him it was likely a scam? Anyone know anything about this?

So update to my original post: I've not connected with the Horizons program for HICV but I did have to use the direct number 407-477-7058. When I tried using the 800 number it just went to the general HICV number and they knew nothing and gave me this direct number instead.
I was told that in regards to my 50,000 signature points that I still have the mortgage on that I could put it up for resale. They recommended Timesharesonly.com. Have any of you heard of this company? Are they going to try to charge me an absurd amount of money to try to resale? Am I better off trying to resell here? Has any one had any success selling the signature points? They told us that by having that small amount of signature points, we could use ALL our points as signature points? If anyone has any advice on this part, I'd appreciate it!

Regarding the other 2 contracts that are paid, I can of course go thru Horizons program and surrender them but it will cost me $1200 per contract to do so. Now that I've paid my 2024 MF, I have transferred all my points for 2024 into the IHG program and now am sitting at 450,000 points to use this year. I intend to go ahead with the deed back process once I hit August maybe, as they are saying it takes 12-14 weeks to complete and I do NOT want to be on the hook for another 6K in MF next year. Oh and another thing I was not aware of, since convincing us to upgrade to signature, our yearly membership went from $149 to $278 a year.

I am nothing short of frustrated and defeated.... but feel that it is best to get out now before digging ourselves into any bigger holes. Lesson learned the hard way.

Thank you for any advice and for reading my rant! LOL

 

[TUGBrian]

So update to my original post: I've not connected with the Horizons program for HICV but I did have to use the direct number 407-477-7058. When I tried using the 800 number it just went to the general HICV number and they knew nothing and gave me this direct number instead.
I was told that in regards to my 50,000 signature points that I still have the mortgage on that I could put it up for resale. They recommended Timesharesonly.com. Have any of you heard of this company? Are they going to try to charge me an absurd amount of money to try to resale? Am I better off trying to resell here? Has any one had any success selling the signature points? They told us that by having that small amount of signature points, we could use ALL our points as signature points? If anyone has any advice on this part, I'd appreciate it!

Regarding the other 2 contracts that are paid, I can of course go thru Horizons program and surrender them but it will cost me $1200 per contract to do so. Now that I've paid my 2024 MF, I have transferred all my points for 2024 into the IHG program and now am sitting at 450,000 points to use this year. I intend to go ahead with the deed back process once I hit August maybe, as they are saying it takes 12-14 weeks to complete and I do NOT want to be on the hook for another 6K in MF next year. Oh and another thing I was not aware of, since convincing us to upgrade to signature, our yearly membership went from $149 to $278 a year.

I am nothing short of frustrated and defeated.... but feel that it is best to get out now before digging ourselves into any bigger holes. Lesson learned the hard way.

Thank you for any advice and for reading my rant! LOL

updated first post with direct number, ty!

very sad they refer you to an upfront fee resale company, just like exploria does.

the issue is that your points are worth less than the loan balance, so you realisticaly do not have the option to sell them. HICV knows that, as does the upfront fee resale company...however neither will tell you that.

 

[Herbalwise]

Has anyone tried to give it back to HICV outside of this program? I have a David Walley's timesharein Genoa NV (near Tahoe), in the newer units. Floating week, 2 bedroom with a lock off (can split it) and don't owe anything on it. Our resort was sold a couple times and now lives with HICV. So was going to see if they want it back for free to resale. Otherwise, if not, I'll post for free on here, already paid 2024 fees, so would want the taker to pay transfer costs. But, will try HICV first, maybe use my week and hangout at the sales office trying to give it away there ( I am sure they wouldn't like that though). Thanks for the info on here. I'll join to give it away if HICV tells me no way.

Hanging out at the sales office to sell my points...excellent idea! I'll try that when we're there in March. I'll have to familiarize myself with the transfer company (LT?).

 

[Herbalwise]

You could also offer your week on the Bargain Deals page, mentioning who would pay closing costs (best deal is around $150 with LTTransfer.com).

TS

LTtransfers.com with an S

 

[JnCSvy]

updated first post with direct number, ty!

very sad they refer you to an upfront fee resale company, just like exploria does.

the issue is that your points are worth less than the loan balance, so you realisticaly do not have the option to sell them. HICV knows that, as does the upfront fee resale company...however neither will tell you that.

Thank you for the response Brian. That was what I was afraid of.
So it sounds like my best bet if I want to completely get OUT of the contract with the morgage still is to pay it off and then pay to exit all 3 of them. That will be the only way to escape the 6k in MF every year... It's sad that they have no shame for the money scheme they have going on. $3600 to get them to take them back, on top of the roughly $90K I'm paying and will be for the next 5-10 years, plus $$ to transfer points to IHG, plus making sure you are current on everything so you can get out of the damn thing in the first place.... I'm so beyond sick to my stomach over it. Very hard, expensive lesson learned.
I am very thankful for coming across your site, and appreciate the honesty and integrity of this group!

 

[Herbalwise]

Wondering, does anyone have experience with simply stopping payments? Thinking HICV, rather than receiving money, would actually have to pay money to foreclose on something they know if virtually worthless (for most resorts like Ridge Tahoe which has a ton of unsold inventory). Wondering if they would even bother.

 

[OrganicRobot]

My wife an I purchased from Orange Lakes several years ago, the sales process was grueling as we really didn't have the money at the time. We couldn't even pay our downpayment and had to defer it for several months. This past year we withdrew my 401k to pay it off as the interest rate was nearly 30%. I don't even think they offer what we have, anymore.

We have 80,000 points every other year, we were allowed to use 40,000 per year. MFs are also assessed every other year ($1200).

We no longer live in FL and there aren't any Holiday Inn resorts within 3 states of us anymore, plus we've only used our points to take one vacation. They try to up sell us at every chance they get. We've gotten more 3 day "Free" stays at places so they can pitch to us again.

Anyway, our bi-yealy $1200 was due January 1st and we haven't paid it yet. Thinking about ignoring them, but stumbled across this forum and wanted to see what you all thought.

I was excited when I found this thread and thought we could exit for as little as $10...until I kept reading and saw the updates to the program.

Don't want to pay the $1200 is fees as we don't even use the points, also really don't want to pay the $1200 to exit from the program. From the sound of it, we're stuck paying either way.

The saddest part is we only signed up originally to get fulltime access to the lazy river too (mostly lol).

Is it worth it to sell it, especially since it sounds like we have a less common one? Will they come after us if we stop paying altogether (we're already technically 17 days late on payment anyway)?

Any advice or direction would be helpful.

Thanks!

 

[OrganicRobot]

Trying to figure out if it's worth it to purchase the membership on here to possibly list my property, as it's no longer offered at Orange Lake and perfect for someone wanting very low entry level.

 

[Dancingtraveler]

Trying to figure out if it's worth it to purchase the membership on here to possibly list my property, as it's no longer offered at Orange Lake and perfect for someone wanting very low entry levels.

Sorry to hear about your situation. I can understand your frustration. I may be wrong, and hopefully someone else can clarify, but I believe that reselling your small EOY contract would OL turn it into a deeded week that could only be used by the new owner at a specific time. I’m not sure if you would actually be able to sell it.
Best of luck to you.

 

[OrganicRobot]

Thanks, hopefully that's not the case. I'm really not familiar with timeshares at all. Maybe someone that knows about these contracts can chime in.

 

[pissedoffguy]

Wondering, does anyone have experience with simply stopping payments? Thinking HICV, rather than receiving money, would actually have to pay money to foreclose on something they know if virtually worthless (for most resorts like Ridge Tahoe which has a ton of unsold inventory). Wondering if they would even bother.

My parents are dealing with this right now.

They basically fell for one of those timeshare lawyer scams and then didn't pay on the timeshare for a few years now. They called Horizons, told them what happened, and offered to pay the money back (as well as the $1200 for Horizons) to to get rid of the timeshare once and for all.

HICV would not give them anything in writing to guarantee that this would rid us of this terrible thing. So we just aren't paying.

I'll update everyone on how this goes.