How can we get rid of a Kauai Beach Villas interval ownership?

[waginger]

It's never been a secret, and has been advertised on the Wyndham site for years now.

I am 80% sure that the person who approved the surrender that another TUGger documented did so against the wishes of management, and probably lost their job because of it.

That Wyndham has an exit program itself is not a secret, I agree.
That for a brief time it was possible to exit KBV however does seem to have been. See also post #19

 

[bnoble]

Well, again--I think there was an exit path because some representative screwed up, not because Wyndham suddenly became exceptionally benevolent and willing to take on weeks with a potential liability of 10K each.

 

[DeniseM]

Folks - Wyndumb and the Board are not your friends. They are going to do whatever serves Wyndumb the best - not owners, so don't expect anything else.

 

[DRIless]

Luanne -- the resort will likely "go under" due to the flooding from a tropical cyclone and more importantly, the construction defects (some people want to change the narrative and facts) detected when assessing the repairs following the tropical cyclone.

Some KBV contracts are selling on eBay, but that may just be inviting a lawsuit from the buyer, once the buyer discovers the pending special assessment(s) that are clearly public knowledge within the scope of any current owner at the time of sale. A nightmare for both sides of the transaction.

I was there at KBV earlier this month and made the mistake of asking for an OF or OV unit. Here's what I learned,' all second hand.
There are two OF buildings and both are EMPTY except for the legacy owners who hold the deed to a specific unit wholly owned. These two buildings have yellow tape all around them marking them as Hazard Areas. The problem appears to be the stress members in the concrete are all rusted out on their fasteners and it's waiting to cave. The soffits and stairwell ceilings have all been removed and the contractor walked. Temporary covers to keep animals out are all ripped to shreds by the winds and noisily flap in the breeze all day. It's third world.
The third building affected is further from the water, but nothing is between it and the water. That's the building I was in. Because it further it does not have the serious structural concrete problem. The same third world breeze flapping temporary covers on the soffits and stairwell ceilings exist. Inside the units are dated. When I arrived my door was in a locked open position. There were two split unit air conditioners and also two portable floor units duct taped to the vent louvers from when there was not any A/C. They removed those portable units when I complained. My partner complained that 'her' bathroom (attached to the bedroom in this 1BR/2Ba condo was smaller than the second bathroom that served the common areas, oh well.
The rest of the units on the property seemed to be better maintained. Their pool was tiny with only 7 lounge chairs, really? You could use the pool at the Outrigger hotel adjacent.

 

[benoma88]

It's never been a secret, and has been advertised on the Wyndham site for years now.

I am 80% sure that the person who approved the surrender that another TUGger documented did so against the wishes of management, and probably lost their job because of it.

Wyndham advertised a deed back program for years, Wyndham is resort management, then HOA (KBV BOD) shut it down?? Smells fishy... like self-dealing interest.

 

[rmarywendy1]

I talked with KBV and they referred/transferred me to Wyndham Financial Services Center who said that the Deed Back program has been suspended. The suggestion from everyone I talked with was to try to sell 3rd party... I just want to give the thing away! Who is going to buy it with the assessment hanging over it.

 

[DeniseM]

Just stop making the payments...

 

[rmarywendy1]

Tell would be buyers or take overs the Truth. We do not know for sure when the special assessments will be. We have already paid for one smaller one which is supposed to be to repair buildings H and G. When they repair Those, they will increase the income of the resort DRAMATICALLY. That should help limit increases in the maintanence fees..and maybe they can resell the units in those buildings quicker since their views are spectacular.

 

[DeniseM]

rmarywendy1 - The buildings are closed and condemned and falling apart. After visiting them in October, it was clear to us that they are never going to be reopened.

My report & pictures from October:

Just visited KBV

Will post report and pictures later today. Sent from my iPhone using Tapatalk

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