huge timeshare packages up on eBay

[Ridewithme38]

There still has to be a theory for value creation or investment returns. Otherwise, it's just a scam to default on maintenance fees. That is relevant because it is illegal to set up a business with intent to defraud. The plaintiff would set out to prove the intent to defraud the HOA. The defendant would have to prove that they had a legitimate theory for making money. Starting a new company because the old one is not working anymore doesn't help prove the case. In fact, it helps to prove the case of the plaintiffs.

There would have to be a history of some type to show that there was a good faith attempt to execute on that strategy for income production. If the theory of income production is collect fees for a timeshare, extract out the cash while the business is not in technical default, dump them into a holding company and then bankrupt the holding company to avoid having to pay fees. That is a clear intent that is illegal.

ALOT of the TS's being sold on Ebay are from the PCC's just a list of auctions would show that they acted on 'good faith' to resell the items, it would show that they believed that had a legitimate theory for making money, they get paid out both ends when the TS Does sell on ebay....i just don't see the courts siding with the TS companies, there's is NO way to prove that the intent is to defraud

 

[ronparise]

I was told a list would be emailed, but nothing came. I am genuinely interested in this as as opportunity going forward. But without a list, no decision could be made on what value (if any) could be placed on the lot.

I am also interested, mostly out of curiosity, but aslo for the opportunity if there is one (and if the price is right)

Im curious enough that I made an appointment to visit with them next week.

For what its worth they tell me that the 2012 fees have been paid, also that the first package has been sold. I assume that they will have more behind it

 

[mdonato]

I also got an email saying a list would be emailed but nothing came. Interesting....

 

[gnorth16]

I did get the list. There was a misunderstanding that it was an entire packages to be transferred at once and not a list of TS's that would be given away and simply transferred into you name. I deleted the list, however resorts included the Club at Cranberry, Morritt's Tortuga and Carriage hills. Each resort had 10-15 units varying from studio-2BR, every year and EOY.

Not a lot of resorts...IMO, The one's that couldn't be sold. There may have been a gem in there, but I didn't find it. IMO, there is a better selection in the bargain basement and the freebies...