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Just got my Wyndham 2011 Assessment--13% Increase

Star Island appears to be the culprit

Just dug out my 2009 YE statement and compared contract by contract. Three of the four contracts appear completely reasonable. The HOA fees for Star Island have increased by 25%, 29% if I exclude the property tax component which only increased by 1.6%.
 
Just dug out my 2009 YE statement and compared contract by contract. Three of the four contracts appear completely reasonable. The HOA fees for Star Island have increased by 25%, 29% if I exclude the property tax component which only increased by 1.6%.

I also own at the Star Island. I am a little confused by the statement though. I think I paid tax separately this year. For my 168K EOY points, my current payment is 359.52, next year is $434.28. I am pretty sure the current number does not include tax since I paid tax just recently. If I take tax out of next year's payment, it is only $370.44, not much of an increase at all. I read somewhere that Wyndham started to include tax in the monthly payment 2-3 years ago. But that is not the case for me, at least not this year.
 
Without knowing how anything works, I would assume that the correct fee is $88.12/year. Your "annual" point total is (105+128)/2, or 116.5, which is less than 154K.

It has been pointed out by Glenn on the Wyndham owners forum that they have not been dividing by two in previous years to determine his program fee rate category and that is what also seems to be true in my case.
 
I don't recall the exact number, but the increase in the budget (at Waterfalls) seemed reasonable. I don't think it was double-digit percentages, but could be wrong.
I went back and double checked. I was wrong; the increase was substantial. I'll have to go back and re-read the proposed budget to figure out why.
 
I also own at the Star Island. I am a little confused by the statement though. I think I paid tax separately this year. For my 168K EOY points, my current payment is 359.52, next year is $434.28. I am pretty sure the current number does not include tax since I paid tax just recently. If I take tax out of next year's payment, it is only $370.44, not much of an increase at all. I read somewhere that Wyndham started to include tax in the monthly payment 2-3 years ago. But that is not the case for me, at least not this year.

My 2011 assessment includes property tax, which was not included in the 2010 statement, but billed separately. If I exclude the property tax, 2010 assessment for 189,000 points was $735; for 2011, it is $949.38
 
My 2011 assessment includes property tax, which was not included in the 2010 statement, but billed separately. If I exclude the property tax, 2010 assessment for 189,000 points was $735; for 2011, it is $949.38

My ratio for 2010 was higher than yours and 2011 is lower than yours. Does Star Island have different phases?
 
Program Doubled

It has been pointed out by Glenn on the Wyndham owners forum that they have not been dividing by two in previous years to determine his program fee rate category and that is what also seems to be true in my case.

My program fee doubled from $32.13 to $64.26 because Wyndham charges me for every year use on the program fee. That can't be legal! I get to use 126K points every even year. Wyndham's explanation is that they charge the $.51 on the total contract points, 280K. But since I have 126K EOY even, my contract total for 2011 would be 154K, not 280K. You can't can't charge me money on what I don't have. Now in the past, they have spread the cost over two years and that is ok. Or they could charge me one year and not the next. But they can't charge you for points you do not have. I can't see it.

I sent an email online and I am waiting to see what kind of response I get from them IN WRITING. Here it is:

I just got my 2011 assesments and it is one part I do not understand. Although I am not happy with the rise in fees per thousand points, I do realize the need to keep cost in line with expenditures to insure a profitable run resort structure. However, I think that you are illegally charging EOY users Program Fees and here is why;
1) According to the letter I received that explains all of the charges, it states that the program fee is charged on total contract points. Since I have an Every Other Year Contract and the upcoming year 2011 is an odd year, the 126,000 points are not a part of my contract for this year. My letter states that my total contract is 280,000, which consists of 154,000 annual points + 126,000 EOY Even points. So the points I would receive for 2011 are 154, 000, not 280,000. If I use 2012 points in 2011, then in 2012 I would only have 154,000 points and not 280,000. There is no way I can have it both ways, so I can't legally be charged both ways. My total Contract points for 2011 is 154,000. I should be charge as such,
2) I am being penalized for having an EOY contract and having to pay twice as much or the same as a member who has 126,000 points every year. This memeber gets to use these points, deposit them into RCI or II and do anything they please. I only have half the capability, yet I have to pay the same fee. This is not right and needs to be revisited.
3)I have no idea what made the planners decide to penalize EOY members, but on the face of i, it is a poor strategy at best and an illegal action at worse. I don't want to bear the burden with these unequitable charges. If this company needs funds, then the funds should come from all of the members equally and the cost distributed evenly depending on how many points a members has and not the type of points a member has.
I hope that you would reconsider your actions(plans) concerning this matter and make for a more equitable situation. Thank you for any and all considerations.

Truly,
Gordon XXXXXXXXXX
 
I went back and double checked. I was wrong; the increase was substantial. I'll have to go back and re-read the proposed budget to figure out why.


Brian

I was looking at possibly buying a Waterfalls contract last summer and I emailed the resort manager about upcoming assesments...he said they were planning a total renovation of waterfalls (they are doing most other areas of Sea Gardens as well)....he said the SA would be $400-$700 per unit

Dave
 
There hasn't been an assessment yet, just an increase. Still not bad, around $4.35/K all told.

Honestly, the fees here have been low, and the units are probably in need of some refurbishing. I would have preferred to have been paying a slightly higher amount for capital reserves rather than have an assessment, but all things considered this is not entirely unreasonable. Perhaps that's why the amount has gone up as well. I will have to dig out my budget info.
 
Any action we can take?

Is there some action we can take against Wyndham? Wyndham clearly does not care about the members, so there is no point writing to them. I am not talking about a lawsuit. It is too costly. Is the timeshare industry regulated? Any consumer protection agency we can write to? The calculation of EOY contract program fee is clearly documented in the Wyndham directory. How could they just decide one day to double it from now on?

I have a coworker who used the consumer protection agency in our county to complain about Macy and Best Buy for some disputes that were going nowhere. Both cases were resolved within days. I don't think it will be as easy to revert the policy changes. But we have to do something or there will be no end to this trend.
 
My fees for Pagosa increased from $652/182,000 pts to $803. This is quite a substantial increase.:mad:
 
Fees at Wyndham are not the only problem

This is my 1st post on this site, I too own a Wyndham timeshare and two others (not Wyndham). I believe these fees affect EOY owners due to a billing change. It will come out to the same thing in the end. Given what I receive from Wyndham even with this increase they are giving me good value IMO. Based on what I own I am currently a Happy Owner the problem lies if you want out, they should have a program where owners could vote to convert these resorts into condos once again. This would create a new market for all these points people want to sell. I believe if you take points off the market there will be more demand for them in the future. Every owner wants to be able to sell what they bought not have to pay someone else to take it from them. Hopefully 2011 will be the turnaround year for the economy this would be a big help. Best Wishes to All
 
Wyndham 2011 assessment fees

Strange; we had a slight increase this year. We are Club Wyndham Access owners. We own 287,000 points.

As for the years before:
2010 $5.76/yr increase or .38 %
2011 $5.64/yr increase or .33 %


We are Happy.
 
I agree that there must be some means of protesting the doubling of our EOY program fee. When I asked the Owner Services rep for an address or name to write to, she did not comply and reiterated that the decision was made by the "Board" in conjunction with POAs. I can't believe that every POA agreed to this and if so, where was the member's opportunity to contribute to that decision?
It is not substantial in amount, it is the principle of the thing I am wanting to protest somewhere, as well as the concern that if this fee is so easy to double, what will be next?
 
I found The Timeshare Consumer Protection web site has a few links for filing complain at BBB, Association of Consumer Agency Administrators (NACAA), and FTC. The problem is that most of the timeshare complains are handled by the real estate board of the State. Where should we file complain about Wyndham?

I checked BBB and found report for Wyndham headquarter here.



Here is their report summary. It looks like they resolved most complaints. We should all file complains for Billing issues.

Based on BBB files, this business has a BBB Rating of F on a scale from A+ to F.

Reasons for this rating include:
921 complaints filed against business
27 complaints filed against business that were not resolved.
25 serious complaints filed against business.


These complaints concerned :
+ 86 regarding Advertising Issues
+ 127 regarding Billing or Collection Issues
+ 99 regarding Contract Issues
+ 49 regarding Customer Service Issues
+ 8 regarding Delivery Issues
+ 1 regarding Guarantee or Warranty Issues
+ 2 regarding Product Issues
+ 77 regarding Refund or Exchange Issues
+ 2 regarding Repair Issues
+ 428 regarding Sales Practice Issues
+ 42 regarding Service Issues

These complaints were closed as:
+ 694 Resolved
+ 27 Unresolved
+ 200 Administratively Closed
 
Last edited:
Based on BBB files, this business has a BBB Rating of F on a scale from A+ to F.

WOW theirs a shocker.. Wyndham rate an "F" for Failure.. another reason not to own at Wyndham..

man the hits just keep coming.. cant wait to hear/see the next round of things Wyndham does for it "owners" :clap:
 
My guess would be that Reserve Fees are the source for bulk of the increases. I think because they have been caught short on several properties that needed SA just to bring the resorts up to date, they are now taking on the cash in advance and are funding reserve funds better (or perhaps they are over funding reserves).

In general I don't think that reserves are are bad idea. I just wish they were not no so aggresive. I had 1 resort that went up 26%, and 24% of that was the reserve fund. This was for Sea Garden waterfall. And now I read on this post they are talking about a SA on top of that. That stinks, especially back to back.

Just in case you did not notice, the last line on the back side of the Annual Summary Notice Definitions and Explaination page, that is specific to Florida Property Owners.

"For your convenience, starting is 2011, FL Prop Taxes will be collected, as a seperate line time, with your monthly/annual dues." You will no longer get a seperate bill for property tax in FL.
 
I'm pretty happy with my fees at Myrtle Beach/Westwinds . . . which are overall pretty high as compared to other UDI contracts. Here is the MF history since I acquired this 77k contract:

2007: MF $406.56 + $83.70 Prog Fee = $490.26
2008: MF $440.44 + $86.82 PF = $527.26
2009: MF $492.03 + $88.12 PF = $580.15
2010: MF $500.50 + $88.12 PF = $588.62
2011: MF $516.67 + $88.12 PF = $604.79

For 2011's fees, here is the detail:

MF $4.95 = $381.15
Reserve Fund $1.42 = $109.34
PPTx $0.34 = $26.18



Von
 
Just in case you did not notice, the last line on the back side of the Annual Summary Notice Definitions and Explaination page, that is specific to Florida Property Owners.

"For your convenience, starting is 2011, FL Prop Taxes will be collected, as a seperate line time, with your monthly/annual dues." You will no longer get a seperate bill for property tax in FL.

That's funny, I didn't get this note although one of the properties in my collection is in Florida.
 
Brian

I was looking at possibly buying a Waterfalls contract last summer and I emailed the resort manager about upcoming assesments...he said they were planning a total renovation of waterfalls (they are doing most other areas of Sea Gardens as well)....he said the SA would be $400-$700 per unit

Dave

I think that is where I own at Sea Gardens. Oh well, as the other poster said, it doesn't seem unreasonable.

Joe
 
That's funny, I didn't get this note although one of the properties in my collection is in Florida.

It was not a note. It was subtle inclusion in the annual assessment page that explained the new format. I didn't notice it until I read the definitions and explainations for the third time. Look at the last line of the definitions and explanations on the back side of the page.
 
In general I don't think that reserves are are bad idea. I just wish they were not no so aggressive. I had 1 resort that went up 26%, and 24% of that was the reserve fund. This was for Sea Garden waterfall. And now I read on this post they are talking about a SA on top of that. That stinks, especially back to back.

JL.

Sandy

You should check as the increase in the reserve fund may (or may not) be used to pay for the renovations...so perhaps they are collecting the money for the renovations at Waterfalls over time via increased reserved funds and maybe you won't have a separate special assessment...i don't know but you may want to get some financials from the resort to see.
 
Screwed

yup, I got screwed by their EOY "change" as well... so I am up around 25% over 2010 now too. That combines with the "changes" to the II program where it takes nearly 3x the points to exchange into a studio low demand now... forget a few years ago we can't buy points from others anymore, I am disgusted and regret buying my contract, but what can you do? Wyndham and its execs will get their own sometime (I am telling myself that to feel better, they will all get golden chutes like all execs do)... Thank GOD I bought resale, that is the ONLY good news since buying....
 
I'm at $5.09 per K. Pretty soon my MF will be higher than what my vacation is worth.
 
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