Last minute help needed!

[TSJohnny]

Hello All,

First post, don't have a full grasp on timeshares yet, but know enough to ask for help here!

I'm trying to help my mom with her Wyndham timeshare. She and my Father had and enjoyed it for many years, but he passed last year and she doesn't want it anymore (or the MFs!) We are planning on selling the contract next year, but have done nothing with this year's points (2015) and the use year ends today.

I believe that depositing her 126k points with RCI is preferable to letting them die, depending on if the deposited points stay with the contract (and usable by new owner in the future) or are tied to her individually. I know they had used RCI in the past, but back then their interest was a fixed week, which they have now transferred to points.

Also, from my research, I believe it will require 1 Reservation Transaction (which I have the 2015 free one) and 63 Housekeeping Credits (have 126), so shouldn't cost anything on the Wyndham side. However, I've read there's a $219 Exchange Fee that RCI charges - will that have to be paid at deposit time (by us) or at time reservation is used (by new owner).

I appreciate any timely help on this, and please feel free to offer other advise on how to best proceed. TIA!!

 

[Goofyhobbie]

TSJohnny,

Welcome to TUG.

Sorry to hear about your Father's passing.

You have apparently done far more research than most who find themselves in your position on the last day of the year.

If your Mother as owner of the timeshare wants to she can contact Wyndham by phone after 8 A. M. EST this morning by calling 1-800-251-8738.

Recommend that she make the phone call as soon as possible after 8 A. M. because they will be very busy and it can be difficult to get through.

When the call is made she should have her Wyndham Account Number and be prepared to ask the representative to help her make the deposit.

As you have discovered the transaction will require 1 Reservation Transaction.

You apparently have the housekeeping points so that will be no problem.

The Exchange fee is paid when the Exchange is made and not when the deposit is made.

Note: RCI usually raises their fee for an exchange after the first of the year, so the charge for whoever makes the exchange when it is made will probably have to pay a little more than the current RCI Fee.

If your Mother wants to make an exchange she can pay the fee when she finds something she can and wants to use.

The primary goal for you this morning is get the points transferred to RCI and then relax. You can worry about when and how the points are transferred to the new owner (if your Mother does not use them herself) when the time comes next year or in 2017.

Relax and enjoy the Football games.

Have a Very Happy New Year.

P. S. I am moving your thread to the Wyndham Forum so that it will get more views.

 

[am1]

Maybe better to just get the mf credit of $2.10/k. The rci points will stay in her account until they are used by her (can add a guest name for a fee) or RCI closes the account because she o longer owns the timeshare. May want to credit pool next years points as well ($39 fee).

 

[comicbookman]

Maybe better to just get the mf credit of $2.10/k. The rci points will stay in her account until they are used by her (can add a guest name for a fee) or RCI closes the account because she o longer owns the timeshare. May want to credit pool next years points as well ($39 fee).

If she does not plan to use the RCI deposit, I would also recommend converting the points to MF's. Not a great conversion, but some money is better than no money and wasted points.

 

[markb53]

If she does not plan to use the RCI deposit, I would also recommend converting the points to MF's. Not a great conversion, but some money is better than no money and wasted points.

Converting points to Maintenance Fees has to be done in the first 3 months of the use year. Sound like the OP has a use year that ends today, so it is too late to do the conversion with 2015 points.
I would call owner care first thing this morning and explain the situation including the death in the family. Maybe leave out the part about your planing to sell the contract. See if they will grant an exception and let you either convert 2015 points to MF or allow you to credit pool the 2015 points along with the 2016 points. That might cost you $39.00 per each use year but you might be able to convenience them to do it for just one fee. Credit pooled points likely will transfer to a new owner but points deposited in RCI will likely not transfer.

Good Luck.


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