Hey Guys,
First time buyer of timeshare. I'm buying a worldmark timeshare through resale at Redweek. I'm buying 20,000 pts with Award Date of October. The contract that I signed with redweek said that I would reimburse the current owner for Oct 2022 as this was already paid.
here is the exact wording:
Special Instructions: Seller has requested an updated Estoppel. Buyer shall receive the points that will be awarded in October, 2022. Buyer to be responsible for the 2022 maintenance fees and taxes. Seller has paid the 2022 fees and taxes and provided proof of payment. Buyer will reimburse Seller for said 2022 fees in the amount of $1,745.51 at closing.
NOTE: Seller must continue to keep the monthly fees current with WorldMark until the transfer of ownership has been completed. Buyer will reimburse Seller for any 2023 fees paid. Seller must provide proof of payment in order to be reimbursed for the 2023 fees.
however, i got the contract from worldmark and this is what i'm seeing:
I'm not understanding why there is a Remaining Balance and the annual billing is 01/01/2023 yet october 2022 and october 2023 is already paid.
Maybe i'm making a big deal about nothing but just want to understand.
First time buyer of timeshare. I'm buying a worldmark timeshare through resale at Redweek. I'm buying 20,000 pts with Award Date of October. The contract that I signed with redweek said that I would reimburse the current owner for Oct 2022 as this was already paid.
here is the exact wording:
Special Instructions: Seller has requested an updated Estoppel. Buyer shall receive the points that will be awarded in October, 2022. Buyer to be responsible for the 2022 maintenance fees and taxes. Seller has paid the 2022 fees and taxes and provided proof of payment. Buyer will reimburse Seller for said 2022 fees in the amount of $1,745.51 at closing.
NOTE: Seller must continue to keep the monthly fees current with WorldMark until the transfer of ownership has been completed. Buyer will reimburse Seller for any 2023 fees paid. Seller must provide proof of payment in order to be reimbursed for the 2023 fees.
however, i got the contract from worldmark and this is what i'm seeing:
I'm not understanding why there is a Remaining Balance and the annual billing is 01/01/2023 yet october 2022 and october 2023 is already paid.
Maybe i'm making a big deal about nothing but just want to understand.