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new purchase...is this a good deal?

ecwinch

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Marriott Harbour Point (HP), Kauai Beach Villas, Riverside Suites, WorldMark Pts (WM), Wyndham Pts
Well Eric is wrong on one very important point. The Developer (years before Wyndham and back to the original creation of Worldmark) did not create a "Special Class" of no NHK Accounts vice all the regular Accounts. Originally all Accounts were NHK. The Developer/BOD discovered this was not sustainable financially. MF's could not pay for everything. So they decreed that all Accounts purchased after "X" date would have House Keeping Fees after they used all their House Keeping Tokens. So actually the illegal class is the regular accounts.

Like so much of the rationalization that NHK account holders engage in, this is fastest path to ending NHK. It is a straight line to all accounts are NHK, ergo housekeeping fees are a fee that the BoD has no legal authority to impose on the members for reservations made with credits purchased from the Club's authorized agent. That punches a big hole in the WMtC budget that has to be filled somehow.
 

haras

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I’m almost close to closing escrow on my worldmark. Can someone explain to me why the remaining dues are more than the annual maintenance fees? I know worldmark prepared this document. I’m still confused.
 

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ecwinch

TUG Member
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Resorts Owned
Marriott Harbour Point (HP), Kauai Beach Villas, Riverside Suites, WorldMark Pts (WM), Wyndham Pts
I’m almost close to closing escrow on my worldmark. Can someone explain to me why the remaining dues are more than the annual maintenance fees? I know worldmark prepared this document. I’m still confused.

I had something like this happen to me on my last resale purchase. Seller picked a date when they thought the sale would close, and only paid dues up thru that date.

Where it impacts you is that they will not complete the transfer until someone pays that lingering balance. In my case it was a smaller amount, so I just paid it. As the seller was taking the position that I was the one who was getting that year's credits.
 

Eric B

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There's a 10,000 credit WM account listed on Timeshare Nation right now that would be free, including the transfer costs, if this one falls through for OP, @haras. It will probably go quickly, though.
 

Eric B

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Yeah, they go quickly. Hadn't noticed the update to the inventory until this morning.
 

haras

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Wanted to report that the transfer is complete. I’m having a hard time logging into the account and have to call customer care again. I can’t wait to use it in interval.
 

Mongoose

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Hyatt Pinion Pointe, HGVC The Bay Club, HGVC Elara, Worldmark
Wanted to report that the transfer is complete. I’m having a hard time logging into the account and have to call customer care again. I can’t wait to use it in interval.
How long did it take to complete the transfer?
 
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