PIC and Platinum VIP

[gwberg]

I’m currently Platinum because of 2 PIC properties. If I sell one or both will Wyndham demote my membership?

 

[Floridaman76]

Yes, absolutely.

 

[DRIless]

I’m currently Platinum because of 2 PIC properties. If I sell one or both will Wyndham demote my membership?

Don't tell them and they will probably never know, if you tell them then Yes, absolutely
is a correct answer.

 

[Floridaman76]

Don't tell them and they will probably never know, if you tell them then Yes, absolutely
is a correct answer.

It's an almost dead certainty that they will find out. Maybe not today, maybe not next week, maybe not next year. But they will. And then they will drop down in VIP levels.

Just like the process of transferring resale points, there seems to be no formal process and it depends on who does it, so nobody really can say when, but it's a definite "IF", eventually. Which is the point of my previous post.

 

[Sandy VDH]

My membership is similarly based, Plat VIP because of two PICs.

However my PICs I never ever deposit in wyndham I always use them. I already owned them and I PICed them just to get VIPP status. Don't intend to get rid of the PICs, and don't intended to deposit them either.

 

[gwberg]

My membership is similarly based, Plat VIP because of two PICs.

However my PICs I never ever deposit in wyndham I always use them. I already owned them and I PICed them just to get VIPP status. Don't intend to get rid of the PICs, and don't intended to deposit them either.

That sounds logical since you use them. We use one of our PICS and convert the other. I ask because, at 77 and 73 years of age, we will sooner or later not be able travel as much as do.


Sent from my iPhone using Tapatalk

 

[kc01075]

I have a Wyndham Pic and I plan to use it for a few more years and do a Quit Claim Deed back. The only way they would know if they did a ownership search by state.

 

[gwberg]

I have a Wyndham Pic and I plan to use it for a few more years and do a Quit Claim Deed back. The only way they would know if they did a ownership search by state.

I didn’t know about a Quit Claim Deed Back. How does it work? Do you need a lawyer? What’s the cost?


Sent from my iPhone using Tapatalk

 

[Floridaman76]

I have a Wyndham Pic and I plan to use it for a few more years and do a Quit Claim Deed back. The only way they would know if they did a ownership search by state.

That may not work out like you think it will.

Quit claiming a deed releases your ownership interest in the physical property. It does not release you from your responsibilities to the timeshare system. These are two distinct and separate things.

That's why, for instance, when you "buy" a resale Wyndham contract that is deeded, the first, and quickest thing that happens is the deed gets recorded in the Clerk of the Court's office. Then you go through the (long) process to attach your ownership to "the club". This is the contract you have with Wyndham that attaches your obligation to pay maintenance fees.

Similar things happen when you buy any deeded or non-deeded timeshare. And your legal obligations do not cease to exist when you quit claim your deed.

 

[DRIless]

There's such a thing as a Quit Claim Deed and with that you're giving whatever interest you have in a property to someone else, IF they will take it. You have to have the resort agree that they will accept that. You can't just say Here's a Quit Claim Deed, now it's yours. So when you say you're going to do a Quit Claim Deed Back you have to have the receiving party agree or it never transfers.

 

[Floridaman76]

There's such a thing as a Quit Claim Deed and with that you're giving whatever interest you have in a property to someone else, IF they will take it. You have to have the resort agree that they will accept that. You can't just say Here's a Quit Claim Deed, now it's yours. So when you say you're going to do a Quit Claim Deed Back you have to have the receiving party agree or it never transfers.

Ecactly right, similar to how quit claiming does nit absolve you of prior tax liabilities or an existing loan of any kind

 

[gwberg]

That may not work out like you think it will.

Quit claiming a deed releases your ownership interest in the physical property. It does not release you from your responsibilities to the timeshare system. These are two distinct and separate things.

That's why, for instance, when you "buy" a resale Wyndham contract that is deeded, the first, and quickest thing that happens is the deed gets recorded in the Clerk of the Court's office. Then you go through the (long) process to attach your ownership to "the club". This is the contract you have with Wyndham that attaches your obligation to pay maintenance fees.

Similar things happen when you buy any deeded or non-deeded timeshare. And your legal obligations do not cease to exist when you quit claim your deed.

Excellent information. Thanks!


Sent from my iPhone using Tapatalk

 

[DRIless]

It's an almost dead certainty that they will find out. Maybe not today, maybe not next week, maybe not next year. But they will.

I don't necessarily agree with you.

 

[gwberg]

I don't necessarily agree with you.

I’ll take it as an open question—for now.


Sent from my iPhone using Tapatalk