Please post Starwood ROFR transactions here (ONLY)

[YYJMSP]

Yes, but that is a simple communication issue. We didn't deed our Westins under the kids' names, but if they want to own the weeks after we are done with them or we die, the kids should think it is worthy of that communication.

Sorry, I was replying to the post you replied to

It sounded like they are wanting to add their names to.some third parties deed, and then the third party drops off the deed. In essence, a sale.

For certain relationships between the original.and new people, like what you mention, the developer rights come across. But I'm pretty sure you have to inform Vistana to do this.

Just modifying the deed (twice) shouldn't work...

 

[babamike]

Sorry, I was replying to the post you replied to

It sounded like they are wanting to add their names to.some third parties deed, and then the third party drops off the deed. In essence, a sale.

For certain relationships between the original.and new people, like what you mention, the developer rights come across. But I'm pretty sure you have to inform Vistana to do this.

Just modifying the deed (twice) shouldn't work...

I'm in the process of adding our names to our friends deed, they are getting old and not using it much.
We will leave their names on it for few 6 months or may be a year or so.

Question: If i make myself the primary account holder, will this show up under my dashboard ? I have my doubts since it's not all the same names, my existing one is myself and wife only?

If it becomes a resale or not we will find out when we remove their names.

 

[dioxide45]

I'm in the process of adding our names to our friends deed, they are getting old and not using it much.
We will leave their names on it for few 6 months or may be a year or so.

Question: If i make myself the primary account holder, will this show up under my dashboard ? I have my doubts since it's not all the same names, my existing one is myself and wife only?

If it becomes a resale or not we will find out when we remove their names.

You will probably need a new login ID.

 

[YYJMSP]

I'm in the process of adding our names to our friends deed, they are getting old and not using it much.
We will leave their names on it for few 6 months or may be a year or so.

Question: If i make myself the primary account holder, will this show up under my dashboard ? I have my doubts since it's not all the same names, my existing one is myself and wife only?

If it becomes a resale or not we will find out when we remove their names.

Not to sound like a broken record, how would Vistana know there was any change to the deed unless you tell them, and then they would potentially deem this as a resale since the new people on the deed are not in that restricted set of relations that would keep the benefits?

If this worked it would be a massive loophole, and I'm pretty sure it won't work since you have to tell Vistana...

 

[daviator]

Not to sound like a broken record, how would Vistana know there was any change to the deed unless you tell them, and then they would potentially deem this as a resale since the new people on the deed are not in that restricted set of relations that would keep the benefits?

If this worked it would be a massive loophole, and I'm pretty sure it won't work since you have to tell Vistana...

There are two parts to transferring a timeshare deed.

Changing the legal ownership is easy, you can add or subtract names from the deed, or record a sale or quitclaim deed to another party. Presto, the legal ownership has changed. MVC/Vistana doesn't have to approve and probably doesn't even know about it.

But the second part is getting the developer (MVC/Vistana) on board with the changes you have made. Just because you've changed the legal ownership, doesn't give the new owners any rights to use the Vistana reservations system or other tools. And I suspect that transferring legal ownership without notifying the developer probably violates the terms of the deed restrictions you are legally on the hook to comply with. So your clever workaround is not going to get you anywhere when you actually try to use the ownership. Vistana/MVC is not going to recognize the usage rights of the new owners, and I'm certain they would look at this as a resale.

But I don't know what they'd do if the sale/transfer had already occurred. I suppose they could sue the seller for violating the contract/deed terms and not giving them ROFR, or charge the new owner a hefty fee to be able to use what they own, or... I don't know what other remedies they might have. But I'm sure that people have tried to pull this and my expectation is that it doesn't end well. I'd love to hear from someone who had done this.

 

[LoogieMeister]

WKORVN
6k EOYO
Resort view
Platinum
Waived 7/23/24
Week 02

Sent from my iPhone using Tapatalk Pro

 

[daviator]

WKORVN
6k EOYO
Island view
Platinum
Waived 7/23/24


Sent from my iPhone using Tapatalk Pro

They don't seem to like reacquiring EOY ownerships, or is that just my incorrect impression?

I wonder if they can only add full EY weeks to the trust (Abound Trust, Flex Trust, whichever) and so buying an EOY gives them a "broken week" that they can't do anything with other than try to resell in its current form? I'm thinking they'd need to own both "halves" (even and odd) of the SAME deeded week to put it into one of the trusts, and it is really unlikely they'd get both halves. Does anyone know if that's true?

Does this same issue exist for ownerships which only consist of one half of the lockoff or the other? IIRC they did sell 1 br and studio weeks back in the day.

 

[babamike]

There are two parts to transferring a timeshare deed.

Changing the legal ownership is easy, you can add or subtract names from the deed, or record a sale or quitclaim deed to another party. Presto, the legal ownership has changed. MVC/Vistana doesn't have to approve and probably doesn't even know about it.

But the second part is getting the developer (MVC/Vistana) on board with the changes you have made. Just because you've changed the legal ownership, doesn't give the new owners any rights to use the Vistana reservations system or other tools. And I suspect that transferring legal ownership without notifying the developer probably violates the terms of the deed restrictions you are legally on the hook to comply with. So your clever workaround is not going to get you anywhere when you actually try to use the ownership. Vistana/MVC is not going to recognize the usage rights of the new owners, and I'm certain they would look at this as a resale.

But I don't know what they'd do if the sale/transfer had already occurred. I suppose they could sue the seller for violating the contract/deed terms and not giving them ROFR, or charge the new owner a hefty fee to be able to use what they own, or... I don't know what other remedies they might have. But I'm sure that people have tried to pull this and my expectation is that it doesn't end well. I'd love to hear from someone who had done this.

Thanks, I have decided not to proceed with this I don’t want any issues and deal with uncertainties in the future.

 

[SocalIB]

Westin Kaanapali Villas EOY Even Premium OV 2 Bedroom $5000 ROFR waived

 

[vacationtime1]

WKORV-OF premium (i.e. center)

$38,000 - ROFR waived

 

[dioxide45]

Westin Kaanapali Villas EOY Even Premium OV 2 Bedroom $5000 ROFR waived

Please be sure to log this at www.rofr.net

 

[FamilyEsq]

Westin Kaanapali Villas EOY Even Premium OV 2 Bedroom $5000 ROFR waived

That is a great price. Congratulations!!!

 

[rickandcindy23]

We passed on an oceanfront Center, Westin south, deeded week 10, which is reserved for us each year, $34K through Redweek.

 

[SocalIB]

Please be sure to log this at www.rofr.net

Will do!