Possible Re-Sale Path to VIP Status?

[jjmanthei05]

imho, vip status is a wyndham scam in which it conveys certain benefits to one group of owners (vip) at the expense of another set of owners.

if i have 1 . m points why shouldnt i enjoy the same benefits as vip members

If whndham wants to reward retards that pay at list price let it come from wyndham, not other members pockets

total scam and would be upheld as illegal if someone sued over this

Even though I would love to have said benefits with my resale points but since they are not deeded benefits and so they are given at wyndham's discretion.

 

[chapjim]

imho, vip status is a wyndham scam in which it conveys certain benefits to one group of owners (vip) at the expense of another set of owners.

if i have 1 . m points why shouldnt i enjoy the same benefits as vip members

If whndham wants to reward retards that pay at list price let it come from wyndham, not other members pockets

total scam and would be upheld as illegal if someone sued over this

Your opinion is deservedly humble.

VIP status may be a scam but in no way does it come at the expense of other owners. If I recall correctly, the expense was mine.

The reason you shouldn't enjoy the same benefits is quite simple -- you didn't pay for them. You paid three or four cents on the dollar? And you want benefits?

In what way did my benefits come out of your pocket?

Be my guest in filing suit. Better yet, do it yourself. After all, you should have the same rights as someone who actually went to law school, studied for and passed the bar exam.

By chance, have you been living in a public park since last summer? You have a warped sense of entitlement.

 

[tschwa2]

Not a Wyndham owner but my question is- does Wyndham take your very large purchase amount and set aside a portion in an account marked to pay for upgrades, extra housekeeping, extra transaction fees and any other VIP benefits to reimburse the HOA's expenses or does it pocket your amount and let the HOA's pay for the expenses based on # of points owned? If there is no line item on the budgets showing Wyndham reimbursement then all members are indeed supplementing VIP benefits.

 

[shorts]

Not a Wyndham owner but my question is- does Wyndham take your very large purchase amount and set aside a portion in an account marked to pay for upgrades, extra housekeeping, extra transaction fees and any other VIP benefits to reimburse the HOA's expenses or does it pocket your amount and let the HOA's pay for the expenses based on # of points owned? If there is no line item on the budgets showing Wyndham reimbursement then all members are indeed supplementing VIP benefits.

Actually, yes, there is a line item in the VOA budget where SALES reimburses several million $$ a year for VIP benefits. Not sure if it is just an estimated % based on number of VIP members or if there is specific accounting of use but there is reimbursement from the Sales Department.

So VIP benefits are not paid for by other owners or by the HOAs or resorts.

 

[rrlongwell]

Actually, yes, there is a line item in the VOA budget where SALES reimburses several million $$ a year for VIP benefits. Not sure if it is just an estimated % based on number of VIP members or if there is specific accounting of use but there is reimbursement from the Sales Department.

So VIP benefits are not paid for by other owners or by the HOAs or resorts.

Two seperate issues were raised:

1. VIP is a scam, if the poster has proof of this he is free to pursue his legal remedies for this. I am not sure, if he is correct that it is a scam, where he would be an injured party unless he bought from or through Wynhdam.

2. VIP rights were sold pursuant to at least some of the contracts. Are the rights under the contract transferable? Not being an attorney, I do not know. Wynhdam apparently believe they are not. The point being made in an earlier post is absolutly correct about the person buying from the developer having as part of the purchase price the right to VIP Priveledges and the right to transfer these rights to family, via will, etc. is accurate. These are arguably ownership rights to the orginal buyer and to those parties that the VIP rights can be transfered to.

I have heard it said the the Developer is the one that pays for the VIP rights.

 

[antjmar]

By chance, have you been living in a public park since last summer? You have a warped sense of entitlement.

:rofl: Thats a good one!

IMO no different then a frerquent flyer getting a free first class ticket upgrade. He spends a lot with a company therefore gets some free perks. he shouid be rewarded and so should Wyndham VIP's!

 

[antjmar]

Two seperate issues were raised:
2. VIP rights were sold pursuant to at least some of the contracts. Are the rights under the contract transferable? Not being an attorney, I do not know. Wynhdam apparently believe they are not. The point being made in an earlier post is absolutly correct about the person buying from the developer having as part of the purchase price the right to VIP Priveledges and the right to transfer these rights to family, via will, etc. is accurate. These are arguably ownership rights to the orginal buyer and to those parties that the VIP rights can be transfered to.

Im not a lawyer either but ill add my 2 cents! If the VIP perks are part of the contract and they dont transfer I think current VIPS should pursue a class action suit. Its in their best intrest since their contracts would be much more valuable if you also were able to transfer those VIP perks.

 

[rrlongwell]

Im not a lawyer either but ill add my 2 cents! If the VIP perks are part of the contract and they dont transfer I think current VIPS should pursue a class action suit. Its in their best intrest since their contracts would be much more valuable if you also were able to transfer those VIP perks.

I agree that is a killer to re-sale value.

 

[kev5982]

So I'm trying to understand this whole VIP thing. I have a million points bought through a developer and have acquired Platinum status. I merged my points with a friend's points and we bought additional points through a developer to obtain the VIP Platinum status. Both names are on the contract.

If I buy additional points do they get treated as the same as the original if my name is the only one on the contract. I would do this if I ever wanted to separate the contracts. If I bought 1,000,000 additional points through resale on a separate contract would these have platinum status?

Sorry for the confusion, I recently married and I'm trying to get my wife platinum status. She is not on the original contract.

Thanks,

kevin

 

[persia]

Not giving VIP to resale is a bit like saying you bought your car through resale therefore we won't honour the warranty. You didn't pay full price on the car after all, why should you get the warranty?

 

[rrlongwell]

... Sorry for the confusion, I recently married and I'm trying to get my wife platinum status. She is not on the original contract.

Talk with members services so I do not accidentally mislead you. If your wife has her own account, just add her or your name to one of the deeds and Wynhdam should merge the accounts if the total number of contracts do not exceed X (I think 14 or 15). If she does not have a seperate account, add her name to one of your contracts and add her as a owner to the existing account.

 

[bnoble]

Kevin: as I understand it, for different deeds to belong to the same account, they need to be titled identically---same owners, in the same order. I think you should be able to add your wife to your deeds, and vice versa, combining them, and I would bet Wyndham would even help you do so, because this is a "family transfer", though it would probably cost you transfer costs.

But, yes as the prior poster suggested, talk with Member Services to make sure you do this the right way.

 

[persia]

Kevin,

Resale points do not count towards VIP. If you separate your points from your friend's points each of you must have 1 million developer points to be platinum VIP on separate contracts. Any resale points that you own can then be used as VIP points, as per Wyndham's "points are points" policy.

Robert

 

[persia]

In a family transfer, how does Wyndham verify that the person you are transferring ownership to is actually family?

Robert

 

[rrlongwell]

In a family transfer, how does Wyndham verify that the person you are transferring ownership to is actually family?

Robert

They required documents showing relationship for us.

 

[rrlongwell]

Kevin: as I understand it, for different deeds to belong to the same account, they need to be titled identically---same owners, in the same order. I think you should be able to add your wife to your deeds, and vice versa, combining them, and I would bet Wyndham would even help you do so, because this is a "family transfer", though it would probably cost you transfer costs.

But, yes as the prior poster suggested, talk with Member Services to make sure you do this the right way.

In our cases, all deeds do not need to be titled the same, they just had to be overlapping ownership.

 

[kev5982]

So I could add my wifes name to my contract and deed so it would pass along to her. My friend would not want my wife on her contract so I would have to check if my wife could be added to the account.

At some point the contracts will have to split.

 

[persia]

Can you add a non-relative to the contract? If so the transaction could be done in two steps.

1) Add non-relative to contract
2) remove original owner from contract

Does this work?

Robert

 

[rrlongwell]

So I could add my wifes name to my contract and deed so it would pass along to her. My friend would not want my wife on her contract so I would have to check if my wife could be added to the account.

At some point the contracts will have to split.

You will need to deal with that when the time comes. If I am right, and you do not have to have her on all contracts, just add her to the one with your name on it with a right to survivorship (talk with an attorney and member services).

 

[rrlongwell]

Can you add a non-relative to the contract? If so the transaction could be done in two steps.

1) Add non-relative to contract
2) remove original owner from contract

Does this work?

Robert

I talked to Wynhdam at one point on a similar issue. What I was told at that point was a non-relative could be added to a VIP eligable contract if the orginal owner was still alive and on the deed. if the VIP eligable owner came off the deed, then thoughs points would no longer be VIP eligable.

 

[rrlongwell]

So I could add my wifes name to my contract and deed so it would pass along to her. My friend would not want my wife on her contract so I would have to check if my wife could be added to the account.

At some point the contracts will have to split.

I am not clear how many contracts you own, your friends own, and your wife owns. If there is only one contract at this point between you and your friend, than you might need to buy a low point value contract from Wynhdam just in your name and your wife's name then add that contract to your account. Please do check with member's services to make sure they are on board with the specific path you follow.

 

[bnoble]

At some point the contracts will have to split.

One thing to remember here: if, after the split, either (or both) account(s) no longer qualify for Platinum, eventually Wyndham will catch on and "demote" them.

 

[jjmanthei05]

Im not a lawyer either but ill add my 2 cents! If the VIP perks are part of the contract and they dont transfer I think current VIPS should pursue a class action suit. Its in their best intrest since their contracts would be much more valuable if you also were able to transfer those VIP perks.

One thing to remember is that VIP benefits are in no way tied to a contract, they are tied to an account and it is not possible to transfer an account. for example if you have 4 developer purchases for 250K each, none of these by themselves have the VIP benefits but the 4 contracts combined give the member number platinum status. that is why currently VIP owners can use VIP benefits on resale points.

Jason

 

[jjmanthei05]

I am not clear how many contracts you own, your friends own, and your wife owns. If there is only one contract at this point between you and your friend, than you might need to buy a low point value contract from Wynhdam just in your name and your wife's name then add that contract to your account. Please do check with member's services to make sure they are on board with the specific path you follow.

All contracts under one account have to be deeded the exact same way. For example if there are already 4 contracts under the account you couldn't just buy a new one with your wife's name on it and then she is on the account. That deed would be put into it's own member number. You would have to get all 4 contracts redeeded to get this done.

Jason

 

[jjmanthei05]

So I could add my wifes name to my contract and deed so it would pass along to her. My friend would not want my wife on her contract so I would have to check if my wife could be added to the account.

At some point the contracts will have to split.

You can deed them in your will to pass on without having her on title. Contracts can be willed to immediate family members and keep developer status.

Jason