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Question About Purchase

JudiZ

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Back in September, I contacted another Tugger about purchasing a timeshare. I didn't hear back for several weeks and assumed that the seller had either found another buyer or changed their mind. Then I heard back. They wanted me to contact LT, which I did, but then LT needed paperwork from the seller. Another several weeks later, they responded. I paid LT and then was asked to provide 2020 MFs (I am getting 2020 use) since it was so close to the end of the year as well as $100 transfer fee - no problem since I sent them to LT. So now we are approaching the end of the year and still nothing. LT sent me an email that they need to get the notarized paperwork from the seller but I am all set on my end. I am getting a bit nervous since I have no idea how long the actual transfer will take and no idea how long it will be before I can reserve my week. If it were the transfer I was waiting for, I would at least know there was something formailzed. How long do I wait for someone who clearly sees no sense of urgency to complete the sale? This has been "in process" for more than three months. Am I missing something here? Any thoughts? Should I hunker down or make a run for it?

Thanks,
Judi
 

Grammarhero

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Back in September, I contacted another Tugger about purchasing a timeshare. I didn't hear back for several weeks and assumed that the seller had either found another buyer or changed their mind. Then I heard back. They wanted me to contact LT, which I did, but then LT needed paperwork from the seller. Another several weeks later, they responded. I paid LT and then was asked to provide 2020 MFs (I am getting 2020 use) since it was so close to the end of the year as well as $100 transfer fee - no problem since I sent them to LT. So now we are approaching the end of the year and still nothing. LT sent me an email that they need to get the notarized paperwork from the seller but I am all set on my end. I am getting a bit nervous since I have no idea how long the actual transfer will take and no idea how long it will be before I can reserve my week. If it were the transfer I was waiting for, I would at least know there was something formailzed. How long do I wait for someone who clearly sees no sense of urgency to complete the sale? This has been "in process" for more than three months. Am I missing something here? Any thoughts? Should I hunker down or make a run for it?

Thanks,
Judi
Both of my LT Transfers sellers returned their paperwork quickly. Maybe send one more email or phone call to the seller that they need to send in the notarized affidavit ASAP, or you will withdraw from the transaction. Which resort is it? If it’s a Diamond resort, it will take longer since Diamond now requires a separate affidavit.
 

JudiZ

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I sent the email last week, 12/20, when I got the email from LT that they were still waiting to hear from the seller. No response. It is a Bluegreen at Hershey (not points but a float week). My usual experience is, whether I am selling or buying, that everyone wants to finish the closing. I just feel like I am "missing something." Perhaps not. Thanks for your advice.
 

Grammarhero

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I sent the email last week, 12/20, when I got the email from LT that they were still waiting to hear from the seller. No response. It is a Bluegreen at Hershey (not points but a float week). My usual experience is, whether I am selling or buying, that everyone wants to finish the closing. I just feel like I am "missing something." Perhaps not. Thanks for your advice.
Hate for you to lose $100. Given my sellers filed paperwork quickly and called me if I was even two days late, it doesn't bode well for you. I wouldn't blame you for withdrawing. By delay, seller is affecting your ability to book the float week you want. Sorry you have to lose $100.
 

JudiZ

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Thanks, again, grammarhero. Sort of the way I am feeling but I am disappointed. Perhaps not meant to be.
 

Grammarhero

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@Fredflintstone @dgalati what are your takes? Maybe I should be appreciative, instead of annoyed, when my LT Transfer sellers contacted me when I was two days late.
 

dgalati

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@Fredflintstone @dgalati what are your takes? Maybe I should be appreciative, instead of annoyed, when my LT Transfer sellers contacted me when I was two days late.
Very odd a seller is taking any amount of time to notarize deed needed for transfer. All is good if you deposited funds with LT. I always have signed, notarized and mailed back the same day I received the new deed to transfer.
 

Fredflintstone

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@Fredflintstone @dgalati what are your takes? Maybe I should be appreciative, instead of annoyed, when my LT Transfer sellers contacted me when I was two days late.

Not knowing the flow, I am always the happy go lucky fella as long as everything works well in the end. Bigger fish to fry perhaps?

What’s that old saying? Don’t worry, be happy.


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SteelerGal

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Sorry. In a similar situation however I’m the seller. Just need the last piece of notarized ppwk. We are contacting the buyer again.
 

JudiZ

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All money is with LT so I am not worried about that at least. I am definitely the "don't worry, be happy" kind of woman but, well, I sort of miss things sometimes; unintended consequences, mostly. I guess that's my concern. My husband and I discussed this again after my post and we both really felt that 10 days with no response (to us or LT) from the seller seemed to indicate something but we don't know what. The seller has had the deed paperwork since the beginning of December. Seller's remorse? Who knows?

My parents live in what we lovingly refer to as a "dead zone." No phone service and sketchy Internet since they live in (not near) a forest! And everyone needs a break from screens. So we kept telling ourselves not to overreact, maybe they were taking a break or on vacation or something else. That being said, I am really concerned about being able to use our week in 2020. It is a small resort with high demand in the summer and since it is really, in no small part, about the extended family, we are on the school calendar on this one.

Thanks to all for your feedback.
 

Panina

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All money is with LT so I am not worried about that at least. I am definitely the "don't worry, be happy" kind of woman but, well, I sort of miss things sometimes; unintended consequences, mostly. I guess that's my concern. My husband and I discussed this again after my post and we both really felt that 10 days with no response (to us or LT) from the seller seemed to indicate something but we don't know what. The seller has had the deed paperwork since the beginning of December. Seller's remorse? Who knows?

My parents live in what we lovingly refer to as a "dead zone." No phone service and sketchy Internet since they live in (not near) a forest! And everyone needs a break from screens. So we kept telling ourselves not to overreact, maybe they were taking a break or on vacation or something else. That being said, I am really concerned about being able to use our week in 2020. It is a small resort with high demand in the summer and since it is really, in no small part, about the extended family, we are on the school calendar on this one.

Thanks to all for your feedback.
I would send one more email saying if you don’t hear back from them by January 7, you will not be moving forward with the deal. I would also call. Their phone number is on the forms submitted to LTS. I would also call the resort and tell them you are in the process of buying a flex week, no names need to be given, and ask if they have any 2020 summer flex weeks available. My guess is there are none left. If none are left you might want to consider renegotiating usage start 2021 and you start paying mf for 2021.
 

WVBaker

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Actions like this always raise the question of when are you no longer obligated under a contract? Grammarhero and Fred, you may be able to answer this.

I've always placed a limitation on when closing and settlement must take place unless agreed to by both parties. I've always suggested 45 days from the date the contract is signed. Should either party not place such a clause in the wording, when are you no longer bound by the contract itself?

Any thoughts?
 

JudiZ

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Panina, thank you. That is brilliant! I will call the resort tomorrow. Thank you.

WVBaker, this is indeed one of those times when a date would have been helpful. Having bought and sold more than a few timeshares, it never really occurred to me to set a limitation date on closing. Lesson learned. I don't truly think I will ever be buying another timeshare but this is a lesson learned nonetheless.

Thanks for your input!
 

Grammarhero

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Actions like this always raise the question of when are you no longer obligated under a contract? Grammarhero and Fred, you may be able to answer this.

I've always placed a limitation on when closing and settlement must take place unless agreed to by both parties. I've always suggested 45 days from the date the contract is signed. Should either party not place such a clause in the wording, when are you no longer bound by the contract itself?

Any thoughts?
I checked my LT contract. Looks like there’s no real obligation to complete. Whoever doesn’t complete the contract pays LT though. I did see that if the buyer doesn’t complete the transaction, seller gets the deposit. I hope the deposit is just $50. I would even say the seller doesn’t deserve the deposit given lack of good faith.

In this industry, we are all well-aware timing is of the essence. Because of the delays, you might not get the week you want. There aren’t any LT contract clauses about good faith. However, it doesn’t appear that the seller acted in good faith. Good faith would be determined by industry standards in such a case, going by timing is of essence.

even if they were in a dead zone, there are libraries. Like I said, when I got busy with work and couldn’t get to a notary for two days, my seller called me.
 
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goaliedave

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I agree with the 'it's been too long' crowd. 'Where there is smoke there is fire". I've twice had a bad feeling as buyer and shut things down. Mostly sellers are emailing too much as grammarhero said, which is better.

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JudiZ

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Happy ending. I did cancel the sale with LT and received a lovely email from Isabelle about the seller in which she said that they had worked with her many times and that this was an anomaly. She said that they would, of course, follow my instruction to cancel but just wanted me to know. It was a completely professional, yet personal, response. The seller followed a few days later with an apology and a reasonable explanation. I had called the resort, as Panina had recommended, and was told that there were no weeks available when I wanted them. Unbeknownst to me, the resort has two "pools," one for points and one for weeks. There were no points weeks left but there were weeks for week owners! The seller booked me a great week (that will transfer with ownership) so the sale was reinstated and it was a happy ending for all. Thanks to all of you for your advice/support and, once again, kudos to LT for their professionalism with humanity. I appreciate that you all were willing to offer your support.
 

WinniWoman

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Happy ending. I did cancel the sale with LT and received a lovely email from Isabelle about the seller in which she said that they had worked with her many times and that this was an anomaly. She said that they would, of course, follow my instruction to cancel but just wanted me to know. It was a completely professional, yet personal, response. The seller followed a few days later with an apology and a reasonable explanation. I had called the resort, as Panina had recommended, and was told that there were no weeks available when I wanted them. Unbeknownst to me, the resort has two "pools," one for points and one for weeks. There were no points weeks left but there were weeks for week owners! The seller booked me a great week (that will transfer with ownership) so the sale was reinstated and it was a happy ending for all. Thanks to all of you for your advice/support and, once again, kudos to LT for their professionalism with humanity. I appreciate that you all were willing to offer your support.


Just found this thread. Glad everything worked out!
 
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