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Rayburn Country Club Resort

pedro47

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All complaints with any government agency's must be in written and signed.
Good luck.
 
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kbassosc

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I called the Bankruptcy Court for the Eastern District of Texas. A very nice woman tried to help me, said she has been getting calls about Rayburn Country from "several gentlemen" and has searched their records, but no case has shown up. I also gave her the name on the October 24, 2019 letter we received (Clyde Pederson) and nothing showed up. Finally, I asked her to check under DMI Investment Corp. which is the other company referenced on our warranty deed when we purchased in November of 2008 - nothing.
 

pedro47

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I called the Bankruptcy Court for the Eastern District of Texas. A very nice woman tried to help me, said she has been getting calls about Rayburn Country from "several gentlemen" and has searched their records, but no case has shown up. I also gave her the name on the October 24, 2019 letter we received (Clyde Pederson) and nothing showed up. Finally, I asked her to check under DMI Investment Corp. which is the other company referenced on our warranty deed when we purchased in November of 2008 - nothing.
Something is very strange going on at this resort.
 

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Something is very strange going on at this resort.
Has anyone tried to contact the timeshare directly? I am baffled that they would just send a letter stating they’re having a meeting to discuss the budget without sending some basic notification to the owners. I am sure many people like me have moved on and wrote off this timeshare when it went bankrupt, but according to previous posts, who knows if they truly went through with bankruptcy . They can come after the owners, but I’m willing to bet they’re going to get nothing from the majority of them. Who wants to throw good money after a losing proposition. If they don’t have enough business sense to contact the owners directly and advise as what has been going on, then who has enough confidence in them that they know what they’re doing going forward. Just my two cents and more than I’m going to give Rayburn when they come asking for money.
Something is very strange going on at this resort.
Has anyone tried to contact the timeshare directly? I am baffled that they would just send a letter stating they’re having a meeting to discuss the budget without sending some basic information to the owners. I am sure many people like me have moved on and wrote off this timeshare when it went bankrupt, but according to previous posts, who knows if they truly went through with bankruptcy . They can come after the owners, but I’m willing to bet they’re going to get nothing from the majority of them. Who wants to throw good money after a losing proposition. If they don’t have enough business sense to contact the owners directly and advise as what has been going on, then who has enough confidence in them that they know what they’re doing going forward. Just my two cents and more than I’m going to give Rayburn when they come asking for money.
 

pedro47

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Is this resort in bankruptcy or not? That is the question for owners at this resort. IMO
 

pedro47

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I called the Bankruptcy Court for the Eastern District of Texas. A very nice woman tried to help me, said she has been getting calls about Rayburn Country from "several gentlemen" and has searched their records, but no case has shown up. I also gave her the name on the October 24, 2019 letter we received (Clyde Pederson) and nothing showed up. Finally, I asked her to check under DMI Investment Corp. which is the other company referenced on our warranty deed when we purchased in November of 2008 - nothing.
Have you checked the local newspapers or the local television stations for any information on this resort ?

Have you attempted to book a vacation stay not as a timeshare owner?
 

kbassosc

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Have you checked the local newspapers or the local television stations for any information on this resort ?

Have you attempted to book a vacation stay not as a timeshare owner?
No, I haven't done either of those things. If I have time later, I will try those. I have decided to send the following letter via certified mail, return receipt requested, today:

September 23, 2022

Rayburn Country Timeshare Association
P.O. Box 5218
Sam Rayburn, Texas 75951
Attn.: Chad Sage, Ray Beck, and Dean Hollier

Certified Mail, Return Receipt

Re: Notice of Special Joint Meeting of the Directors and Membership to be held on October 24, 2022

Dear Sirs,

My deceased husband, Derek Basso, and I purchased a 1 bedroom unit “Deluxe Red Season White Floating (30,600 annual points)” at Rayburn Country Club in October of 2008, and received a warranty deed from Rayburn Country Timeshare Association executed on November 4, 2008. The warranty deed stated that we owned in Club Walk Villas North. As part of the purchase we naturally also paid a year’s maintenance fees. Subsequent to this purchase, we paid our annual dues (maintenance) (either early or) on time every year. We also paid the $100 special assessment invoiced on August 26, 2015.

In October of 2019, we received a letter dated October 24, 2019 from Clyde Pederson (copy enclosed) which basically stated that the timeshare was going into bankruptcy and that we should receive updates as it moved through the bankruptcy process. RCI also emailed us to advise that Rayburn Country was no longer eligible to exchange on their platform (copy enclosed). Our purchased points were therefore useless.

After receiving that letter from Mr. Pederson, we never received anything regarding bankruptcy or any other topic from or regarding this timeshare property nor any communication from any court.

Your notice of the upcoming joint Board and Membership meeting is the first communication I have received since the letter of October 24, 2019 from Mr. Pederson stating that the timeshare was going into bankruptcy. You enclosed the proposed 2022/2023 budget, however, there was no business plan enclosed nor any other documents addressing the current situation and condition of the timeshare units. There was nothing explaining what had occurred with the proposed bankruptcy.

In intermittent communications received by timeshare owners over the years prior to 2019, we were informed that the intent was to sell off some of the condos and reduce the size of the timeshare due to financial issues. Given the fact that no information had been sent to the timeshare owners for almost 3 years, I would have expected to receive a full explanation and a business plan for going forward, not just the proposed budget.

Your notice states that you plan to adopt the proposed budget. Again, there is no business plan that explains the budget and the operational plans.

Your notice further states that you plan for the directors to “authorize (i) Membership assessments for 2022/2023 and (ii) collection of unpaid assessments and taxes owing from Members for current and prior years”. Again, no information has been provided regarding the bankruptcy or possible recovery of the property, or a business plan outlining details about how the timeshare will operate successfully going forward.

I cannot sign any proxy for anyone to vote on my behalf without all of this information provided to me well in advance, so I have time to review and evaluate the business plan to proceed and operate as a timeshare.

Sincerely,

Karen N. Basso
Encls.





 

pedro47

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If this resort file for bankruptcy a legal notice should have been posted in your their/local newspapers.
 

mrsmusic

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No, I haven't done either of those things. If I have time later, I will try those. I have decided to send the following letter via certified mail, return receipt requested, today:

September 23, 2022

Rayburn Country Timeshare Association
P.O. Box 5218
Sam Rayburn, Texas 75951
Attn.: Chad Sage, Ray Beck, and Dean Hollier

Certified Mail, Return Receipt

Re: Notice of Special Joint Meeting of the Directors and Membership to be held on October 24, 2022

Dear Sirs,

My deceased husband, Derek Basso, and I purchased a 1 bedroom unit “Deluxe Red Season White Floating (30,600 annual points)” at Rayburn Country Club in October of 2008, and received a warranty deed from Rayburn Country Timeshare Association executed on November 4, 2008. The warranty deed stated that we owned in Club Walk Villas North. As part of the purchase we naturally also paid a year’s maintenance fees. Subsequent to this purchase, we paid our annual dues (maintenance) (either early or) on time every year. We also paid the $100 special assessment invoiced on August 26, 2015.

In October of 2019, we received a letter dated October 24, 2019 from Clyde Pederson (copy enclosed) which basically stated that the timeshare was going into bankruptcy and that we should receive updates as it moved through the bankruptcy process. RCI also emailed us to advise that Rayburn Country was no longer eligible to exchange on their platform (copy enclosed). Our purchased points were therefore useless.

After receiving that letter from Mr. Pederson, we never received anything regarding bankruptcy or any other topic from or regarding this timeshare property nor any communication from any court.

Your notice of the upcoming joint Board and Membership meeting is the first communication I have received since the letter of October 24, 2019 from Mr. Pederson stating that the timeshare was going into bankruptcy. You enclosed the proposed 2022/2023 budget, however, there was no business plan enclosed nor any other documents addressing the current situation and condition of the timeshare units. There was nothing explaining what had occurred with the proposed bankruptcy.

In intermittent communications received by timeshare owners over the years prior to 2019, we were informed that the intent was to sell off some of the condos and reduce the size of the timeshare due to financial issues. Given the fact that no information had been sent to the timeshare owners for almost 3 years, I would have expected to receive a full explanation and a business plan for going forward, not just the proposed budget.

Your notice states that you plan to adopt the proposed budget. Again, there is no business plan that explains the budget and the operational plans.

Your notice further states that you plan for the directors to “authorize (i) Membership assessments for 2022/2023 and (ii) collection of unpaid assessments and taxes owing from Members for current and prior years”. Again, no information has been provided regarding the bankruptcy or possible recovery of the property, or a business plan outlining details about how the timeshare will operate successfully going forward.

I cannot sign any proxy for anyone to vote on my behalf without all of this information provided to me well in advance, so I have time to review and evaluate the business plan to proceed and operate as a timeshare.

Sincerely,

Karen N. Basso
Encls.






Thank you for posting your letter. Let us know if you receive a reply.
 
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