Rayburn Country Club Resort

[kbassosc]

I received the packet in the mail, but not in time to attend either of the webinars, unfortunately. There is value in the land, at least, and I am not familiar with the developer listed in the packet (Tram Road Lodging, LLC). I do understand that this is a desirable location with other residential property nearby. However, understand that the timeshares have not been maintained and bankruptcy was at least contemplated earlier. I am giving it some thought but likely will vote "yes".

 

[KACTravels]

They recorded the webinars and you could likely request access to the recording.

 

[weegus]

After years of not knowing what was going on, finally there was good information at the webinar. This presentation and vote package is available from sydnit@themvpservice.com
A Yes vote votes to "Wind up and terminate the Association" I have voted Yes and returned my proxy vote.

 

[mrsmusic]

Did anyone else get the email about a zoom meeting starting right now?

 

[mrsmusic]

Did anyone else get the email about a zoom meeting starting right now?

I’m trying to join and not being successful. I haven’t received any other emails or packages of info with which to vote.

 

[KACTravels]

I did, but can’t attend. I attended last month and used Proxy voting to vote “Yes” to Terminate the Association.

 

[mrsmusic]

After years of not knowing what was going on, finally there was good information at the webinar. This presentation and vote package is available from sydnit@themvpservice.com
A Yes vote votes to "Wind up and terminate the Association" I have voted Yes and returned my proxy vote.

Thanks for that. I have just sent an email.

 

[chazpbg]

Haven't been paying attention to the whole Rayburn thing in a while but again stumbled on this thread... I'll email them, but I'm guessing it might be too late? I'd certain vote to close the thing down.

 

[KACTravels]

i think they will take the votes until they have enough. Oleg us k is how they respond to your email

 

[chazpbg]

They didn't respond immediately to my email but I'll try again and/or call. Certainly, I'll be glad to be done with this -- I got what I needed out of my purchase. But... is there any reason/rationale for not wanting to deed back your unit?

 

[chazpbg]

I got the forms... Can anyone explain to me if there's any reason not to vote "yes" (I can't imagine there is...but just thought I'd ask).

 

[KACTravels]

I hope everyone votes “Yes”. I would hate for this to drag on.

 

[mrsmusic]

I got paperwork to go sign with a notary. We will do that this week. I did also get an additional packet, addressed to us, but inside the papers are someone else with a similar name. I initially thought two packets of papers meant we both had to sign individually. I emailed them and asked if we need to sign two separate sets or whether we can just shred the extras. Read what they sent to be sure before you go to the notary just in case they did the same.

 

[weegus]

I got the forms... Can anyone explain to me if there's any reason not to vote "yes" (I can't imagine there is...but just thought I'd ask).

At the meetings they explained that as no fees have been collected for the last few years and the city/county taxes have been paid by the developer, that if the time share owners wanted to resurrect the time share, then these costs would have to be paid back to the developer (approx $1.5M) and then the cost of refurbishing the units (approx $3M) would lie with the time share owners.
Apparently the proxy votes were 175 (yes) to 1 (no) in favour of terminating the Association. The developer also has approx. 1000 votes via foreclosures and deed backs etc. and will use these as votes to terminate.
I received my deed back papers today and will be signing them and sending them back to the lawyer.

 

[weegus]

Rayburn Country timeshares termination update.

8 November 2023

I received the following email from Joe Takacs, TOWB President:

"Rayburn Update
To those who have returned deeds and been paying attention – THANK YOU

As we are working through the title work, our title company has found some small corrections in the deed work and some owners may have to sign again. If you get a new deed in the mail, I want to apologize on the front end, as well as ask you to sign the new paperwork. This will ensure we can close units in the future and don’t have issues later. If you have questions about new paperwork you receive in the mail please let me know and I am happy to answer any questions.

If you haven't signed your paperwork yet (or haven't received anything in the mail) please let me know and DO NOT sign the paperwork you have. We may need to send you a new set and if we can save you time we are happy to.

Thank you again for being flexible and working with us and being patient as we navigate how to do this the right way. "

-------------------------------
1 July 2024

I requested an update on the Rayburn Country timeshares termination from Sydni Jones (aka Takacs), Vice President of Customer Service and Communication, TOWB, LLC, and this is what she advised:

"We are still working on the title searches. The county records are a mess in regards to Rayburns title so it’s taking longer than anticipated.
We are hoping to finish up in the Fall and have the deed back packages sent then.
Sydni Jones (aka Takacs)"

 

[KACTravels]

I also requested an update. Here is Sydni‘s reply.

Hey Kelly,
We are doing title unit by unit and just finished the 500’s. They are doing the 600’s next which is in your block. We are hoping in the next 30-60 days those are completed.

Documents for signature will be going out after that. Our goal is around September!

Sydni Jones (aka Takacs)
Vice President of Customer Service and Communication
TOWB, LLC
TheMVPService, LLC
Corporate Office:
1500 Town Plaza Court
Winter Springs, FL, 32708
Direct: 407-719-0064
Fax: 317-308-6597
Email: sydniT@TheMVPService.com
www.TheMVPService.com

 

[whatnow]

My understanding is they are not holding their contractual part of the bylaws which is stated below....has anyone been able to get a copy of the financials from the Timeshare Association...I believe they are asking for deed backs to protect them from breaking their part of the contract and not being sued for negligence by owners

(2) Rayburn country timeshare association Maintenance and Alterations:
The Association or its designated assignee shall maintain, repair, and replace, at its expense, all portions of Units Committed to Timeshared Ownership including, but not limited to, all doors, windows, glass, screens, rear patios, front decks, electric panels, electric wiring, electrical outlets and fixtures, air conditioners, furniture, heaters, hot water heaters, refrigerators, dishwashers, other appliances, drains, plumbing fixtures and connections, interior surfaces of all walls, floors and ceilings, interior surfaces of all walls, floors and ceilings, and all other portions within the Units which require maintenance or replacement resulting from normal wear and tear. The Association shall determine the interior color scheme, décor, and furnishings of each unit committed to Timeshared Ownership, as as the proper time for the redecoration and/or replacement thereof. The Association shall have the further right to have its employees or agents, or any subcontractor appointed by it, enter a Unit at any reasonable time to do such work as is deemed necessary by the Board of Directors of the Association to enforce compliance with the provisions hereof.

 

[weegus]

My understanding is they are not holding their contractual part of the bylaws which is stated below....has anyone been able to get a copy of the financials from the Timeshare Association...I believe they are asking for deed backs to protect them from breaking their part of the contract and not being sued for negligence by owners

(2) Rayburn country timeshare association Maintenance and Alterations:
The Association or its designated assignee shall maintain, repair, and replace, at its expense, all portions of Units Committed to Timeshared Ownership including, but not limited to, all doors, windows, glass, screens, rear patios, front decks, electric panels, electric wiring, electrical outlets and fixtures, air conditioners, furniture, heaters, hot water heaters, refrigerators, dishwashers, other appliances, drains, plumbing fixtures and connections, interior surfaces of all walls, floors and ceilings, interior surfaces of all walls, floors and ceilings, and all other portions within the Units which require maintenance or replacement resulting from normal wear and tear. The Association shall determine the interior color scheme, décor, and furnishings of each unit committed to Timeshared Ownership, as as the proper time for the redecoration and/or replacement thereof. The Association shall have the further right to have its employees or agents, or any subcontractor appointed by it, enter a Unit at any reasonable time to do such work as is deemed necessary by the Board of Directors of the Association to enforce compliance with the provisions hereof.

In a perfect world, you are correct. If you attended or listened to the calls, you would know that no one was paying maintenance fees to the Timeshare Association so as they could do these things. So many owners, as it turns out via the deed searches, were descendants of the original owners and didn't want the timeshare so didn't pay the fees and many other owners were delinquent in paying the fees. The units were old and needing so much work. I, for one, am happy to give them my deed back. As I advised above, in the meeting in 2023, the proxy votes were 175 (yes) to 1 (no) in favour of terminating the Association. The developer also has approx. 1000 votes via foreclosures and deed backs etc. and will use these as votes to terminate.