RCI Suspended Eagle Village Tamiment

[natalia]

Just received this email:

“Dear Owner,

We understand that Eagle Village has had many issues over the past several years and many people have requested to exit their timeshare. As owners who are current on your dues, we are offering a deed transfer option for $960.00. This covers all costs associated with preparing the deed, filing, recording, and transfer taxes. Once completed this will close out your account.

If you are one of the owners who wish to exit and take advantage of this offer, please respond back to us at CustomerService@EagleVillageResort.com and we will have the documents prepared for you.

Best regards,

Customer Service
Eagle Village Resort”

What are your thoughts for current owners? I don't want to loose money unnecessarily. Should we wait to see if another entity makes a land offer and buys us out or should we take this offer? There's no way to know the right choice for sure. There are many other timeshare properties that have been in this situation. Maybe there's a way to aggregate the dispositions of them all to get a sense of the outcome in this situation? What might the intended desired outcome be for the Oakes group by making this offer? Any logical answers would be helpful. Thanks in advance for any constructive ideas.

Another question that comes to mind is how this $960.00 figure can now be offered by EV when in the recent past EV was suggesting that owners contact a certain individual who was charging $2500 or so for the same service? (I honestly do not want to appear negative however none of the suggestions,requests,recommendations from the new management at EV during the last year (July 2024) add up.

 

[FloRidatraveler2007]

Another question that comes to mind is how this $960.00 figure can now be offered by EV when in the recent past EV was suggesting that owners contact a certain individual who was charging $2500 or so for the same service? (I honestly do not want to appear negative however none of the suggestions,requests,recommendations from the new management at EV during the last year (July 2024) add up.

This $960 is to pay employees John Oakes has not paid in over 6 weeks for work at EV. This is his standard routine.

 

[nellevad]

The initial 2500 was industry standard because a portion of the fee went straight to the Association to pay for at least 2 years of MFs while trying to resell the unit. That is considered good fiduciary because it helps support current owners. 760×2=1520. 1520 + 960 = 2480. So you see, there is no Association anymore. No need to send money to them. The 960 is to pay the realestste closing costs of them person in California who is doing all the Closings with the guy in Stroudburg.. Doesn't cost 960 to close, so I think the rest goes to bushkill property owners/John oakes.

 

[nellevad]

I think there is a big push now to get rid of all the owners.