RCI weeks or pojnts...how do I tell?

[cindyOH]

Posted earlier message about taking over timeshare from BIL. It's Vacation Village at Weston in FL.

He purchased it as a 2br lockout RED week, but hasn't used it fir years. Does it stay as a week or did they convert all the units to points?

How do I tell?

 

[Passepartout]

You would have to get with the resort on his particular ownership. Once one is in Points, and keeps up the MF and RCI membership, normally it would stay in Points. Sometimes, if an account lapses, it would revert back to the underlying week. Their financial office should be able to look at the account number and tell. Whether they would for someone simply contemplating ownership is another question. An estoppel letter should also contain this information. As a potential 'buyer' (They don't have to know the details) you'd be entitled to this, though the current owner might have to order it.

Jim

 

[theo]

Posted earlier message about taking over timeshare from BIL. It's Vacation Village at Weston in FL.

He purchased it as a 2br lockout RED week, but hasn't used it for years. Does it stay as a week or did they convert all the units to points?

How do I tell?

A deeded fixed week can never just be unilaterally "converted" over to RCI Points without the knowledge and overtly expressed concurrence of the owner of that week (and usually, I might add, a collected fee of +/- $2,500 or more to accomplish said conversion).

You need to have a copy of the previous deed in your hands and call the resort directly to ascertain exactly what it is that your BIL (...and soon you, apparently) own.
If the ownership has not already been "converted" to RCI Points, you are under no legal obligation to do so. If you choose to do so, the "conversion" will not be free.

 

[ace2000]

You could also ask for a current copy of the maintenance fee bill (or if you trust him completely just ask him to confirm what it says). He probably got one recently. It is definitely possible that particular resort is in RCI points, assuming they stayed current with their annual payments.

I'm assuming that he wasn't able to tell you this information?

 

[theo]

You could also ask for a current copy of the maintenance fee bill (or if you trust him completely just ask him to confirm what it says). He probably got one recently. It is definitely possible that particular resort is in RCI points, assuming they stayed current with their annual payments.

I'm assuming that he wasn't able to tell you this information?

Fwiw, it is entirely possible that even if the resort is now in RCI Points, the specific individual ownership at issue could very well still just be in "weeks".

The OP will have to independently have that conversation directly with the resort, preferably with deed in hand for easy and accurate reference.

 

[cindyOH]

BIL can't tell

He is nearly 80 & doesn't understand any of this.

Vacation Village is aware of the transfer, but can't give me specifics until they have recorded deed in our name.

I'm thinking weeks is better than points. But does that mean weeks can't trade for point resorts or point deposits?

 

[ace2000]

Fwiw, it is entirely possible that even if the resort is now in RCI Points, the specific individual ownership at issue could very well still just be in "weeks".

The OP will have to independently have that conversation directly with the resort, preferably with deed in hand for easy and accurate reference.

Nah, it's not totally necessary if the BIL has a recent bill. That would at least get the ball rolling. The resort isn't going to be able to confirm anything unless they have specific information anyway and it sounds like the BIL is in the dark. Hopefully they've stayed current with the annual payments. It wouldn't hurt to ask and find out if that bill is available.

 

[theo]

A thought...

He is nearly 80 & doesn't understand any of this.

Vacation Village is aware of the transfer, but can't give me specifics until they have recorded deed in our name.

I'm thinking weeks is better than points. But does that mean weeks can't trade for point resorts or point deposits?

The resort is simply (and appropriately and understandably) being protective of BIL privacy. If you don't yet actually own the week, they won't (again, appropriately and understandably) tell you much of anything. They are acting exactly as they should in protecting current owner privacy.

Plan B: If you really want to know the details sooner rather than later (...it could after all be weeks before the new deed actually gets recorded, at which time you'll then have to provide a copy of the recorded deed to the resort before they will tell you anything), you could instead set up a 3-way call anytime before then with you, BIL and the resort rep all on the line simultaneously. All you really want to know, after all, is whether the week at issue is already in RCI Points or not and, if so, the number of points assigned. BIL being on the line may comfort the resort rep enough to have that conversation with you, with the current owner being right there on the line and overtly authorizing the release of information to you. It wouldn't cost you anything to at least give that route a try, if you are so inclined.

I am staying completely out of any "weeks vs. points" evaluations or judgements; that's a whole other conversation and entirely your call. However, if the week at issue is not already in RCI Points, then I'm willing to bet that you are (quite understandably) unwilling to pony up $2,500 (...possibly up to 50% more than that figure) just to "convert" the week into RCI Points. If that assumption is correct, there is really no "decision" to make here at all --- "weeks" it is.

 

[vacationhopeful]

He is nearly 80 & doesn't understand any of this.

Vacation Village is aware of the transfer, but can't give me specifics until they have recorded deed in our name.

I'm thinking weeks is better than points. But does that mean weeks can't trade for point resorts or point deposits?

NO ... IMHO, RCI points is better ... Vacation Villages in RCI Points would allow you HOME RESORT booking window at 12 months from check in for an exchange fee of $40. HOME GROUP booking at 11 months with the full & regular exchange fee (like the Ft Lauderdale Beach Resort)... points would allow you to change unit sizes along with the dates. You can borrow future year points & not lose booking windows at the 12-11 month out.

 

[cindyOH]

BIL is current

VV told BIL that he had to pay maintenance fees bill due Jan 1, 2015 in full before a transfer to relative could occur. They instructed him to send full payment, complete a quit claim deed form from office max & then send notarized deed to Broward County. That all has occurred.

They purchased TS directly from VV in 2003 with a ten year RCI membership. They paid off mortgage the first year and have paid taxes every other year and maintenance fees every other year. Only additional payments was an exchange. RCI membership expired 2013.

Sounds like I need to be patient and see how it works out. Scary

 

[theo]

No need for "scary" or "patience"...

VV told BIL that he had to pay maintenance fees bill due Jan 1, 2015 in full before a transfer to relative could occur. They instructed him to send full payment, complete a quit claim deed form from office max & then send notarized deed to Broward County. That all has occurred.

They purchased TS directly from VV in 2003 with a ten year RCI membership. They paid off mortgage the first year and have paid taxes every other year and maintenance fees every other year. Only additional payments was an exchange. RCI membership expired 2013.

Sounds like I need to be patient and see how it works out. Scary ��

The 3-way phone call I suggested above would take mere minutes to completely eliminate any and all remaining uncertainty, but that's (literally) your call.
I'm not a gambler by nature, but I'd be inclined to bet that this (weeks) ownership was never converted to RCI Points.
BIL would (hopefully) remember paying out a few thousand extra dollars to have done so, 80 yrs. old nothwithstanding.

 

[tschwa2]

It is also possible that the BIL bought the unit already in points.

See if he has an RCI account. If he does see if you can log in and see.

 

[cindyOH]

RCI expired

His RCI account expired and he is sure he didn't pay anything extra since it hasn't been used for at least 7 years

 

[theo]

His RCI account expired and he is sure he didn't pay anything extra since it hasn't been used for at least 7 years

Tschwa2's point above is entirely valid --- a conversion to RCI Points could indeed have preceded your BIL's acquistion of the ownership.

I still like the 3-way, 2 minute phone call idea to clear all of this up in minutes instead of months, but that is entirely up to you.

 

[DeniseM]

Hi Cindy - Just so you know how, if you want to, you can edit your title by clicking on EDIT, then GO ADVANCED.

 

[cindyOH]

I tried

I tried explaining the 3-way, 2 minute phone call idea to BIL. He was "UGH, it's all too complicated, that's why I don't want it!"

I'm 51, but there is a big generation gap there!

 

[theo]

I tried explaining the 3-way, 2 minute phone call idea to BIL. He was "UGH, it's all too complicated, that's why I don't want it!"

I'm 51, but there is a big generation gap there!

It is certainly understandable for a (disinterested) 80 year old man to feel this way, but if you really want to pursue this before having to wait for a new deed to be recorded, you can try to softly convey to him that you will set up the call (either on your own or through your phone company) and gently convey to him that all he really has to do is pick up the phone and say "I am Joe Schmoe, the current owner and I authorize and request you ("you" meaning the resort rep) to just tell my sister-in-law Cindy Schmoe, who is here on the phone with us and who will soon be the new permanent owner, all details of this ownership." No more than that is required of him.

Not much "complication" to decipher and / or understand here, frankly. It's entirely up to you whether you want to try to softly "sell" him on the very limited effort and participation required on his end to enable you to obtain simple, straightforward ownership information and details. Your call (...no pun intended). Good luck.

 

[tschwa2]

If indeed he hasn't had rci for the last several years then the week is no longer in points if it ever was. If he is mistaken and paid for a mulit-year rci membership it may still be in points. It really doesn't matter because if you don't want it in point, then upon transfer, you would simply not set up a points account for yourself. The only possible impact would be that if it were indeed in points and you don't have a points account to transfer the current year's points you would lose this years (2015) usage. It really isn't going to matter and you can wait until the deed is in your name and the resort recognizes you as the owner. If you find out that it is currently in points, you can decide at that point if you want to pay to set up and transfer the current year into a new rci account. The fee to do so would be $224 and would include one year of rci points membership. In all likelihood that is not the case and you would just need to decide what you are going to do with the 2015 week- use it or deposit it with an exchange company.


If it is in weeks the current valuation for week 47 would be 20 for the full kitchen side and 19 for the partial kitchen side. Every week available week is given a valuation between 1 and 60. You could combine both sides for 39 but there would be an extra fee to do so. Just to give you an idea, a week 10 Virginia beach would probably get a 12. A one bedroom coastal florida in September would probably average around 18-20. So potentially you would be looking at 2 weeks for the one but there would also be an exchange fee of $209 per exchange in addition to the membership fee and MF. Vacation Village at Weston isn't a bad resort but it isn't on the ocean, it is about half an hour away. Exchanging back into the Vacation Village resorts would be $139 through RCI.

This is the list of their Florida resorts-

FLORIDA

Fort Lauderdale
Fort Lauderdale Beach Resort
Silver Seas

Hollywood
Enchanted Isle Resort
Hollywood Beach Tower

Kissimmee
Florida Vacation Villas
Grand Lake Resort
Lago Vista at Buenaventura Lakes
Lifetime of Vacations Resort at Grand Lake Resort
Villas at Fortune Place
Magic Tree

Orlando
Vacation Village at Parkway

Palm Beach Shores
Palm Beach Shores Resort & Vacation Villas

Poinciana
Alhambra at Poinciana
Alhambra Villas at Poinciana

Pompano Beach
Canada House
Lighthouse Cove Resort

Weston
Mizner Place at Weston Town Center, A Vacation Village Resort
Vacation Village at Bonaventure
Vacation Village at Weston

The full list of resorts would be Here.

 

[Rent_Share]

VV told BIL that he had to pay maintenance fees bill due Jan 1, 2015 in full before a transfer to relative could occur. They instructed him to send full payment, complete a quit claim deed form from office max & then send notarized deed to Broward County. That all has occurred.

They purchased TS directly from VV in 2003 with a ten year RCI membership. They paid off mortgage the first year and have paid taxes every other year and maintenance fees every other year. Only additional payments was an exchange. RCI membership expired 2013.

Sounds like I need to be patient and see how it works out. Scary

I was going to ask if you were sure you wanted this rather than let it fall out of his estate as a refused inheritance, whoever the beneficiary might be until I saw this post.

Whether weeks or points you will find the best way of maximizing your ownership by hanging around here and asking questions, since the deed is already on the way the Boward, you could quit claim it back and never complete the resort transfer. The HOA would have a claim for any maintenance fees incurred while you BIL was still vertical.

 

[cindyOH]

I am an idiot

Thanks everyone. I really appreciate the feed back.