resale concern?

[lanemarie]

Hello,

I am purchasing a resale, I am worried that the week for 2013 will be banked in II.

I am not sure if this is even a legit concern to have.

The reason I am leary is because cj timeshares who is handeling this sale found out that the original owners of the timeshare had banked this years 2012 week with II, which was a problem since I bid on this timeshare with the expectation to use this years week.

cj timeshares was able to use thier II account to issue me a guest cert. for this years usage.

So, should I be concerned that the orignial owners are going to bank the 2013 year? is there a way to figure this out before I sign the papers?

Thanks for any info. on this

 

[Gophesjo]

Typically maintenance fees have to be paid before a week can be banked - have the 2012 maintenance fees been paid? If not, I suspect you will be okay.

 

[lanemarie]

I believe they have been paid. When I purchased the timeshare what I paid was this years maintenance fees, cj timeshares sent me an email advising me that they had sent them out to the resort.

 

[lanemarie]

just to be clear the transfer is not official yet. we have just recieved the paper work it hasnt been sent back to cj timeshares yet

 

[Egret1986]

I purchased a timeshare from CJ in 2011 and it was supposed to have 2011 use

I asked if they could place a reservation for the 2011 week for my guest since the week would probably pass before final transfer was completed. The following day they informed me that the first use would not be until 2013. I cancelled the purchase.

They can check with the resort to verify next use for you. Unfortunately, CJ doesn't always do all their homework prior to listing. However, contact your seller to have them verify that next use is indeed available for 2013. A few years back, I bought a timeshare from them. The use week started about 8 months later. Three weeks prior to check-in, I found out that the legal description in the deed for the unit number meant something different than what I actually owned. I was only interested in the unit that I thought that I had purchased. I was given a full refund. They back things up.

You'll be fine, but if you're concerned; have your seller verify that the 2013 week will be available to you.

 

[Gophesjo]

Sorry for a typo in my earlier post - I meant have the 2013 fees been paid yet (rather than 2012) ... If the 2013 fees have not been paid yet, then I believe you are probably safe.

 

[ronandjoan]

just to be clear the transfer is not official yet. we have just recieved the paper work it hasnt been sent back to cj timeshares yet

Lanemarie,
Joe is right, if the fees have not been paid, then the week (for 2013) has probably not been deposited. usually, when you purchase a timeshare resale, if future year's maintenance fees have been paid by the seller, then usually the buyer is also charged for them,

How does the invoice look for what fees you are required to pay?

 

[lanemarie]

The invoice is for the 2012 years maintenance fees. I will contact trapp family lodge (where I am buying) and see if they will inform me if by chance the 2013 fees have been paid.