Selling Wyndham Questions

[fluid power]

Hello All,
Long story short, my mother in law has almost 800,000 points in Wyndham. My father in law and her were going to use them to travel when they retired. He passed away unexpectedly and she is saddled with the monthly maintenance fees of just under $300 a month.

Her son told her it was OK to pay a broker an upfront fee to list, so needless to say, nothing happened. She keeps getting calls from a group that claims to be a company that will take the points off of her simply by getting her to sign something online.

The points are deeded, so I assume that is what the signatures are for. The company claims to be out of FLA, but a quick search of the number given shows nothing. FWIW (305-731-2389)

Questions:

1) Could there be something as easy as signing over these points when they sell of a $1 on ebay? It seems strange.

2) What is the best way to help her get rid of the points?

Thanks in advance for the help. I will continue reading and educating myself in the mean time.

Darren

**update** After reading it looks like these could be given away in the bargain section. Since I am trying to help my Mom in law out, I do not know the specifics of her time share points. I do know that they are all deeded for the Wyndham Smoky Mountains. She does have 1 fixed week here also.

What other information is needed to make this easy for me to help her? I appreciate any and all feedback.

D-

 

[rrlongwell]

... a quick search of the number given shows nothing. FWIW (305-731-2389)

The following is what I found when I googled the phone number.

www.cjrpalliance.com/webhosting/support
- Block all www.cjrpalliance.com results
If your support question is billing related, please call our site manager automated service by calling (305) 731-2389 ext 7513.

A Little About CJRP Alliance Limited

"CJRP Alliance Limited was formed in 2006 and has been in operation since September, 2006 when it acquired the branch of CJRP Computing. Since then, we have expanded our operations across the United Kingdom, United States & the Caribbean. CJRP Alliance today comprises of CJRP Computing, CJRP Domain Services, CJRP VoipCentral, CJRP Radio Online CJRP Travel and CJRP Webhosting Service ..."

I am guessing that the CJRP Travel listed above just rents the points on your behalf. I highly doubt that a one page form can transfer a deeded property.

Does she have Gold VIP Status?

Until you decide what to do, I am not recommending them but you may want to check out Wyndham' Extra Vacations program. The problem here is they say they try to rent them for you. Others have observed that it may just be for the most desirable days for the week given and that they charge 40 percent of the rental price. If the points are not being used, it might be worth a shot.

 

[fluid power]

RRLongwell,

Thanks for the info.

Yes, she does have VIP gold status.

I will keep reading and educating myself. Any and all advice is welcome.

Thanks,

Darren

 

[vacationhopeful]

Darren,
Does she have multiple HOME RESORTS where the deeds are? Converted fixed weeks? Look on HER online account under the Financial tab and explore.

Do you have the most recent copy of the paper Owner's Directory (2011-2012); if not, you can order it there for free. DO THAT --- it has the newest resorts in it. If you have the older copy, the RULEs are the same. READ IT - your Mom has more money tied up in Wyndham than she spent for YOUR COLLEGE education (more than $65,000 up to $130,000). That around here is GONE $$$ - so start to learn how to get some benefits. Afterall, either you pay the $3600 MF yearly to keep or give away the whole mess for no dollars.

Does she have an RCI or II account setup thru Wyndham? You can call them and find out --- if she is able to tell them to TALK to you.

Once we find out how many and WHERE the deeds are DEEDED to, we can give you better advice here. Does your wife have OTHER siblings who will want to use these vacations? Then your MIL will have to decide how she should divide or COST out the vacations (and the over all expenses).

READ! Your ARP period for 2012 is already almost all gone to make reservations. You will have to really work at making the 2012 reservations, esp IF you hope to get some rentals or family vacations.

IMPORTANT: If she has ALL her 2011 points (on a Jan1 to Dec 31 USE YEAR) and she did not use ANY points this year, you have less than 40 days to USE or deposit these points to her external exchange company THRU WYNDHAM.

READ!

 

[rrlongwell]

... -- if she is able to tell them to TALK to you.

Good point. If you are taking over the management of the account to use or liquidate, get a limited power of attorney signed giving you the power to take any and all actions relating to the account and file it with Wyndham and RCI. With a fixed week at Smokey Mountain and the other ones also there, the good news is that is a relatively low maintance fee per year resort. I do not know how many extended family members exist, but the discounts involved with the VIP Gold membership gives you one heck of a lot of points to use making reservations within the VIP Gold discount window. If their are enough extended family members and/or friends that are interested in taking vacations, this would be a great way for those involved to get relatively inexpensive vacations. This would be a way to handle the timeshares for a period of time.

 

[kalua]

selling Wwndham question

fluid power , I see that no one has told you yet not to use a company that ask's for a fee before they sell it for you , (Don't,) that being said if someone related to you wants to take the contract then they could receive the vip status , other wise to just resale has no such benefits, 800,000 is a large amount of point's I doubt many people want's a contract with that many point's ,because of the $300.00 maint's. fee's ,it may even be hard to give them away ! most people want a contract with 154,000 or less from what I can tell. if you look on e bay you can see timeshares have little or no value in this economy. keep us posted on what you decide to do with them ,but one of these companies will probably cost you in the neighborhood of $4-$ 6000.00 for them to take them from you and they may or may not actually transfer them out of your mil name,it's a risk. send me a message when you decide what your doing I have a neighbor who might be interested , I just got him to resind a contract I'll check with him,if you let me know what your going to do.

 

[kaio]

but one of these companies will probably cost you in the neighborhood of $4-$ 6000.00 for them to take them from you and they may or may not actually transfer them out of your mil name,it's a risk.

Not that I like to say paying up front fees is an appropriate first move. However, there are disposal companies that do take ownerships for significantly less than a $1000 (per deeded ownership) and that are an accredited BBB. Getting out of a timeshare without paying a penny upfront does not seem logical for an accredited business... just sayin... there are some disposal companies you can rely on (to get it out of your name) for a decent price without taking thousands and leaving you with your timeshare... again... just sayin....

 

[rrlongwell]

... sayin... there are some disposal companies you can rely on (to get it out of your name) for a decent price without taking thousands and leaving you with your timeshare... again... just sayin....

For the companies that you may be describing, I would think a payment of a upfront fee would still not be required. They could take ownership and all monies due could be paid at closing. If the money needed to escrowed, that would be a possablity. That way it would not be a upfront fee. It would be payment for performance.

 

[siesta]

I didnt read all the posts in the thread but the OPs, but if it hasnt been pointed out already, Wyndham Smokey Mountains is a desirable Wyndham property since it has low, stable fees. Selling this yourself on ebay or TUG and making the buyer pay closing shouldnt be that tough.

 

[brigian]

I'm curious, how much are the fees ? Are all the points on 1 contract ? Can a contract be split into smaller contracts? I see many ebay auctions 100- 200k points sell for around $400 -$800, if you can split those points up you can get a couple thousand dollars rather than pay someone a couple thousand.

I may even be interested in 150000 if possible.

 

[brigian]

Sorry , just noticed the fees are $300 per month divided by 800000 equals $4.50 per thousand. Sounds pretty fair.

 

[kaio]

For the companies that you may be describing, I would think a payment of a upfront fee would still not be required. They could take ownership and all monies due could be paid at closing. If the money needed to escrowed, that would be a possablity. That way it would not be a upfront fee. It would be payment for performance.

And if the closing could not be completed due to non compliance on the donor -(such as not providing signitures or returning necessary documents on a timely basis {especially being MF season right now).. if they decided not to pay the transfer fee after the deed is recorded... and no fees were paid upfront, the closing company would be out recording fees/time, etc... and what not... not a lot of companies would stay afloat with escrow or monies after completion because there is no cash flow to cover expenses ontop of potential risky loses due to donors backing out mid-way through the transfer... just my .02.. i've seen a lot of people forget to sign paperwork and not respond to follow ups and come back a year later wondering what happened... more often than you think which could bankrupt small start up closing companies. Also... after the transfer is completed... (with the exception of escrow), what is to say the donor would even pay at that time (3-4 months later) since they no longer own. lol.

 

[rrlongwell]

Thanks for the explaination.

 

[jjmanthei05]

I'm curious, how much are the fees ? Are all the points on 1 contract ? Can a contract be split into smaller contracts? I see many ebay auctions 100- 200k points sell for around $400 -$800, if you can split those points up you can get a couple thousand dollars rather than pay someone a couple thousand.

I may even be interested in 150000 if possible.

Not possible to split a Wyndham contract unless you are wyndham and I'm not even sure they can do that. The deed is the deed.

Jason

 

[fluid power]

Here is the latest and a break out:

735k per year

1 Deed in Williamsburg as a fixed week. 140K in points week 47, building 9 room 0202

1 Deed in TN - Smokey Mountains 595k in points.

Maintenance fees are $281 per month.

Thanks!

Darren

 

[vacationhopeful]

So she is VIP Gold? Just asking as this does NOT transfer if resold to a non-direct relative.

 

[fluid power]

She is VIP gold

D-

 

[pawleys]

Must go!

[Advertising in the discussion forums is strictly prohibited. - DeniseM Moderator]

 

[antjmar]

She is VIP gold

D-

I assume its paid off. If she can afford to pay the $3600 a year maint fees maybe she/you can book some weeks for her and rent them out. If you pick desirable weeks and with her VIP free upgrades she should be able to cover her expenses and maybe even get a "free" week or so to travel...
good luck

 

[vacationhopeful]

Excellant suggestion ... Yes, it is a bit of effort --- but very doable.

 

[mike99910]

Help in getting rid of points

Can you give me the name of a honest company that will get these points out of my name at a reasonable fee.

Thanks,

Michael
michaelrotman@yahoo.com

Not that I like to say paying up front fees is an appropriate first move. However, there are disposal companies that do take ownerships for significantly less than a $1000 (per deeded ownership) and that are an accredited BBB. Getting out of a timeshare without paying a penny upfront does not seem logical for an accredited business... just sayin... there are some disposal companies you can rely on (to get it out of your name) for a decent price without taking thousands and leaving you with your timeshare... again... just sayin....