South Africa timeshare default

[argags]

I own at Mt Amanzi and Dikhololo for many years. Does anyone have any experience with defaulting? It's time to give them up.

 

[Busiswa]

Please give more information. I’m very interested and would love to know more about your timeshare. I unfortunately don’t have information on defaulting, but I’d be happy to take them off your hands.

 

[TUGBrian]

have you tried giving it away or contacting the resort to surrender it back as first steps prior to default?

 

[F1or1da1]

I have owned at Qwantani for over 10 years. Each year it has become more difficult to pay my levy early. For the past 4 years it has also become more difficult to get my week deposited with RCI because it isn’t the same RCI that I use in the US so multiple emails are required over weeks before I receive confirmation of availability to deposit for exchange.
My plan is to ask them if they want to forward me paperwork allowing them to take it back. If not, I’ll stop paying and ignore any communications.

 

[argags]

have you tried giving it away or contacting the resort to surrender it back as first steps prior to default?

I have contacted Mt. Amanzi. I asked about a give back program. They replied with the usual recommendations. Try to sell, try to rent. They did say a 3rd option would be to not pay my MF and the shares would then go to tender

 

[TUGBrian]

have you tried to sell or give it away per their suggestion?

 

[argags]

have you tried to sell or give it away per their suggestion?

No. Not sure what avenues are available to do that. Any suggestions?

 

[sponger76]

No. Not sure what avenues are available to do that. Any suggestions?

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[argags]

Thank you for your suggestions

 

[cerralee]

I have contacted Mt. Amanzi. I asked about a give back program. They replied with the usual recommendations. Try to sell, try to rent. They did say a 3rd option would be to not pay my MF and the shares would then go to tender

I choose option #3. I had two prime weeks which in the past would give me 17-18 TPU’s per week. The Levi’s were substantially more for a prime week than for a float week. During the past six or seven years the TPU’s dropped because RCI USA would not use the correct week to determine trading power. I finally gave up trying to get RCI USA to understand that the calendar changed based on South Africa school calenda. I even tried to convince Mt. Amanzi to do a floating week swap out for the prime weeks, no go…so I stopped paying the Levi’s. The shares went to tinder after the first year. I really liked Mt. Amanzi and would not have given my weeks up if either RCI or Mt. Amanzi had been willing to work with me.

 

[TUGBrian]

*edit, i see you posted a giveaway listing and already have an interested party! hope that works out and everyone wins!

nothing really wrong with option 3 if the first two dont work out.

pretty awful to just go straight to option 3 without at least trying 1 and 2 first.

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[argags]

I choose option #3. I had two prime weeks which in the past would give me 17-18 TPU’s per week. The Levi’s were substantially more for a prime week than for a float week. During the past six or seven years the TPU’s dropped because RCI USA would not use the correct week to determine trading power. I finally gave up trying to get RCI USA to understand that the calendar changed based on South Africa school calenda. I even tried to convince Mt. Amanzi to do a floating week swap out for the prime weeks, no go…so I stopped paying the Levi’s. The shares went to tinder after the first year. I really liked Mt. Amanzi and would not have given my weeks up if either RCI or Mt. Amanzi had been willing to work with me.

I also have had good TPU's per week. About the same 17-18 for many years. I would combine the two weeks and trade every year where I want. It's just time to give them up. The MF's are very low. How long ago did you stop paying your Levy's? Any hit to credit? Thanks

 

[beejaybee]

I stopped paying levies on the Bushman's Nek week we owned about a decade ago. Recieved a notice that my week was being returned to the management company. As far as I know that was the only repercussion.

 

[Carolinian]

I once owned three Dikhololo weeks and one Mt. Amanzi week, originally for trading with RCI but then used them with DAE Europe, too. We cut down on enchanging due to scheduling difficulties from my job in Europe, and also bailing out of RCI due to their moving to points. I was able to sell or give away all of the weeks when they ceased to be useful. I sold one for a nominal amount to one of my office staff in Europe after I had given her an exchange in Malaysia arraged through DAE Europe for her honeymoon as a wedding present. She and her husband really enjoyed that resort and asked about how to get into timesharing when they returned from the honeymoon. Since I was ready to downsize my timeshare portfollio, I sold them the Dikhololo week I had used for the exchange for a nominal amount and set them up with a DAE Europe membership.

 

[chazpbg]

I choose option #3. I had two prime weeks which in the past would give me 17-18 TPU’s per week. The Levi’s were substantially more for a prime week than for a float week. During the past six or seven years the TPU’s dropped because RCI USA would not use the correct week to determine trading power. I finally gave up trying to get RCI USA to understand that the calendar changed based on South Africa school calenda. I even tried to convince Mt. Amanzi to do a floating week swap out for the prime weeks, no go…so I stopped paying the Levi’s. The shares went to tinder after the first year. I really liked Mt. Amanzi and would not have given my weeks up if either RCI or Mt. Amanzi had been willing to work with me.

I'm curious -- what happened after it went to tender? Did someone try to collect? Or did it just mean you gave up your ownership and that was that?

 

[cerralee]

After several late notices they listed them as available for purchase and that was it.

 

[ValHam]

We gave Seapointer back in Cape Town. I think the timeshare got kicked out of rci. No trouble whatsoever. It was fully paid