TUG Review Crew: Expert
- Jun 6, 2005
- Reaction score
- The Hamptons, NY
- Resorts Owned
- Marriott Bluegreen WestinStJohn VGV, SBx2 & CVx2 SVV Morritt's Seaside
This is essentially what i was told.Here is the information from the email they sent today after I called:
Maintenance Fee: Must be and stay current until process is complete. Any paid fees are not refundable.
Documentation to return inventory: You understand that you will receive by email documentation to return your inventory. These documents must be signed, notarized, and returned within the number of days indicated on the documentation. Please keep in mind the sooner the documentation is returned the earlier the process may be completed.
Processing Timeframe: Processing timeframes are 6 to 8 weeks to complete the entire process and to receive a cancellation letter.
Title Issues: Discrepancies with owner recorded transfer deeds, issues with chain of title, missing documentation needed to record with deed to return inventory, proof of name changes, estate matters etc. and other changes that were not received by Wyndham Title department, may delay the processuntil proper documentation is received.
Ownership: You must own contract for at least 12 months
Third Party Financial Institution: Any portion of loan paid using a credit card or any other financial institution (PayPal, bank loan, mortgage equity or other) is of sole responsibility of owner accepting an Ovation option.
Reservations: All reservations will be canceled and points forfeited. You will be able to keep any secured reservation paid with Resort Condominium International (RCI).
New Travel reservations during Ovation process: In the event that you book a reservation during this process your request to return your inventory may be cancelled. In case you use your points/credits with Wyndham Destinations or one of its business partners (Travel, RCI, and others) during the process, your cancelation may be interrupted and you will have to wait until the next use year to participate in the Ovation program, once all points are available.
Points usage: Future year’s points must be unused or reservation must be canceled or point rental option is also available.
Multiple contracts: One acknowledgement per contract is required and must be returned.
Ovation by Wyndham offer: Program and inventory acceptance may change without notice. Any changes in the program, will not impact a case that is in process.
I was not offered the three year free use.
What was key for me was the ability to keep confirmed exchanges with Interval International.
I will deposit my 2019 points this week to II and confirm exchanges. These points would expire 9/30/19. I currently have two confirmed exchanges in my II account for 2020 so will also confirm and EPlus the new deposits this week into 2021.
I was told it takes 8-10 weeks to get the paperwork and 4-6 weeks after I send them back to be completed. Until that time I pay my monthly maint fee. I was given a case number to reference if I need assistance.