Got this from Wyndham a few weeks ago after talking to this same woman on the phone. Outright seems to have no stipulations, but maybe there would be for our expensive maintenance fee contracts. Just a note that English is not her first language, but I am trying to figure out what weeks do not qualify for certified exit after reading her email:
Good afternoon Mr. XXXX,
Certified Exit Program is subject to change,
also no all of your contracts qualify for Limited Edition option.
These are the Certified Exit Program options:
Outright is a voluntary inventory return exit program. This is a free program allowing owners with a contract that is paid in full and up-to-date on their maintenance fees to return their inventory back to Wyndham at no cost to the owner. This means the owner will be able to turn over their contract at no fee but will not be compensated for the contract.
During this process, maintenance fees must remain current, ownership cannot be used (no active reservations), points will be forfeited and RCI account will close. RCI points are also be forfeited, but if they have a pending reservation with RCI the owner can keep it.
Limited Edition is a Certified Exit program, which is free and voluntary option for owners looking to exit their ownership. Offered as an option to take back eligible inventory with no money exchanged and allows the owner to continue use of their points for three (3) years without any additional cost or maintenance fees. Limited Edition is a final transaction and cannot be reversed.
During this process, maintenance fees must remain current, ownership cannot be used (no active reservations), points will be forfeited and RCI account will close. RCI points are also forfeited but if they have a pending reservation with RCI owner can keep it.
Tribute is a Certified Exit program that allows an owner to transfer their ownership to an immediate family member at no cost to the owner so the family member will take over the contract. The receiving family member will be assigned a new member number and RCI account at the completion of the process. Old points balance will not carry over. The new account will receive "new" Use Year points. This Certified Exit option
may take 6-8 months to complete.
During this process, maintenance fees must remain current, ownership cannot be used (no active reservations), points will be forfeited and RCI account will close. RCI points are also be forfeited, but if they have a pending reservation with RCI the owner can keep it.
Kind regards,
Marcela Q. De Alvarenga
Wyndham Cares Specialist
Wyndham Destinations
6277 Sea Harbor Drive
Orlando, FL 32821
marcela.quinatodealvarenga@wyn.com
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