To possibly surrender your Vacation Village At Parkway, plead your case to them

[VK80]

From what I have read on other posts , I would not recommend just stopping to pay , if you have a MTGE..We did not have a Mtge and also did not just stop paying maintenance fees. I contacted them and furnished medical info that I would not be able to travel there anymore. I was contacted, surrendended deed to them and paid $1500 and we were done. That was years ago, I do not know their policy today !! Good luck

Okay thanks, I'll check with them

 

[GJSinDBQ]

So here is my situation. We own a 2 bedroom lockout, week 13, at Vacation Village at Parkway. I've set emails to the Owners Resolution Department, explaining to them that, while we probably do not qualify for a medical or financial hardship, I have numerous stents (13 to be exact) and my wife has an autoimmune deficiency. They responded back "Sorry, we need a letter from your doctor." Probably won't get that. We paid cash for the contract and the MF are not exorbitant - about $1100 every other year. Our children do not want the timeshare and we've tried to sell it for $1 with no luck. I sent a response back to them saying that I'd be happy to pay the $1500 deed transfer fee and that we will no longer be making any MF payments. Smart move? Your thoughts? TIA

 

[escanoe]

Ask a doctor to give you a note. My bet is they would do it and not think twice.

 

[CYRUS2400]

So here is my situation. We own a 2 bedroom lockout, week 13, at Vacation Village at Parkway. I've set emails to the Owners Resolution Department, explaining to them that, while we probably do not qualify for a medical or financial hardship, I have numerous stents (13 to be exact) and my wife has an autoimmune deficiency. They responded back "Sorry, we need a letter from your doctor." Probably won't get that. We paid cash for the contract and the MF are not exorbitant - about $1100 every other year. Our children do not want the timeshare and we've tried to sell it for $1 with no luck. I sent a response back to them saying that I'd be happy to pay the $1500 deed transfer fee and that we will no longer be making any MF payments. Smart move? Your thoughts? TIA

If you send them $1500 without a firm exit plan, they will just apply it to your MF's and you will be no closer to getting out of it. Just let it go, don't send them money and don't answer the letters or calls. They will send the MF bill to collections and you may get a few letters/calls asking for payment. Your RCI account will lose access to the points. Florida is one of those states where ignoring VV will let the unit go to foreclosure. You may or may not take a credit hit. At this point in your life, do you really care about your credit score? You've tried to unload it and you've tried to work with VV. At this point, just stop paying the MF's.

 

[soAshamed]

If you send them $1500 without a firm exit plan, they will just apply it to your MF's and you will be no closer to getting out of it. Just let it go, don't send them money and don't answer the letters or calls. They will send the MF bill to collections and you may get a few letters/calls asking for payment. Your RCI account will lose access to the points. Florida is one of those states where ignoring VV will let the unit go to foreclosure. You may or may not take a credit hit. At this point in your life, do you really care about your credit score? You've tried to unload it and you've tried to work with VV. At this point, just stop paying the MF's.

I feel like I should probably stop paying MF . Too bad I didn't research all this before sending check in 2wks ago. And 2years ago before we got in all this mess. Is there any point in communicating with the Owners Resolution Department at this point since V V already denied transfer ?

 

[CYRUS2400]

From what I've experienced and read, once you've made reasonable efforts at unloading the timeshare AND made the decision to let it go to foreclosure, stop making payments and make no contact. If no loan is involved, there is little risk of a credit hit from the collections group. I sent you a DM, feel free to reach out and I can give you more about my experiences with VV.

 

[Dc3drivr]

I got a credit hit in 2024.

 

[TUGBrian]

was this for defaulting on a loan, or just the maintenance fees? would love more details!

 

[theo]

I feel like I should probably stop paying MF . Too bad I didn't research all this before sending check in 2wks ago. And 2years ago before we got in all this mess. Is there any point in communicating with the Owners Resolution Department at this point since V V already denied transfer ?

For what it’s worth (maybe nothing), Vacation Villages / Berkley Group has very recently been bought out (by Vacatia). I have no idea whether or not this change might impact the historical reluctance of VV to accept “deedbacks”, but it may be worth at least looking into it further.

 

[Tamaradarann]

For what it’s worth (maybe nothing), Vacation Villages / Berkley Group has very recently been bought out (by Vacatia). I have no idea whether or not this change might impact the historical reluctance of VV to accept “deedbacks”, but it may be worth at least looking into it further.

I think it may be too soon to notice a change in the Deedback policy of Vacation Village, Berkley Group, or Vacatia. I am hopeful that when Shin(the CEO of Vacatia) gets to look at the full picture of the future of the Timeshare Industry she will see the Financial Benefits of $0 Deedbacks in Profit for her firm as well as its importance in the Retention of Maintenance Paying Ownership.

 

[CYRUS2400]

was this for defaulting on a loan, or just the maintenance fees? would love more details!

I think I should share that I took a credit score hit AND a hit to my FICO score in the last few days. FICO dropped from 841 to 737. No Loan. I merely did not pay the Maintenance Fees for 2024. Was sent to collections in June 2024. Had a warning letter last month (January) that they were going to turn me over to a Credit Bureau. Had a notice that Transunion had dropped my score 2 days ago (only by a small amount). Yesterday, the FICO score drop showed up. I had tried to give it away, no success. I do not have a medical/financial hardship so chose to take just let it go and let the chips fall where they may.

Do I care? No. I'm not planning on borrowing any money at this point in my life.

 

[TUGBrian]

this is actually the first recorded incident of a credit hit due to unpaid maintenance fees.

if you dont mind us asking, what were the fees owed in 2024?

 

[CYRUS2400]

this is actually the first recorded incident of a credit hit due to unpaid maintenance fees.

if you dont mind us asking, what were the fees owed in 2024?

The total bill after fees and interest, as reported to the Credit Bureau, was $1649. IIRC, the annual fee for VV Parkway was in the $1150 range,

 

[frugalsc]

The total bill after fees and interest, as reported to the Credit Bureau, was $1649. IIRC, the annual fee for VV Parkway was in the $1150 rangeI

I'm actually in the same situation, reported to credit bureau and collection agency.

I think I should share that I took a credit score hit AND a hit to my FICO score in the last few days. FICO dropped from 841 to 737. No Loan. I merely did not pay the Maintenance Fees for 2024. Was sent to collections in June 2024. Had a warning letter last month (January) that they were going to turn me over to a Credit Bureau. Had a notice that Transunion had dropped my score 2 days ago (only by a small amount). Yesterday, the FICO score drop showed up. I had tried to give it away, no success. I do not have a medical/financial hardship so chose to take just let it go and let the chips fall where they may.

Do I care? No. I'm not planning on borrowing any money at this point in my life.

I'm in the exact situation, down to the drop in my credit score, my wife also saw a similar drop in her credit score. I have not tried to reach out to them and to settle but it sounds like it won't work anyways.

Only difference is that I do kind of care about our credit scores as I use it to open up credit cards for points and miles.

I guess my question are when will they stop sending my MF to collection? I think MF is every other year, will they send '26 MF to collection? And when will they just foreclose on it and take it back.

 

[frugalsc]

this is actually the first recorded incident of a credit hit due to unpaid maintenance fees.

if you dont mind us asking, what were the fees owed in 2024?

+1 $1679 to credit agency, don't remember the exact original amount due, but it's around $1200 every other year

 

[CYRUS2400]

+1 $1679 to credit agency, don't remember the exact original amount due, but it's around $1200 every other year

After double checking, my balance was $1675, but that will change over time with interest being added. Every other year, also. What is interesting is the various way the credit scores were impacted. No change to the 800 plus FICO/Vantage scores based on Experian or Equifax data, only TransUnion based scores. And, even then with TransUnion I see different scores. The FICO 8 (based on TransUnion) from the Barclay Card is the one that dropped 104 points to 737. The Vantage 3 (based on TransUnion) from Credit Karma and the Capital One Card dropped to 773. I'll be watching the scores, over time, I suspect that they will bounce back.

As for what to do, I plan on letting it go to through the process without making any contacts. Can't give these away and can't give them back to VV, so they leave you with only 1 exit option. It's ridiculous.

 

[gumbow719]

I think I should share that I took a credit score hit AND a hit to my FICO score in the last few days. FICO dropped from 841 to 737. No Loan. I merely did not pay the Maintenance Fees for 2024. Was sent to collections in June 2024. Had a warning letter last month (January) that they were going to turn me over to a Credit Bureau. Had a notice that Transunion had dropped my score 2 days ago (only by a small amount). Yesterday, the FICO score drop showed up. I had tried to give it away, no success. I do not have a medical/financial hardship so chose to take just let it go and let the chips fall where they may.

Do I care? No. I'm not planning on borrowing any money at this point in my life.

Thanks for info, Agree at this point in our lives (we own other timeshares) We will end up doing the same thing, one day !! Just not pay and not care !!

 

[opus358]

I just found a direct email to them..contact OwnersResolutions@dmresorts.com...You need to include Contract number...State your situation and maybe they will resolve for you. Good Luck...I was lucky !!!

Was this the email address you used?

 

[gumbow719]

Was this the email address you used?

It was so long ago, not sure..Only addresses in my email is rewards@vacationvillageresorts.com and parkway@dmresorts.com...I deleted all emails after I was done with them..I just googled the dmresorts.com . I think that is where you need to be..good luck !!

 

[frugalsc]

Was this the email address you used?

Please let us know how you made out if you decide to contact them. And please provide the email used. Thanks and good luck! If you're able to get out without too much of a financial hit, I might consider it. As I think other might as well.

 

[gumbow719]

Please let us know how you made out if you decide to contact them. And please provide the email used. Thanks and good luck! If you're able to get out without too much of a financial hit, I might consider it. As I think other might as well.

Didn't realize my other post had email yes ownersresoltions@dmresorts.com was the contact we got out long time ago, just had to pay a $1500 fee and we were done...I have medical issues and could no longer travel plus the Flu epidemic !!! Best of luck pleading your case

 

[opus358]

Didn't realize my other post had email yes ownersresoltions@dmresorts.com was the contact we got out long time ago, just had to pay a $1500 fee and we were done...I have medical issues and could no longer travel plus the Flu epidemic !!! Best of luck pleading your case

This is some of what they sent back to me. Not sure how to take it. What are your thoughts?
"Please provide, the name of the person, the department and/or number you contacted that referred you to contact us. This has been put in place to protect your, and all owners, personal information. For your understanding of this letter’s request, our information
is not public and requests do not come in directly from owners without proper referral. We must first verify you have been pre-qualified by the authorized parties. Upon receipt of your response we may go into further detail of what our department may be able
to assist you with."

 

[gumbow719]

This is some of what they sent back to me. Not sure how to take it. What are your thoughts?
"Please provide, the name of the person, the department and/or number you contacted that referred you to contact us. This has been put in place to protect your, and all owners, personal information. For your understanding of this letter’s request, our information
is not public and requests do not come in directly from owners without proper referral. We must first verify you have been pre-qualified by the authorized parties. Upon receipt of your response we may go into further detail of what our department may be able
to assist you with."

I am sorry I kept nothing after I was granted a reprieve and was officially OUT !!! Best of luck..

 

[frugalsc]

This is some of what they sent back to me. Not sure how to take it. What are your thoughts?
"Please provide, the name of the person, the department and/or number you contacted that referred you to contact us. This has been put in place to protect your, and all owners, personal information. For your understanding of this letter’s request, our information
is not public and requests do not come in directly from owners without proper referral. We must first verify you have been pre-qualified by the authorized parties. Upon receipt of your response we may go into further detail of what our department may be able
to assist you with."

Hi, how did you make out with this request from them? appreciate any update you can provide. I will try to reach out myself, selfishly would like approach this in a way that might lead to a favorable outcome. Thanks!