Transfer time of resale contract

[DaveNV]

Hi with all of this said.Can any one tell us why so all.

What?

 

[kozykritter]

What?

I think they meant why so long, as in how long the process takes.

 

[DaveNV]

I think they meant why so long, as in how long the process takes.

Ok, thank you. I couldn't make those words mean anything.

Dave

 

[VacationForever]

Hi with all of this said.Can any one tell us why so long.
Most Of all the process is electronically done.
No one gets payed until the purchase is complete.
You would think that the process would transfer much faster.

Wyndham doesn't get paid for a resale except for the $299 transfer fees which are paid when the broker or seller sends in the request. There is no incentive to work faster. Wyndham continues to collect monthly dues from owner/seller until the contract transfers.

 

[MCLRenoNV]

We received our DocuSign today, 9/22/22. About 5 weeks from the date the Transfer request was submitted. The docs state up to another 30 days for the records to be updated, but the DocuSign came faster than we anticipated!

After signing the DocuSign transfer docs on 9/22, we were told it would take up to 30 days to finalize the transfer. We still haven’t received snail mail confirmation. I called WorldMark this AM (no wait) and they confirmed the account was in our names as of 10/20. They helped me set up the online account. So we’re now good to go 10 weeks after our broker submitted the request to WM.

 

[kozykritter]

After signing the DocuSign transfer docs on 9/22, we were told it would take up to 30 days to finalize the transfer. We still haven’t received snail mail confirmation. I called WorldMark this AM (no wait) and they confirmed the account was in our names as of 10/20. They helped me set up the online account. So we’re now good to go 10 weeks after our broker submitted the request to WM.

Congrats! In my case the snail mail letter showed up about 3 weeks after my broker notified me the change of names was complete/I set up my online account. I can't imagine what takes them so long!

 

[Huskerpaul]

Just got my DocuSign from WM today 9/16. Making progress =)

The ebay seller Timesharediscounts' closing agent emailed to tell me the account was active on 10/21 while I was traveling. Still nothing via USPS.

Somewhat disturbingly, I found that the prior owner's credit card information was still saved to the account! So if you just bought an account you may want to check that and if you are selling make sure to delete all credit cards before transfer is complete.

 

[VacationForever]

The ebay seller Timesharediscounts' closing agent emailed to tell me the account was active on 10/21 while I was traveling. Still nothing via USPS.

Somewhat disturbingly, I found that the prior owner's credit card information was still saved to the account! So if you just bought an account you may want to check that and if you are selling make sure to delete all credit cards before transfer is complete.

Yeah, I had 3 credit card numbers from prior owner saved in the account!

 

[MCLRenoNV]

Yeah, I had 3 credit card numbers from prior owner saved in the account!

I didn’t see any credit card numbers in mine so they must have cleared them out before the transfer.

 

[VacationForever]

When I sold my WM back in 2016, I deleted stored credit card information before I sent in request to transfer the contract. Thereafter, I manually paid the quarterly dues until it transferred. I think we should remember to do this step before we sell our contracts.

 

[ron.manuel]

I bought a resale contract through one of the trusted resale brokers listed on wmowners.com, Michael Dosh of Best Timeshare, on July 14 and the request was made to Worldmark on the same day. DocuSign was received on August 19. I received snail mail from Worldmark on August 29 and I got my account set up the same day. It took a total of 6 weeks and 4 days from start to finish.

Consider yourself lucky. I'm at 13 weeks and still waiting.

 

[VacationForever]

My friend whom I help with purchase of a resale contract put in a transfer request through the broker on August 2. The seller just got the DocuSign doc on Oct 28. It was routed to him, i.e. the buyer on Nov 1 and he just signed and submitted the same day. So it has been 3 months and hopefully the transfer is completed within the next 4 weeks.

 

[MCLRenoNV]

Consider yourself lucky. I'm at 13 weeks and still waiting.

I would suggest calling WorldMark if it has been 30 days from the date you signed the DocuSign docs (hopefully you have made it that far in 13 weeks). I called around 5 weeks later and was told it had transferred to my name about a week prior to my call. I still have not received a snail mail verification letter but I do have login access to our account. Just make sure you have the account number you purchased handy when you call. FYI- I called at 6:30 AM and there was no wait.

 

[ron.manuel]

Thanks for the advice. I’m at 7 weeks since Docusign.

 

[ron.manuel]

I would suggest calling WorldMark if it has been 30 days from the date you signed the DocuSign docs (hopefully you have made it that far in 13 weeks). I called around 5 weeks later and was told it had transferred to my name about a week prior to my call. I still have not received a snail mail verification letter but I do have login access to our account. Just make sure you have the account number you purchased handy when you call. FYI- I called at 6:30 AM and there was no wait.

I called title services and learned up to 6 weeks after Docusign is normal. They’ll investigate why mine isn’t done after 7.

 

[Huskerpaul]

Ooops

 

[Huskerpaul]

The ebay seller Timesharediscounts' closing agent emailed to tell me the account was active on 10/21 while I was traveling. Still nothing via USPS.

The official letter finally came today 11/7 in the mail.

 

[armrecsys]

Hi it has been 4 weeks now, still Waiting.
I called the resort , and told me if we had purchase the unit from them . It wild have taken two weeks .