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Vistana Resort/Marriott Deed Back Program

J

JDK

TUG Member
Joined
Oct 5, 2005
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Location
Philadelphia, PA
We own at floating week at the Sheraton Vistana Resort in Orlando and Marriott’s Resale Operations offered us a Deed-Back program for our unit. We pay our maintenance fee for 2020 and get our 2020 usage, with closing/deed recording taking place in 90-120 days. We were told there would be no costs to us, Marriott pays all document prep, transfer and recording fees. The first year occupancy to Marriott Vacations would be 2021.

Does anyone have experience with this deed-back program? Sounds legit? Thanks.

Joel
 
There is a sticky thread in the Vistana forum on this - right at the top. I’d suggest heading there.
 
We just deeded back a Marriott week with no cost to us
 
It’s now offered to Westin and Sheraton owners. It’s the real deat.
 
SteelerGal said:
It’s now offered to Westin and Sheraton owners. It’s the real deat.
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Yes, the program is there but they're selective about which ones they'll take. I tried deeding back mine (biennial at Westin Mission Hills) and they've turned me down twice. Just curious - have you tried deeding back yours (the one at WDW that you're trying to give away on TUG)?
 
Thanks for replies. Seems like the deed back program is legit. They did tell me they are selective on which units are acceptable and that the program can be withdrawn at any time. I think we’ll proceed but I won’t believe it until I get confirmation of a new deed being recorded transferring our unit back to Marriott. Seems like a great deal since the unit has little value in the marketplace and the deed back will only cost us the 2020 maintenance fee. If true, I really like it!

Does anyone have answers to the following under Marriott’s Deed Back Program — The one item I do need to confirm with RCI is that all our existing Trading Power points, plus our 2020 right to use our home unit, or right to bank it with RCI for additional Trading Power points, will remain with us even after a deed transfer takes place (in 90-120 days)? Without our ownership of the timeshare or payment of maintenance fees past 2020, can we still use all of our Trading Power points into future years to trade into other resorts until the Trading Power travel windows expire? Can we still extend the travel windows and/or combine Trading Power points (for a fee) without owning a timeshare unit?
 
JDK said:
Thanks for replies. Seems like the deed back program is legit. They did tell me they are selective on which units are acceptable and that the program can be withdrawn at any time. I think we’ll proceed but I won’t believe it until I get confirmation of a new deed being recorded transferring our unit back to Marriott. Seems like a great deal since the unit has little value in the marketplace and the deed back will only cost us the 2020 maintenance fee. If true, I really like it!

Does anyone have answers to the following under Marriott’s Deed Back Program — The one item I do need to confirm with RCI is that all our existing Trading Power points, plus our 2020 right to use our home unit, or right to bank it with RCI for additional Trading Power points, will remain with us even after a deed transfer takes place (in 90-120 days)? Without our ownership of the timeshare or payment of maintenance fees past 2020, can we still use all of our Trading Power points into future years to trade into other resorts until the Trading Power travel windows expire? Can we still extend the travel windows and/or combine Trading Power points (for a fee) without owning a timeshare unit?
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Hello, I too have been offered the dead back program. I had them send me a email listing details. Thats a good point that you listed as far as being able to use your trading power for the 2020 exchange with RCI. Have you gotten any info on this from RCI?
 
We signed all the paperwork, including a deed transferring title, and a closing sheet showing no cost to us. Now awaiting receipt of a copy of the recorded deed. Nervous until I receive that recorded deed!

Re use of 2020 week. Once I saw the paperwork and called the Title Company handling the closing for a comfort level that all was legit, I prepaid my 2020 Maintenance Fee (estimated by Vistana) and immediately banked our 2020 week with RCI. Although the material says you have the use of your 2020 week, if title is transferred I don’t think their internal system will allow you to book your home resort or bank that 2020 week (since you are no longer the registered owner).

Once banked (RCI or anyone else) my understanding is that your Trading Power points will always be yours, subject only to their travel expiration dates.
 
JDK said:
We signed all the paperwork, including a deed transferring title, and a closing sheet showing no cost to us. Now awaiting receipt of a copy of the recorded deed. Nervous until I receive that recorded deed!

Re use of 2020 week. Once I saw the paperwork and called the Title Company handling the closing for a comfort level that all was legit, I prepaid my 2020 Maintenance Fee (estimated by Vistana) and immediately banked our 2020 week with RCI. Although the material says you have the use of your 2020 week, if title is transferred I don’t think their internal system will allow you to book your home resort or bank that 2020 week (since you are no longer the registered owner).

Once banked (RCI or anyone else) my understanding is that your Trading Power points will always be yours, subject only to their travel expiration dates.
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I forgot to mention that once you prepay the 2020 maintenance fee you could bank it, or book a specific week at your home resort if that’s what you want. Either way, do it before the deed back is completed.

I spoke with the group handling these deed backs who admitted this problem when telling owners they retain their 2020 week (not really true as presently set up) but that they were working on the problem. Their computer reservation systems just can’t do anything once title changes. I didn’t want to wait for them to solve this problem, so I just banked our 2020 week and I’ll deal with RCI when traveling. Good luck.
 
JDK said:
I forgot to mention that once you prepay the 2020 maintenance fee you could bank it, or book a specific week at your home resort if that’s what you want. Either way, do it before the deed back is completed.

I spoke with the group handling these deed backs who admitted this problem when telling owners they retain their 2020 week (not really true as presently set up) but that they were working on the problem. Their computer reservation systems just can’t do anything once title changes. I didn’t want to wait for them to solve this problem, so I just banked our 2020 week and I’ll deal with RCI when traveling. Good luck.
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This has long been a problem with first usage with Vistana. I bought a week several years ago where the prior owner hadn't used all of his SOs and didn't bank them. When transferred, those SOs showed up in my account. Though Vistana zeroed them out a few days later. They just took them. THe prior owner didn't get to use them.
 
JDK said:
I forgot to mention that once you prepay the 2020 maintenance fee you could bank it, or book a specific week at your home resort if that’s what you want. Either way, do it before the deed back is completed.

I spoke with the group handling these deed backs who admitted this problem when telling owners they retain their 2020 week (not really true as presently set up) but that they were working on the problem. Their computer reservation systems just can’t do anything once title changes. I didn’t want to wait for them to solve this problem, so I just banked our 2020 week and I’ll deal with RCI when traveling. Good luck.
Click to expand...

Ok to summarize. Start the deed back process then pay the 2020 Vistana Mnts. fee. Once mnts. fee has been recorded book specific week in 2020 with RCI. Does that sound right?
By the way great work on your part..
 
First, I must tell everyone that this past week we received a copy of the recorded deed, transferring our Vistana Resort timeshare out of our names, along with the other paperwork signed by the buyer (Marriott or whatever entity took title). Hooray! Finally rid of it and at no cost to us.

I may be a little crazy, but I may contact the county courthouse to confirm we received a real document just to be sure the deed is legit!

Digitaldave - You got it. When we got involved, the deed back program requires you prepay your 2020 maintenance fee before they process your paperwork. Likely an estimated amount since official invoices have not been sent out. Just call Vistana (Sheraton) to get the amount (estimated or maybe actual now) and they can process your payment. Then either book a specific week at your home resort, or bank it with RCI, II or whomever. Once the deed back is completed I understand you will no longer have these options (unless they improved their internal system which would allow you to delay this decision, but when I was working thru the deed back process this was the only option to retain the use of your 2020 week). Good luck.
 
How does one begin the process? We bought at Princeville before the resort was built and cannot travel anymore .
 
Do you have to have a paid off loan with Vistana to do this deed back process?
 
You cannot have an outstanding loan on the deed in order to do a deed-back under this program. They may do a deed-in-lieu of foreclosure, but that would be a separate issue.
 
@jabberwocky Okay, thank you for the information, I'll speak to one of the timeshare exit services that exist to see what options I have
 
diablo2424 said:
@jabberwocky Okay, thank you for the information, I'll speak to one of the timeshare exit services that exist to see what options I have
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DON'T use a Timeshare Exit service! It will cost you a lot of upfront cash! And they likely won't do anything for you! What incentive do they have if you pay them in advance???????

Now, if they work like your local Real Estate Agent, they should be paid once the property has been sold, but Timeshare Exit services don't operate like that and there are thousands of complaints about these Timeshare Exit Companies scamming folks.

Read a lot of threads regarding this issue!


.
 
diablo2424 said:
@jabberwocky Okay, thank you for the information, I'll speak to one of the timeshare exit services that exist to see what options I have
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I strongly recommend against using an exit service. There is no magic bullet. An exit service will gladly take your money, but they have no power or knowledge to get you out of your contract/loan other than leading you to default.
 
And defaulting seems to be my only option for not paying back this massive loan I owe + the crazy interest :(. Thank you for the info though, and glad to know my gut feeling of these exist services was right - they're all just scams
 
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