Vistana, Westin & Sheraton Deedback program

[CPNY]

a quick update on this after a very enlightening phone call this afternoon (ill wait to announce details publicly until I get the approval)....but I am hoping to provide some very good news relating to this program and especially the parties that called and were told they could not give their ownerships back.

So are you saying buy another mandatory resort resale ASAP??.. god I hope they take back my HRA deed lol.

 

[TUGBrian]

I am saying that I hope after the conversation today, that a few things can be cleared up and this program should work as intended!

hope to have more info that I can post details on soon!

 

[sjsharkie]

So are you saying buy another mandatory resort resale ASAP??.. god I hope they take back my HRA deed lol.

I'm sure they will -- for a fee depending on the resort. For HRA, they may have to hire a Bahamian lawyer so tack on $2K to any fees they charge (or subtract $2K from any value for the deed itself).

 

[CPNY]

I am saying that I hope after the conversation today, that a few things can be cleared up and this program should work as intended!

hope to have more info that I can post details on soon!

You can call me and tell me I won’t say a word LOL.

 

[CPNY]

You can call me and tell me I won’t say a word LOL.

The shady sales guy said they were most likely rolling something out in 3Q or 4Q. Was that accurate? I kind of want to pick u another mandatory resale and dump my HRA.

 

[sjsharkie]

I am saying that I hope after the conversation today, that a few things can be cleared up and this program should work as intended!

hope to have more info that I can post details on soon!

Honestly, it should be a no brainer for them. They can be selective in what they accept deed backs for and add more weeks to their flex programs to resell to others.

Thanks for giving us an update (that an update is coming)

-ryan

 

[CPNY]

Honestly, it should be a no brainer for them. They can be selective in what they accept deed backs for and add more weeks to their flex programs to resell to others.

Thanks for giving us an update (that an update is coming)

-ryan

I told the sales guy I would pay them to take my harborside unit back haha.

 

[CPNY]

I'm sure they will -- for a fee depending on the resort. For HRA, they may have to hire a Bahamian lawyer so tack on $2K to any fees they charge (or subtract $2K from any value for the deed itself).

Just called the MVC/Vistana buy back number. Currently they aren’t taking any HRA units back. She said I can put you on a wait list LOL which I took as “I just need to say something so you don’t get mad and start giving attitude over the phone at 9am.

I’d rather pick up another villages mandatory deed at 95K options for less than a one bedroom HRA. Aye

 

[TUGBrian]

update to the update says i should have the info by friday! lol

 

[CPNY]

update to the update says i should have the info by friday! lol

Better get that purchase agreement signed? Lol

 

[TUGBrian]

eh, im not sure that would be related to info on the deedback program...this really only impacts owners who have vistana mud weeks.

 

[CPNY]

Ohh lol.

eh, im not sure that would be related to info on the deedback program...this really only impacts owners who have vistana mud weeks.

I called deedback today. They def aren’t taking HRA units. I told them I would pay closing and send my right thumb lol.

Define mud week? I’m new to the lingo. Are you releasing info on a new joint program or just have info on deedbacks?

 

[TUGBrian]

as ive been told, the update is relating to the deedback program itself as it relates to US weeks (it was mentioned that resorts outside the US are likely not going to be involved with this program anytime soon).

I trust the source of the information, which is why i posted what I did.

 

[CPNY]

Thanks.

as ive been told, the update is relating to the deedback program itself as it relates to US weeks (it was mentioned that resorts outside the US are likely not going to be involved with this program anytime soon).

I trust the source of the information, which is why i posted what I did.

I don’t want to give my mandatory deed back lol I’ll keep it! For now haha. Actually trying to figure Bella star options situation. The chart they have is clearly wrong lol

 

[TUGBrian]

this thread would be more for folks interested in deedbacks.

 

[CPNY]

this thread would be more for folks interested in deedbacks.

Looking forward to hearing the news.

 

[ocdb8r]

BRIAN!??! Friday has come and passed...don't leave us hanging!

 

[Linda Wrape Williams]

Do you believe everything they tell you?


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Where do you make contact for a give back of the deed for Vistana Villages

 

[needvaca]

is your Vistana Villages in the Bella or Key West section? If so, it is a mandatory Vistana property that comes with StarOptions. This means it has value, possibly a few hundred $.

You could list it on TUG Marketplace and probably sell it very quickly.

If it's in Amelia or St. Augustine phase, it has no value, but someone may take it off your hands for free in the TUG Timeshare Giveaways section.

 

[Linda Wrape Williams]

It says on my deed Bella Florida Condominium. We've owned it since 2002 but we are now 76 and not good health. Our children do not want a timeshare. We need to not own it anymore.

 

[needvaca]

You are in luck. Bella has value. Get a TUG membership for $15 and post it here for like $500. Someone will probably buy it quickly. Make sure you use LT Transfers for the sale- they are fast and reasonably priced. Buyer can pay closing costs.
Make sure you know if it is a 2BR, 2BR Lock-off, 1BR. Also know the season (either Platinum or Gold) and maintenance fee. Put all this in your listing.
I just bought one a few months ago, otherwise I would be interested.

 

[TUGBrian]

did not get the info on friday, just shot off a reminder email!

 

[Linda Wrape Williams]

You are in luck. Bella has value. Get a TUG membership for $15 and post it here for like $500. Someone will probably buy it quickly. Make sure you use LT Transfers for the sale- they are fast and reasonably priced. Buyer can pay closing costs.
Make sure you know if it is a 2BR, 2BR Lock-off, 1BR. Also know the season (either Platinum or Gold) and maintenance fee. Put all this in your listing.
I just bought one a few months ago, otherwise I would be interested.

what or who is LT TRANSFERS

 

[Linda Wrape Williams]

Who or What is LT TRANSFERS

 

[taterhed]

I think this is good news for those of us who are aging and have difficulty traveling any more and/or don't want to burden our children/grandchildren with yearly fees.

Just a quick point: There is NO requirement that your heirs or assigns accept the transfer of a timeshare unless you do something crazy like deeding to unit to them (with their permission and signatures etc....)

Timeshares (like lots of inheritances) can be refused. They can be quitclaimed by estates (trust etc...) in many cases and if the estate has no money and the timeshares are worthless....then the timeshares are orphaned unless someone agrees to accept the ownership (deed or RTU).

Your heirs will only be 'burdened' with your timeshares if they choose to do so....