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Vistana, Westin & Sheraton Deedback program

DavidnRobin said:
If VGV phase - prior to H.Irma, the VGV HOA was taking deeds back. These WERE either been auctioned off, or bought by VSE (SVO) from the VGV HOA. iirc, this has occurred three times over the years.
The WSJ thread has captured these sales.
Click to expand...

Thanks - I am aware but always had the impression these were only cases where there were already serious delinquencies on the account (which I'd like to avoid). Bottom line, I am currently able to cover my MF (and have been) but we don't feel we're getting value any more given how high the fees have gotten and we've not been able to go every year (and while we've used the Staroptions most years, this is a total loss on value for us). I'll reach out to see if they would take the deed back.
 
ocdb8r said:
Thanks - I am aware but always had the impression these were only cases where there were already serious delinquencies on the account (which I'd like to avoid). Bottom line, I am currently able to cover my MF (and have been) but we don't feel we're getting value any more given how high the fees have gotten and we've not been able to go every year (and while we've used the Staroptions most years, this is a total loss on value for us). I'll reach out to see if they would take the deed back.
Click to expand...

As Vistana won’t take this back since this deedback doesn’t apply to WSJ - I would contact Phil Schrag directly if this is a VGV VOI.
 
I have some SVV units I’m looking to deedback. An EOYO 2 Bedroom (Bella) Platinum and possibly the 2 bedroom platinum (KW) lockoff. Do you think these are worth selling or just getting out of them? Both usage begins 2021 since I have SO reserved with the lockoff. I guess I could try eBay. Do you have to buy new interests to deedback?
 
CPNY said:
I have some SVV units I’m looking to deedback. An EOYO 2 Bedroom (Bella) Platinum and possibly the 2 bedroom platinum (KW) lockoff. Do you think these are worth selling or just getting out of them? Both usage begins 2021 since I have SO reserved with the lockoff. I guess I could try eBay. Do you have to buy new interests to deedback?
Click to expand...
You do not have to buy new interests to deedback but it has been reported that they are not accepting EOY units although it certainly wouldn't hurt to ask.
 
CPNY said:
I have some SVV units I’m looking to deedback. An EOYO 2 Bedroom (Bella) Platinum and possibly the 2 bedroom platinum (KW) lockoff. Do you think these are worth selling or just getting out of them? Both usage begins 2021 since I have SO reserved with the lockoff. I guess I could try eBay. Do you have to buy new interests to deedback?
Click to expand...
Bella and key west would definitely have some sales value
 
So, without reading 8 pages of postings, can someone say if they are doing deedbacks for Sheraton Broadway Plantation? Thx!
 
as a recap, if you have a US based vistana ownership (non us based ownerships do not qualify at the current time) that is not currently delinquent, and does not have a loan attached...they should accept it back.

if you are told otherwise when you contact the deedback department (info/link in first post), please email me your account details to tug@tug2.net and I will forward it on to someone who will look into it.

please only forward me the information if you have already contacted the deedback department and been told no (or they arent taking back weeks etc).

*also if you have forwarded me your information and not heard anything back from me, or marriott...please resend it again and i will send a followup email!
 
TUGBrian said:
as a recap, if you have a US based vistana ownership (non us based ownerships do not qualify at the current time) that is not currently delinquent, and does not have a loan attached...they should accept it back.
Click to expand...
Well, they also said they aren't taking back any EOY contracts. They turned me down twice.
 
please reforward me your information, id like to get an official answer on that from my marriott contact.
 
TUGBrian said:
please reforward me your information, id like to get an official answer on that from my marriott contact.
Click to expand...
I'll send it to you again so you can use it for reference. Though it turns out that in my case, I tried to give it away on TUG and Vistana is now taking it by exercising ROFR. Probably because I already paid the 2020 MF.
 
geez...right hand def does not know what the left hand is doing.

hopefully regular reporting of this will get things cleaned up sooner rather than later.
 
PcflEZFlng said:
I'll send it to you again so you can use it for reference. Though it turns out that in my case, I tried to give it away on TUG and Vistana is now taking it by exercising ROFR. Probably because I already paid the 2020 MF.
Click to expand...
What resort are you selling that has ROFR?
 
CPNY said:
I have some SVV units I’m looking to deedback. An EOYO 2 Bedroom (Bella) Platinum and possibly the 2 bedroom platinum (KW) lockoff. Do you think these are worth selling or just getting out of them? Both usage begins 2021 since I have SO reserved with the lockoff. I guess I could try eBay. Do you have to buy new interests to deedback?
Click to expand...
They should be fairly easy to sell. You could probably get $500-$1000 from that EOY 2BR Bella (as long as it is a 2BR dedicated unit). Just list it on the TUG Marketplace for free (if you have an active membership).

The KW LO unit will sell if you are patient enough. Probably could get a couple thousand out of it by listing it as indicated above. Don't give mandatory weeks back to Vistana. That should be criminal.
 
Don't think they want any more back. Brian asked his contact to call me a month ago and they never did. Mine will just go into default.

Sent from my SM-J327W using Tapatalk
 
dioxide45 said:
They should be fairly easy to sell. You could probably get $500-$1000 from that EOY 2BR Bella (as long as it is a 2BR dedicated unit). Just list it on the TUG Marketplace for free (if you have an active membership).

The KW LO unit will sell if you are patient enough. Probably could get a couple thousand out of it by listing it as indicated above. Don't give mandatory weeks back to Vistana. That should be criminal.
Click to expand...
Yeah I was never going to give it back. It’s just Jan and MF season lol. I def do not need all of these any longer. I’d like to keep the two bedroom and the one bedroom, get rid of the lock off and EOYO
 
goaliedave said:
Don't think they want any more back. Brian asked his contact to call me a month ago and they never did. Mine will just go into default.

Sent from my SM-J327W using Tapatalk
Click to expand...


to be clear, my contact at Marriott isnt contacting owners directly...I merely forward the denials from members to him and I assume he gets them to the person who will handle it properly. Given he is a high level executive at Marriott, i dont expect him to be calling anyone directly.

however if you still have not had any response from Marriott after sending me your info, send it again and I will again submit it to him a 2nd time and inquire as to the issue.

I have no problems continuing to forward owner who are rejected to him as he made it very clear he wants to know what is going on and get it sorted out. so please dont think its a bother to me to resend me the info if you are still being told no!

Sadly I only ever hear back from the folks who successfully hear back from Vistana and got the deedbacks done, so if that isnt the case (but again, if its delinquent or still has a loan attached, this does not apply) please send me an email to tug@Tug2.net with the details!

Ive no reason to let this go given the conversation I personally had with my contact at Marriott...so keep giving me the ammo to forward on to him to get this right!
 
TUGBrian said:
Sadly I only ever hear back from the folks who successfully hear back from Vistana and got the deedbacks done, so if that isnt the case (but again, if its delinquent or still has a loan attached, this does not apply) please send me an email to tug@Tug2.net with the details!!
Click to expand...
Wow, I'm surprised you haven't heard from anyone else who was unsuccessful, as I'll bet there have been plenty of others who have tried to deedback and have been refused. As you already know, I was turned down twice. I have no doubt that you forwarded my info to your contact, and I for one appreciate all your efforts. Although my case is now moot because of their taking it by ROFR.
 
I was denied WDW Gold Plus EOYE this summer. I think MVC is grabbing any and all Platnium weeks. Well at a certain price point.
 
have you contacted the department in the first link recently? if they still say no please forward me your info!
 
as others posted, it seems like they're too selective ... can't blame them, it's all about the $$. thx for trying.

Sent from my SM-J327W using Tapatalk
 
correct, only timeshares located in the states qualify for these deedbacks at this time.
 
Does US based include Westin St. John’s usvi?
 
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