Vistana, Westin & Sheraton Deedback program

[taterhed]

Who or What is LT TRANSFERS

Lt Transfers is a VERY well respected company that completes timeshare (resale) transfers with minimum cost and has a great reputation.
I'm not advertising.
I'm not affiliated.

They are very much loved on TUG. Just search and you'll see.
Best and cheapest way to transfer a timeshare (IMO).

https://www.lttransfers.com/services/

The info you were given above is correct; SVV Bella has some (small) value depending on Season, usage (EOY?) and size.

You can sell/give away fairly easy....especially if the SO point value is 81k or 95,7 or above (???)

 

[vacationtime1]

[deleted as duplicative]

 

[CPNY]

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.

I may be interested. I sent you a message

 

[dioxide45]

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.

It looks like you own a 2BR lockoff high season week worth 81,000 StarOptions. This may not be as sought after as the prime season weeks, but as others said, sell it for a few hundred dollars and don't let Vistana get it back to just fold in to the trust.

 

[CPNY]

It looks like you own a 2BR lockoff high season week worth 81,000 StarOptions. This may not be as sought after as the prime season weeks, but as others said, sell it for a few hundred dollars and don't let Vistana get it back to just fold in to the trust.

I’ve been hearing that SVV doesn’t have ROFR? Is this true?

 

[TUGBrian]

if anyone in this thread (or reading it) has a vistana/westin/sheraton timeshare in the US they are looking to dispose of that is paid off, please contact me via PM or at tugadmin@tug2.net

we will see if we can spark some results here!

 

[CPNY]

if anyone in this thread (or reading it) has a vistana/westin/sheraton timeshare in the US they are looking to dispose of that is paid off, please contact me via PM or at tugadmin@tug2.net

we will see if we can spark some results here!

Clearly you know something is coming lol.

 

[dioxide45]

I’ve been hearing that SVV doesn’t have ROFR? Is this true?

Correct, no ROFR at SVV.

 

[CPNY]

A

Correct, no ROFR at SVV.

hh ok when you said “let Vistana get it back” you meant in the deedback?

 

[TUGBrian]

ive been asked to gather contact details of some owners in this situation to provide to marriott...if it will help an owner with an exit solution...im all for trying anything.

 

[Ken555]

ive been asked to gather contact details of some owners in this situation to provide to marriott...if it will help an owner with an exit solution...im all for trying anything.

Where do we place a bet that they’ll try selling them something?


Sent from my iPad using Tapatalk

 

[CPNY]

ive been asked to gather contact details of some owners in this situation to provide to marriott...if it will help an owner with an exit solution...im all for trying anything.

Awesome!! It all seems like they are building that new program? Here I am waiting for the contract on my new purchase lol I may be interested in one of those people looking to get out

 

[TUGBrian]

id certainly be very disappointed with both them, and the person who shared the info with me if that were the case!

although truth be told, if I thought that were even a remote possibility Id certainly not request any TUG member to bother sending me their info.

 

[Ken555]

id certainly be very disappointed with both them, and the person who shared the info with me if that were the case!

although truth be told, if I thought that were even a remote possibility Id certainly not request any TUG member to bother sending me their info.

Brian,

I honestly hope you’re right. However, my experience with these companies leaves very little to trust when it comes to this type of issue. I’m a bit surprised you’ve been as optimistic as you have.

Ken


Sent from my iPad using Tapatalk

 

[TUGBrian]

Who or What is LT TRANSFERS

they are a closing company, however chances are the buyer for your ownership will pick their own to use, and wont be something you need to provide.

 

[TUGBrian]

Brian,

I honestly hope you’re right. However, my experience with these companies leaves very little to trust when it comes to this type of issue. I’m a bit surprised you’ve been as optimistic as you have.

Ken


Sent from my iPad using Tapatalk

The source of the information is someone I trust and have a great relationship with at ARDA directly...otherwise I would have just blown all this off long ago and agreed with most of the initial skeptical comments!

 

[TUGBrian]

ok, more info. I have had one person confirm they were rejected via this program because they were trying to give back a non us based timeshare in the vistana system.

sadly this program is only for US based ownerships at the current time. so if you are looking to give back a US based vistana/sheraton/westin timeshare and are rejected by this program or told it doesnt exist, please contact me!

 

[Linda Wrape Williams]

what does ROFR mean. My timeshare is paid in full original cost and maintenance. 2bed lockoff 81,000 star options bella vistana villages GOLD

 

[CPNY]

ok, more info. I have had one person confirm they were rejected via this program because they were trying to give back a non us based timeshare in the vistana system.

sadly this program is only for US based ownerships at the current time. so if you are looking to give back a US based vistana/sheraton/westin timeshare and are rejected by this program or told it doesnt exist, please contact me!

Happened To me two weeks ago, they are not taking back harborside.

 

[vacationtime1]

what does ROFR mean. My timeshare is paid in full original cost and maintenance. 2bed lockoff 81,000 star options bella vistana villages GOLD

Right of first refusal.

Many timeshares were sold with the developer retaining the right to match the price of any resale of any unit and take back that unit (to resell at a profit, presumably). ROFR is used arbitrarily and is more a nuisance than anything else -- at least from the perspective of the seller.

But Bella apparently does not have this inconvenient feature.

 

[dioxide45]

they are a closing company, however chances are the buyer for your ownership will pick their own to use, and wont be something you need to provide.

If the buyer is a Tugger, chances are they will want to use LT Transfers. In my experience selling a few weeks, the buyers didn't really have any idea on who they wanted to use and let me pick LT Transfers.

 

[CPNY]

So I have a question and maybe it’s been answered or I don’t understand. It’s a general question about inventory. If they take deeded weeks back in certain resorts does that mean there is less availability for owners in VSN to book?

So if MVC is building some sort of program where members in their program whether it be their existing points program or whatever members will be able to cross book (speculation I know). If they are building inventory for cross booking or a new program to combine with whatever unsold inventory they purchased to be used in that program. Is that in a sense dwindling down the sold inventory we bought into?

With them taking weeks and inventory back which once belonged to our pool and they are pouring it into a new trust will we no longer have access if we aren’t part of a new speculation program? My fear is a dwindling pool to swim in, forcing owners to never get availability because they have all the inventory.

Go easy on me, this is less about speculation and more about understanding inventory. TIA.

 

[ocdb8r]

As of right now there's no inventory issue. Deeded weeks taken back are likely (where allowed) going into the various flexOption Trusts which SVN weeks exchanges currently have access to. However, MVC (which bought ILG/Vistana) likely has greater control over the flexOption trusts and could change "access" to them allow the existing Marriott DC points products to exchange into them. That could limit SVN weeks exchange inventory in the long run. There are a couple of threads speculating about what MVCs next move is to create some sort of exchange option between the DC points and SVN properties.

 

[dioxide45]

So I have a question and maybe it’s been answered or I don’t understand. It’s a general question about inventory. If they take deeded weeks back in certain resorts does that mean there is less availability for owners in VSN to book?

So if MVC is building some sort of program where members in their program whether it be their existing points program or whatever members will be able to cross book (speculation I know). If they are building inventory for cross booking or a new program to combine with whatever unsold inventory they purchased to be used in that program. Is that in a sense dwindling down the sold inventory we bought into?

With them taking weeks and inventory back which once belonged to our pool and they are pouring it into a new trust will we no longer have access if we aren’t part of a new speculation program? My fear is a dwindling pool to swim in, forcing owners to never get availability because they have all the inventory.

Go easy on me, this is less about speculation and more about understanding inventory. TIA.

For every week taken back, there is one less week available to book. However, there is also one less owner competing for a reservation.

 

[CPNY]

For every week taken back, there is one less week available to book. However, there is also one less owner competing for a reservation.

So as time goes on wouldn’t more and more people in those deeded weeks give back to buy in? They offered me 22K toward the purchase of a flex plan. Granted it’s technically Monopoly money since these timeshares are so over priced. I can’t help but imagine the amount of people who are willing to give back a good mandatory week because they were sold on flex nonsense.