I just saw what was stated in recent update (posted above). I assume an email will be sent (or like last time... VSE makes acceptable offer to HOA).
Virgin Grand Villas — St. John Condominium Owners Association
Aug. 14, 2017
We are pleased to announce an Owner resale program that will allow Owners like you the ability to purchase Association-owned Vacation Ownership Interest (VOI) weeks at a substantially reduced cost.
The Association now owns 24 VOI weeks as a result of Owners failing to pay their maintenance fees over the years. The Owners have been denied the use of accommodations at the resort and their VOI weeks have either been foreclosed or offered a deed in lieu of foreclosure.
If you are interested in purchasing an Association-owned VOI week, please follow these steps:
- Click here to log in to your Dashboard on vistana.com. Please see the activation date below in RED.
- Select and click "View Statement & Make Payments" in the "Owners Association" widget.
- If you have VOI weeks at other resorts, please select the corresponding week under The Westin St. John Resort Villas from the drop-down menu.
- Click on "Ownership Opportunities," then click on "Resale."
- Click on "Available Vacation Weeks" on the right-hand side of the screen.
- Review/update your information, select a Villa type from the Villa Type drop-down menu, then click "Submit Request."
- Once the sale goes live on Aug. 16, 2017, at noon Eastern time, click on the link below to see the available inventory.
This special resale offer is subject to the following terms:
- This is not a public offering, but a limited-term internal offer to Owners only. The Association website will only be active beginning on Aug. 16, 2017, at noon Eastern time, until Sept. 16, 2017, at 4 p.m. Eastern time.
- VOI weeks are offered online on a first-come, first-served basis between Aug. 16, 2017, at noon Eastern time and Sept. 16, 2017, at 4 p.m. Eastern time.
- Qualified requests to purchase available VOI weeks will be processed in the order received. A purchase contract and related disclosure documents will be mailed to Owners with further instructions. An initial deposit of 50% of the purchase price will be required when returning the executed purchase contract.
- Requests will only be deemed as Qualified Requests if the person submitting the request is an Owner in good standing with no outstanding balances due to the Association.
- VOI weeks offered by the Association will be automatically enrolled in Vistana Signature Network™ (VSN).
- VOI weeks offered by the Association do not count toward Vistana Elite Owner status and may not participate in the Starwood Preferred Guest® program (converting a VOI to Starpoints®), and are not eligible for any other enhanced benefits offered by the Developer.
- The offer is limited to VOI weeks owned by this Association. The Association is not offering to take back any VOI weeks. This is an offer to resell VOI weeks already owned by the Association.
Should you have any questions regarding this information, and for the fastest response time, please email us at
resaleoffer@vistana.com.
Sincerely,
Virgin Grand Villas – St. John Condominium Owners Associations
Board of Directors
