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Why no "deed-backs?"

alexanderwang

newbie
Joined
Jan 3, 2018
Messages
14
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Resorts Owned
Orange Lake
Ok that's good to know, but we're good now. Like I said we tried through many channels back in 08 to give the deed back and it just wouldn't happen. This was after doing the very same thing(deed back) over at Vistana, so we knew the terminology and the basic method to accomplish it. They just wouldn't do it. We were given an answer similar to this below.



So you’re telling me orange lake won’t take your property back?

if you are saying this then you must not be paid off. if you are paid off and they said they won’t take it back then you were speaking to the incorrect department.

what you need to do it just call the club, request to speak with capital management & request a warranty deed through Mr. don .. they will know who u are talking about
 

Zinjanthropus

TUG Member
Joined
Dec 15, 2017
Messages
129
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83
Location
Detroit Mi.
Resorts Owned
Vidanta Myan Palace, Orange lake Country Club
So you’re telling me orange lake won’t take your property back?

if you are saying this then you must not be paid off. if you are paid off and they said they won’t take it back then you were speaking to the incorrect department.

what you need to do it just call the club, request to speak with capital management & request a warranty deed through Mr. don .. they will know who u are talking about
That was in 08. and we spoke with several people in capital management, and in a couple of other depts. Can't remember, it was 9 years ago. It was paid off and MF was paid...But it didn't happen and we're glad it didn't.
 

TUGBrian

Administrator
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Mar 24, 2006
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Location
Florida
Every resort will take back a valuable week in most cases....

far less will take back worthless (or less than worthles) ones...and those that do usually charge a hefty fee for it.

Every situation is different, and what may work today might not work tomorrow (and vice versa)...however it rarely costs anything to try!
 

silentg

TUG Review Crew: Expert
TUG Member
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Jul 17, 2005
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6,290
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Location
Central Florida
Resorts Owned
Fitzpatrick's Castle Holiday Homes,
Enchanted Isle.
This is good to know. We have a week at Orange Lake that we use for IHG and HIVC. Never trade this thru RCI. Better value with hotel group. And we live close enough for day use, golf, water park, restaurants. As we get older it’s an option to deed back if we want.
Thanks!
Silentg
 

TUGBrian

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Thanks Alexander for the info. I was able to deed back my timeshare to HIVC. The process was simple.

could you post up here the number you called and or who you spoke to so that others can take advantage of this? tons of HICV owners that would like to know more!
 

DianeNYS

TUG Member
Joined
Feb 17, 2006
Messages
47
Reaction score
13
Location
Upstate New York
Resorts Owned
Grande Villas; Polynesian Isles; Coral Sands (Westgate South Beach); Casa Del Mar
We've owned a deeded West Village 2 BR Villa since 1990 (it was being built on the day we purchased it from the developer), and this year when we took our February annual vacation there in the Unit we own, we went to the Capital Management Office right on property in the Administrative building. The person there gave me the number to call "For Deeding Inquiries" when I told her what we wanted to do, and when I called that number, they re-routed me back to Capital Management (by phone). There, I was told that we could NOT do the deedback paperwork in person, but HAD to initiate it by phone. They needed to start a "Review Process" that, once completed, if all our fees were paid in full (mortgage was paid off 28 years ago!), a deedback packet would be sent to our residence and the warranty deed paperwork that let us sign over our Week/Unit back to them would have to be signed and notarized and mailed back to them within 5 days of us receiving the packet in the mail.

Since that week at OLCC was just the first week of a 6 week vacation in FL (we have 4 other TS in FL), we could not initiate the process till we arrived home, and we did that on March 30th of this year. I made the call after we got back home, the packet came within a week or so, we did the filling out (no fees at ALL) and got the paperwork notarized and sent back by the next day. Sent it Priority Mail to get the tracking # and it was received by them within 3 days. The deedback paperwork was reviewed by them within another week or so and sent to the proper Deeding Office in FL. I called them in early May to find out how things were going, and found out the paperwork was going through and I would get something in the mail from that office. I haven't gotten that yet, but a call to OLCC Deeding Office last week assured me that their records show that we don't own the property any more, and that the governmental paperwork confirming that info just took time to make it back to us.

I have never been a member of the Holiday Inn Club, so maybe that made the process relatively easy, and everyone involved have ALL been VERY respectful and helpful, never even questioning the reason we wanted to deedback our Unit. I have to thank TUG and all of its threads about selling/deeding back TS weeks. After pouring over the number of like units at OLCC in the for sale ads here (we owned Week 6/Unit 3117), I realized that the likelihood of selling it for more than $500 was very small, and the more-than-likelihood of having to give it away for free while having to deal with the closing preparation and costs was large, and confusing.

This no-cost deedback was the best, easiest, most painless option for us to take advantage of, and I thank this site for giving me the language to use to make it happen (I was direct about wanting a "deedback" in person and on the phone with everyone I spoke to, and no one tried to talk us out of it ever). The phone number to start this process for us at Capital Management was: 1-800-298-3706, Option Zero (the office is in OLCC, Kissimmee, FL). The phone number for OLCC (Kissimmee, FL) "deeding inquiries" is: 1-407-239-5170. (Some of the phone options have since changed, so Option Zero isn't there anymore.)

It took awhile, and we were annoyed that we couldn't do it in person during our 6-week vacation in the Kissimmee area (for some reason the deedback paperwork HAD to be mailed to our home address, despite our available IDs, the ownership and deeding paperwork from 1990 that I'd brought along with us, etc.). BUT--it was easy and it's over now, and we are happy to be free of the MFs and a fixed week that doesn't suit our vacation preferences anymore :)

I called Orange Lake Deeding today (1-407-239-5170) and was told that our deedback was totally processed and closed on May 7, 2018 (!!!!), and that they could send me a close-out letter if I would like (which I told them I WOULD). So: I made the initial call (to OLCC Capital Management @ 1-407-477-7101 or 1-800-298-3706) to start the process on 3/30/18 and the process apparently ended with success on 5/7/18 :)

I don't know why they didn't just send me the close-out letter on the 7th of May on their own, but the whole process was easy and pleasant, and once I talked to the offices everyone has been friendly and helpful. I have spoken with Annette and then Wendy, with the Deeding Office at OLCC (can't remember the names from Capital Management).
 
Last edited:

TUGBrian

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Very happy to hear that yet another large developer is offering an official solution for owners who simply want out!
 

Sherry78

newbie
Joined
Jun 19, 2018
Messages
7
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We've owned a deeded West Village 2 BR Villa since 1990 (it was being built on the day we purchased it from the developer), and this year when we took our February annual vacation there in the Unit we own, we went to the Capital Management Office right on property in the Administrative building. The person there gave me the number to call "For Deeding Inquiries" when I told her what we wanted to do, and when I called that number, they re-routed me back to Capital Management (by phone). There, I was told that we could NOT do the deedback paperwork in person, but HAD to initiate it by phone. They needed to start a "Review Process" that, once completed, if all our fees were paid in full (mortgage was paid off 28 years ago!), a deedback packet would be sent to our residence and the warranty deed paperwork that let us sign over our Week/Unit back to them would have to be signed and notarized and mailed back to them within 5 days of us receiving the packet in the mail.

Since that week at OLCC was just the first week of a 6 week vacation in FL (we have 4 other TS in FL), we could not initiate the process till we arrived home, and we did that on March 30th of this year. I made the call after we got back home, the packet came within a week or so, we did the filling out (no fees at ALL) and got the paperwork notarized and sent back by the next day. Sent it Priority Mail to get the tracking # and it was received by them within 3 days. The deedback paperwork was reviewed by them within another week or so and sent to the proper Deeding Office in FL. I called them in early May to find out how things were going, and found out the paperwork was going through and I would get something in the mail from that office. I haven't gotten that yet, but a call to OLCC Deeding Office last week assured me that their records show that we don't own the property any more, and that the governmental paperwork confirming that info just took time to make it back to us.

I have never been a member of the Holiday Inn Club, so maybe that made the process relatively easy, and everyone involved have ALL been VERY respectful and helpful, never even questioning the reason we wanted to deedback our Unit. I have to thank TUG and all of its threads about selling/deeding back TS weeks. After pouring over the number of like units at OLCC in the for sale ads here (we owned Week 6/Unit 3117), I realized that the likelihood of selling it for more than $500 was very small, and the more-than-likelihood of having to give it away for free while having to deal with the closing preparation and costs was large, and confusing.

This no-cost deedback was the best, easiest, most painless option for us to take advantage of, and I thank this site for giving me the language to use to make it happen (I was direct about wanting a "deedback" in person and on the phone with everyone I spoke to, and no one tried to talk us out of it ever). The phone number to start this process for us at Capital Management was: 1-800-298-3706, Option Zero (the office is in OLCC, Kissimmee, FL). The phone number for OLCC (Kissimmee, FL) "deeding inquiries" is: 1-407-239-5170. (Some of the phone options have since changed, so Option Zero isn't there anymore.)

It took awhile, and we were annoyed that we couldn't do it in person during our 6-week vacation in the Kissimmee area (for some reason the deedback paperwork HAD to be mailed to our home address, despite our available IDs, the ownership and deeding paperwork from 1990 that I'd brought along with us, etc.). BUT--it was easy and it's over now, and we are happy to be free of the MFs and a fixed week that doesn't suit our vacation preferences anymore :)

I called Orange Lake Deeding today (1-407-239-5170) and was told that our deedback was totally processed and closed on May 7, 2018 (!!!!), and that they could send me a close-out letter if I would like (which I told them I WOULD). So: I made the initial call (to OLCC Capital Management @ 1-407-477-7101 or 1-800-298-3706) to start the process on 3/30/18 and the process apparently ended with success on 5/7/18 :)

I don't know why they didn't just send me the close-out letter on the 7th of May on their own, but the whole process was easy and pleasant, and once I talked to the offices everyone has been friendly and helpful. I have spoken with Annette and then Wendy, with the Deeding Office at OLCC (can't remember the names from Capital Management).


Have you received your close-out letter yet? I am sitting on a deed back right now because I'm afraid of "required fees" that are not mentioned in the paperwork.
 

Sherry78

newbie
Joined
Jun 19, 2018
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7
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Have you received your close-out letter yet? I am sitting on a deed back right now because I'm afraid of "required fees" that are not mentioned in the paperwork.

UPDATE!!!! We took the plunge, so I signed and mailed in the paperwork on August 10th, called to check on it September 12th. The lady I spoke to was very nice and told me they packet had been sent to the county records office to call back in about 3 to 4 weeks. She said I would not receive any notification of the transfer and ask if I kept a copy of the paperwork. She said that was my proof of transfer. So today I looked up the Orange County, Florida Comptroller's office and did a deed search. I just put in the date range of 8/10/18 to today and my husbands last and first name in the Grantor field. Sure enough, the search populated a deed recorded on September 28th transferring the property to Orange Lake Country Club Inc. I printed a copy for my records. The whole process was simple and we paid nothing to transfer. Of course, we lost a lot overall but to be out from under the maintenance fees is such a relief.
 

Momonvacation

newbie
Joined
Dec 20, 2018
Messages
22
Reaction score
1
Resorts Owned
Holiday inn vacation club
UPDATE!!!! We took the plunge, so I signed and mailed in the paperwork on August 10th, called to check on it September 12th. The lady I spoke to was very nice and told me they packet had been sent to the county records office to call back in about 3 to 4 weeks. She said I would not receive any notification of the transfer and ask if I kept a copy of the paperwork. She said that was my proof of transfer. So today I looked up the Orange County, Florida Comptroller's office and did a deed search. I just put in the date range of 8/10/18 to today and my husbands last and first name in the Grantor field. Sure enough, the search populated a deed recorded on September 28th transferring the property to Orange Lake Country Club Inc. I printed a copy for my records. The whole process was simple and we paid nothing to transfer. Of course, we lost a lot overall but to be out from under the maintenance fees is such a relief.
So do they buy it back? Or just take it back and you are out what ever you purchased it for?
 

DeniseM

Moderator
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Jun 6, 2005
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Northern, CA
Resorts Owned
WKORV, WKV, SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim) NEW: 2 Lawa'i Beach Resort!
Momonvcation - The poster that you are responding to hasn't been here since October 9th, so they probably won't respond.

But, generally, with a deed back, you give the timeshare management company the deed, and get nothing in return. The objective it to get out from under the maintenance fee and/or payments.

Unfortunately, the vast majority of timeshares have no resale value, so they don't buy them back.

If you own a high season week at a Westin, Marriott, Hyatt, or Hilton resort, it may have some resale value, but most don't.
 
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