PA-
TUG Member
Carolinian said:Unfortunately, I do not have a copy of the Colorado statutes. I thought that information on a typical statute on the subject would be helpful. I guess not!
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Once again you are advocating shutting down timeshares, in this case one that you don't even know anything about. That is not an attitude I would expect on TUG.
At Bodie Island, it is a takeover shark who has convinced some whole owners to support him versus an active Concerned Owners Group of timeshare owners which is vigorously fighting him in court to preserve the timeshare. The HOA BOD, and particularly the wholeowner members have, IMHO, exposed themselves to quite a bit of liability for their actions and inaction in this matter. Fortunately the statutes were written to protect timeshare owners against such sharks by making it very difficult to takeover and crash a timeshare.
Yes, all posts are appreciated, thanks again.
I'm not advocating shutting down timeshares that I don't know anything about. I'm extremely familiar with both timeshares being discussed (Twin Rivers and Sunburst) and have owned multiple units in both of them. As for
Bodie, I'm taking what you said at face value; that it's worth more to an investor as a wholly owned than it is as a timeshare. That is enough, in my book, to make it worth considering, vs. pouring more money into it. How many timeshares are worth more if you sell it than it is as a timeshare? How often does a timeshare owner have a chance to stop the bleeding and actually come out ahead? I don't think that you should totally discount the idea of selling it to a developer or selling as wholly owned, if that is worth more than the individual timeshares. To each his own, though.