pamandpets
TUG Member
- Joined
- Dec 19, 2015
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We bought 105,000 points from Wyndham about 2.5 years ago. Then we found out about after market points and bought 234,000 points from a person who was selling his two deeded weeks in Williamsburg and 84,000 from another person eho had a deeded week in Branson. Thanks to TUG we got estoppel letters, etc. when we bought our points. We have used all of our points with no problem. But tonight we got a very concerning phone call from Wyndham.
At first the Wyndham Rep said we were going to need to turn the points associated with the deeded properties in to Wyndham and then re-purchase the points from Wyndham because our after market points will be very restricted and basically unusable in the future. Then he realized the points associated with the deeded properties were not purchased from Wyndham. He apologized and said he could not "help" us because Wyndham would not buy back those points as they were not bought from Wyndham in the first place. He said, in the future, when we try to book a resort we are likely to be told the resort is unavailable. The resort may not be booked up but the resort will not accept our after market points. He said, "Of course you won't be told that but that will be the reason." He said Wyndham is doing this to crack down on this cottage industry of people buying millions of points on the after market and reselling them for a profit as this competes with Wyndham sales.
Is it legal for Wyndham to do this? We bought our points in good faith and we use them according to the rules set out by Wyndham. Can they just suddenly change the rules and we have no recourse? We will pay maintenance fees on something we cannot use and cannot sell? That does not sound right.
He also said only our Access points had pretty stable maintenance fees but with the points connected to the deeded properties the maintenance fees could escalate and we could get hit with special assessments too. It sounds like they want to screw over the people with after market points two ways. One, by not letting you use the points and two, by jacking up the maintenance fees. And we would be stuck.
What are your thoughts? Do you think this is true? If so, do you think Wyndham owners with after market points could form a class action lawsuit against Wyndham? This just seems wrong that they can do this and owners have no say in it.
At first the Wyndham Rep said we were going to need to turn the points associated with the deeded properties in to Wyndham and then re-purchase the points from Wyndham because our after market points will be very restricted and basically unusable in the future. Then he realized the points associated with the deeded properties were not purchased from Wyndham. He apologized and said he could not "help" us because Wyndham would not buy back those points as they were not bought from Wyndham in the first place. He said, in the future, when we try to book a resort we are likely to be told the resort is unavailable. The resort may not be booked up but the resort will not accept our after market points. He said, "Of course you won't be told that but that will be the reason." He said Wyndham is doing this to crack down on this cottage industry of people buying millions of points on the after market and reselling them for a profit as this competes with Wyndham sales.
Is it legal for Wyndham to do this? We bought our points in good faith and we use them according to the rules set out by Wyndham. Can they just suddenly change the rules and we have no recourse? We will pay maintenance fees on something we cannot use and cannot sell? That does not sound right.
He also said only our Access points had pretty stable maintenance fees but with the points connected to the deeded properties the maintenance fees could escalate and we could get hit with special assessments too. It sounds like they want to screw over the people with after market points two ways. One, by not letting you use the points and two, by jacking up the maintenance fees. And we would be stuck.
What are your thoughts? Do you think this is true? If so, do you think Wyndham owners with after market points could form a class action lawsuit against Wyndham? This just seems wrong that they can do this and owners have no say in it.