happyhopian
Guest
- Joined
- Jan 29, 2013
- Messages
- 370
- Reaction score
- 174
- Points
- 203
We agree. I said you were wise, just not all knowing (and I do think you know a lot too) but I believe we ALL learn something every day. I'm sure you learned a few things from the 'suspension'. I am glad you kept all of your VIP statuses after they reviewed your account. Maybe they didn't look back at the deeds maybe they did and gave you a thumbs up. Either way it is good to know that you went through a colonoscopy and they didn't revoke any of that.
Each of us found our own ways to accomplish things. I have a three different ones. Purchased upgrade from other points with a developer purchase during the recession was also one though I haven't heard that being offered lately. Your details make the difference in understanding why that route didn't work for you. In that case it was a tough sell because the seller didn't care about getting a higher value or helping you our and the point managers were paying them for their use. I've done it though. I confirmed with Wyndham it works and then I did it and in fact still have it to this day. Maybe the close that too, though the would have to change Florida law to prevent corporate or entity ownership. An LLC is a wrapper that seals liability. Whether Wyndham amends to allow VIP to a person and not an entity would be a questions but it is currently defined as an owner/purchaser which under florida law (and all states as far as I know) can be many entities and not a person.
Remember when you sell an LLC you sell the entity, not the assets. I own lots of other property besides my times share hobby. When I sell an apartment complex, we don't generally sell the asset we sell the business. The deeds don't change, just the ownership in the company which holds the title to the assets.
Now the problem you experienced is the one I shared. I am not certain you always find others willing to do this. My experience is that by the time most people's assets reach the resale market they are toast and ready to get out. In my case I happened to make a contact with an interested seller who wanted out, at the very time they started thinking about it. I had to hold their hand and nurture them to be comfortable in the transaction. That is not going to happen on an Ebay purchase
Like the Trust solution, I just wanted to share with others some of the options I have learned. No hard feelings, not trying to step on toes. My solution doesn't help everyone and it will irritate some but it is in fact another tool in the shed that someone in the future might need to know about. I suggest that one call Wyndham Title Services on the phone, ask them some questions about ownership transfer and record the call. Call back and do it again. Get comfortable with the answers. I would not suggest you call and be so thick as to ask "how can I transfer an ownership to an unrelated third party and retain VIP status" Your answer will be you cannot but if you ask them if you can add another owner to the account while you remain on the account will that owner receive VIP benefits, you will get the answer you are looking for. In the end you should ask if it is worth the hassle and it is not free. There is money involved and one should pay a lawyer to make certain it is transacted propertly.
