Silverleaf Resort - crazy idea

[jscheibe]

I own red week 52 at silverleaf villages beach club presidential. I started out as biennial and have upgraded a few times along the way in my around 9 yrs of ownership. This has all been done through the developer. I really thought I was investing my future to be able to travel especially when I may not be able to save money. Monthly payments seemed useful. I have used my week and I have done some rci exchanges, but for the must part i have a hard time using my week every year. I still spend money on hotels and vacations every year for places that my time share can't get me that a wedding or CE might be at. I also now found out that I could have bought this resale/ after market for a whole lot less then the $25k I spent.
My questions are:
Can a time share still be useful for me if I convert to hicv which they offered me to do for $13000 or if I buy after market?
If I upgrade they have you sign new contracts so does that give me rescind time again where I can get out of the mess I am in and get my $25k back? Or does it just revert me back to my old contact or is there potentially no rescind time with upgrades?

 

[theo]

My questions are:
Can a time share still be useful for me if I convert to hicv which they offered me to do for $13000 or if I buy after market?
If I upgrade they have you sign new contracts so does that give me rescind time again where I can get out of the mess I am in and get my $25k back? Or does it just revert me back to my old contact or is there potentially no rescind time with upgrades?

1. Rescission of a "new" timeshare purchase has no bearing or impact whatsoever on any previously existing ownership. If you purchase a new timeshare and then rescind, you merely rescind the new purchase; everything else remains "status quo", just as if you had never made the new purchase at all.
I'm sure that you would like a very different answer, but "them's the facts".

2. I don't claim to know anything at all about Silverleaf or HICV, but frankly don't read of many people energetically waving the flag of either one.
Nonetheless, I believe that paying (still more) money to any developer to "enhance" the value of an existing timeshare is unlikely to be a decision you'll be happy with later or from which you'll derive tangible, meaningful improvement in your overall timeshare picture. I'd frankly leave that $13k right in your bank account and either make the best of what you already own or just get rid of it and re-enter the game through the resale market. Just my opinion. YMMV.

 

[Panina]

I own red week 52 at silverleaf villages beach club presidential. I started out as biennial and have upgraded a few times along the way in my around 9 yrs of ownership. This has all been done through the developer. I really thought I was investing my future to be able to travel especially when I may not be able to save money. Monthly payments seemed useful. I have used my week and I have done some rci exchanges, but for the must part i have a hard time using my week every year. I still spend money on hotels and vacations every year for places that my time share can't get me that a wedding or CE might be at. I also now found out that I could have bought this resale/ after market for a whole lot less then the $25k I spent.
My questions are:
Can a time share still be useful for me if I convert to hicv which they offered me to do for $13000 or if I buy after market?
If I upgrade they have you sign new contracts so does that give me rescind time again where I can get out of the mess I am in and get my $25k back? Or does it just revert me back to my old contact or is there potentially no rescind time with upgrades?

I wouldn't put more money into this to convert. $13,000 will give you many great options on the resale market. Either learn to use what you own the best way you can or give it away and get what will work for you.