TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 23 years! Join the tens of thousands of other owners here to get any and all Timeshare questions answered!
  3. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  4. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  5. For any of you worried about seeing the "connection not secure" message in your web browser when visiting TUG, rest assured that TUG is no more or less secure than it always has been! read more details here in this thread
    Dismiss Notice

timeshare foreclosed anyhelp?

Discussion in 'US - Central States Timesharing' started by lyn2twenty, Apr 20, 2017 at 3:10 PM.

  1. lyn2twenty

    lyn2twenty Guest

    Joined:
    Thursday
    Messages:
    11
    Likes Received:
    1
    Trophy Points:
    3
    Resorts Owned:
    Silverleaf
    Hello All
    I called to check on my Silverleaf timeshare delinquent fees and was told that it had been forclosed on. For a total of 1200 dollars, I'm really bummed. They sent me no notice that I recieved and said post office had it there but i did not pick it up. I know I was behind but due to life Could not pay fees. Was going to pay in a few weeks. They told me it went in forclosure April 4 or 17. Can they do that? bought off ebay and have had it about 14 years. Had EE attached. Well looking for another Silverleaf with EE. If deal is right I will take yours. So Sad. Many great memories.
     
  2. lyn2twenty

    lyn2twenty Guest

    Joined:
    Thursday
    Messages:
    11
    Likes Received:
    1
    Trophy Points:
    3
    Resorts Owned:
    Silverleaf
    I think it is strange that customer service says it foreclosed, but 1st rep said I could pay in full now. I told her I could pay partial she said no. Asked to speak to manager she said foreclosed. So I called resort and they said if i checked in with a reservation i could make full payment. They also said dont worry we see people with bigger amounts. They looked up account but did not see foreclosure. Called customer service again they insisted it was foreclosed and I could not pay.
     
  3. TUGBrian

    TUGBrian Administrator

    Joined:
    Mar 24, 2006
    Messages:
    14,725
    Likes Received:
    317
    Trophy Points:
    83
    Location:
    Florida
    im pretty sure silverleaf offers a deedback program that includes a hefty fee to surrender your week back.

    id think that if you are actually willing to pay current your delinquent fees and wish to maintain your ownership, that would be in the best interest for both parties....however it seems like you are going to need to get the right person on the phone to make that happen.
     
  4. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

    Joined:
    May 20, 2006
    Messages:
    22,656
    Likes Received:
    285
    Trophy Points:
    83
    Location:
    Ohio
    Resorts Owned:
    Marriott's Grande Vista
    Marriott's Harbour Lake
    SVV - Bella
    SVV - Key West
    Where is the timeshare located? You should be able to confirm if foreclosure is completed by checking the recorded docs.
     
  5. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

    Joined:
    Feb 10, 2007
    Messages:
    16,492
    Likes Received:
    220
    Trophy Points:
    63
    Location:
    Twin Falls, Eye-Duh-Hoe
    Lyn, how long has it been since you were current? I have a hard time with a foreclosure after just one year. $1200 strikes me as a larger amount that just maintenance. Since you acquired it on eBay (were there TS resales on eBay 14 years ago?) there's no mortgage. I also the have difficulty with 'the Post Office has the notification but you didn't pick it up.' Didn't you have a deliverable address. The Post office doesn't hold undeliverable mail for all that long before it goes back to the sender.

    I feel sympathy for an owner who is involuntarily foreclosed upon, but there are things about your explanation that don't follow normal business and legal notice practices.

    Oh, What's EE?

    Best Wishes. . .

    Jim
     
  6. lyn2twenty

    lyn2twenty Guest

    Joined:
    Thursday
    Messages:
    11
    Likes Received:
    1
    Trophy Points:
    3
    Resorts Owned:
    Silverleaf
    Only owed 1200 in fees. Was paid in off in full when i bought it. Also nothing from post office. Was also told they did not have to notify me at first. Silverleaf resort is the name but bought out by orange lake. Their logo is on my new bill along with Silverleaf. I know they bought us last year i think. Its hard for me to believe with no proof.
     
  7. silentg

    silentg TUG Review Crew: Expert TUG Member

    Joined:
    Jul 17, 2005
    Messages:
    2,209
    Likes Received:
    99
    Trophy Points:
    48
    Location:
    Central Florida
    So do you own at Orange Lake or Silver Lake?
     
  8. lyn2twenty

    lyn2twenty Guest

    Joined:
    Thursday
    Messages:
    11
    Likes Received:
    1
    Trophy Points:
    3
    Resorts Owned:
    Silverleaf
    Now branded Holiday inn vacation club.
     
    TUGBrian likes this.
  9. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

    Joined:
    May 20, 2006
    Messages:
    22,656
    Likes Received:
    285
    Trophy Points:
    83
    Location:
    Ohio
    Resorts Owned:
    Marriott's Grande Vista
    Marriott's Harbour Lake
    SVV - Bella
    SVV - Key West
    You can verify this at the county, see post #4.
     
  10. lyn2twenty

    lyn2twenty Guest

    Joined:
    Thursday
    Messages:
    11
    Likes Received:
    1
    Trophy Points:
    3
    Resorts Owned:
    Silverleaf
    I called the county it was filed in and they gave me a ladys name who was handling it but did not give me her number. The courthouse was very evasive. They also gave me an attorneys office who handles property but the had nothing. I gave them account info and they couldnt find any info

    I will try again to see if it was foreclosed or heading that way. This could be a good thing. I could upgrade at the right time. Patience is a virtue
     
  11. Hophop4

    Hophop4 TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    1,302
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Sugar Land, Texas TugMember since 9/2003
    Resorts Owned:
    HICV/Silverleaf Owners-Holiday Hills, Branson; Seaside, Galveston;
    Landmark Holiday Beach Resort, PCB, FL

    EE is the Endless Escape bonus time program offered by Silverleaf but has not been not included on deeds since 2000. Silverleaf stopped transferring EE on resales several years back. HIVC has taken over all the Silverleaf Resorts and is trying to place new rules. The $1200 sounds like it is a Maintenance Fee due. Find out how you can pay this and keep your week. You will never be able to get a SL week with EE on it. HIVC is trying to get SL owners to convert to their points and take over our SL weeks that we own and make us pay more for what we already have.
     
  12. lyn2twenty

    lyn2twenty Guest

    Joined:
    Thursday
    Messages:
    11
    Likes Received:
    1
    Trophy Points:
    3
    Resorts Owned:
    Silverleaf
    I called again to make full payment and was told i could not. Feeling bitter sweet on this one. Found another with EE but wanted 4000 more than I wanted to pay. They are out there. Looking for a Presidental. Regular bonus would be ok . I owned a cabin
     
  13. chapjim

    chapjim TUG Member

    Joined:
    Jan 10, 2010
    Messages:
    1,036
    Likes Received:
    32
    Trophy Points:
    48
    Location:
    Fairfax County, Virginia
    This isn't any help but that's what foreclosure means. The right of redemption (the right to catch up on payments) has been foreclosed and the lienholder becomes the equitable owner.
     
  14. lyn2twenty

    lyn2twenty Guest

    Joined:
    Thursday
    Messages:
    11
    Likes Received:
    1
    Trophy Points:
    3
    Resorts Owned:
    Silverleaf
    I assumed they had taken it over.
     
  15. bogey21

    bogey21 TUG Member

    Joined:
    Jun 8, 2005
    Messages:
    5,307
    Likes Received:
    55
    Trophy Points:
    48
    Location:
    Fort Worth, Texas
    If you buy another, I think there may be a chance based on your foreclosure that Silverleaf/HIVC may not accept you when you apply to register the new Week with them.

    George
     
  16. Hophop4

    Hophop4 TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    1,302
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Sugar Land, Texas TugMember since 9/2003
    Resorts Owned:
    HICV/Silverleaf Owners-Holiday Hills, Branson; Seaside, Galveston;
    Landmark Holiday Beach Resort, PCB, FL
    Or they might apply their Right for Refusal (or whatever it's called) and not let the deal go though. So sorry this happened to you. SL weeks with EE are hard to come by now.
     
  17. lyn2twenty

    lyn2twenty Guest

    Joined:
    Thursday
    Messages:
    11
    Likes Received:
    1
    Trophy Points:
    3
    Resorts Owned:
    Silverleaf
    I. Appreciate your concerns but this opens up a world of possibilities. Weeks can be bought for as low as 99 dollars. My father owns also so dont count me out guys.
     
  18. Hophop4

    Hophop4 TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    1,302
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Sugar Land, Texas TugMember since 9/2003
    Resorts Owned:
    HICV/Silverleaf Owners-Holiday Hills, Branson; Seaside, Galveston;
    Landmark Holiday Beach Resort, PCB, FL

    I agree SL weeks can be found as low a $1. too but the question is will the EE transfer??? This has been a toss up question for some time now. Maybe now that HICV owns these resorts they may transfer but I don't really know for sure. I don't think anyone knows until the deal goes thru and you see what you end up with. Good Luck and I hope you find something that transfers.
     
  19. TUGBrian

    TUGBrian Administrator

    Joined:
    Mar 24, 2006
    Messages:
    14,725
    Likes Received:
    317
    Trophy Points:
    83
    Location:
    Florida
    another shining example of resort/hoas being completely out of touch with the reality of the existing resale market.
     
  20. lyn2twenty

    lyn2twenty Guest

    Joined:
    Thursday
    Messages:
    11
    Likes Received:
    1
    Trophy Points:
    3
    Resorts Owned:
    Silverleaf
    I have really enjoyed my ownership at the villages but I think I will find some rentals weeks and use those until the right oppurtunity comes.
     
  21. lyn2twenty

    lyn2twenty Guest

    Joined:
    Thursday
    Messages:
    11
    Likes Received:
    1
    Trophy Points:
    3
    Resorts Owned:
    Silverleaf
    They have no idea. Timeshare resales are out there and some owners are ready for a change. I was not trying to go in foreclosure. . Lack of communication was my downfall. I think if they know you want to keep your timeshare they would work with you. Last year was rough and contributed to my lost.
     
  22. tschwa2

    tschwa2 TUG Member

    Joined:
    Dec 19, 2008
    Messages:
    8,186
    Likes Received:
    96
    Trophy Points:
    48
    Location:
    Maryland
    Resorts Owned:
    A few in SC, VA and FL, a single resort in NC, MD, PA, NY, UT, ME, WI, and TN plus Jamaica and the Bahamas
    Were you only past due on 2017 fees or 2018 as well? Do you pay monthly and this was several months- how many without payment?
    It would be really odd for dues to be payable in Dec/January and they have already foreclosed. Things don't move that fast.
     
  23. TUGBrian

    TUGBrian Administrator

    Joined:
    Mar 24, 2006
    Messages:
    14,725
    Likes Received:
    317
    Trophy Points:
    83
    Location:
    Florida
    oh i dont blame them for taking action on a delinquent owner....

    I blame them for having an EXISTING owner whos willing to give them money to restore and maintain his or her ownership right in front of them and refusing to take action to ensure yet another interval is being paid and has a willing/happy/paying owner in it.

    that should be the ultimate goal of any HOA. any rules or regulations put in place that hinder this effort are doing a disservice to all the other owners at the resort.
     
  24. Hophop4

    Hophop4 TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    1,302
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Sugar Land, Texas TugMember since 9/2003
    Resorts Owned:
    HICV/Silverleaf Owners-Holiday Hills, Branson; Seaside, Galveston;
    Landmark Holiday Beach Resort, PCB, FL
    What is going on is that most Silverleaf Owners have either EE or Bonus Time on their contracts. EE for older contacts. Since HICV took over they have been trying to get as many owners to convert to their point system so that HICV can take over their weeks. If a SL owner owns more than one week with bonus they lose the ability to use the bonus on the additional week which makes the bonus useless. For every week they take away from a SL owner that week goes into a different pool and leaves less Bonus Time for SL owners to use. Their goal is to try to convert every SL owner into their points system thus eliminating the Bonus Time. So now they have lyn2's week with EE.
     

Share This Page