mistybux
TUG Member
Has anyone heard of this program or is it just a scam? They supposedly transfer your unwanted timeshare without any fees being involved.
How did you find out about it?
Who is sponsoring?
What is cost to "give" back?
As far as I know, no postings here about it
Need some details!!
It is someone wanting people to give them their paid in full ownership because they no longer want it. I personally would be picker about obtaining points, but they seemed not so concerned.
Wyndham now offers a buy back program..you have to buy 105,00 more points at current rate w/o financing it thru Wyndham to become a PATHWAYS member. Wyndham will then buy back timeshare you have purchased thru them (not resales) for 20% value..
It is someone wanting people to give them their paid in full ownership because they no longer want it. I personally would be picker about obtaining points, but they seemed not so concerned.
For the last year or so, Ive been taking all the Wyndham Points contracts I can get. Do enough of them and the mf tends to average out at an acceptable level I havent been picky and my mf is just under $5/1000 points. I am getting picky now. and Ill only take big, low mf contracts, but since there seems to be a ready market on ebay, thats what I advise most folks that want out to do.
So my days of taking whatever I can get are over for now, but I understand what the subject company is doing. I dont know them, and cant vouch for their honesty, but its quite possible that everything is on the up and up
Do you have actual CONTRACT wording for this? It appears it is discretionary per following thread.
http://tugbbs.com/forums/showthread.php?t=196161
Can you offer the same program now, Ron? 'Free relief'
except the affiliation/endorsement of Wyndham. I'm with Brian on this - if they are legit why pretend they are someone else?
If it is a Wyndham program to accept deedbacks it MAY be OK. If it's someone contacting you that THEY have a deedback program that works with Wyndham then chances are it is yet another in a long line of scams.
Do you have actual CONTRACT wording for this? It appears it is discretionary per following thread.
http://tugbbs.com/forums/showthread.php?t=196161
I signed up for Pathways by purchasing additional 105,000 points.. I submitted request to turn in one of my contracts, was sent the forms, and have received 20% of the original purchase price within 6 weeks. I can turn in one at a time or all at once but not the one I purchased as Pathways until the last one or only if I turn in all. I will break even on last contract if I turn them all in plus considering I will not have over $400 in maintenance fees to pay each month. This is for contracts bought only thru Wyndham no resales.. Couldn't find anyone to take contracts as resales so it was only way to get rid of them.
We just attended a member update and the Pathways program was being pushed. We managed to get a look at the program details and the program is very ambiguous. The copy stated all contracts must be paid in full, no maintenance fees owed, cannot activate the buy back for 5 years from date of new contract. Wyndham can change the program whenever they want, they do not have to buy back any contract if they do not want to. Nothing is guarenteed for purchaser, only for Wyndham.
The first time we heard about the program was in June 2013 and the 20% buy back by Wyndham was good as soon as the new contract was paid off. In 5 months Wyndham changed the buy back program to having to wait 5 years before persuing the buy back option. We were in Williamsburg, VA for this update.
We feel like it is just another sales gimmick from Wyndham. We were also told that Wyndham owners would not be invited to any more "member updates" as Wyndham was going away with them. This was in North Myrtle Beach Ocean Blvd.