- Joined
- Jun 6, 2005
- Messages
- 32,060
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- 9,110
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- Location
- The Centennial State
- Resorts Owned
- Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge and Shadow Ridge,Grand Chateau; Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms(selling); WKORV-OF ,Westin Desert Willow.
Sue, I am trying to figure out what point you are making. I read it through a few times, but it makes no sense. I think I should say hurrah for a management company that realizes the importance of transfer to a dues-paying member.
YES, we do have the right to deny the transfer of ownership to just anyone. It is our moral and ethical duty to the other owners. It just is. Whose rights are more important?
WE have the right to decide because WE are the owners stuck with weeks. So just because someone is stupid and doesn't have a clue what the heck they are doing, and they pay some scumbag company a large amount of money to take a timeshare, that doesn't mean that person transferred the week legally. We need to approve all transfers. It's becoming more and more important as a huge number of LLC's are being created every year to abandon timeshares.
Besides that, my own ownership at VC is RTU, so there is no deed. The transfer of ownership is signed by our president and our secretary. Our president will call an owner when the management company alerts him about an illegal transfer, and he will ask the owner why they are trying to transfer, and how did they find this person. We are not a cold, hard-hearted entity like Wyndham, Starwood or Marriott. I realize big company mentality is all some people know. We are different.
There are only six units, and we are on top of things. As a conscientious HOA board, we do provide an "out." If an owner pays $2,000 and dues are current, he/she can get out of the ownership. We are actually hoping we can get enough people to give back their weeks, so we can sell one of the townhouses for $500K, which is what they are worth as real estate, and we can consolidate owners into other units with a similar or better fixed rotating week. Then we will put that $500K into our reserves to pay for future roofs, decks and painting projects. It's a great plan. The ownership expires in 2032 anyway.
YES, we do have the right to deny the transfer of ownership to just anyone. It is our moral and ethical duty to the other owners. It just is. Whose rights are more important?
WE have the right to decide because WE are the owners stuck with weeks. So just because someone is stupid and doesn't have a clue what the heck they are doing, and they pay some scumbag company a large amount of money to take a timeshare, that doesn't mean that person transferred the week legally. We need to approve all transfers. It's becoming more and more important as a huge number of LLC's are being created every year to abandon timeshares.
Besides that, my own ownership at VC is RTU, so there is no deed. The transfer of ownership is signed by our president and our secretary. Our president will call an owner when the management company alerts him about an illegal transfer, and he will ask the owner why they are trying to transfer, and how did they find this person. We are not a cold, hard-hearted entity like Wyndham, Starwood or Marriott. I realize big company mentality is all some people know. We are different.
There are only six units, and we are on top of things. As a conscientious HOA board, we do provide an "out." If an owner pays $2,000 and dues are current, he/she can get out of the ownership. We are actually hoping we can get enough people to give back their weeks, so we can sell one of the townhouses for $500K, which is what they are worth as real estate, and we can consolidate owners into other units with a similar or better fixed rotating week. Then we will put that $500K into our reserves to pay for future roofs, decks and painting projects. It's a great plan. The ownership expires in 2032 anyway.