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Anyone used Timeshare Resale Vacations?

Theiggy

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Marriott Frenchman’s Cove
Has anyone used them? I’m looking to buy a Marriott week through them. These are the names associated-
Timeshare Resale Vacations
Time share closing LLC
Resale closings LLC
Website: buyresales.com
Location: Pen Argyl, PA



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Theiggy

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Marriott Frenchman’s Cove

jksung5295

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Any other recent interactions with them? This is the only real review I was able to find of them....
 

Theiggy

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Marriott Frenchman’s Cove
Any other recent interactions with them? This is the only real review I was able to find of them....

I never did buy the week so I have no review to offer. Maybe someone else will chime in.


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ontilt

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Resorts Owned
HGVC Bay Club
HGVC Valdoro x2
Worldmark
I was just working with them on an eBay auction and ended up not moving forward. Attached below is the contract that they sent me along with a separate invoice. What bothered me about the way this was set up was the following:

1) They wanted payment to them and told me it would go into an escrow account. My thinking is if it was going to go into escrow, why wouldn't I just make the check out to the escrow company? They wouldn't take a credit card for the deposit, or paypal and just wanted the check or money order.

2) The contract didn't contain any information about the amount of money, the auction on eBay or specifics around the property other than the resort company and points. So, based on the language, there was no way to connect how much I sent them a check for, what the estimated maintenance fees were and what the related purchase auction was. It seemed to me (I may be thinking about this incorrectly) that it was almost a triangle of information, a contract without specific information related to a payment to the broker instead of the escrow company without any specific reference to details of the auction.

3) Compared to other agreements I signed, it was missing all the information that those contained

4) The termination rights were exclusively around buyer default vs anything that the seller did.

Would love to get any thoughts on if I'm not thinking about this right, but my sense was that it should be a lot more clear cut in terms of what's being purchased and how the transfer would proceed vs. a "loose" linking of this information.
 

Attachments

  • Buyers Term Sheet-Week.pdf
    571.3 KB · Views: 56

andysnovel

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Clayton, NC
Resorts Owned
Sheraton Flex, Vistana Bella Section, BlueGreen Charleston,SC
I was just working with them on an eBay auction and ended up not moving forward. Attached below is the contract that they sent me along with a separate invoice. What bothered me about the way this was set up was the following:

1) They wanted payment to them and told me it would go into an escrow account. My thinking is if it was going to go into escrow, why wouldn't I just make the check out to the escrow company? They wouldn't take a credit card for the deposit, or paypal and just wanted the check or money order.

2) The contract didn't contain any information about the amount of money, the auction on eBay or specifics around the property other than the resort company and points. So, based on the language, there was no way to connect how much I sent them a check for, what the estimated maintenance fees were and what the related purchase auction was. It seemed to me (I may be thinking about this incorrectly) that it was almost a triangle of information, a contract without specific information related to a payment to the broker instead of the escrow company without any specific reference to details of the auction.

3) Compared to other agreements I signed, it was missing all the information that those contained

4) The termination rights were exclusively around buyer default vs anything that the seller did.

Would love to get any thoughts on if I'm not thinking about this right, but my sense was that it should be a lot more clear cut in terms of what's being purchased and how the transfer would proceed vs. a "loose" linking of this information.
I would never buy under those circumstances, escrow company not affiliated with seller, arms length transaction is a must. Seller should never touch the money until transfer is complete. Run away from this ASAP.
 

brp

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I'm looking at a possible deal with them now. They sent the estoppel quickly upon request, and said tat they would take a credit card when I offered 3% for that. My feeling is that this gives me reasonable protection should events go south. Also, and not sure how much this really means, but their eBay rating is quite good. Not sure how easy it might be to spoof that, but seems unlikely.

Cheers.
 

brp

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OK, coming back to this as things have settled. I found them to be quick, efficient and responsive. There are some delays in the process, but this was all about the sellers being tardy in getting their notarized docs returned. When Timeshare Resales Vacations had the ball in their court, they were quick. The points are in the account now (some seem to be lost, but this is an HGVC thing and they are looking into it).

I would use these guys again. Especially in a great deal where seller pays all the closing fees :)

Cheers.
 
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