posted 04-18-2005 15:21               

When I did my DD I was told their is 19200 for this year (2004/2005 points), we signed the transfer form in Feb. and the Seller signed March 29th. (They had donated this to a company in Jan. 2005) (my contract shows 19200 for this year)

I just found out the day they signed the the transfer contract (March 29th) they also called P.V. and mad a reservation then deposited the weeks into their II account.

Can they do this? if not can they get those points back? The closing company is looking into this and offer to refund the 2005 m/f but I cant roll anymore points into this year. If I rent it will cost around $187 from the resort or $143 from redweek. I tol d them I want my points, it's in the contract that I signed.

What would you do? I already invited my BIL/SIL to go with us.

I got this for a great price and dont want to lose the week but I really wanted those points. what would be the fair way to handle this?

posted 04-18-2005 16:15               

quote:

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Originally posted by rsonc:
...When I did my DD I was told their is 19200 for this year (2004/2005 points), we signed the transfer form in Feb. and the Seller signed March 29th. (They had donated this to a company in Jan. 2005) (my contract shows 19200 for this year)

I just found out the day they signed the the transfer contract (March 29th) they also called P.V. and mad a reservation then deposited the weeks into their II account....

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I'm a little confused. Who made a reservation at the resort? The seller? If your contract says that you have use of the 2005 week, and this used up their 2005 week, then this is a violation of the contract. However, I don't know if you will be able to get II to return the week at this point. I'd say that you are entitled to back out of the deal if they promised you the 2005 week, but it sounds like you'd rather not.

I'm not sure when you want to go to P.V., but a thread on one of the boards here said RCI is offering excellant rental deals there; just a couple hundred dollars a week for many dates. If you are an RCI member, or can become one, you could try getting a nice resort through that route, and ask for your 2005 MF fee back. You might even be able to renegotiate the price of your week, since it wasn't available this year as stated.

posted 04-18-2005 16:23               

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Denise

posted 04-18-2005 16:33               

Sounds kind of like what happened to me a couple months back. I bought a week last spring from Holiday Group. Got a good deal and all went well and I was planning on using the unit myself, week after next. The previous owners had signed a POA to Holiday Group. Evidently they deposited the week with RCI just before I closed on it. I didn't even know till about 2 months ago when I finally got around to adding the week to my RCI account. Came close to showing up to check in, not knowing that it had been deposited and given to another RCI member in exchange. Boy that would have been a mess. Long story short, the resort nor RCI would do anything because it happened before they were notified of my purchase. I was able to use some of my other points to reserve a replacement and am still set for vacation, just not in my own resort. I went back to MOJO at Holiday Group and they made it up to me by putting some points back into my account, as I requested, equal to what the week was worth. I was happy with that. Don't know who you got it from, but maybe they can replace the points so you an reserve something else? Just an idea.

Patty

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It’s these changes in latitudes, changes in attitudes
Nothing remains quite the same
With all of our running and all of our cunning
If we couldn’t laugh we would all go insane - Buffett

posted 04-18-2005 17:08               

The closing company is trying to work with me, I guess the seller told them that the 9600 points was worth more then the $436 m/f and she wont give them back for only $436.00. (I am not sure if she could anyways.) Since both boxes were checked the closing company said they are kind of stuck.

They offer to refund the 2005 m/f or I can cancel my contract which I don't want to do. I guess I am stuck and I might have to rent if we all want to be at the same resort.

If anyone has any other ideas please let me know.

Thanks,
Susan

posted 04-18-2005 18:45               

quote:

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Originally posted by rsonc:
...If it makes a difference I purchased this for $2800 plus closing and the 2005 m/f ($3600 total -- around .37 cents per point if you include all fees) I think this is a great deal compaired to other prices that I have seen.

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posted 04-18-2005 20:42               

Susan

Patty,
That is a good idea, I will see if they can make a reservation for me, if they have any other P.V.

posted 04-18-2005 21:05               

quote:

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Originally posted by rsonc:
It's Paradise Village points. If I divide the purchase price by 9600.00 points it about .375 cents a point.

I think I read the average price is .60 cents to 1.00 per point.

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I think you mean that the cost is 37.5 cents a point, not .375 cents a point. I'm not familiar with this system, so I don't know if that's a good deal or not.

posted 04-18-2005 21:11               

Who are you buying this from? eBay? A broker? The resort? If we know that we may be able to suggest another option.

Patty

posted 04-20-2005 08:31               

I purchased it from GoTimeshare and was required to use resort closing. The transfer I think was complete yesterday. The girl at resort closing is trying to help me and found another member that has some points that are going to expire and gave me her number to see if we can work out a deal on me renting her points. for this year. I should know today or tomorrow if she is interested and how much she wants. (she has to check with her ex)

I guess at that point I will see if resort closing will pay for the reservation and then they can get back at least $436.00 of that from the seller. (if she will pay it)

If I cant get it to work out and the points are too expensive to rent.. what do you think those 9600 points are worth? should I just ask for the M/F of $436.00 back?

Thanks for any advise you can give me. This has never happen before and caught me off gaurd.

posted 04-20-2005 13:50               

I guess my only choice at this point is to either rent from someone or not bring my BIL with us. I dont want to cancel the contract since I am happy with the # of points that I will get each year and I think I got a really good price on it.

I guess my question should be is it wrong to ask the closing company/GoTimeshare to pay for the 5 nights that I need since the contract said I would be have 19200 points for this year and I wont.. If I would have known that the seller was going to keep 9600 points to begin with I wouldn't have invited my BIL or I would have told him he had to pay for his own reservation if he wanted to go. Now I am stuck since I said I would take care of his room since I had extra points that I needed to use.

The seller is fighting with the closing company saying they always wanted to keep their week for this year. They had checked a box when they traded it into WELKS? that said they would keep the 2005 week and pay the m/f but they also checked the box that said they were not going to keep their week.

Actually the 2005 m/f were paid for by me when I purchased the t/s so I guess the closing company will have to go after the seller and try to get back the 2005 m/f.

TIA,
Susan

posted 04-20-2005 14:04               

quote:

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Originally posted by rsonc:
...is it wrong to ask the closing company/GoTimeshare to pay for the 5 nights

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There is nothing wrong with asking, but I wouldn't give you much chance.

posted 04-20-2005 21:30               

I didn't stop the closing because I was afraid that I would lose the t/s I have been checking for awhile and I haven't seen anything close to this price.

I got in touch with gotimeshare today (I guess I should of called them instead of the closing company) They were very helpful and said that they would find a way to get me a 1-bedroom for that week and they would pay for it. I was very happy.

Resort closing was slow and they kept changing agents on my file, I had 4 agents in the 2 months they were working on my file. But I have to admit the last agent Lotus was really nice and very helpful.

I guess in the end it looks like it will all work out.

Thanks again.