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Author Topic:   AARRGGHH unit sold out from under me...
eudell

TUG Member

Posts: 731
From: los angeles, CA USA own: SoCal Beach, Big Bear, Palm Springs
Registered: Jan 2003

posted 05-14-2005 11:43     Click Here to See the Profile for eudell   Click Here to Email eudell     Edit/Delete Message   Reply w/Quote Post A Reply
I'm basically just venting until I find out Monday what's happening.

I owned a unit at a resort and then purchased another unit at the same resort. The second unit I purchased had a flaw with the deed. (I wrote about this last summer because I was having problems with Resort Closings, Inc.) I signed the deed back to resort closings and STUPIDLY I think I did not keep all the paperwork because I had received my money back and figured that since the money was returned and I didn't own the unit, it didn't make sense to store more papers. **###*_*(*##@@ARGH!

Today I phoned the resort to make an extra reservation outside of my use week. I was told they didn't have me on record as an owner. When they looked up my week, they said it had been sold to MROP. EEEEEEEKKKK! Either my timeshare company or resort closings somehow transferred MY week, rather than the week I had purchased and returned, to MROP. Or there is just some major mix-up going on. I have to phone Monday to find out why my unit is now listed as MROP.

What a mess.

Has anyone ever had their owned week mysteriously get sold??

Thanks for any ideas. I'll write again Monday after talking with my timeshare management company.

Edye

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SBK

TUG Member

Posts: 65
From: Alexandria, VA, Windrifter, Wolfeboro, NH & Coconut Malorie, Ocean City, MD
Registered: Jul 2004

posted 05-14-2005 13:48     Click Here to See the Profile for SBK   Click Here to Email SBK     Edit/Delete Message   Reply w/Quote Post A Reply
What is MROP?

thanks

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Susan

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eudell

TUG Member

Posts: 731
From: los angeles, CA USA own: SoCal Beach, Big Bear, Palm Springs
Registered: Jan 2003

posted 05-14-2005 15:02     Click Here to See the Profile for eudell   Click Here to Email eudell     Edit/Delete Message   Reply w/Quote Post A Reply
I think it stands for Multiple Resort Ownership Plan.

Edye

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CharlesS

TUG Member

Posts: 134
From: Platteville, WI, USA Bluegreen Points Gold Member, Cypress Pointe I, Fox Hills
Registered: Apr 2001

posted 05-16-2005 11:35     Click Here to See the Profile for CharlesS     Edit/Delete Message   Reply w/Quote Post A Reply
The advantage of a Deed is that it should be recorded with the county. Contact them for a copy to see what is on the deed you signed. If you signed over the wrong unit, OUCH. If you signed over the unit you thought you signed over, you still own your original week.

Charles

quote:
Originally posted by eudell:
I signed the deed back to resort closings ... Either my timeshare company or resort closings somehow transferred MY week, rather than the week I had purchased and returned, to MROP. Or there is just some major mix-up going on.

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CharlesS

TUG Member

Posts: 134
From: Platteville, WI, USA Bluegreen Points Gold Member, Cypress Pointe I, Fox Hills
Registered: Apr 2001

posted 05-18-2005 10:45     Click Here to See the Profile for CharlesS     Edit/Delete Message   Reply w/Quote Post A Reply
quote:
Originally posted by eudell:
I'm basically just venting until I find out Monday what's happening.
I'll write again Monday after talking with my timeshare management company.


It's now Wednesday, what did you learn?

Charles

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rsonc

TUG Member

Posts: 335
From: OR,
Registered: Jun 2003

posted 05-23-2005 10:32     Click Here to See the Profile for rsonc   Click Here to Email rsonc     Edit/Delete Message   Reply w/Quote Post A Reply
eudell,

I have been having some problems with Resort closing too they transfered one of the units I purchased into gotimeshares name and now the resort wont allow it to be transfered again, they had to refund my money (hopefully I will get it back soon).

Were you able to fix your problem?

Susan


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BocaBum99

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Posts: 1599
From:
Registered: Jul 2004

posted 05-23-2005 14:09     Click Here to See the Profile for BocaBum99   Click Here to Email BocaBum99     Edit/Delete Message   Reply w/Quote Post A Reply
And Resort Closing charges a ton of money for those closings. If an eBay auction uses them, I don't bid no matter how good a deal it looks. I think the last deal I saw had a $425 closing fee, a $125 resort tranfer fee and a $60 recording fee.

I think that closings should be $300 or less including resort transfer fees. After all, what does it take? 1) privacy release letter, 2) A one-page estoppel letter, 3) a draft deed to record which is copied anyway, 4) a recording fee to the county/state, 5) a letter to the resort and 6) an escrow account which is basically a checkbook and 7) a title search to see if there is an outstanding mortgage. Title insurance would be extra. But, you can get that anywhere.

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calihockey33

TUG Member

Posts: 2036
From: So California, USA
Registered: Sep 2003

posted 05-23-2005 15:03     Click Here to See the Profile for calihockey33   Click Here to Email calihockey33     Edit/Delete Message   Reply w/Quote Post A Reply
It's really a rip off when they close on Grand Pacific Resorts.

Grand Pacific has two resort transfer options.
$150 for a straight transfer
$300 for Grand Pacific to basically do a ownership and title search.

Resort closings charges $425, which is supposed to include the "search" , but when closing on a Grand Pacific week, they charge $425, plus $300 and it's not negotiable.

I can call Grand Pacific and get the info myself. I could use Timeshare transfer for a total of $250.00 + $150 resort transfer , compared to $425 + $300.. That's where the reseller that owns both companies makes all their money off the donated timeshares they get.

After saying all that, they did close my timeshare timely and also helped me get back a banked week that was promised.

I figure in all the extra costs when bidding on ebay

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nthc

TUG Member

Posts: 1115
From: VA
Registered: Aug 2002

posted 05-23-2005 15:22     Click Here to See the Profile for nthc   Click Here to Email nthc     Edit/Delete Message   Reply w/Quote Post A Reply
WOW, You don't know how many people would love to be in your situation right now!

Cindy

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Hatrack79

TUG Member

Posts: 1945
From: Denver, CO
Registered: Oct 2001

posted 05-23-2005 15:59     Click Here to See the Profile for Hatrack79   Click Here to Email Hatrack79     Edit/Delete Message   Reply w/Quote Post A Reply
quote:
Originally posted by eudell:
When they looked up my week, they said it had been sold to MROP.

I don't know how this relates, but as a MROP owner, I saw a while back that ORE took over the management of a troubled resort and rather than keep the original deeded weeks in place, they offered to give each TS owner a week in MROP floating program in exchange for their deed. (I believe there was a cash-out option too).

Don't know if that happened at your resort?

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eudell

TUG Member

Posts: 731
From: los angeles, CA USA own: SoCal Beach, Big Bear, Palm Springs
Registered: Jan 2003

posted 05-24-2005 21:51     Click Here to See the Profile for eudell   Click Here to Email eudell     Edit/Delete Message   Reply w/Quote Post A Reply
It took a week for VRI to get back to me. And then they said I would have to call Resort Closings to figure it all out. They were no help. I just finally got a better understanding of the whole fiasco today.

It turns out that when I was trying to purchase the second unit, VRI (the management company for my resort) never recorded the new unit in my name. So when the unit was sold to MROP, VRI told Resort Closings that the APN (Assessor's Processing Number) was incorrect and VRI actually gave them the APN for my original unit. So Resort Closings changed the APN on the deed for the second unit to the APN for the deed from my first unit. Resort Closings has assured me that this will all be cleared up.

I am really shocked by the whole thing. It's amazing that VRI could just give them the APN for my original unit. And then they told me that since I had signed a deed I had no recourse. It wasn't until I spoke with Resort Closings that the whole thing started to make any sense. But they have been very helpful with trying to straighten out this whole thing. I'm just hoping it all does get straightened out.

I'll update when I hear back from Resort Closings

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eudell

TUG Member

Posts: 731
From: los angeles, CA USA own: SoCal Beach, Big Bear, Palm Springs
Registered: Jan 2003

posted 05-27-2005 05:05     Click Here to See the Profile for eudell   Click Here to Email eudell     Edit/Delete Message   Reply w/Quote Post A Reply
Update:

Now VRI is saying they cannot transfer my unit back to me until Resort Closings files a corrective deed. This will likely take more than a month to get recorded, so I'll probably not be able to make a reservation for July 4 week, 2006.

Does anyone know if I have any recourse? I should be able to still reserve a week for my unit because I never signed papers selling my original unit. The deed I signed clearly shows the unit number for the second unit I attempted to purchase, with the APN for that unit on it.


I've considered contacting the County, to say that VRI management has shown negligence in this transaction by giving the APN for my first unit to Resort Closings to file a corrective deed on the second unit.

Any ideas on how to try to fix this? It seems to me that the recorded deed should be considered defective because the unit number on the deed and APN do not match on the corrective deed. I mentioned this to VRI, and they said that they go by APN and not unit number. Then I asked them how it is that they could just give Resort Closings the APN for my original unit if that is the case! (Particulary since the original deed transferring the unit from me to MROP had the APN for the actual unit that was supposed to be transferred and a description of the unit number on the deed.)

ARGH!

Thanks for any advice.

Edye

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[This message has been edited by eudell (edited 05-27-2005).]

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eudell

TUG Member

Posts: 731
From: los angeles, CA USA own: SoCal Beach, Big Bear, Palm Springs
Registered: Jan 2003

posted 06-01-2005 21:17     Click Here to See the Profile for eudell   Click Here to Email eudell     Edit/Delete Message   Reply w/Quote Post A Reply
Just got the corrective deed to sign. Hopefully this won't take too long!

Edye

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eudell

TUG Member

Posts: 731
From: los angeles, CA USA own: SoCal Beach, Big Bear, Palm Springs
Registered: Jan 2003

posted 06-03-2005 17:22     Click Here to See the Profile for eudell   Click Here to Email eudell     Edit/Delete Message   Reply w/Quote Post A Reply
And VRI finally said I will be allowed to make a reservation for next year. What craziness! I'm just thankful that I happened to phone to get an extra reservation for this summer using owner discount rates! I wouldn't have known about this at all.

Edye

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rsonc

TUG Member

Posts: 335
From: OR,
Registered: Jun 2003

posted 06-03-2005 18:06     Click Here to See the Profile for rsonc   Click Here to Email rsonc     Edit/Delete Message   Reply w/Quote Post A Reply
I am happy you were able to get it taken care of.

Enjoy!
Susan

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