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Author
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Topic: UDI or deeded points ~what's the difference?
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justamom
TUG MemberPosts: 5
From: Travelers Rest, SC, USA
Registered: Apr 2005
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posted 04-07-2005 16:07
   
Hi All - Please help a newbie who is still learning after more than a year of researching timeshares - lol! I am looking into Fairfield properties. I know that before 1991 Fairfield had a different system - deeded properties & now they have UDI points. I am looking for a timeshare bargain (aren't we all - tehe) that will get me to Mrytle beach off-season maybe two weeks a year. Could I buy a cheaper, say Tennessee or Arkansas property from a resale Fairfield owner and pay the cheaper MF and accomplish what I want? Also, do I need to be careful to only buy UDI points? Please advise. Any information would be much appreciated. I'm taking my time -- and I want to learn more. Thank you ~LorriIP: Logged |
timeos2
Moderator
TUG VolunteerPosts: 1882
From: Rochester, NY : Cypress Pointe & Westgate VV, Orlando Fl;FF Kingsgate Williamsburg, VA(FF Pts);Cove @ Yarmouth, Cape Cod MA;Rayburn CC, TX-RCI Pts
Registered: Dec 2000
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posted 04-07-2005 17:33
UDI is a tough concept to understand. It seems to be another division of the time that is already divided into 51 weeks a year to be a timeshare. Too confusing for me. You can accomplish what you want by purchasing a deeded FF property that is in the Fairshare Plus system. DON'T buy unconverted deeded time as that either can't be converted or is too expensive to convert. Once you find a deeded week in the system (plan on paying from $.03-$.05 per point)with the annual fee level you are comfortable with, you can "spend" those points for the resort you desire. As long as it isn't the prime high demand time that may require the 13 month owners priority you should be fine. All FF owners can reserve at the 10 month mark no matter where you own. I don't understand UDI and do not recommend it. I like having a full week/unit backing my points. ------------------
John Chase
Use Email Icon above for contact address IP: Logged |
skylerlee
TUG MemberPosts: 582
From: Woolwich Township, NJ, USA
Registered: Mar 2002
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posted 04-07-2005 22:05
I can't belive I just type you the WHOLE and COMPLETE answer in a VERY long email and accidentially deleted it.UGH!!! Will try to get time to retype over the weekend. In the meantime, join this group, the very best site for Fairfiel information. http://groups.yahoo.com/group/Fairfield_timeshare/ Ruth
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Ruth IP: Logged |
justamom
TUG MemberPosts: 5
From: Travelers Rest, SC, USA
Registered: Apr 2005
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posted 04-08-2005 08:56
Thanks Ruth - I've done the same thing myself! I'll watch for your update if you get a chance. And thanks for the recommendation on Yahoo - I have already joined. It's a great help. LorriIP: Logged |
tcornel
TUG MemberPosts: 18
From: Hubbard, Ohio US
Registered: Jun 2002
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posted 04-09-2005 19:56
Lori,UDI = undivided interest in real estate. Referred to as tenants in common. Deed is expressed as points (154,000/20,500,000 in units a, b, c, d, etc). True floating week. Any udi owner can reserve any unit at their home resort during the 10 to 13 month ARP period. The catch is that ALL udi owners have that priviledge so call early if you have that type of deed. Converted fixed week owners have exclusive rights to reserve their original fixed week in lieu of the points for that year. No competition for a specific week. Both are deeded. There is no difference starting 10 months before checkin. So if you really have to be at Sea Watch July 4th week you should buy Sea Watch and call 13 months ahead. If you are flexible and want a nonsummer reservation buy the best price and low maintenance fee combination and enjoy! ------------------
Tom IP: Logged |
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