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The "secret scheme"..... (by R P.):

warrenf21 wrote:

The proof most companies give and the only real proof any one could give is a copy of the recorded deed that is out of their name.

Why would resorts work with companies that help out those who fall behind in their fees. Simple, they hold a hammer over them and try to collect, but eventually, you have torealise that the debt will be so great, that there is no way anyone is ever going to pay on it. Though they will try and some times work a deal if it benifits them. Once a company comes along and takes one that is in serious debt. The resort knows that it was done in business and the debt is protected, at this point some resorts will secretly take them back, while they wouldn't do it when the original owner owned it, because they thought there was a chance that they could get something. Now, they take them to find new owners where they can collect MF from. Secret, those MF is quite profitable, so it is better to take back the unit to get more MF than to just let one sit where nothing can be collected.

Your business model still doesn't make sense. Why would a resort have you be rewarded with $300 for taking over someone's deed? Sounds to me like a money making machine for you and then you never have the deed recorded in another name (if so, whose name). I don't think reputable resorts work like this.

Who's to say the week could easily be sold by the resort if the original owner had to pay you $300 to take it (in other words give it away to you plus $300). Sorry, I don't buy this scheme.

As I mentioned above, the resort could easily take deedbacks without you involved.