Post reply
Original Message:
PCC practices... (by KC):
jayjay states in part: >> Some timeshare weeks are just not marketable at all and can't even be given away. In this case I might possibly pay a postcard company to take the deed (average paying them 4 or 5 years of maintenance fees) as opposed to a lifelong obligation of paying rising maintenance fees and possible special assessments.<< =================================================
I fully understand and can certainly accept your stated reasoning. However, as per the last paragraph of my preceding post above, there is unfortunately aways a hidden, inherent danger when a PCC does not put the deed in THEIR OWN NAME but instead acts based upon a signed PoA (power of attorney) from the owner. Some owners, unfortunately, fail to grasp this critically important difference.
Yes, a PCC has a few years worth of maintenance fees firmly in hand (received "up front" from the desperate owner). And yes, some PCC's might even PAY those fees (...for a year or more) on behalf of the owner while the PCC is (hopefully) trying to part with (i.e., dump) the week somewhere, somehow. The scenario that I find distressing is one I've seen cited too often on TUG (and elsewhere), in which a desperate owner has paid the PCC its larcenous "upfront" fee, but the PCC has subsequently failed to pay the maintenance fees and has also not put the deed in their own name. This leaves some poor soul hounded by the resort for unpaid fees, bereft of a few thousand of their hard earned dollars, yet STILL owning the timeshare albatross which they want so desperately to be rid of. I can think of no worse possible scenario --- and yet it still happens...