Deedbacks make sense

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Deedbacks redux (by R P.):

ken1193 wrote:
It's certainly not a universal panacea of any sort for delinquent accounts, but there are certain situations and circumstances where deedbacks do indeed make sense --- good sense.

The only way a deedback makes sense is if the resort and time owned is HIGHLY sought after. Otherwise, the unit/week will stay empty with no dues coming in and the former owner is then off the hook. Now why would a HOA or a management team go this route? Answer, most won't, period.

You have to remember that even giving a week away is a liability to the recipient as they are then responsible for maintenance fees and special assessments forever. In the world of timesharing, there is no free lunch.