Post reply
Original Message:
Further specific clarification... (by KC):
elaines150 wrote:Thank you Ken for alerting us of Wyndham's new policy. I quote this to get rid of the unsolicited phone calls from others, who claim they can sell my timeshare for a price or points. They are quick to end the call.This information wasn't readily available to me from my correspondence with Wyndham. News letters or policies received. So, thank you for this information.
You are entirely welcome. To avoid any potential confusion or misunderstanding on this topic, however, some further specific clarification might be in order here:
A Wyndham owner CAN always (before, now and any time in the future) re-sell their ENTIRE deeded Wyndham OWNERSHIP to someone else. This is true whether the ownership is Wyndham UDI points only, a fixed Wyndham week, or a fixed Wyndham week which was later converted to Fairshare Plus Points (recently "rebranded" to now be called Club Wyndham Plus Points instead).
What a Wyndham owner CANNOT do (as of March 19, 2009) is give (or receive, or rent, or transfer) any Wyndham POINTS ALONE to or from another Wyndham owner (or to anyone else, for that matter), while still retaining the underlying deeded Wyndham ownership.
The point and purpose of this policy change by Wyndham was fairly obvious and was clearly imposed for Wyndham's own financial benefit --- if an existing Wyndham owner needs or wants more points in any given year, the one and ONLY place they can obtain them (after 3/19/09) is to acquire them (at significant cost) DIRECTLY FROM WYNDHAM. Period, amen.
This policy change certainly did NOT (and does not now) prohibit a Wyndham owner from selling (or giving) their entire deeded Wyndham OWNERSHIP to someone else, however. Wyndham charges $125 for acknowledging and noting the ownerhip change in their records (this cost is in addition to any third party closing company costs incurred for new deed preparation and recording between seller and buyer).
The above info might well be understood already, but I thought I'd reinforce and further clarify pertinent details anyhow, in order to help avert any misunderstanding or potential misinterpretation.
Unfortunately, the bottom line for those who parted with their Wyndham points to someone else (while still retaining the underlying deeded Wyndham ownership itself) before March 19, 2009, is that regardless of the particular circumstances, Wyndham is highly unlikely to allow "recovery" or "re-transfer"of points after the 3/19/09 system-wide policy change. Regardless of any consideration of legal action, any and all such points are now likely (and sadly) just plain GONE forever. It seems to me that the only legal recourse for those unfortunate instances of "loss" would be to find and formally charge in court the recipient entities with theft or criminal fraud. Unfortunately, this is certainly far more easily said than done since these types of scammers move around frequently, operate out of mail drop addresses and / or P.O. Boxes, use "relayed" phone numbers, and are tough to identify (or locate, or serve with court papers). Chances are also good that multiple states (and court jurisdictions) are involved, making EVERYTHING more difficult. Sadly, the prospects of success in loss recovery OR prosecution at this point are likely somewhere between slim and none...