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Re: point rental liquidators (by Lance C.):

susanc924 wrote:

It is the "defrauding" of RCI that interests me and the image of a family being turned away because their reservation was faulty. Please explain how RCI is being defrauded with this plan and how this could happen to a family. I have explained that I am very naive about how timeshares work - the only thing I have done is a) go to my home resort or b) deposited it and gone somewhere else. So I do not understand the RCI fraud comment and how a family could have a confirmed reservation and get turned away. Please use "baby words" with me. (grin)

Thanks.

When somebody deposits his unit with RCI (or II), it goes into RCI's "bank". When that person finds a suitable exchange he wants from RCI's bank of weeks, he can acquire use of that week for the exchange fee (about$190).

When somebody acquires a week in exchange, he can not rent it out. If he can't use it, he can pay for a guest certificate to let someone else he knows use it --- but he can't rent it out.

If he tries to rent it out, then when the person who paid the rent shows up at the resort ready to check in, that person will be denied use of that week. The owner will also have all his deposits confiscated and his membership suspended or terminated.

So the big concern that JJ and Don have raised is that it appears that PRL is renting out weeks acquired via exchange. If that is what is essentially happening, then the person who paid the rent will likely be turned away at the checkout. Hence, the concern.