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Original Message:
Re: point rental liquidators (by Susan C.):
Lance, Thank you for the explanation - so the week that someone gets through VSI would be in jeopardy if it had been deposited in RCI's bank to begin with? (I am saying VSI because that is the exchange agency that PRL works with, I think.)
This begs the question of what the situation is when the week is NOT deposited with RCI. As Jay Jay points out, there are other exchange companies out there. I know that at our Quarter House resort, we can have the resort rent it for us and RCI is not involved. (Our Quarter House is with II - I need to check if our Hilton Head timeshare could be with II as well or vice versa, QH with RCI - it occurs that I am paying two exchange companies when maybe I don't have to.) So, back to the question: what if the week is not in RCI's bank or II's bank? Of course that was not brought up during the SHR/PRL/VSI presentation we attended but is it possible that they have some (legitimate) one-time arrangement with RCI to "take over" the deposited weeks and, from then on, the weeks are deposited directly with PRL? Please understand - i am NOT "defending" BJ or PRL - I am trying to understand.
The idea that RCi rents out "timeshare" exchanges to the public which removes it from the exchanges available to me as a timeshare owner is new to me and seems to be pretty well accepted as fact on this forum. While someone apparently justified that as a business practice, it seems wrong. Or is that what the lawsuit was about? And what remedy does the lawsuit provide for owners? Same old? Same old? That seemed to be the "door" that SHR/PRL/VSI walked through in our presentation - that "since the lawsuit", one could now choose THIS option and THIS option had all these "benefits" (like getting actual money for the rentals) and all you had to do to get the benefits was buy this lousy property at SHR. NOT defending, Jay Jay - asking.