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Re: Wyndham's new "Ovation" program offers exit solutions for their owners... interested? (by Robert B.):
Wyndham Ovations versus Pathway programs. I have taken advantage of the Ovations program for Wyndham contracts I had purchased off sites such as Ebay and other third party sellers. Since I had only paid no more than perhaps $100 for 154,000 or more points I was glad to give it back to Wyndham as I no longer wanted the maintenance fee burden. I asked about the three years of points use and was told that three years was allowed only when all the contracts you hold under your member ID are given back. The catch however is that if any of those contracts were purchased from WVR and the loan is still outstanding than they will not take it back. Now the Pathways program. If you have WVR contracts eligible for Pathwys and the loans have been paid in full Wyndham will take those contracts back and give you 20% of the equity value of the contract. I am not sure of when the Pathways program began (sometime in 2014 I think). It ended at the end of 2016 I think. If you purchased a WVR contract in those years then, if it was eligible for Pathways, you would have a page in the contract papers that says 'Pathway by Club Wyndham' at the top of the page. If you have a Pathway eligible contract then the Pathway equity benefit may apply to older contracts even if there is no Pathway by Club Wyndham page in the contract. Call 866-766-2330 to find out if your contracts include the Pathway option. Any contract that is Pathway eligible has a five year window from the purchase date to payoff the contract loan and exercise Pathway. As far as I know, if you have multiple Pathway eligible contacts, you must surrender all of them to get the 20%. The Wyndham department that handles this can tell you if your contracts are eligible and what your equity value is.