Original Message:
Wyndham's new "Ovation" program offers exit solutions for their owners... interested? (by Michael M.):
Okay, so after reading this, I decided to give Wyndham a call. This was fast and easy...so far. They tell you upfront that this is not a buy back deal, it’s a give back. You relinquish your deed back to Wyndham at no cost to you. You have 2 options, the first option is give it back now, as in while you’re on the phone. They cancel your account and you are basically no longer responsible for any fees, dues, HOA maintenance, etc, etc. Any points you have are gone...Done deal. The second option takes up to 3 months to complete. You loose any points you have and effectively end your contract as of today, as with the first option, however, you continue to pay your mx fees, etc. until the deal is done...around 3 months I’m told. But, with this option you get your Annual Points for 3 years...starting the coming year. There are a few restrictions, but no deal killers. This is the option I took. Now they will send me an email with all the paperwork to fill out and return to them and my timeshare nightmare will be over. I do not know what the eligibility requirements are, however I gotta guess that you wouldn’t qualify if you owe anything on your loan...Although that is only my assumption. Anyway, I hope it is what it is.
kyliec wrote:We have been talking to Wyndham about their new program, Ovation, which was quietly announced to Wyndham owners a few weeks ago. The company isn't offering concrete details, but appears they are ready to customize exit solutions for their owners who no longer use their timeshares.Jeff Weir has written an informative article for us with much more detail on this topic. Read about the initial introduction of the Ovation program here... and the Ovation update nearly a year later here.
IF YOU ARE A WYNDHAM OWNER, interested in what solutions Wyndham will offer to you, take us along for the ride! We would love to follow several owners as they contact Wyndham for a solution to see whether this program is all they are claiming it to be. If you're interested, please post here and Jeff will follow up with you.