Original Message:
Wyndham's new "Ovation" program offers exit solutions for their owners... interested? (by Lance C.):
michaelm2424 wrote: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.
That is generally correct. You have to be up to date on your maintenance fees and your mortgage has to be paid off.
Also, Wyndham will likely take a unit back only if Wyndham feel that it can easily turn around and sell it again.
Anyway, I am glad for you that you were able to get rid of your unit relatively painlessly and that you did not have to pay big bucks to some entity that claims it can "cancel" your timeshare for you.