Original Message:
1/3 of investment returned? Color me dubious... (by KC):
That is certainly a very interesting claim, but I frankly just don't believe it. In my own 35 years of experience with timeshares, I have never once heard of any developer or HOA anywhere paying out one penny in the course of a "deedback". Many HOA's that accept "deedbacks" actually even require pre-payment of a year or two (or even three years) of maintenance fees before accepting a "deedback". Wyndham doesn't charge any money in "Ovation", but Westgate charges $950 for deedbacks and Diamond charges $250 for deeback processing. No developer pays out money in the course of accepting a deedback.