I just took the time to go over the letter and on page 2 there is a key statement that confirms that we are walking away or at least not paying the special assessment. We are lucky that we have an every other year unit so don't have any AMF's paid for this year so we will ride out what ends up happening. If we did pay AMF's with the way that letter is worded, we would still walk.
"There will be a special assessment each year to fund these renovations. Attached is your invoice for this year". Then it list what they will do over the three years which does not come close to the amount that they would receive.
That is insane, and there is nothing that states how much the two future special assessments are going to be. This is a money grab, makes it worse than paying Flamingo rates.
As stated by RonDon, La Vista is a great place if you are looking to buy. We see our travel plans changing a lot in the next few years so we ended up selling our La Vista units through the resort and got full retail value minus their commission, we actually made money on the buy/sell there. Royal Islander is another place that seems to hold value. Key for us is never finance a time share, buy foreign only and don't give your SS# when you do buy no matter how many times they ask for it, do your research and know that at some point you may be walking away with nothing but memories.
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