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Re: What To Do With Our Villa? (by Jeffrey W.):
jasons48 wrote:They are only deeding new sales through an irrevocable trust called a fideicomiso, not pre eexisting ownership (ie 50 yr rt to use). They have not decide if they will allow you to "upgrade" at a later time.dmagliulo wrote:jasons48 wrote:We have owned unit #12 for several years now. I can tell you that exchanging through The Registry Collection is great if you find a place that you want to go. It costs $250 for an exchange. We have done it several times and the other properties that we have gone to have been on par with Montecristo. Renting is probably a different story. We have waited to try and rent out due to all of the construction. I think long term this will be great for you but you probably will have to be patient. Definitely check out the Registry! If I can answer any other questions of yours, please let me know. I believe I have a pretty good handle on the situation. I am curious as to what the units are going for at this time and is the property deeded or how long is your right to use. It would be great if you could let me know.Thanks, Jason
Hi Jason, We also own Villa 12; the first 2 weeks in May. When do you own? I am interested in contacting other Villa 12 owners for concerns, questions, etc.
Thank you, Dianne
We own the month of August. The only think I am wondering is about the property being deeded over to me for that month vs the 50 year lease type. Have you heard anything about a change over? Thanks, Jason
I just bought on the resale market for a great price. I had been dealing with a Montecrissto salesman about a possible "new" purchase agt an inflated price. He promised if I did not buy he'd return my $500 deposit. When I did not buy he welched. Fortunately I have written proof of his agreement. Please do yourself a favor and buy on the resale mkt and not thru Montecrtisto's salesemen. Now that I am an owner, I would love to keep in contact with other owners.