Orlando, Florida (PRWEB) June 20, 2013
RSG Developer Services is now offering a mutually beneficial strategy through their DeedBack Solutions Program (DBS).
Since 2008, the real estate market has arguably been the hardest hit sector by the recent global economic downturn. Timeshare real estate is no exception. Owners are defaulting on their maintenance fees at never before seen volumes, causing a discouraging, almost irreversible effect. Many times when owners default, developers or HOA’s have no choice but to raise fees or impose assessments to cover the delinquencies of these defaulted accounts. The increase of fees or assessments causes even further delinquency from the owners already in default, and can potentially create new delinquencies, creating a never ending cycle that is detrimental to both the resort and the owners.
The DBS program provides resorts with a much needed compliance solution that will increase revenue from their current owner base while providing owners who wish to part with their timeshare an HOA endorsed, trusted and secure way of doing so. DBS can also help owners avoid falling victim to unscrupulous companies that take their money and do not deliver results. The DBS program ensures that deed-backed inventory stays in the control of the HOA, who can then implement ways to either resell it or monetize it through their own or various DBS distribution initiatives, lowering overall costs.
RSG provides a powerful combination of experience, credibility, ethics and results. With over 32 years in business, RSG has led the way in developing innovative solutions within the resort and vacation ownership industry. Through effective, state of the art, and secure information technology systems, the resorts owner data is encrypted and always secure as privacy and security of the resorts confidential owner records is of primary concern to DBS.
The DBS program compliments existing collection efforts and creates opportunity for the resort to generate additional revenues from accounts that either will not or cannot pay their arrears. The techniques used by DBS to make contact with owners is pleasant, convenient and respectful at all times. Preserving owner dignity is also of critical importance. Owners are provided with choices that include paying the amount in arrears to bring their account current, (continuing with their ownership) or participation in the DBS program, where the inventory is returned to the HOA through a secure, quit claim process.
In most cases, this process takes as little as 72 hours once the paperwork is completed. No foreclosures, no legal fees, no hassle and no cost to the resort. The HOA simply allows the owner to sign a deed in lieu and the consumer pays for the expense allowing the resort to regain control of delinquent inventory at a zero cost basis while helping the owner avoid foreclosure with a viable solution that is safe and resort supported.
About Deedback Solutions
Deedback Solutions is a division of RSG Developer Services, the world’s largest private branded fulfilment company. RSI has over 300,000 dues paying members with offices currently located in Florida, Georgia and North Carolina.