Roger Has Spoken at Many Timeshare Conferences Throughout the Years
Here are a few that were caught on video:
- Roger Speaks on GNEX Timeshare Panel, February 2, 2012:
- Resort Trades Interview of John Rogers Burk at the April 2008 ARDA Convention
Sharon Drechsler: Time Share Interview, ARDA 2008 (Video Interview Script-Video not shown.)
John Rogers Burk, RRP, Attorney at Law
‘Roger,’ as he prefers to be called, is an attorney with thirty-four years in the resort- real estate field and specializes in non-deeded timeshare interests. He shared with us his why the sale of timeshare as a non-deeded interest is more beneficial to a resort, than the more traditional, deeded interest. “Nineteen years ago the founders of Trendwest Resort came to me and wanted to set up a multi-site, non-specific timeshare club. I said, here’s how you do it: You convey the property to the club in exchange for the right to sell voting memberships in the club. And so members of that club have the same bundle of rights as if they’d been given a deed. They just don’t have the personal exposure for liability for what happens on the property. Plus, it’s much easier to foreclose if they walk away from their timeshare.”
Burk explains in the course of his interview how escrow companies are telling him they’ve processed hundreds of foreclosed weeks and nobody ever shows up to contest the proceedings. “They’ve either died or moved away. They just want to walk away from it.” He says that during a recent meeting of ARDA-Colorado, he heard talk that the state may soon allow non-judicial foreclosure. It’s still an expensive procedure to go through, as compared to the soft costs of sending a letter of cancellation to the owner of a non-deeded interest. What can associations of sold-out resorts with deeded interests do, if they are able get the deed back? Burk says, “I’ve been preaching this for years. When they take back a week, just hold onto the deed and issue a membership. I’ve handled cases where, even under the governing documents, they didn’t specify that you had to use a deed to issue the timeshare interest and so they didn’t even have to amend their documents.”
http://www.drechslercommunications.com/images/PDFs/May-June 20, 2008-ARDA Leaders.pdf
