Anyone know how HICV accounts work with multiple people? If I have 4 deeds as follows:
Husband, as sole and separate property
Wife, as sole and separate property
Wife and Husband, as joint tenants with right of survivorship
Husband and Wife, as joint tenants with right of survivorship
How many different HICV accounts will be created? Does name order on the deed matter? Does order of deeds into HICV matter? In Escapes, I believe the account was based on the first name on a deed, which would put these into two different accounts (Husband and Husband first in one account and Wife and Wife first in second account).
"How did the account get linked into a pooled account?"
ReplyDeleteMostly by luck. We converted to points at the last minute after HICV bought Summer Bay LV. We had 6 or 7 deeds at that time, 2 purchased retail (h/w and b-i-l), the rest via secondary market at different times which is how the resulting deeds got names mixed. We asked the question when we started the conversion process, since we could see the value of status, and were told we could group all the deeds under one account.
The 'second' account is the pooled account. They aren't pooled a 3rd time in case I wasn't clear, which is normal for me.
ReplyDeleteAn update on multiple people on an account: all units in my account were in my name only until I quit claimed my wife onto one of the deeds. At that point, she was able to create her own account, see all deeds and reservations, and be added to any reservation as an owner. A transfer on a resale unit in her name only recently completed and it was added to the same account - so now there are units in my name only, her name only, and both of our names on a single account - no special action was required.
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