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37 38 39</head> 40 41 42<body topmargin="0" leftmargin="0" link="#3F2C11" vlink="#333333" onload="dynAnimation()" bgcolor="#534B44" background="images/Backgroundpattern.jpg" onclick="dynOutline()" language="Javascript1.2"> 43 44<div align="center"> 45 <center> 46 <table border="0" width="926" height="593" cellspacing="0" cellpadding="0" bordercolor="#FFFFFF" bgcolor="#FFFFFF"> 47 <tr> 48 <td width="3" height="892" bgcolor="#2F200D" valign="middle" rowspan="3"> 49 50 </td> 51 <td width="147" height="179" bgcolor="#FFFFFF" valign="middle" background="http://www.fractionalvillas.com/images/headerhouse.jpg"> 52 53 <p style="margin-top: 0; margin-bottom: 0" align="center"> 54 55 <br> 56 57 <br> 58 59 <br> 60 61 <br> 62 63 <br> 64 65 <br> 66 67 <font color="#FFFFFF" face="Verdana" size="1"><b>Fractional Real</b></font> 68 <p style="margin-top: 0; margin-bottom: 0" align="center"><font color="#FFFFFF" face="Verdana" size="1"><b>Estate Ownership</b></font> 69 70 </td> 71 <td width="18" height="796" bgcolor="#FFFFFF" rowspan="3" background="http://www.fractionalvillas.com/images/shadowbar.jpg"> 72 73 74 </td> 75 <td width="759" height="179" bgcolor="#FFFFFF"> 76 77<p align="right" style="line-height: 100%; margin-top: 0; margin-bottom: 0"><font color="#FFFFFF"><a href="http://www.fractionalvillas.com/faqs.htm"><font face="Verdana" size="1">FAQs</font></a><font face="Verdana" size="1"> 78 <a href="http://www.fractionalvillas.com/public_html/sitemap.html">Sitemap</a> </font></font></p> 79 80<p align="center" style="line-height: 100%; margin-top: 0; margin-bottom: 0"><font size="2" face="Verdana"><img border="0" src="http://www.fractionalvillas.com/key/Fractional_Villas_Fractional_Ownership.jpg" width="525" height="106" alt="Fractional Ownership Real Estate. Luxury fractional ownership properties in the world's best locations. Use it anytime! Share the costs. Deeded equity interest. "></font></p> 81 82<p align="center" style="line-height: 100%; margin-top: 0; margin-bottom: 0"><font face="Verdana" color="#534b44" size="2"><span style="letter-spacing: 3pt">Fractional 83ownership of dream vacation homes.</span></font></p> 84 85<table border="0" width="100%"> 86 <tr> 87 <td width="25%" align="center" valign="middle" bgcolor="#FFFFFF"> 88 <p style="margin-top: 0; margin-bottom: 0"><b><font face="Verdana" color="#534b44" size="2"><sub><span> 89 </span>Mountain<span><a onmouseover="document['fpAnimswapImgFP13'].imgRolln=document['fpAnimswapImgFP13'].src;document['fpAnimswapImgFP13'].src=document['fpAnimswapImgFP13'].lowsrc;" onmouseout="document['fpAnimswapImgFP13'].src=document['fpAnimswapImgFP13'].imgRolln" href="http://www.fractionalvillas.com/mountain.htm"><img border="0" src="http://www.fractionalvillas.com/key/Fractional_Homes_2.gif" align="middle" id="fpAnimswapImgFP13" name="fpAnimswapImgFP13" dynamicanimation="fpAnimswapImgFP13" lowsrc="http://www.fractionalvillas.com/images/Iconsmall2.gif" width="26" height="24" alt="Fractional Ownership Real Estate. Luxury fractional ownership properties in the world's best locations. Use it anytime! Share the costs. Deeded equity interest. "></a></span>Villas</sub></font></b></p> 90 </td> 91 <td width="25%" align="center" valign="middle" bgcolor="#FFFFFF"> 92 <p style="margin-top: 0; margin-bottom: 0"><b><font face="Verdana" color="#534b44" size="2"><span><sub> 93 </sub> 94 </span><sub>Metro</sub><span><sub><a onmouseover="document['fpAnimswapImgFP14'].imgRolln=document['fpAnimswapImgFP14'].src;document['fpAnimswapImgFP14'].src=document['fpAnimswapImgFP14'].lowsrc;" onmouseout="document['fpAnimswapImgFP14'].src=document['fpAnimswapImgFP14'].imgRolln" href="http://www.fractionalvillas.com/metro.htm"><img border="0" src="http://www.fractionalvillas.com/key/Fractional_Homes.jpg" align="middle" id="fpAnimswapImgFP14" name="fpAnimswapImgFP14" dynamicanimation="fpAnimswapImgFP14" lowsrc="http://www.fractionalvillas.com/images/Iconsmall2.gif" width="26" height="24"></a>Villas</sub> 95 </span></font></b></p> 96 </td> 97 <td width="25%" align="center" valign="middle" bgcolor="#FFFFFF"> 98 <p style="margin-top: 0; margin-bottom: 0"><b><font face="Verdana" color="#534b44" size="2"><sub><span> 99 </span>Beach<span><a onmouseover="document['fpAnimswapImgFP15'].imgRolln=document['fpAnimswapImgFP15'].src;document['fpAnimswapImgFP15'].src=document['fpAnimswapImgFP15'].lowsrc;" onmouseout="document['fpAnimswapImgFP15'].src=document['fpAnimswapImgFP15'].imgRolln" href="http://www.fractionalvillas.com/beach.htm"><img border="0" src="http://www.fractionalvillas.com/key/Fractional_Homes.jpg" align="middle" id="fpAnimswapImgFP15" name="fpAnimswapImgFP15" dynamicanimation="fpAnimswapImgFP15" lowsrc="http://www.fractionalvillas.com/images/Iconsmall2.gif" width="26" height="24" alt="fractional home ownership, fractional interest ownership, fractional ownership, fractional ownership beach, fractional ownership california, fractional ownership condo, fractional ownership financing, fractional ownership homes, fractional ownership properties, fractional ownership property, fractional ownership real estate, fractional ownership resort, fractional ownership vacation homes, fractional property, fractional real estate, fractional share, fractional share ownership, fractional timeshare, shared ownership properties, timeshare fractional ownership"></a>Villas</span></sub></font></b></p> 100 </td> 101 <td width="25%" align="center" valign="middle" bgcolor="#FFFFFF"> 102 <p style="margin-top: 0; margin-bottom: 0"><b><font face="Verdana" color="#534b44" size="2"><sub><span> 103 </span>Lifestyle<span><a onmouseover="document['fpAnimswapImgFP16'].imgRolln=document['fpAnimswapImgFP16'].src;document['fpAnimswapImgFP16'].src=document['fpAnimswapImgFP16'].lowsrc;" onmouseout="document['fpAnimswapImgFP16'].src=document['fpAnimswapImgFP16'].imgRolln" href="http://www.fractionalvillas.com/Lifestyle.htm"><img border="0" src="http://www.fractionalvillas.com/key/Fractional_Homes.jpg" align="middle" id="fpAnimswapImgFP16" name="fpAnimswapImgFP16" dynamicanimation="fpAnimswapImgFP16" lowsrc="http://www.fractionalvillas.com/images/Iconsmall2.gif" width="26" height="24" alt="fractional ownership real estate fractional property ownership fractional real estate fractionalization fractionals shared ownership tenants in common co-ownership share ownership partner homes resort homes second homes timeshares membership shares deeded"></a>Villas</span></sub></font></b></p> 104 </td> 105 </tr> 106</table> 107 </td> 108 </tr> 109 <tr>
110 <td width="147" height="877" bgcolor="#2F200D" valign="top" align="left"> 111 <div align="center"> 112 <table border="0" width="100%" height="751" cellpadding="0"> 113 <tr> 114 <td width="100%" valign="top" align="left" background="http://www.fractionalvillas.com/key/Fractional_Beach_Resort.jpg" height="45" bgcolor="#2F200D"> </td> 115 </tr> 116 <tr> 117 <td width="100%" valign="baseline" align="left" background="http://www.fractionalvillas.com/key/Fractional_Ownership_Europe.jpg" height="45" bgcolor="#2F200D"> </td> 118 </tr> 119 <tr> 120 <td width="100%" valign="baseline" align="left" background="http://www.fractionalvillas.com/key/Helium_Report_Fractional_Guide.jpg" height="45"> </td> 121 </tr> 122 <tr> 123 <td width="100%" valign="baseline" align="left" height="1" bgcolor="#2F200D"> </td> 124 </tr> 125 <tr> 126 <td width="100%" valign="top" align="left" height="1"> 127 <table border="0" width="100%" cellspacing="0" cellpadding="0"> 128 <tr> 129 <td width="141" height="31"><a 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height="31" id="fpAnimswapImgFP19" name="fpAnimswapImgFP19" dynamicanimation="fpAnimswapImgFP19" lowsrc="http://www.fractionalvillas.com/images/propertiesbutton2.jpg"></a></td> 139 </tr> 140 <tr> 141 <td width="141" height="31"><a href="http://www.fractionalvillas.com/pricing.htm" onmouseover="document['fpAnimswapImgFP20'].imgRolln=document['fpAnimswapImgFP20'].src;document['fpAnimswapImgFP20'].src=document['fpAnimswapImgFP20'].lowsrc;" onmouseout="document['fpAnimswapImgFP20'].src=document['fpAnimswapImgFP20'].imgRolln"><img border="0" src="http://www.fractionalvillas.com/images/pricingbutton1.jpg" width="141" height="31" id="fpAnimswapImgFP20" name="fpAnimswapImgFP20" dynamicanimation="fpAnimswapImgFP20" lowsrc="http://www.fractionalvillas.com/images/pricingbutton2.jpg"></a></td> 142 </tr> 143 <tr> 144 <td width="141" height="31"><a href="http://www.fractionalvillas.com/compare.htm" 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name="fpAnimswapImgFP36" dynamicanimation="fpAnimswapImgFP36" lowsrc="http://www.fractionalvillas.com/images/furnishingsbutton2.jpg"></a></td> 148 </tr> 149 <tr> 150 <td width="141" height="31"><a onmouseover="document['fpAnimswapImgFP35'].imgRolln=document['fpAnimswapImgFP35'].src;document['fpAnimswapImgFP35'].src=document['fpAnimswapImgFP35'].lowsrc;" onmouseout="document['fpAnimswapImgFP35'].src=document['fpAnimswapImgFP35'].imgRolln" href="http://www.fractionalvillas.com/management.htm"><img border="0" src="http://www.fractionalvillas.com/images/managementbutton1.jpg" width="141" height="31" id="fpAnimswapImgFP35" name="fpAnimswapImgFP35" dynamicanimation="fpAnimswapImgFP35" lowsrc="http://www.fractionalvillas.com/images/managementbutton2.jpg"></a></td> 151 </tr> 152 <tr> 153 <td width="141" height="31"><a href="http://www.fractionalvillas.com/faqs.htm" 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name="fpAnimswapImgFP25" dynamicanimation="fpAnimswapImgFP25" lowsrc="http://www.fractionalvillas.com/images/sellersbutton2.jpg"></a></td> 157 </tr> 158 <tr> 159 <td width="141" height="31"><a href="http://www.fractionalvillas.com/yachts.htm" onmouseover="document['fpAnimswapImgFP26'].imgRolln=document['fpAnimswapImgFP26'].src;document['fpAnimswapImgFP26'].src=document['fpAnimswapImgFP26'].lowsrc;" onmouseout="document['fpAnimswapImgFP26'].src=document['fpAnimswapImgFP26'].imgRolln"><img border="0" src="http://www.fractionalvillas.com/images/yachtsbutton1.jpg" width="141" height="31" id="fpAnimswapImgFP26" name="fpAnimswapImgFP26" dynamicanimation="fpAnimswapImgFP26" lowsrc="http://www.fractionalvillas.com/images/yachtsbutton2.jpg"></a></td> 160 </tr> 161 <tr> 162 <td width="141" height="31"><a href="http://www.fractionalvillas.com/contactus.htm" 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177<input type="hidden" name="redirect" value="thankyou.htm" /> 178 </center> 179</FORM> 180 181 </table> 182 </div> 183 </td> 184 <td width="759" height="877" valign="top" bgcolor="#FFFFFF"> 185<div align="left"> 186 <div align="center"> 187 <table height="12" width="100%" border="0"> 188 <tbody> 189 <tr> 190 <td bgColor="#7D5435" height="33" background="http://www.fractionalvillas.com/images/colorbarwide.JPG"><b><font face="Verdana" color="#ffffff" size="3"> <font face="Verdana" size="3">Frequently 191 Asked Questions</font><font size="3"><span style="Z-INDEX: -5"> </span><font face="Verdana">About 192 Fractional Ownership.</font></font></font></b></td> 193 </tr> 194 </tbody> 195 </table> 196 </div> 197 </div> 198<div align="center"> 199 <table border="0" width="100%" height="5984"> 200 <tr> 201 <td bgcolor="#FFFFFF"> 202<table height="1" width="100%" border="0"> 203 <tbody> 204 <tr> 205 <td vAlign="center" align="left" height="30"> 206 <p align="center"><b><font face="Verdana" size="2" color="#FF0000">Please 207 click on any question below.</font></b></p> 208 </td> 209 </tr> 210 </tbody> 211</table> 212<table width="717" border="0" height="5576"> 213 <tbody> 214 <tr> 215 <td vAlign="top" align="left" bgColor="#FFFFFF"> 216 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 217 <li> 218 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Why 219 1/8th shares versus more, or less owners?</font></b><font face="Verdana" color="#3f2c11" size="2"> 220 <ul style="display:block" type="square" dynamicoutline> 221 <li> 222 <p style="LINE-HEIGHT: 150%" align="left">Many forms of vacation 223 property ownership, such as most time shares are based on just a 224 few weeks of use per year. This effectively becomes more like a 225 prepaid hotel vacation. True pride of ownership can only come 226 from the exclusive right to use your property on a more frequent 227 basis. With 1/8th share deeded ownership, you will have the 228 right to use the property as often as you wish, subject to the 229 tiebreaker rules. You'll enjoy usage throughout all seasons, 230 providing you a complete appreciation of your property and the 231 rewards and activities of the community. Studies have determined 232 that the average 2nd home is used less than 30 days per year. 233 Our 1/8th share ownership, provides you with the optimum amount 234 of usage time, while not burdening you with more upfront 235 out-of-pocket cost, ongoing expense or use time than you may 236 need. Meaningful and fulfilling ownership, not limited access 237 that doesn't make sense, and doesn't provide you with the real 238 benefits of a vacation property of your own.<br> 239 <br> 240 Please note, while 1/8th is our most popular ownership 241 structure, some of our Fractional Villas<font face="Verdana" color="#534b44" size="1"><sup>® 242 </sup></font>are offered in 1/4th, 1/6th, 1/7th, 1/10th and 243 1/12th interests, depending on local zoning codes and market 244 conditions. In these cases, all documents and operating 245 agreements are adjusted accordingly along with the frequency of 246 use.</font></p> 247 </li> 248 </ul> 249 </li> 250 </ul> 251 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 252 <li> 253 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Can 254 I buy more than one share?</font></b><font face="Verdana" color="#3f2c11" size="2"> 255 <ul style="display:block" type="square" dynamicoutline> 256 <li> 257 <p style="LINE-HEIGHT: 150%" align="left">Yes, you may purchase 258 more shares to allow you and your family more frequent use of 259 the property. You can also buy additional interests as they may 260 become available in the future from your fellow share owners, or 261 you may sell your fractional ownership interest to another 262 owner, or any third party, at the then fair market value. </font></p> 263 </li> 264 </ul> 265 </li> 266 </ul> 267 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 268 <li> 269 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">How many days per year do I get to use the 270 property?</font></b> 271 <ul style="display:block" type="square" dynamicoutline> 272 <li> 273 <p style="LINE-HEIGHT: 150%" align="left"><font face="Verdana" color="#3f2c11" size="2"><u>You are not limited to any particular amount of use 274 of the property</u>. You can use the property as often, 275 and as much as you wish, subject to the rules of the Priority 276 Reservation System established for your property. Each of the 277 Co-Owners has an equal right to use the property. You are
278 guaranteed your respective proportionate use of the property 279 each year. In some years, some of the Co-Owners may wish to use more time than in other years; and in some years, less time. 280 For example: if your property has 8 Co-Owners, and each Co-Owner 281 used the property equally, they would enjoy approximately 45 days of use per 282 year.</font></p> 283 </li> 284 </ul> 285 </li> 286 </ul> 287 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 288 <li> 289 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">How 290 do I know my schedule for use?</font></b><font face="Verdana" color="#3f2c11" size="2"> 291 <ul style="display:block" type="square" dynamicoutline> 292 <li> 293 <p style="LINE-HEIGHT: 150%" align="left">With our Priority 294 Reservation System you will be able to plan ahead, years in 295 advance, knowing exactly when you have the highest priority 296 making it optimum for you to make your reservation. Or, you may 297 use it on a moments notice, subject to availability, and your 298 priority over other owners for a certain week. One week per 299 year, in the spring, is reserved for routine maintenance and 300 deep cleaning. This provides for 51 weeks of total owners 301 occupancy, per year, or if used equally in a particular year, 302 just under an average of 7 weeks per owner. For more information 303 see our <a href="http://www.fractionalvillas.com/schedule.htm" target="_blank">Priority 304 Reservation System</a>. </font></p> 305 </li> 306 </ul> 307 </li> 308 </ul> 309 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 310 <li> 311 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Can 312 I use the property on holidays? </font></b><font face="Verdana" color="#3f2c11" size="2"> 313 <ul style="display:block" type="square" dynamicoutline> 314 <li> 315 <p style="LINE-HEIGHT: 150%" align="left">Each owner will have 316 the highest priority for every specific holiday and every week 317 of the year, once every eight years. This means that you will 318 have an equal opportunity to reserve the property on those 319 holidays that are important to you. Owners may independently 320 swap their priority, or scheduled time with each other, 321 combining weeks, or opting for time that better fits their 322 respective schedules. Either way, you won't have the customary 323 frustration of not being able to spend more time at the 324 property, knowing that it won't be vacant for long, or unused, 325 while still providing you the option to use it throughout the 326 year. </font></p> 327 </li> 328 </ul> 329 </li> 330 </ul> 331 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 332 <li> 333 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px;
333 LINE-HEIGHT: 100%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">As 334 a fractional interest owner, will I have exclusive use of the 335 property?</font></b><font face="Verdana" color="#3f2c11" size="2"> 336 <ul style="display:block" type="square" dynamicoutline> 337 <li> 338 <p style="LINE-HEIGHT: 150%" align="left">Yes, the property will 339 be exclusively yours to use for up to one week at time. Weekly 340 periods begin on Monday afternoons, and end on the following 341 Monday mornings. The housekeepers completely clean the property 342 and prepare it for each owners arrival. You may arrive any 343 time after the scheduled arrival time. Many owners will skip the 344 weekdays and arrive for extended weekends only. Thus, another 345 owner may use the property, on those days when you are not, 346 maximizing everyones use. In some years you might end up 347 using the property 10, 15 or even 20 weeks a year, when other 348 owners dont wish to use it as much! For more information see 349 our <a href="http://www.fractionalvillas.com/schedule.htm" target="_blank">Priority 350 Reservation System</a>. </font></p> 351 </li> 352 </ul> 353 </li> 354 </ul> 355 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 356 <li> 357 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Where 358 did the concept of fractional ownership originate?</font></b><font face="Verdana" color="#3f2c11" size="2"> 359 <ul style="display:block" type="square" dynamicoutline> 360 <li> 361 <p style="LINE-HEIGHT: 150%" align="left">The concept isn't new, 362 but the term "fractional ownership" is. Friends, 363 relatives, and business partners have been pooling their 364 resources to buy a second home for centuries. In the early 365 1990's, fractional ownership of private jets became popular, 366 followed by yachts, then luxury vacation homes. According 367 to the National Association of Realtors, in 2004, "36% of 368 all home sales were second homes purchased for either vacation 369 use or investment". Despite the current market 370 slowdown, the interest and demand for fractional ownership is 371 growing every year, as more and more consumers discover that 372 they can have their proverbial dream vacation home, without all 373 of the expense, hassle or guilt!<br> 374 <br> 375 Fractional Villas<font face="Verdana" color="#534b44" size="1"><sup>® 376 </sup></font>recognized the need for an exclusive vacation home, 377 where a true sense of pride of ownership exists; and the 378 benefits of making a wise purchase can be realized with an 379 eighth-share fractional deeded ownership, instead of a club 380 membership in an elusive complex, with ever changing properties. 381 Whether its a vacation villa, private jet, or yacht, 382 fractional ownership is proving to be the best way to purchase 383 and enjoy high-value assets that you don't use fulltime.</font></p> 384 </li> 385 </ul> 386 </li> 387 </ul> 388 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 389 <li> 390 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Can't 391 I just find a property and purchase it with my friends?</font></b><font face="Verdana" color="#3f2c11" size="2"> 392 <ul style="display:block" type="square" dynamicoutline> 393 <li> 394 <p style="LINE-HEIGHT: 150%" align="left">You can, however, with 395 Fractional Villas<font face="Verdana" color="#534b44" size="1"><sup>® 396 </sup></font>you don't need to convince 7 others to buy a share 397 in your dream vacation home, which as most people know, can be 398 very difficult. Further, you will need to prepare a 399 comprehensive set of CC&R's, operating by-laws, rules and 400 regulations, as well as all of the legal and HOA documents for 401 purchase and shared ownership. Instead, with Fractional Villas<font face="Verdana" color="#534b44" size="1"><sup>® 402 </sup></font>you can just make your own decision to own a share
403 in a larger and more luxurious villa, than you could normally 404 afford, in an area where you would otherwise be priced out of 405 the market. With our typical Fractional Villa, you'll own a 406 1/8th share with 7 other proud owners, not hundreds, like with 407 the "residence clubs" or timeshare properties. We do 408 all of the work, and take all of the risk, identifying the 409 property, furnishing it, appointing the property manager and a 410 team of maintenance professionals, preparing all of the legal 411 documents correctly, and marketing the property to just 8 412 exclusive owners. </font></p> 413 </li> 414 </ul> 415 </li> 416 </ul> 417 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 418 <li> 419 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 100%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">How 420 does fractional ownership primarily differ from the economic 421 considerations for wholly owned real estate?</font></b><font face="Verdana" color="#3f2c11" size="2"> 422 <ul style="display:block" type="square" dynamicoutline> 423 <li> 424 <p style="LINE-HEIGHT: 150%" align="left">Primarily, fractional 425 ownership allows you to afford a much more luxuri
425ous, elegant 426 and larger vacation property than you would normally on your 427 own. All costs and expenses are all divided and shared amongst 428 the owners vs. carrying the burden by yourself. Ownership is 429 evidenced by a fee simple "Tenants In Common" grant 430 deed to the property, backed by title insurance, exactly like 431 the home you live in now. However, you still enjoy all the 432 benefits of real estate ownership. This is a true value catering 433 to discriminating investors who are looking for a second home 434 but really don't want the full burden of owning a second home. 435 The more expensive the property, the more fractional ownership 436 makes financial sense! </font></p> 437 </li> 438 </ul> 439 </li> 440 </ul> 441 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 442 <li> 443 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Are 444 there legal agreements between the co-owners?</font></b><font face="Verdana" color="#3f2c11" size="2"> 445 <ul style="display:block" type="square" dynamicoutline> 446 <li> 447 <p style="LINE-HEIGHT: 150%" align="left">Fractional Villas<font face="Verdana" color="#534b44" size="1"><sup>® 448 </sup></font>has developed, what is considered one of the 449 "best set of proprietary fractional ownership 450 documents" in the industry, from the "co-owners point 451 of view". Each property is owned, governed and operated by 452 a very tight package of legal agreements that remove virtually 453 all ambiguity and questions for each of the owners. These 454 agreements help to assure each owner of their independent quiet 455 enjoyment, legal control, property rights and ownership 456 protection. Without these agreements, a group of owners would 457 effectively be operating on a handshake, with faith that 458 everything will work out. This may work for friends and family 459 (until there is a problem), but a handshake cannot be relied on 460 for independent owners, brought together under this 461 sophisticated structure. We are confident that after your 462 review, you will agree that virtually every concern has been 463 addressed and prescribed for the benefit of all co-owners, 464 assuring a very safe and enjoyable ownership experience. <br> 465 <br> 466 This package of documents is tailored specifically to each 467 property and the local municipal codes, and is made available to 468 each buyer in escrow, during their contingency evaluation 469 period. </font></p> 470 </li> 471 </ul> 472 </li> 473 </ul> 474 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 475 <li> 476 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Who 477 are fractional properties really for?</font></b><font face="Verdana" color="#3f2c11" size="2"> 478 <ul style="display:block" type="square" dynamicoutline> 479 <li> 480 <p style="LINE-HEIGHT: 150%" align="left">This type of vacation 481 real estate ownership is ideal if you want the benefits of 482 owning an impressive second home (typically of more value than 483 you would afford on your own), complete with management 484 services, located in a very exclusive community, but you can't 485 justify whole ownership because of your projected limited use. <br> 486 <br> 487 Most fractional owners are frequent visitors to the resort area, 488 and want something they can call "their own", with 489 friends and family members. These buyers aren't looking to be 490 sold vacation time, but instead want an upscale vacation 491 property without the responsibilities and costs associated with 492 a wholly owned home. Fractional ownership is a lifestyle choice, 493 yet an affordable and sensible way to purchase a second home, 494 providing most of the benefits of true property ownership. With 495 Fractional Villas<font face="Verdana" color="#534b44" size="1"><sup>® 496 </sup></font>, you can own several vacation properties - in 497 several parts of the world - collectively for the price of just 498 one!</font><br> 499 <blockquote> 500 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="center"><a href="http://www.fractionalvillas.com/mammothcomparison.htm" target="_blank"><font face="Verdana" color="#a47535" size="2">Is 501 co-ownership right for you?</font></a></p> 502 </blockquote> 503 </li> 504 </ul> 505 </li> 506 </ul> 507 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 508 <li> 509 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px;
509 LINE-HEIGHT: 100%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">How 510 do Fractional Villas<font face="Verdana" color="#534b44" size="1"><sup>® 511 </sup></font>differ from residence clubs or condo hotels?</font></b><font face="Verdana" color="#3f2c11" size="2"> 512 <ul style="display:block" type="square" dynamicoutline> 513 <li> 514 <p style="LINE-HEIGHT: 150%" align="left">Both offer luxurious 515 accommodations and services for the person seeking a vacation 516 home. However, the residence club/condo hotel tends to be an 517 individual room or suite located within a major multi-unit 518 complex. In most cases, the ownership is of a "like kind 519 unit", meaning you will rarely stay in the same unit twice. 520 Effectively, you have bought a floating floor plan in the 521 complex, even though you may have title to a specific property, 522 or unit. With a Fractional Villa you will own and enjoy the same 523 property, on every visit, not just a floor plan where you float 524 from similar unit to unit. Additionally, a private estate 525 Fractional Villa assures you the highest degree of privacy. No 526 public hot tubs, lobbies, parking lots, or hallways!<br> 527 <br> 528 Residence clubs typical "$25,000 annual fees" equate 529 to $555.00 per day, with just 45 days of usage rights. The lost 530 interest (cost of funds) for the typical hefty, non-interest 531 bearing $350,000 to $400,000 membership fee adds another 532 significant cost. At just 5%, your cost of funds is $20,000 per 533 year (lost interest that could have been earned in a typical 534 Certificate of Deposit). So, your combined effective cost of 535 funds and annual fees, per year, is about $45,000, before resale 536 fees. <br> 537 <br> 538 Under most club plans, if you wish to cancel your membership, 539 they charge a significant 20% resale fee. Only 80% of the 540 original fee is refundable should you decide to resign your 541 "club membership" So, lets say you retain your 542 membership for 10 years, that's another $80,000 charge tagged 543 onto the end (resale fee), or about $8,000 per year.
544 Effectively, under this scenario, you will have paid about 545 $48,000 per year. That's $1,066 a day for your use with no 546 equity upside! <br> 547 <br> 548 What would that $400,000 have made in equity, when leveraged 549 into a fractional deeded, "fee" ownership interest in 550 a resort property, over the same 10 years? </font></p> 551 </li> 552 </ul> 553 </li> 554 </ul> 555 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 556 <li> 557 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">How 558 is the home furnished?</font></b><font face="Verdana" color="#3f2c11" size="2"> 559 <ul style="display:block" type="square" dynamicoutline> 560 <li> 561 <p style="LINE-HEIGHT: 150%" align="left">Professional 562 decorators have furnished each home in a first class, upscale 563 style, befitting each locale and the architecture. Not trendy, 564 and not tacky. Elegantly appointed from luxurious furniture, to 565 paintings and museum quality panoramic photographs of the local 566 area, decorator touches, draperies, dishes, appliances, cooking 567 gear, linens, towels, comforters, even separate sets of summer 568 and winter bedding. Every detail is thought out to make you feel 569 at home in some ways better than home. Even board games, 570 pool tables (subject to space), and outdoor toys from mountain 571 bikes, to sleds, pool floats and beach toys as appropriate for 572 your locale, are all provided. No reasonable cost is spared, and 573 nothing is overlooked!</font></p> 574 </li> 575 </ul> 576 </li> 577 </ul> 578 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 579 <li> 580 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Can 581 I have guests stay at the property?</font></b><font face="Verdana" color="#3f2c11" size="2"> 582 <ul style="display:block" type="square" dynamicoutline> 583 <li> 584 <p style="LINE-HEIGHT: 150%" align="left">Unaccompanied family, friends, 585 business associates, or anyone else you designate, can use the 586 property as your guests, provided you have the highest 587 Reservation Priority for the subject week of use. Guests are treated as family and 588 may join you anytime, or use the property should your schedule not allow 589 you to attend at the same time. Guests shall be your 590 responsibility and required to respect the CC&Rs, Bylaws 591 and Rules & Regulations.</font></p> 592 </li> 593 </ul> 594 </li> 595 </ul> 596 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 597 <li> 598 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><font face="Verdana" color="#3f2c11" size="2"><b>Can 599 I rent out my unused time?</b> 600 <ul style="display:block" type="square" dynamicoutline> 601 <li> 602 <p style="LINE-HEIGHT: 150%" align="left">Certain villas do 603 allow for the rental of your priority time, however, many do 604 not. In those cases, only owners and their direct guests may use 605 the property. This also helps maintain less wear and tear on the 606 property, and makes its use more personal and exclusive. With 607 rental potential, some villas may qualify for 1031 exchanges, 608 and additional tax benefits, that your professional tax advisor 609 will need to determine for you. </font></p> 610 </li> 611 </ul> 612 </li> 613 </ul> 614 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 615 <li> 616 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><font face="Verdana" color="#3f2c11" size="2"><b>Can 617 I exchange my priority time with another Co-Owner of the property?</b> 618 <ul style="display:block" type="square" dynamicoutline> 619 <li> 620 <p style="LINE-HEIGHT: 150%" align="left">You may exchange your 621 priority time with any other Co-Owner to combine weeks, or to 622 reserve your use of the property when it better fits your 623 schedule. </font></p> 624 </li> 625 </ul> 626 </li> 627 </ul> 628 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 629 <li> 630 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px;
630 LINE-HEIGHT: 100%" align="left"><font face="Verdana" color="#3f2c11" size="2"><b>Do 631 I have the same tax considerations with fractional ownership as with 632 purchasing the entire property exclusively? </b> 633 <ul style="display:block" type="square" dynamicoutline> 634 <li> 635 <p style="LINE-HEIGHT: 150%" align="left">Fractional ownership 636 is the same as ownership of any other real estate, wherein you 637 enjoy potential appreciation, depreciation, interest and expense 638 deductions. At your discretion, you may sell your share of the 639 property, gift it, or leave it to someone in a Will. Your tax 640 advisor will be better suited to provide specific details, and 641 advise what your individual tax circumstances may offer. You may 642 also register title in your childrens names to assist in 643 estate planning. </font></p> 644 </li> 645 </ul> 646 </li> 647 </ul> 648 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 649 <li> 650 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Are 651 there concierge services available to me?</font></b><font face="Verdana" color="#3f2c11" size="2"> 652 <ul style="display:block" type="square" dynamicoutline> 653 <li> 654 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left">Personal 655 concierge services are available to every owner as desired. 656 Prior to each owner's arrival, the property manager will be 657 certain the toiletries and linens are well stocked, make sure 658 the heating and air conditioning is set at your preferred 659 temperature, have your personal framed photos placed right where 660 you left them on your last visit, instruct the housekeeper to 661 store your vacation clothes for you in a secure storage area, 662 and put them back in the closet before you arrive. At your 663 direction, for an extra fee,<b> </b>our Property Concierge will 664 be sure to spoil you with all of the frills,<b> </b>from 665 personal grocery shopping to stock the fridge and kitchen with 666 your favorite foods and beverages, to a providing a butler, a 667 private chef to prepare your perfect party dinner, a bartender, 668 a nanny, a chauffeur to and from the airport or for a night out, 669 a bodyguard or any special security, or just ordering and 670 arranging fresh flowers before your arrival. Tee times, 671 restaurant or theater reservations, a day of fishing, yachting 672 or sailing, skiing or surfing lessons, a private massage, hair 673 and spa services, laundry, dry cleaning and even child daycare 674 or pet care services are all available to you as an owner of a 675 Fractional Villa.</font></p> 676 </li> 677 </ul> 678 </li> 679 </ul> 680 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 681 <li> 682 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Is 683 there a valet to help me on arrival?</font></b><font face="Verdana" color="#3f2c11" size="2"> 684 <ul style="display:block" type="square" dynamicoutline> 685 <li> 686 <p style="LINE-HEIGHT: 150%" align="left">Our optional Meet 687 & Greet service provided by the property concierge will 688 have a courteous valet meet you at the property upon your 689 arrival. They will arrive before you do, adjust the temperature 690 of the house and the hot tub, turn on the lights, shovel any 691 snow on the entry stairs and walkway, light a fire in the 692 fireplace, turn on the music to your favorite selections, help
693 you bring in your luggage, and even pop the cork on your 694 favorite bottle of wine! All you need to do is arrive. No 695 worries!</font></p> 696 </li> 697 </ul> 698 </li> 699 </ul> 700 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 701 <li> 702 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><font face="Verdana" color="#3f2c11" size="2"><b>What 703 are the Operating Costs associated with fractional ownership?</b> 704 <ul style="display:block" type="square" dynamicoutline> 705 <li> 706 <p style="LINE-HEIGHT: 150%" align="left">In addition to the 707 initial acquisition cost, you will share in the ongoing 708 Operating Expenses including the utilities, property insurance, all maintenance, general household 709 and cleaning supplies, toiletries, 710 fireplace logs, interim housekeeping, 711 deep cleaning, repairs, the replacement of all furnishings as needed, security service, 712 bookkeeping, and the Property Managers fee. All 713 expenses are passed through to each Co-Owner on an equal and 714 proportionate basis without markup by Fractional Villas<sup><font face="Tahoma" color="#534b44" size="1">®</font></sup>. 715 The property manager works on a fixed annual fee, without a 716 conflict of interest. Only optional concierge services will be 717 billed directly to any owner requesting them on an a la carte 718 basis. </font></p> 719 </li> 720 </ul> 721 </li> 722 </ul> 723 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 724 725 <li> 726 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><font face="Verdana" color="#3f2c11" size="2"><b>What 727 happens if another Owner doesnt pay his share of the on-going 728 Operating Expenses, or property taxes?</b></font><font face="Verdana" color="#3f2c11" size="2"> 729 <ul style="display:block" type="square" dynamicoutline> 730 <li> 731 <p style="LINE-HEIGHT: 150%" align="left">Like a condominium home owners association, if an Owner does not pay their share of any expense, as and when due, the 732 fractional HOA may foreclose on that Owners deeded share, following a strict protocol, and reimburse the HOA from the proceeds of the 733 foreclosure. It is unlikely any action of this severity will ever be necessary. 734 <u> In no case, is your deeded share ever in jeopardy by another Owners 735 default</u>. The buyer of the foreclosed share will then step into the shoes of the defaulting shareowner and 736 thereafter be responsible for that equity shares respective share of expenses. </font></p> 737 </li> 738 </ul> 739 </li> 740 </ul> 741 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 742 <li> 743 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Who controls the Home Owners Association?</font></b> 744 <ul style="display:block" type="square" dynamicoutline> 745 <li> 746 <p style="LINE-HEIGHT: 150%" align="left"><font color="#3f2c11" size="2" face="Verdana">Every Owner is a member of the 747 fractional HOA. Three of the Co-Owners rotate as members of the Board of Directors of the HOA for 748 two year terms each.</font></p> 749 </li> 750 </ul> 751 </li> 752 </ul> 753 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 754 755 <li> 756 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><font face="Verdana" color="#3f2c11" size="2"><b>Who 757 manages and maintains the property?</b> 758 <ul style="display:block" type="square" dynamicoutline> 759 <li> 760 <p style="LINE-HEIGHT: 150%" align="left">The Home Owners Association (consisting of 761 all of the Co-Owners) hires a Property Manager for annual periods. The Property 762 Manager manages every aspect of the property including the complete maintenance and care of your 763 villa, the payment of all operating expenses and the annual preparation and 764 filing of the tax return for the HOA. </font></p> 765 </li> 766 </ul> 767 </li> 768 </ul> 769 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 770 771 <li> 772 <font face="Verdana" color="#3f2c11" size="2"><b>What do the 773 operating expenses cover?</b> 774 </font> 775 <ul style="display:block" type="square" dynamicoutline> 776 <li> 777 <p style="LINE-HEIGHT: 150%" align="left"><font face="Verdana" color="#3f2c11" size="2">The 778 ongoing operating expense cover the 779 cost of all maintenance, repair, replacements and wear and tear 780 as required. A professional housekeeper is supervised by the 781 Property Manager, assuring the property is always clean and maintained in 782 a first class condition, as you would expect. Landscape 783 and pool maintenance is performed on a regularly scheduled basis 784 by local professionals, and, where necessary, snow removal as 785 required. Structural maintenance, including painting, and 786 repairs, is provided by the appropriate local trade contractors, 787 as and when needed. Certified professionals from the specific 788 equipment manufacturers and services will maintain the equipment 789 and appliances to our demanding standards. When the homeowners 790 are away, the property manager will look after the property, 791 assuring you the peace of mind that your property is safe and 792 secure. </font></p> 793 </li> 794 </ul> 795 </li> 796 </ul> 797 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 798 799 <li> 800 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Who 801 is responsible if an Owner damages the Villa?</font></b><font face="Verdana" color="#3f2c11" size="2"> 802 <ul style="display:block" type="square" dynamicoutline> 803 <li> 804 <p style="LINE-HEIGHT: 150%" align="left">Other than normal wear and tear, each Owner is responsible for immediate repair or replacement of any damage to the Villa or 805 to any of the furnishings, fixtures or equipment, if incurred during their use of the 806 property. </font></p> 807 </li> 808 </ul> 809 </li> 810 </ul> 811 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 812 <li> 813 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Are housekeeping 814 services included?</font></b> 815 <ul style="display:block" type="square" dynamicoutline> 816 <li> 817 <p style="LINE-HEIGHT: 150%" align="left"><font face="Verdana" color="#3f2c11" size="2">Each Owner pays for the cleaning of the Villa upon their departure. Housekeeping charges 818 are passed through to the respective Owner at the actual cost charged by the Housekeeper. </font></p> 819 </li> 820 </ul> 821 </li> 822 </ul> 823 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 824 825 <li> 826 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><b><font face="Verdana" color="#3f2c11" size="2">Is 827 the property non-smoking?</font></b><font face="Verdana" color="#3f2c11" size="2"> 828 <ul style="display:block" type="square" dynamicoutline> 829 <li> 830 <p style="LINE-HEIGHT: 150%" align="left">For the comfort of all 831 owners, and maintaining the condition of the property, smoking 832 is not allowed within any area of the home. </font></p> 833 </li> 834 </ul> 835 </li> 836 </ul> 837 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 838 <li> 839 <p style="LINE-HEIGHT: 150%" align="left"><font face="Verdana" color="#3f2c11" size="2"><b>Are 840 pets allowed at the property?</b> 841 <ul style="display:block" type="square" dynamicoutline> 842 <li> 843 <p style="LINE-HEIGHT: 150%" align="left">Owners will 844 collectively decide if their villa is pet friendly and establish 845 a special set of rules and conditions regarding their pets 846 access to the property.</font></p> 847 </li> 848 </ul> 849 </li> 850 </ul> 851 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 852 <li> 853 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 150%" align="left"><font face="Verdana" color="#3f2c11" size="2"><b>Can 854 I finance my purchase?</b> 855 <ul style="display:block" type="square" dynamicoutline> 856 <li> 857 <p style="LINE-HEIGHT: 150%" align="left">Fractional Villas<font face="Verdana" color="#534b44" size="1"><sup>® 858 </sup></font>has arranged with lenders to provide you a mortgage 859 for your purchase, requiring a typical deposit of 20% of the 860 share price. Most owners will, however, either pay all cash, or 861 opt to pay for their share with equity from their primary 862 residence, using a line of credit.</font></p> 863 </li> 864 </ul> 865 </li> 866 </ul> 867 <ul style="list-style-image: url('listarrow.gif')" initcollapsed dynamicoutline> 868 869 <li> 870 <p style="LINE-HEIGHT: 150%" align="left"><font face="Verdana" color="#3f2c11" size="2"><b>How 871 can I sell my share in the future?</b><ul style="display:block" type="square" dynamicoutline> 872 <li> 873 <p style="LINE-HEIGHT: 150%" align="left">You may sell your share to any other owner of the property, 874 or you may sell it to any third party. Typically, resale shares are listed with Fractional Villas®, 875 or with a local real estate broker, who will promote the sale of your share the same way they 876 promote any other property for sale. The market for fractional ownership shares is growing, 877 as more and more buyers realize the benefits and savings. You may also sell your share yourself, 878 by advertising in any publication, newspaper, or on the internet at free real estate listing sites. 879 You set the price and are in control of the sale, just like any other property sale. 880</font></p> 881 </li> 882 </li> 883 </ul> 884 </td> 885 </tr> 886 </tbody> 887</table> 888 889 </td> 890 </tr> 891 <tr> 892 <td height="378" bgcolor="#FFFFFF"> 893<blockquote> 894 <p style="line-height: 110%; margin-left: .25in; margin-right: .25in; margin-top: 0; margin-bottom: 0" class="MsoNormal"><font face="Tahoma" color="#534b44" size="1"><b>For 895more information, please contact us at: </b></font><span style="text-transform: uppercase"><font face="Verdana" size="1" color="#534b44"> 896</font><a href="mailto:[email protected]?subject=Please send me more information!"><font face="Verdana" size="1" color="#A47535"><b>[email protected]</b></font></a></span> 897</p> 898<br> 899<br> 900 901<p class="MsoNormal" style="line-height: 110%; margin-left: .25in; margin-right: .25in; margin-top: 0; margin-bottom: 0"><font face="Tahoma" color="#534b44" size="1">Each fractional ownership 902 property listed herein, is separately owned. Fractional Villas® 903 is neither the owner, nor the real estate sales broker of the 904 properties. Each Fractional Villas® fractional ownership 905 property is a separate offering. This is not a solicitation or 906 offering for fractional ownership in those states where 907 regulated. Fractional Villas makes no warranty express or 908 implied as to the merchantability or legality of any fractional 909 ownership offering herein.<br><br>The information contained on 910 this website is believed to be accurate to the best of our 911 knowledge. The purchaser of any fractional ownership interest is 912 solely responsible for verifying all information contained 913 herein. Actual Fractional Villas® properties may 914 vary in location, size, bedrooms, bathrooms, character, 915 furnishings, equipment, fixtures, amenities and features. 916 Certain photos featured within this website are for example 917 purposes only. Unless expressly stated in the purchase or 918 operating agreements of any property featured on this website, 919 Fractional Villas is not the property manager, concierge, or 920 scheduling agent, and shall not provide any services related 921 thereto.<br><br>Copyright © 2005 2015, 922 <a href="http://www.fractionalvillas.com/copyrightnotice.htm" target="_blank"> 923 Fractional Villas, Inc. Terms of use of this website</a>. All 924 Rights Reserved Fractional Villas, Inc. Del Mar, CA 92014 Green 925 Ownership and Fractional Escapes are trademarks owned by 926 Fractional Villas, Inc.</font> 927 928 </p> 929</blockquote> 930 931 </td> 932 </tr> 933 </table> 934</div> 935 </td> 936 </tr> 937 <center> 938 <tr>
939 <td width="147" height="187" bgcolor="#FFFFFF" valign="middle" background="http://www.fractionalvillas.com/images/sidebarbackgroundhouse.jpg"> 940 941 942 <p align="center"> 943 944 945 <br> 946 <br> 947 <br> 948 <br> 949 <br> 950 951 <b><span style="letter-spacing: 1pt"><font face="Verdana" color="#FFFFFF" size="1">Fractional Villas</font><sup><font face="Verdana" size="1" color="#FFFFFF">®</font></sup></span></b></p> 952 953 </td> 954 <td width="759" height="1" bgcolor="#FFFFFF"> 955 956<table border="0" width="99%" cellspacing="0" cellpadding="0" height="54"> 957 <tr> 958 <td width="11%" height="125" valign="bottom"></td> 959 <td width="42%" height="125" valign="middle"> 960 <p align="center"> 961<img border="0" src="http://www.fractionalvillas.com/images/Equalhousing.gif" width="72" height="76" align="left" alt="fractional ownership real estate fractional property ownership fractional real estate fractionalization fractionals shared ownership tenants in common co-ownership share ownership partner homes resort homes second homes timeshares membership shares deeded"> 962 </td> 963 <td width="76%" height="125" valign="bottom"> 964 <p align="center"> 965 <a href="http://www.fractionalvillas.com/greenownership.htm" target="_blank"><img border="0" src="http://www.fractionalvillas.com/images/Green_Ownership_Icon.jpg" align="center" alt="Fractional Ownership Real Estate is good for the environment. Green Ownership is created with co-ownership sharing the use of one property." width="150" height="122"></a></td> 966 </tr> 967 <tr> 968 <td width="129%" height="13" valign="bottom" colspan="3"></td> 969 </tr> 970 <tr> 971 <td width="129%" height="13" valign="bottom" colspan="3"> 972 <p align="center"><a href="http://www.fractionalvillas.com"><font face="Tahoma" size="2" color="#4D2C1D">Home</font></a><font face="Tahoma" size="2" color="#4D2C1D"> 973 | </font><a href="http://www.fractionalvillas.com/ownership.htm"><font face="Tahoma" size="2" color="#4D2C1D">Ownership</font></a><font face="Tahoma" size="2" color="#4D2C1D"> 974 | </font><a href="http://www.fractionalvillas.com/use.htm"><font face="Tahoma" size="2" color="#4D2C1D">Use</font></a><font face="Tahoma" size="2" color="#4D2C1D"> 975 | </font><a href="http://www.fractionalvillas.com/properties.htm"><font face="Tahoma" size="2" color="#4D2C1D">Properties</font></a><font face="Tahoma" size="2" color="#4D2C1D"> 976 | </font><a href="http://www.fractionalvillas.com/pricing.htm"><font face="Tahoma" size="2" color="#4D2C1D">Pricing</font></a><font face="Tahoma" size="2" color="#4D2C1D"> 977 | </font><a href="http://www.fractionalvillas.com/compare.htm"><font face="Tahoma" size="2" color="#4D2C1D">Compare</font></a><font face="Tahoma" size="2" color="#4D2C1D"> 978 | </font><a href="http://www.fractionalvillas.com/furnishing.htm"><font face="Tahoma" size="2" color="#4D2C1D">Furnishings</font></a><font face="Tahoma" size="2" color="#4D2C1D"> 979 | </font><a href="http://www.fractionalvillas.com/management.htm"><font face="Tahoma" size="2" color="#4D2C1D">Management</font></a><font face="Tahoma" size="2" color="#4D2C1D"> 980 | </font><a href="http://www.fractionalvillas.com/faqs.htm"><font face="Tahoma" size="2" color="#4D2C1D">FAQ's</font></a><font face="Tahoma" size="2" color="#4D2C1D"> 981 | </font><a href="http://www.fractionalvillas.com/sellers.htm"><font face="Tahoma" size="2" color="#4D2C1D">Sellers</font></a><font face="Tahoma" size="2" color="#4D2C1D"> 982 | </font><a href="http://www.fractionalvillas.com/yachts.htm"><font face="Tahoma" size="2" color="#4D2C1D">Yachts</font></a><font face="Tahoma" size="2" color="#4D2C1D"> 983 | </font><a href="http://www.fractionalvillas.com/contactus.htm"><font face="Tahoma" size="2" color="#4D2C1D">Contact</font></a></td> 984 </tr> 985</table> 986 </td> 987 </tr> 988 </center> 989 </table> 990 </div>
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