You are probably right that stripped deeds are not attractive to DVD. However, I can think of two scenarios where a deed, even if it is stripped, is still attractive to DVD. One scenario involves Vero Beach or Aulani deeds that have subsidized maintenance fees. In 2013 alone, DVD is responsible for subsidizing $1.61 per point and $1.55 per point on VB deeds and Aulani deeds, respectively, that qualify for the subsidies. Since DVD may continue to subsidize these deeds for the life of the resorts, it makes financial sense for it to ROFR these deeds whenever possible.
The second scenario is a little more convoluted and may not actually come into play that often. By regulation, DVD must retain ownership of 2% of each resort, which is represented by the total number of points allotted to a resort. A deed that is stripped of current year points still counts toward that 2% requirement. DVD could ROFR a stripped deed just so it has an excess of points above the 2% requirement. Then, it can sell the excess points that it already owned, assuming those excess points have current year points.
My year long waitlist came through right when current year points would be available on a stripped contract. I have a March use year and lo and behold guidle called me March 2nd with contract..so they may have had that contract, stripped, and just didn't sale until points were available. Of course that could have been a contract taken back for non payment, but if they have a waiting list they are pretty sure they can sell those contracts as soon as current year points kick in.
Hopefully hear something soon
