DVC RESALES
DVC RESALES

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Old 06-30-2013, 05:55 PM   #31
vicki_c
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I think I would avoid those "can't close til" resales if I was buying. I could see the owners deciding they needed to sell, but they're going to take that last trip they have booked already. Get to Disney, sniff some pixie dust, oh, it's all wonderful, let's not sell. Back out. 6 months later after the pixie dust-induced euphoria wears off, I wouldn't be surprised to see the same contract back on the market.
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Old 06-30-2013, 06:09 PM   #32
JimMIA
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Originally Posted by e46m3 View Post
Only with Disney timeshares do you see a seller back out of a sale. Lol
You're probably right, but maybe not for the reason many people think.

I would guess that most of the people who back out of a DVC sale do so because they have finally faced the financial facts of their bad decisions, and have been forced to admit that they just can't do it. Not they don't want to do it; they can't close for financial reasons.

Many of these failures are not caused by owners going for one last trip and concluding that they just can't give this up. They are caused by the owner's willful ignorance, or by the broker keeping the numbers from them. These folks could never afford DVC, are underwater on their loans, and simply CANNOT close because they cannot pay IN to close.

So they have to keep their DVC contract until they either work their way out...or are foreclosed.
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Old 06-30-2013, 10:11 PM   #33
iluvthsgam
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Unless one is willing to go to the length of actually going to court, I don't see the point. The brokers have much more info, a better infrastructure and actually more to gain and they don't see the reasonableness of pursuing this. All you really could do would be to force them to sell anyway or get a judgement. If you get a judgement, you've got to go for the additional steps of enforcing it/collecting. I wonder if anyone who went this route and then the seller said "OK I'll sell" would then handle it and how the courts would perceive such a situation.
Dean you are right. I can't argue with any of your points. I said it myself, it probably would not even be worth my time (in fact I know it wouldn't) but I would do it anyway out of principle - but that is because it wouldn't cost me anything but my time. At the end of the day you are likely not going to get anywhere, but you never know - sometimes people get real scared when they see a legal letter from a lawyer and aren't familiar with their options. And because it really doesn't cost much to try to push it - that chance of you never know is what I would be going for. Just my .02.
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Old 07-01-2013, 03:48 AM   #34
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Dean you are right. I can't argue with any of your points. I said it myself, it probably would not even be worth my time (in fact I know it wouldn't) but I would do it anyway out of principle - but that is because it wouldn't cost me anything but my time. At the end of the day you are likely not going to get anywhere, but you never know - sometimes people get real scared when they see a legal letter from a lawyer and aren't familiar with their options. And because it really doesn't cost much to try to push it - that chance of you never know is what I would be going for. Just my .02.
I guess part of my issue is I don't really see the point/principle. It's not like they reneged to sell to someone else, they decided not to sell at all. And it's not like it's an irreplaceable option, there are many other contracts out there. So lets say you do go to court on this on principle, what are your losses other than costs to pursue? basically none other than a little time as I see it. I doubt a judge would award judgement in such a situation and I can only imagine what a judge might say to a lawyer who went so far as to go to court over something like this.
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