Anyone bought DVC from a Bankrupcy Sale?

Discussion in 'Purchasing DVC' started by twinsouvenirs, Jun 22, 2013.

  1. twinsouvenirs

    twinsouvenirs Mother of Dragons :)

    Joined:
    Jun 22, 2013
    Messages:
    1,140
    I just found 230 at OKW for $8910k on ebay and was wondering if anyone has ever tried a purchase like that? Obviously high likelihood of ROFR.
     
  2. Avatar

    DIS Sponsor The Official Ticket Center is Orlando’s #1 discount attraction ticket agency, selling millions of Walt Disney tickets around the world.



    to hide this adverts.
  3. Daisyduck49

    Daisyduck49 Mouseketeer

    Joined:
    Jul 12, 2012
    Messages:
    111
    We are in a similar situation. Curious to see what others have heard.
     
  4. DreamChasers

    DreamChasers Mouseketeer

    Joined:
    Apr 26, 2012
    Messages:
    85
    I purchased an Animal Kingdom resale that was through a bankruptcy trustee. I bankruptcy trustee didn’t know anything about DVC and I don’t know if member services would allow them to do anything, since they were not the owners, so it made it difficult when I asked them to bank points. I went through sellmytimesharenow.com for the purchase and when I bought they were very positive and told me what I wanted to hear, but in the end they were not very helpful. That said I got a great deal on the contract and I would do it again in a second.

    As for the ROFR I had two things going for me. The first one was that DVC still is actively selling Animal kingdom and they probably didn’t want to buy back points and have to hold onto them for an undetermined amount of time. The second was the new guy wasn’t in yet and ROFR wasn’t being invoked nearly as often. Still I wish you luck.

    My biggest concern in your situation is ebay. I have heard that people have paid for memberships on ebay and never received anything. I have never rented or bought DVC on ebay, so it may just be rumors I have heard, but I would want a little more security. I hope others will post with ebay experiences.
     
  5. goneviral

    goneviral Earning My Ears

    Joined:
    May 14, 2013
    Messages:
    51
    I had that item on my watchlist and also monitored a similar one for Hilton Head. In googling around, I found several comments that ROFR was less of an issue than expected. I have noticed a few ultra-cheap listings have been mentioned in the purchase monitoring threads on this board. The reason why I stayed out of both auctions is that the people handling the listing do not have a good idea about the points situation. They can only go by what they are told by the previous owner and Disney. It seemed like a messy situation on the Hilton Head one and the Old Key West listing has so much in maintenance fees that I no longer consider it a good buy given the risk involved.
     
  6. twinsouvenirs

    twinsouvenirs Mother of Dragons :)

    Joined:
    Jun 22, 2013
    Messages:
    1,140
    I agree. Plus OKW is not on my target list (GCF, BWV, and SSR). It looked like a lot of issues.

    But heck, I'll keep an eye out for others.
     
  7. pmaurer74

    pmaurer74 DIS Veteran

    Joined:
    Apr 29, 2010
    Messages:
    1,819
    When I asked about it a few months ago I was told to go nowhere near it since it was not a guaranteed EBAY item. There was another one up today but for too many points than I need.
     

Share This Page