? on borrowed points and selling a contract

Discussion in 'Purchasing DVC' started by yasuern, Feb 21, 2003.

  1. yasuern

    yasuern <a href="http://www.wdwinfo.com/dis-sponsor/" targ

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    If you are going to sell a contract but have borrowed points to obtain future ressies(buyers are aware of depleted point status) Do those ressies stay inplace in your name or do they go to the new owners name?

    as always any and all info is appreciated:D
     
  2. Doctor P

    Doctor P <font color=navy><font color=navy>Chocolate covere

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    As I understand it, any reservations in place on a contract that is sold are cancelled. The appropriate cancellation periods and policies then apply.
     
  3. Caskbill

    Caskbill <font color="blue">DVC-Operations<br>DVC-Planning< Moderator

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    If you sell a contrat, then all reservations outstanding on that contract are automatically cancelled.

    I'm not sure where the borrowed points then go, back into the year they were borrowed into, or back into their original year.

    Perhaps someone here know the answer to that.
     
  4. CarolMN

    CarolMN DVC Co-Moderator Moderator

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    I'm quite sure that the borrowed points would return to the current use year. Points once borrowed cannot be returned to their original use year. Doubt Disney cares that the contract is being sold - IMHO, that is not a good reason to make an exception to the rule.
     
  5. yasuern

    yasuern <a href="http://www.wdwinfo.com/dis-sponsor/" targ

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    got my answer - thanks!
    Ressie gets cancelled - so we have opted not to sell (was a family thing no outside parties wil be hurt) - but we are still going to look for an OKW resale - DH says "we are never going to sell our points - just going to keep buying them" I think he may be right -


    Hello my name is Sue and I am a DVC pointaholic!;)
     

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