My husband and I are looking to purchase our first DVC contract. We put in an offer for one for SSR 50 points $60/point August UY with no MF due till 2014 since there are no points available until then seller pays closing, buyer pays the administrative fee ($195 through fidelity). After this the broker told me that this contract is a bankruptcy case and it may take a little longer to close on. Seller accepted our offer (which I was surprised at since I asked for them to pay closing cost) but I am now having a little bit of doubt if this was a good deal and how long closing may take as we were thinking about going in September and I was going to borrow the points from the 2014 UY. I questioned the broker again about how long and she said she don't think it will be too much longer than a normal closing. Since it is a stripped contract I though maybe it would pass ROFR a little easier as well. Thoughts from some experienced DVC owners? Is this a good deal? Anyone dealt with a bankruptcy contract purchase before and how long did it take? I got to give the broker an answer tomorrow on whether to proceed or not on this. Thanks in advance!