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    Buying DVC Foreclosures? Current Listings going to auction in March 2019

    I'm not sure what you are asking, but I think that if someone stops paying their MF, they will also stop paying their mortgage, so it's very unlikely that a foreclosure would occur on the MF instead of the mortgage. If that scenario were to occur, then, as I understand the law, the proceeds are...
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    Buying DVC Foreclosures? Current Listings going to auction in March 2019

    You are right. I was looking at the wrong deed. The actual amount here is 243 points, so the bidding actually closed at $83/pp. However, the mortgage was assigned to Palm Financial in 2017, so I would assume that MF are owed for at least two years, and at approximately $8/pp, that totals $3,888...
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    Buying DVC Foreclosures? Current Listings going to auction in March 2019

    Case Number: 2018-CA-006824-O (ct V) just closed today at $20,100.00 for 100 points, and that's purchasing blind without knowing the MF owing or the number of points available. I don't know what it going on, but it is impossible for anyone to get any benefit by purchasing these points at $201/pp...
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    Buying foreclosure- what does .2672% of unit 107B mean?

    But as far as the auction is concerned, you only had to pay the winning bid and not the outstanding judgment, correct?
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    Buying DVC Foreclosures? Current Listings going to auction in March 2019

    So then why does the Clerk's office even mention what the final judgment is? Does it make a difference to the winner in any way? And I don't understand your second point. Of course the lien holder wants to proceeds of the sale to be high enough to cover their judgment, but how does it help if...
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    Buying DVC Foreclosures? Current Listings going to auction in March 2019

    And this is a basic question, but is the winner responsible only for the winning bid, or also to satisfy the outstanding final judgment?
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    Buying DVC Foreclosures? Current Listings going to auction in March 2019

    @miTnosnhoJ I would think that the transfer would be considered a sale so the purchaser would be subject to all restrictions at the time of sale. @crvetter The relevant section from the County Clerk's website states: "Does the foreclosure or tax deed sale erase all other liens on the...
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    Buying DVC Foreclosures? Current Listings going to auction in March 2019

    Crazy part of all this is that these foreclosures still sell at a premium to the resale market for some reason.
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    Buying DVC Foreclosures? Current Listings going to auction in March 2019

    Is that law unique to Orange County or timeshares? Because I know that in most other jurisdictions, a foreclosure of a loan will extinguish any subordinate loans.
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    Buying DVC Foreclosures? Current Listings going to auction in March 2019

    If the foreclosure is on the mortgage, wouldn't any junior mortgages be extinguished by the foreclosure auction? In such a case, I would assume that the only possible remaining liens are the MFs. As I understand, taxes are paid through the MF, so that shouldn't be a concern.
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    Buying DVC Foreclosures? Current Listings going to auction in March 2019

    @crvetter Thanks for that. I see the principal (and other referenced to a loan), but how do you check the MF?
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    Buying DVC Foreclosures? Current Listings going to auction in March 2019

    It looks like on all of these auctions (at least the ones which I've checked), the Plaintiff is always Palm Financial, so we know that it is Disney. But how can we tell if the foreclosure is based on a mortgage or a MF? For example, Case Number: 2018-CA-006556-O (Count VI), which is scheduled...
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    Buying DVC Foreclosures? Current Listings going to auction in March 2019

    I've been doing some quick math on the auctions which were won by a third party (i.e: not Disney), and it seems that they are always at least 15% over the resale market. What's the logic behind this? I find it hard to believe that it's simple foolishness, considering that these buyers are all...
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    Does UY really matter?

    From what I understand, the start of the UY doesn't affect the ability to make reservations 11 months out at the home resort? For example, if someone liked to travel in January, it makes no difference whether the UY begins in Dec, Jan, or Feb for booking purposes. However, if the UY year...


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