2042 and Extensions

[Bearval]

It doesn't have to be an original buyer to cause issues for Disney. It would have to be a buyer before the extension rolled out. By that point, a lot of contracts had changed hands, one way or another.

The old threads on this were fascinating. One of them said Disney would just have to take whatever the extension amount was, or maybe that Disney can't force it at all? Seems like quitclaim is the best case scenario for Disney. I don't see how they can force any kind of new association

There are a lot of assumptions there.

I will be VERY surprised if Disney does not find a way to enforce their idea of “pay up or lose access at 2024” for original owners who’ve not either extended or signed. This is not the Mouse’s first legal rodeo, and they have time on their side.

What I think it will come down to is dependent on how many of those 2042 contracts still exist in 2042. There are 19 years to go until 2042 hits and it has already been 15 years or so since the extension. 34 years or so is a very long time for someone to hold on to a timeshare, I saw it posted once that the average was ~ 12 years for DVC. I believe DVC will do nothing, they will not send those owners a 2043 MF dues notice nor will they accept payment if they try and send it in and they will close their access to the DVC portal so they can no longer book a room. If the number of owners is small ( too small for a class action lawsuit), the owners will have to sue individually for something they were never entitled to when they made their purchase. I personally wouldn't want to take a chance on paying a lawyer for something I believe I will lose. And yes time is on Disney's side.

 

[RoseGold]

There are a lot of assumptions there.

I will be VERY surprised if Disney does not find a way to enforce their idea of “pay up or lose access at 2024” for original owners who’ve not either extended or signed. This is not the Mouse’s first legal rodeo, and they have time on their side.

Rewind the tape. Disney was very aggressive in getting quitclaims, and there were plenty of lawyers on the owner side at the time. Disney backed off their position and stopped. Not often the mouse backs off. Maybe they decided they didn't need the quitclaim to kick them out? Maybe they realized they were wrong? But yes, maybe time will fix most of this, and they'll make a decision when they see how many are left.

 

[Bearval]

Rewind the tape. Disney was very aggressive in getting quitclaims, and there were plenty of lawyers on the owner side at the time. Disney backed off their position and stopped. Not often the mouse backs off. Maybe they decided they didn't need the quitclaim to kick them out? Maybe they realized they were wrong? But yes, maybe time will fix most of this, and they'll make a decision when they see how many are left.

One reason they may have stopped is why fight that battle today when you do not have to until 2042. The battle will be against an much smaller number of people.

 

[Sandisw]

I think they will do nothing. 19 years is a long time to go and it has already been ~15 years since the extension has been offered. If I understand correctly if you sell you are required to sign the quit claim deed. The only way around this is for the deed to be transferred to a family member and then it is only good to them until 2057 if they keep it since they cannot sell it past 2042. My question is what happens to the contract if the owner decides in 2053 they don't want it any more and DVC decides they no longer will accept a quit claim. Will they will be on the hook for maintenance fees just like any other timeshare that cannot be sold? There will most likely be very few of the 2042 contracts left in 19 years.

Once we hit 2042, we will know how they are going to handle the situation. There is some lawsuit that happened regarding MFs in terms of owners And how some will be handled.

So, at that point I think people will know the process but there would be no need for any quit claim at that point because contracts a
expired in 2042 or end in 2057….nothing in between.