Can you do this?

[BeachMouse1]

So waiting on a resale contract to close. Papers are signed just waiting on title company and then have to wait for points to get loaded. There are some points that need to be used or they will expire (I have time it’s a February use year) but seeing availability slipping away on some dates we are looking at. If I booked a reservation and borrowed points with one of my existing contracts would I be able to swap out the points I used when I get my new contract closed? In other words book with borrowed points from existing contract get the new points and call member services and ask them to put borrowed points back and use the new contract points for that reservation ? I’m thinking not but thought I would ask

 

[_auroraborealis_]

Borrowing is a permanent transaction. It would be massive pixie dust to have them unborroqed and you should not rely on it as a plan.

 

[LadybugsMum]

Borrowing is a final transaction; so those points would be permanently moved to the 2023 UY.

 

[BeachMouse1]

Borrowing is a final transaction; so those points would be permanently moved to the 2023 UY.

Ok thank you! So glad for these boards!

 

[lilsonicfan]

If papers were just signed, I feel it's still at least a month, most likely closer to two months, for you to get access to those points. Maybe only about a month if what you meant is that you just signed the paperwork to close, not the paperwork to send the contract to ROFR. That said, could you bank those points into the 2024 UY when you get them? If so, then borrowing into your 2023 UY from another contract might have the same effect.

 

[CarolMN]

If papers were just signed, I feel it's still at least a month, most likely closer to two months, for you to get access to those points. Maybe only about a month if what you meant is that you just signed the paperwork to close, not the paperwork to send the contract to ROFR. That said, could you bank those points into the 2024 UY when you get them? If so, then borrowing into your 2023 UY from another contract might have the same effect.

That would work if the expiring points are from the 2023 use year. (Banking deadline for a February use year is September). However, my guess is that they were banked from 2022 and thus cannot be banked again.