DVC T &C Personal Use - Only Thread to Discuss.

[Brianstl]

Is there a good tool to use to convert a percentage of ownership in an individual unit into a point total?

 

[Sandisw]

Is there a good tool to use to convert a percentage of ownership in an individual unit into a point total?

Not really because it is completely dependent on what is part of each unit and they differ by resort and even within resort.

For example, at BPK…they declared the 202 resort studios in two units…101 in each, Unit 11 and Unit 12.

So, the % of ownership would be based on that and total points for those rooms. There is no standard way. But, you’d have to try to find each of the filed documents for the declarations on the comptroller site, assuming you are talking WDW.

Once you find what you are looking for you can go from there, but you’d still have to be able to know point totals.

If one has actual points, you can look at the deed, find the %, and unit and then figured point totals for that unit.

But it wouldn’t tell you how many contracts were sold attached to it since contracts are all different sizes.

 

[mkatsy]

I am pretty sure regardless of what state the court foreclosure auction is in, that you don't pay any additional interest. Your winning bid covers all the interest in fees for the property in the auction.

oh its quite possible, I know very little about this process.

 

[Brianstl]

Not really because it is completely dependent on what is part of each unit and they differ by resort and even within resort.

For example, at BPK…they declared the 202 resort studios in two units…101 in each, Unit 11 and Unit 12.

So, the % of ownership would be based on that. There is no standard way. But, you’d have to try to find each of the filled document for the declarations on the comptroller site, assuming you are talking WDW.

Once you find what you are looking for you can go from there.

I am just trying not to figure out how many points these contracts are that Palm Financial (Disney) has foreclosed on are.

 

[mkatsy]

I am just trying not to figure out how many points these contracts are that Palm Financial (Disney) has foreclosed on are.

If you’re looking for the points, the only way I have found is to type the name of the default owner into the comptroller and open up the original deed.

 

[Sandisw]

I am just trying not to figure out how many points these contracts are that Palm Financial (Disney) has foreclosed on are.

There is some way to figure points out by deed tax when I contract is sold and maybe it has that.

But it’s not something that I ever look at. Others might be able to help.

 

[Cyberc1978]

I looked up one of the major players LLC on the comptrollers website, and jesus there was many transactions.

Its a nice little side hustle they have going and I certainly understand why Disney would want to stop them and other LLC'

I think if only the LLC' hadn't done this in such a large scale, then Disney might not have cared. But the LLC' got greedy and here we are.

 

[VGCgroupie]

"Deed Doc Tax" is at a rate of $0.70 per $100 = 0.70%. So you can take the Deed Doc Tax amount and divide by 0.70% to calculate the purchase price. Not sure how to figure out total points off the deed tax though