No contracts taken via ROFR in February 2023 from DVC Resale Market

[sethschroeder]

Disney did not take a single contract back in February.

EDIT: Specific to this resales company

https://www.dvcresalemarket.com/blo...q43oEkOyTJNfCYuUplZ0S7S49u-s3OZ-lksABimCVHxzA

 

[Sandisw]

For this broker…someone has reviewEd the OCC site and found a few that have but it’s definitely pretty non existent.

 

[tom1944]

For this broker…someone has reviewEd the OCC site and found a few that have but it’s definitely pretty non existent.

There were 75 contracts that Disney Vacation Development took last month.

40 of those looked to be ROFR

35 looked to be foreclosures.

I cut and pasted the 40 is it okay to post those?

 

[Epcot Forever Forever]

There were 75 contracts that Disney Vacation Development took last month.

40 of those looked to be ROFR

35 looked to be foreclosures.

I cut and pasted the 40 is it okay to post those?

The timeline of last month is different between the DVCRM post and the OC database, which is probably 4-8 weeks behind the actual notifications to the brokers that Disney is taking a contract.

 

[Sandisw]

There were 75 contracts that Disney Vacation Development took last month.

40 of those looked to be ROFR

35 looked to be foreclosures.

I cut and pasted the 40 is it okay to post those?

Data gathered from OCC can be shared since that website is allowed. Post both.

 

[Sandisw]

The timeline of last month is different between the DVCRM post and the OC database, which is probably 4-8 weeks behind the actual notifications to the brokers that Disney is taking a contract.

True but it’s still important for others to know that the info DVCRM posts only pertains to them and not all sales.

 

[RoseGold]

That's interesting. Quite a few people in there are timeshare professionals. Couple of those foreclosures recently died, maybe Disney foreclosed because no one probated it. Wow.

 

[tom1944]

That's interesting. Quite a few people in there are timeshare professionals. Couple of those foreclosures recently died, maybe Disney foreclosed because no one probated it. Wow.

There are a lot of nuance to these that I do not completely understand. It might be specific to Disney.

Not only as mentioned above is that there is a lag time to the data but some of the transactions have me bewildered.

Would Disney agree to take back a contract at a set price if someone approaches them without putting it up for sale first? There is a Bay Lake contract that Disney paid the grantor $175 a point.

I get a kick out of looking at these because it is so easy now. Back in the 80's I used to do these types of searches at the Hall of Records in big dusty books with scores of other people moving a hundred miles an hour going through various records for title companies. I worked for a Tax agency, and we would search liens and UCC's before we seized a business for not paying taxes.

 

[Epcot Forever Forever]

The other giveaway to these being foreclosures is that they are nearly all Polynesian, Copper Creek, and Riviera, the three that were most recently in active sales.

 

[sethschroeder]

Anything taken back via records in February is likely going to be January actually. Good point though that its only this specific company.

Still in the end fairly telling and we can't get much more information until next month about this past month.

 

[Epcot Forever Forever]

There were 75 contracts that Disney Vacation Development took last month.

40 of those looked to be ROFR

35 looked to be foreclosures.

I cut and pasted the 40 is it okay to post those?

My post that quoted the since-deleted post also got deleted, so the allowable summary is that I think of that 40, probably 35ish were foreclosures or some other distressed situation. It did seem a few were ROFRs though.