Points expiration

[paule350]

Hey all
I am purchasing a resale with points from 2020 but with a August use year. I am closing this week. I am guessing that these will be lost and can't be used at all? Can anyone tell me if I have any options at all? Maybe call and ask if I can bank?

Thank you

 

[CarolMN]

There are no options to save the 2020 points. They expire on July 31, and you will not even have access to them by then. Sorry.

 

[paule350]

Ya I think sellers are taking there time knowing this.. been almost 2 weeks since closing docs were sent. Mine were delivered same day. They still haven't.

 

[PsycProfPlum]

Ya I think sellers are taking there time knowing this.. been almost 2 weeks since closing docs were sent. Mine were delivered same day. They still haven't.

That's enormously frustrating. There is another thread on here about sellers dragging their feet signing the closing documents. Mine are currently going into the second week in waiting to click through the DocuSign paperwork. Sigh.

 

[paule350]

wish I could just back out just because they are doing this

 

[vicarrieous]

Ya I think sellers are taking there time knowing this.. been almost 2 weeks since closing docs were sent. Mine were delivered same day. They still haven't.

Bummer. In reality, it would have been tight anyway. It takes a good 2-4 weeks from closing to get your account and points loaded and availability is really tight/gone for the rest of July. Unfortunately those points would have had to be used/trip before by July 31st, 2020 and the banking window was passed. MS generally doesn't help in these scenarios especially with resale.

Still stinks to see points go unused.

 

[FSUSammy]

wish I could just back out just because they are doing this

Even if they turned things back fast enough you wouldn't have been able to use those points because it takes time for DVC to load points plus they are closed right now anyways.

 

[Sandisw]

Hey all
I am purchasing a resale with points from 2020 but with a August use year. I am closing this week. I am guessing that these will be lost and can't be used at all? Can anyone tell me if I have any options at all? Maybe call and ask if I can bank?

Thank you

Banking for those points was back at end of March so it’s too bad that it wasn’t explained to you those would be lost, especially if the closing date on your contract was listed after August 1st.

However, even had it closed quickly it takes at least a few weeks to get access as a typical timeframe.

Being that is the 19th and that Disney suspended this process with the IT upgrades and maintenance, it’s unlikely you’d have had much time.

 

[wnielsen1]

Seems completely odd that those points would not have been banked to begin with given that the deadline to bank was 3/31 and the contract would have been more appealing. Unless we are talking about 2019 UY points that were already banked to 2020.

 

[Paul Stupin]

Hey all
I am purchasing a resale with points from 2020 but with a August use year. I am closing this week. I am guessing that these will be lost and can't be used at all? Can anyone tell me if I have any options at all? Maybe call and ask if I can bank?

Thank you

This might be a long shot, but I think it would be worth having your broker call the seller, and request that they call member services, explain the situation, and ask that the points be late banked. I did this for a contract I bought that closed in December for a March UY, banking deadline 10/31. The call was made in early December and the points were banked.

 

[sndral]

Hey all
I am purchasing a resale with points from 2020 but with a August use year. I am closing this week. I am guessing that these will be lost and can't be used at all? Can anyone tell me if I have any options at all? Maybe call and ask if I can bank?

Thank you

Seems completely odd that those points would not have been banked to begin with given that the deadline to bank was 3/31 and the contract would have been more appealing. Unless we are talking about 2019 UY points that were already banked to 2020.

The first resale I bought had a years worth of points that I ’lost’ because we didn’t close fast enough. Even if the sellers had returned the documents right away (they didn’t) I’m not sure I could have used them due to lack of availability.
There are a number of scenarios where owners may not bank points on time. They may have run into financial or other hardship after the banking deadline, or maybe haven’t been using their points & finally decided to sell after the banking deadline. In my case the sellers were divorcing so I guess getting the DVC points banked on time wasn‘t a priority for them, plus since I made my offer after the banking deadline I knew the current year points couldn’t be banked.
I factored the likelihood I’d lose those points into my offer & of course didn’t pay MFs for them.

 

[benedib99]

Hey all
I am purchasing a resale with points from 2020 but with a August use year. I am closing this week. I am guessing that these will be lost and can't be used at all? Can anyone tell me if I have any options at all? Maybe call and ask if I can bank?

Thank you

I'm in the exact same boat, but I planned all along that I would NOT be able to use my August 2020 points. The frustrating part is that my contract passed ROFR on JUNE 9TH but the seller only notarized their documents July 15th.

Close is now slated for 7/29 (and no 2020 points!)