ROFR Thread April to June 2022 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[HIRyeDVC]

It's not a matter of opinion, it's a matter of fact, and you're wrong.

 

[CaptainAmerica]

View attachment 678521

Lol I was probably a little bit harsh. But I strongly dislike the genre of post that's like "I don't want X to be true, therefore it isn't and any attempt to make it true is because Disney is corrupt and evil and Bob Chapek is Satan himself," when X is plainly true on its face.

 

[HIRyeDVC]

Lol I was probably a little bit harsh. But I strongly dislike the genre of post that's like "...

 

[pianomanzano]

I've learned long ago that the ROFR thread isn't for the faint of heart haha

 

[JKS DVC]

Okay, trying again!

JKS DVC---$130-$13375-100-AKV-Jun-0/21, 100/22, 100/23, 100/24-Seller pays closing- sent 6/22

 

[achinforsomebacon]

It's not a matter of opinion, it's a matter of fact, and you're wrong.


They don't take the contract. They take the points. The contract disappears. Then when they sell the points again, a new contract is created.

I'm not saying I'm right but nothing has been posted to fully support the other claims being made. The only useful thing was Brian Noble's reference to the POS. It would be helpful if someone could post the actual language that addresses this.

Lol I was probably a little bit harsh. But I strongly dislike the genre of post that's like "I don't want X to be true, therefore it isn't and any attempt to make it true is because Disney is corrupt and evil and Bob Chapek is Satan himself," when X is plainly true on its face.

I don't know how you took it that way but that's not what I said or meant at all. And I wouldn't say this is "plainly true on its face". There's no debate that Disney is buying resale - they are buying from a third party that isn't DVD, which per their wording would result in having restrictions for RIV. Based on other comments, there must be additional language that results in no restrictions.

 

[BamaGuy44]

Disney is corrupt and evil and Bob Chapek is Satan himself,"

But all that is also a matter of fact and not opinion.

 

[Sandisw]

I'm not saying I'm right but nothing has been posted to fully support the other claims being made. The only useful thing was Brian Noble's reference to the POS. It would be helpful if someone could post the actual language that addresses this.

I don't know how you took it that way but that's not what I said or meant at all. And I wouldn't say this is "plainly true on its face". There's no debate that Disney is buying resale - they are buying from a third party that isn't DVD, which per their wording would result in having restrictions for RIV. Based on other comments, there must be additional language that results in no restrictions.

Again, they are a buyer but because we, as owners, give them the right to take the contract back for the same terms offered via a private sale. …it means the points simple revert back to them as though never purchased. There is no longer a contract as it is dissolved.

It’s not the same as resale which requires someone to buy the contract as is and it can’t be changed.

If resale contracts bought the developer had to stay as an originally contract, then it might have to follow the rules, but that’s not how it works for points taken back by DVD whether via ROfR or foreclosure.

I am sure this is also guided in someway by timeshare law which allows developers to sell the points again. It’s why DVD can aquire OKW points ending in 2042 and sell again as 2057. Or change the UY of the points because they are no longer tied to a specific contract.

ETA: It says “club members” who buy from someone other than DVD…which allows DVD to exclude themselves since they are the developer.
here is the language.

 

[dado4]

Again, they are a buyer but because we, as owners, give them the right to take the contract back for the same terms offered via a private sale. …it means the points simple revert back to them as though never purchased. There is no longer a contract as it is dissolved.

It’s not the same as resale which requires someone to buy the contract as is and it can’t be changed.

If resale contracts bought the developer had to stay as an originally contract, then it might have to follow the rules, but that’s not how it works for points taken back by DVD whether via ROfR or foreclosure.

I am sure this is also guided in someway by timeshare law which allows developers to sell the points again. It’s why DVD can aquire OKW points ending in 2042 and sell again as 2057. Or change the UY of the points because they are no longer tied to a specific contract.

Another way to put it is they aren't "buying from a third party" they are eliminating the third party. DVD is the first party, the current "owner/purchaser" is the second party, the buyer would be the third party.
Exact wording in our Direct Contract
"Before PURCHASER may resell, transfer or assign PURCHASER’s Ownership Interest to a third party, PURCHASER is required to offer it to DVD upon the same terms and conditions, including financing, as is offered by or to the third party".

Additionally DVD is the one that sets the rules and they state as much in the contract.
"DVD has reserved the right to prohibit or limit persons who do not purchase an Ownership Interest directly from DVD from participating in
other aspects of Club membership or benefits, including prohibiting or limiting access to other DVC Resorts." Meaning it is their right to set all of these rules, heck they could tell some random person who bought resale that they have a blue card if they wanted. DVD sets the rules and reserves the rights on those rules.

 

[keirabella2012]

Uh oh. Waiting on ROFR for my first contract— June. I hope I haven’t made a terrible mistake!?!?!?

I have June use year because that works best for me. As a teacher, I mostly travel the end of June, July, August and sometimes early fall during a break. I had an October use year which I sold since that didn't work for my availability to vacation. It's the BEST use year for some like myself, but maybe for others is doesn't make sense.

 

[Stargazer65]

I've learned long ago that the ROFR thread isn't for the faint of heart haha

I asked an innocent question

 

[achinforsomebacon]

In reference to "Club Members", isn't DVD a member? It's defined as "the owner of record of an Ownership Interest in a DVC Resort".

Anyway, after reading through a couple hundred pages of information, I found my answer...(sorry it's blurry - must have been a scanned copy).



CaptainAmerica - I was wrong. I'm not afraid to admit it. Sorry for the diversion in the thread. Carry on with ROFR banter!

 

[HIRyeDVC]

I have June use year because that works best for me. As a teacher, I mostly travel the end of June, July, August and sometimes early fall during a break. I had an October use year which I sold since that didn't work for my availability to vacation. It's the BEST use year for some like myself, but maybe for others is doesn't make sense.

I too love June UY. My first contract was March direct from Disney but I settled for June for my first resale contract because at the time, I couldn't be too picky for VGC. But since then, June UY has proved to be much more in line with our travel habits. Owning two UYs has proved very useful as I have now separated my Orlando and west coast contracts into two separate UYs.

 

[Chia1974]

I too love June UY. My first contract was March direct from Disney but I settled for June for my first resale contract because at the time, I couldn't be too picky for VGC. But since then, June UY has proved to be much more in line with our travel habits. Owning two UYs has proved very useful as I have now separated my Orlando and west coast contracts into two separate UYs.

For those of us who like to travel all year long, having two UY work. Two UY 6 months apart allow us to visit without jeopardizing any points.
We chose April and October then September was an unexpected unicorn Aulani subsidized.

 

[mrsap]

For those of us who like to travel all year long, having two UY work. Two UY 6 months apart allow us to visit without jeopardizing any points.
We chose April and October then September was an unexpected unicorn Aulani subsidized.

We have April & Oct. as well.

 

[Royal Consort]

I too love June UY. My first contract was March direct from Disney but I settled for June for my first resale contract because at the time, I couldn't be too picky for VGC. But since then, June UY has proved to be much more in line with our travel habits. Owning two UYs has proved very useful as I have now separated my Orlando and west coast contracts into two separate UYs.

I have 3 UY because I am a crazy person. I have 2 UY for VGC because I wanted to increase the crazy! My Feb UY is for my week long DL trip in April and my Sept UY is a cheeky small contract to break up the flight from WDW back to Oz at the end of the year.

 

[PolynesianPip]

I have June use year because that works best for me. As a teacher, I mostly travel the end of June, July, August and sometimes early fall during a break. I had an October use year which I sold since that didn't work for my availability to vacation. It's the BEST use year for some like myself, but maybe for others is doesn't make sense.

Teacher here!

 

[HIRyeDVC]

I have 3 UY because I am a crazy person. I have 2 UY for VGC because I wanted to increase the crazy! My Feb UY is for my week long DL trip in April and my Sept UY is a cheeky small contract to break up the flight from WDW back to Oz at the end of the year.

 

[Huskerpaul]

Lol I was probably a little bit harsh. Bob Chapek is Satan himself, when X is plainly true on its face.

Hey Cap - In this math problem X = Bob Chapek correct?

 

[DVCBeachBum]

For those of us who like to travel all year long, having two UY work. Two UY 6 months apart allow us to visit without jeopardizing any points.
We chose April and October then September was an unexpected unicorn Aulani subsidized.

Interesting. All I have ever heard is to avoid this but in my head, since we travel all year and can travel from a 4-5 hour driving distance I am wondering if this wouldn’t give us more flexibility