ROFR Thread July to Sept 2024 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

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Right, it was a great deal before the banked points.!!
I had no idea there were points from '23. And it's a good thing because we just set up our account yesterday and points were loaded this morning. It was hard enough to wait for that. If I had known there were full points that were going to expire at the end of the month, I would've been beside myself. It was the best surprise!!!
 

tarheellovesdisney---$110-$13510-109-BWV-Aug-0/23, 218/24, 109/25, 109/26- sent 5/31, passed 6/19

I am reposting because I found out today we had full points for UY '23. I called MS to confirm and they kindly banked them into UY '24 for me!! I was ecstatic!! It makes our contract a better deal and now we have 109 points free to use
Your getting pixie dusted already! I think it is amazing that MS would bank last years points, and was this after the deadline? What great service from the Mouse. Does this happen often when resale contracts or is it more of a case by case basis?
 
Your getting pixie dusted already! I think it is amazing that MS would bank last years points, and was this after the deadline? What great service from the Mouse. Does this happen often when resale contracts or is it more of a case by case basis?
We have an August UY. Our banking deadline is by Apr 1. When we purchased the contract it was listed as 0 points in UY'23. We are new members, this is our first (of two) contracts. I think MS realizes I couldn't have done anything and makes an exception to bank the points. It was definitely a surprise!
 
Your getting pixie dusted already! I think it is amazing that MS would bank last years points, and was this after the deadline? What great service from the Mouse. Does this happen often when resale contracts or is it more of a case by case basis?
I purchased a CCV contract last summer that was listed as stripped. When the points loaded two weeks before our UY, we had almost two years of points that were about to expire (surprise!). I made my first call to MS just to ask what my options were for these points - I didn't even think to ask for a one-time exception to extend the banking deadline. The amazing cast member offered to bank a full year of points, a few days before the new UY.

We were able to donate and rent some of the points that were expiring almost immediately, and we built a trip to Hawaii and AUL out of the pixied year of points this summer. We were/are so grateful.
 
**UPDATE**

ciaoaloha31---$177-$9928-50-VGF-Feb-0/23, 0/24, 50/25-delayed closing- sent 7/1, passed 7/24



Now I really need to stop looking at more contracts......for now :rotfl:
Congrats! I am happy that they seem to be in July now. Ours was sent 7/7 and I am hoping because of July 4th people might not have been buying as much, so they get to the 7th quickly lol.
 
Congrats!!

Im sure you've seen my complaining but just in case you haven't if you want a quicker close do not use TRCS, they are currently doing my VGC and I am 57 days in and still not closed, I didn't have a slow ROFR or a slow seller.
This is fascinating and sad to me. I closed two VGC contracts through TRCS in the last month and got from ROFR returned to closed/recorded in about a week. Currently waiting on Disney.
 
This is fascinating and sad to me. I closed two VGC contracts through TRCS in the last month and got from ROFR returned to closed/recorded in about a week. Currently waiting on Disney.
Started this process 05/28. Maybe she singled me out and is moving slow on purpose. Her attitude towards me actually makes me think it’s a possibility.
 
Could you two (or anyone) help me understand title insurance? 😬 I will *hopefully* close next month on the BLT contract I posted a week ago. DVC Title & Escrow Is handling the closing. I honestly thought I had handled and knew all of my costs. Eek…what other costs will pop up at closing? I am pretty confident my seller purchased direct from Disney.
DVC TE Is automatic must have title insurance.
 
DVC T&E will not close a contract without requiring the buyer to pay Title Insurance. They are the same as most title companies. It’s a revenue generator for them so it’s hard to point any fault to them, however you can close with other companies who outsource the title insurance and allow it as an option and it is NOT mandatory. These companies (that I am aware of) are TRCS Inc. and LT Transfers. I’ve not used LT Transfers but have heard they are great too. TRCS Inc has been amazing and if you see my prior posts you will see I am very hard/critical on Title companies.

When a contract is purchased directly from Disney there is little to almost no risk of a title issue being a problem. DVC sells the contact with free and marketable title. When that seller (the one who bought direct) sells the contract, Disney will issue estoppel certificate which will ensure there are no dues or outstanding liens on the contract. Based on this, if there were any title issues, they’d be identified prior to closing and estoppel would NOT be issued so you are protected as the buyer, thus making title insurance of no value to you. HOWEVER if the seller (who bought direct), sold it to a buyer and that buyer subsequently sells it again, there is a heightened risk of title issues being present. In this scenario I always purchase title insurance.

It’s a personal preference based on your risk appetite. You will hear many say “better safe than sorry” which can be true, again it’s a personal preference but if you talk to the Brokers, and those who are very familiar with DVC, they will all tell you it has no value when buying direct, or when buying from a seller who bought direct.

Your broker can easily pull the deed for you to determine if it was bought direct. You can also pull it from comptroller website once you have the seller’s names.

Hope this helps! And good luck with BLT purchase.
I 100% agree with Jimmy's summary on this topic. I just advised a friend on this, they are buying an Aulani contract that there is no rush as no expiring points anytime soon, the seller bought direct from Disney, no brainer use TRCS and save yourself the money. On the if buying from folks that already resale, that is to each their own. I dont buy the additional insurance, when I rent a car. I dont buy the insurance when I book a vacation. I do have homeowners and car insurance since that is required by the banks that are holding the loans. Disney checks all the dues, so I feel pretty good that there are no issures.. If the contract you are buying is on loan with Monera/Vacation Club even better, they are checking everything as well, but even if your seller bought the contract cash in order for a company to have claim/lien, they're gonna have to have the notarized paperwork filed. You can easily check yourself: https://or.occompt.com/recorder/eagleweb/docSearch.jsp
 
You’re getting pixie dusted already! I think it is amazing that MS would bank last years points, and was this after the deadline? What great service from the Mouse. Does this happen often when resale contracts or is it more of a case by case basis?
Every pending buyer just sent an email titled 2023 points—lol.
 
Ugh, day 6 since they had the money and papers all returned, still waiting on closing.
 
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