Spring Direct Incentives 2/9-4/27

[Tatebeck]

I have like 10 pages or more to catch up on. I may have popped in here last night. I gotta find my posts, I may have had 1 too many cursed pirates at Villians Lair last night. Need to make sure I didn’t say anything crazy like buy SSR direct.

You did. I think you said something about loving the sprawling, laid back, FL condo feel and that the bus loop was simply the most efficient form of Disney transportation you’d ever seen. Oh, and I think you thought it was some of the most unique Disney theming on property - I mean, who doesn’t think about upstate NY and horse racing when they’re in Florida?

Yep, I remember seeing that.

I think I saw you say something about it being lovely in the rain as well

 

[Girlstar30]

You told me to buy @VGCgroupie

You said it was the best bang for my buck, an unusual sale, and that 28 years is a long time
 
I took your advice and switched

 

[VGCgroupie]

You did. I think you said something about loving the sprawling, laid back, FL condo feel and that the bus loop was simply the most efficient form of Disney transportation you’d ever seen. Oh, and I think you thought it was some of the most unique Disney theming on property - I mean, who doesn’t think about upstate NY and horse racing when they’re in Florida?

Yep, I remember seeing that.

I think I saw you say something about it being lovely in the rain as well

Spent $100 just on my drinks alone. To say that I may have needed to spend $300 at least.

 

[VGCgroupie]

You told me to buy @VGCgroupie

You said it was the best bang for my buck, an unusual sale, and that 28 years is a long time
 
I took your advice and switched

Please tell me that this is an early April fools

 

[juliebee]

I have like 10 pages or more to catch up on. I may have popped in here last night. I gotta find my posts, I may have had 1 too many cursed pirates at Villians Lair last night. Need to make sure I didn’t say anything crazy like buy SSR direct.

hmmm... you like totally gave it your seal of approval to buy SSR direct.

 

[VGCgroupie]

hmmm... you like totally gave it your seal of approval to buy SSR direct.

View attachment 1047221

This is the best

 

[eticketplease]

Sorry for the silly question, but what is exactly the purpose of title insurance?

It's basically to protect you if there is an issue such as unpaid dues or legal claim against the property.

You don't really need it when buying direct as Disney is paying their dues (or at least in general ledger they are) and they are not suing themselves about an issue with the property.

It is a good idea to get it though if purchasing resale as there could be something there that the previous owner isn't disclosing. Usually it's not an issue but I wouldn't want to take a chance when buying from a 3rd party.

 

[Girlstar30]

Officially going with 200 VDH points woo woo. Did the 75 75 50 split to keep blue card benefits in case of offloading one, thank you @juliebee

Decided to pay the $100 more for the Mary Blair inspired artwork and go with the new incentives, what can I say im a sucker for Disney and it is hanging on the wall at VDH, I think its a great first direct home resort gift!

With that being said, I think it is Joey Chou because its physically at VDH. I liked this artist before he did the DVC artwork. They wouldnt show me a picture, but they said I could see it the there. They valued it at $350. Im thinking at least $100 either way because it is framed.

Foregoing MB, I want those points! Also asked to waive the title insurance to help offset the cost of one of these splits!

 

[Genie+]

Sorry for the silly question, but what is exactly the purpose of title insurance?

My basic understanding is the 2 main purposes/protections:

A) Check there are no liens or issues from the previous owner - that the title is ‘free and clear’. If they don’t find anything after digging around, they’ll insure you to protect from such issues. Knowing they could get left holding the bag means they are motivated to do their due diligence.

B) Make sure the title is correct - what exactly you are buying, who is buying, how, etc. It’s their responsibility to make sure everything is right because if it is not, they are on the hook for costs to fix it as long as the error was not yours.

We had a property that was sold to my family without knowledge of a public easement. The title insurance paid out quite a large sum compared to what the policy cost. They had to cover the difference in appraisal value before and after, which was about 30% of the purchase price. I’m not sure how they missed it? This is part of what they’re getting paid to do. To stay in business they must not get this kind of stuff wrong often.

With DVC direct though, I’m thinking in order for my contract to end up with some big headache down the line, I took the gamble that it would not just impact me individually. Which means I’d likely not be going the fight alone. I own VGF direct - in 2025 Florida valued the DVC portion over $1 billion. Anything that could possibly cut into my ownership would do the same for at least the others in my unit, and possibly even all of us. Whatever super strange event that may cause that to happen, good luck to the title insurance. It’s not lost on me they’d have motivation to wriggle out of it any way they could.

I don’t think anybody has needed to use their title insurance yet regarding what they actually bought direct - the deeded real estate interest direct from DVD. There have been reports about using it to correct for accuracy, like the title did not precisely list names as given, typos, ownership structure… something like that. Proofread those documents before signing! Make sure it is the right resort, points desired, names are exact, how you want it deeded, terms of payment, etc. Because even if you have TI, they’ll only pay to fix if you can prove somebody else messed up and wan’t due to error/oversight on your part.

At this point in time the only direct WDW property I’d consider buying title insurance is OKW, because of the weird 2042/57. Who knows how that plays out and even if/where TI can help. I feel like $187 is worth not being left out in the cold on that one. And I think that is how most people think about any DVC direct purchase:

For $187 do you want to be in or out - should something come up and possibly TI covers it or pays lawyers to recover it for you. It’s a small amount of money for peace of mind considering the tens of thousands spent. Easiest is to pay it knowing you did what you could to protect yourself.

My advice is it’s likely easier to pay for it than to feel confident you won’t ever need it lol. I like living in the wild side though

 

[patm95]

It's basically to protect you if there is an issue such as unpaid dues or legal claim against the property.

You don't really need it when buying direct as Disney is paying their dues (or at least in general ledger they are) and they are not suing themselves about an issue with the property.

It is a good idea to get it though if purchasing resale as there could be something there that the previous owner isn't disclosing. Usually it's not an issue but I wouldn't want to take a chance when buying from a 3rd party.

Good to know. Thank you!

 

[Sandisw]

It's basically to protect you if there is an issue such as unpaid dues or legal claim against the property.

You don't really need it when buying direct as Disney is paying their dues (or at least in general ledger they are) and they are not suing themselves about an issue with the property.

It is a good idea to get it though if purchasing resale as there could be something there that the previous owner isn't disclosing. Usually it's not an issue but I wouldn't want to take a chance when buying from a 3rd party.

Just remember, that they sell points that they took back via ROFR, so I am not sure a direct buyer would be protected if there is a title issue from the owners they got the points from?

 

[Flash_Sloth]

... What she did bring up is that if I buy at least 200 VDH points they will give me a new gift on top of the new incentives.

The gift is a very limited edition framed Mary Blair (edit: inspired) canvas print that you cannot buy in stores and they only made 200 of them. They will give this gift only to the first 200 buyers that commit to the new incentives at 200 points or higher for current members or 250 points or higher for new buyers. They know us DVC folk love swag
...
My closing has been extended to 75 days. I requested 90, but didn't push. I wanted to pay in 4 different months and thats what I get to do so im happy. I will be going with the new incentives and my Mary Blair gift!

I wonder how closely they're tracking this canvas print gift with old vs. new incentives. We worked with our guide getting everything setup with the old incentives on 2/9, but didn't sign the docusign until 2/10 which is the first day of the new incentives. Existing member buying 200 VDH points.

I'm quite surprised that they're giving you 75 days for closing. I asked my guide assuming that 60 days was the norm that they provide, but she was quite insistent that 30 days is it.

 

[eticketplease]

Just remember, that they sell points that they took back via ROFR, so I am not s direct buyer would be protected if there is a title issue from the owners they got the points from?

Disney does resell those but just my take, if they bought a contract or sold a foreclosed contract that the prior owners owed dues on I would assume Disney would wipe the slate. Again that is just my take as it would be a nightmare PR wise that Disney sold xxx resort and I had to pay $xx,xxx in unpaid dues stories.

I don't have any real evidence one way or another though.

 

[davidhr]

Just remember, that they sell points that they took back via ROFR, so I am not sure a direct buyer would be protected if there is a title issue from the owners they got the points from?

I wonder how this would work in most cases…

If I’m buying 0.005% of unit 1234, and they have 1% of that unit available, how do we/they know I’m getting the exact % with the issue?

 

[ClaraOswald]

Officially going with 200 VDH points woo woo. Did the 75 75 50 split to keep blue card benefits in case of offloading one, thank you @juliebee

Decided to pay the $100 more for the Mary Blair inspired artwork and go with the new incentives, what can I say im a sucker for Disney and it is hanging on the wall at VDH, I think its a great first direct home resort gift!

With that being said, I think it is Joey Chou because its physically at VDH. I liked this artist before he did the DVC artwork. They wouldnt show me a picture, but they said I could see it the there. They valued it at $350. Im thinking at least $100 either way because it is framed.

Foregoing MB, I want those points! Also asked to waive the title insurance to help offset the cost of one of these splits!

Did they say where at VDH it's hanging on the wall? We might be able to figure out what it is based on that info.

 

[VGCgroupie]

Just remember, that they sell points that they took back via ROFR, so I am not sure a direct buyer would be protected if there is a title issue from the owners they got the points from?

Seems like Disney would only buy back a clean title and search each title they buy back and resell.

 

[eticketplease]

Seems like Disney would only buy back a clean title and search each title they buy back and resell.

No they buy others for sure.

You used to be able to buy foreclosures and then owe the dues which you would still come out ahead.

Disney worked with the state somehow and basically any foreclosures now come to them before anyone can bid on them now.

 

[mkatsy]

You did. I think you said something about loving the sprawling, laid back, FL condo feel and that the bus loop was simply the most efficient form of Disney transportation you’d ever seen. Oh, and I think you thought it was some of the most unique Disney theming on property - I mean, who doesn’t think about upstate NY and horse racing when they’re in Florida?

What imagineers thought we wanted: horse statues
What we really wanted: a simulcast screen and an OTB teller … oh the missed opportunity

 

[Sandisw]

Seems like Disney would only buy back a clean title and search each title they buy back and resell.

Title companies do the work and they do assume it’s clean title, but even with Disney something could happen that is missed.

Even with resale, the title companies believe it is a clean title, but the insurance is there in case of an issue.

It might be highly unlikely with Disney, but it something that crossed my mind.

 

[Sandisw]

I wonder how this would work in most cases…

If I’m buying 0.005% of unit 1234, and they have 1% of that unit available, how do we/they know I’m getting the exact % with the issue?

No idea other than it might be something that could impact all owners of the unit who purchased once those points came back?

My guess it’s a non issue because I’d bet 99.9% of direct buyers pay for the title insurance.