SSR people with purchase agreements

[LBurg93]

I just got off the phone with DVC. She said, prior to 12/03 you do not have a contract, therefore you do not have 12/03 points to give back.

Item 18 only applies if: (a) you use your points from 12/03 AND (b)you CANCEL your contract with DVC prior to the closing of your contract (on page 1 of your purchase agreement), which is probably April 04. Then you would be required to give back the points.

 

[sev34]

I have been a committed Disney fan since my first visit to WDW in 1975. This being said, I have also been practising law for 12 years now (I was nine on that first trip), and I have seen far too many cases where clients disregard a formal contractual provision, in favour of a verbal assurance, only to have it come back to haunt them when push comes to shove. Trying to reconcile my fundamental trust in Disney with my objective legal assessment of the situation, I would think that a letter on DVC letterhead explaining the true intent of the deal would be the reasonable compromise. In strict legal terms, this would allow for an argument that there was a "collateral" agreement, separate and apart from the official documentation. On a more practical level, if the DVC officials are prepared to offer their assurances verbally, I have some difficulty understanding their reluctance to confirm these assurances in a simple letter.

Just my two cents. Then again, I purchased a 350 point BCV contract in May, and I have to admit that my trust in Disney caused me to sign the documents without a thorough reading of the paperwork. If I had been purchasing SSR, I suspect that I would not have picked up on this issue (sometimes, it is much easier to give advice than to follow it yourself).

 

[robmary]

The legal department called us today. On a sheet called the Receipt for Deposit (with the DVC logo and our contract & member number on it), they are going to add a section after the $10/point credit that says we get to keep the first year use points.

We are happy. Case closed. We will get the new docs on Monday and will be signing.

I will say that the DVC indicated that we were the first people to bring this up into question, but that they knew about it and were working on it. We do feel sorry that more of you don't read what you are signing. This is a very large investment for us and we feel we need protection for ourselves.

 

[RoutemanDan]

Funny Quality assurance indicated that I was the first one to notice it as well when I spoke with them the other day . You may have missed my post on this on the previous page.You are worrying for nothing.

 

[disneycrazed139]

I did bring it up. I was not offered the same concession and would like it. If I insist on this, would they have to send me a whole new contract?


Thanks!

 

[disneycrazed139]

Come to think of it...this scenario, that Disney in essence turns around and says "sorry, we never said THAT" is completely absurd. If Disney does that, I will never, ever again believe in anything!

There is no way my Guide, the quality assurance department, and the legal compliance department are all aligned so as to get me to sign the documents, only to turn around later and say they never said that.

Does anyone think this is even a REMOTE possibility?

 

[Maistre Gracey]

Originally posted by disneycrazed139
Come to think of it...this scenario, that Disney in essence turns around and says "sorry, we never said THAT" is completely absurd. If Disney does that, I will never, ever again believe in anything!

There is no way my Guide, the quality assurance department, and the legal compliance department are all aligned so as to get me to sign the documents, only to turn around later and say they never said that.

Does anyone think this is even a REMOTE possibility?

No. I don't remotely believe that would happen. I think you will be a-okay.
However, it doesn't matter what I think. If you are worried about it, you could call and get the same paperwork as robmary.

Good luck...

 

[disneycrazed139]

I don't really feel uncomfortable with anything at this point except that I didn't receive the same offer. I guess they placated me.

 

[manning]

As a lawyer says. The signed written word is the final word.

But I thought..................... case dismissed.

But they said ..................... case dismissed.


But they are a reputable company............. maybe not tomorrow.

Look who you are dealing with.............famous last words.

 

[Doctor P]

There is also a concept known as de minimis. Remember that we are talking about the points for one year of the fifty year contract. As someone posted on another thread, this works out to $1.60 per point per year. Thus, even if one lost the first year points on a 150 point contract, you are talking about losing something that is of about $240 in value on an approximately $12,000 transaction. Remember that this is not a recurring issue--it only occurs in the first year you own the property. Given how they have structured the first year's dues, I would be even less inclined to worry. My point is that I expect that what they are telling you about the glitch is true and that everything will work out fine, but even if it doesn't, the TRUE (not emotional) loss will be likely very small.

 

[Richyams]

Come to think of it...this scenario, that Disney in essence turns around and says "sorry, we never said THAT" is completely absurd. If Disney does that, I will never, ever again believe in anything!

There is no way my Guide, the quality assurance department, and the legal compliance department are all aligned so as to get me to sign the documents, only to turn around later and say they never said that.

Does anyone think this is even a REMOTE possibility?

They did lie pretty good to me. They told me that the occupancy limits were strict, they told me quite clearly that four meant four and extra people would not be allowed.

 

[disneycrazed139]

Richyams,

I think I'm missing something. Are you saying that you usually have more people and they didn't mind? That they treated you even better than expected?

 

[LBurg93]

Yesterday I spoke with quality assurance regarding the contract and about the point situation. Today I received a new Receipt for Deposit and in the second paragraph they added the following, "Purchaser(s) is not required to assign any vacation points to Disney Vacations Development, Inc."

If anyone is still has an issue regarding their contract, call QA and they will issue you a new Receipt for Deposit.

 

[disneycrazed139]

I just spoke with someone (Sandy) from QA who is going to issues me a new receipt for deposit. I already sent back my contract, however, so it is my understanding that this is just a single piece of paper.

 

[BriarRose59]

I received my packet today for the points we are purchasing at SSR. On my Receipt for Deposit in the second paragraph it states: "Purchaser(s) is not required to assign any Vacation Points to Disney Vacation Development." They have apparently added this to cover the mistake in the PA. The Purchase Agreement itself has not been changed yet. I am willing to trust that the statement on the Receipt for Deposit is binding enough if a problem comes up at a later time.

 

[RJake1]

What is the deal with SSR? Is it $79/point, 50 year term, with maint/taxes of $3.80 point? Do I have it correct?

DVC was offering a deal on other property if you forfeit your first year points they'd knock off $1500. Could that be how they are reducing SSR from $89 to $79?

 

[disneycrazed139]

Yes, the incentive is a choice of either 100 developer points to use before SSR's opening in May OR, $79 per point instead of $89. If you are buying a 150 point contract, the 150 X $10 off per point = $1500. Hence, it is a $1500 discount. I am not sure if the incentive is more for higher point contracts or not.

 

[disneycrazed139]

Sorry, I am not sure if I answered your question...

SSR contracts end in 2054 instead of 2042. If you have a December use year (points given in December) you are not forfeiting your first year's points. You do get to keep 2003's points. However, you can't use them before the resort's opening in May--not even at other resorts. I don't know what the particulars are for other use years, but I don't think that you need to forfeit points for them.