TSS listing question

[pascagoulabeach]

Good Morning,

I was just looking at some resales on the TSS and I saw a listing that does not make sense to me:

Notes: 268 points coming on 2/1/12 (160 + 10 banked points from 2011 and 98 borrowed points from 2013, both banked and borrowed points need to be used by 2/1/13) and 62 points coming on 2/1/13. Priced at $90 per point.

I understand how you can have 10 banked points from 2010 and that 160 UY points are coming on 2/1/2010. My question is how can you have borrowed points from 2013 already coming on 2/1/2010?

Thanks

 

[DisneyNutMary]

Good Morning,

I was just looking at some resales on the TSS and I saw a listing that does not make sense to me:

Notes: 268 points coming on 2/1/12 (160 + 10 banked points from 2011 and 98 borrowed points from 2013, both banked and borrowed points need to be used by 2/1/13) and 62 points coming on 2/1/13. Priced at $90 per point.

I understand how you can have 10 banked points from 2010 and that 160 UY points are coming on 2/1/2010. My question is how can you have borrowed points from 2013 already coming on 2/1/2010?

Thanks

It's just a guess, but it's possible points were borrowed to book a DCL cruise on points, then the cruise was cancelled
The one thing I hate about resales is figuring out all the borrowed, banked and used points- and in what year your purchase will be a fully intact contract.

 

[JimMIA]

If you are considering that listing, I'd call the Timeshare Store and ask them exactly what the situation is with all of the points.

IF, as suggested, those points were borrowed for a cruise which was subsequently canceled, they cannot be used for DVC lodging. They would be Reservations Points that could only be used for things like cruises, other Disney hotels, etc.

Of course, if you buy that contract resale you will not be allowed to use any of your points for DCL, or any Disney Collection purposes, so those points are worse than useless to you. You can't use them, and they subtract from the number available in your 2013 UY.

You'd basically be buying with no points now, 170 in 2012, and only 62 in 2013.

 

[DVCconvert]

If Jim is right, depending on what you find out from calling TTS - you might consider making an uber low-ball offer. I'd consider this to be beyond a "disstressed" contract personally.

 

[chalee94]

Notes: 268 points coming on 2/1/12 (160 + 10 banked points from 2011 and 98 borrowed points from 2013, both banked and borrowed points need to be used by 2/1/13) and 62 points coming on 2/1/13. Priced at $90 per point.

I understand how you can have 10 banked points from 2011 and that 160 UY points are coming on 2/1/2012. My question is how can you have borrowed points from 2013 already coming on 2/1/2012?

i changed the dates in your paragraph for clarity.

they could have borrowed pts from 2013 to make a reservation for feb 2012 as early as march 2011. then a couple of months later something happens - like losing their job or a divorce - that prompts them to cancel the reservation and put the contract up for sale.

but you should still verify that those pts are not "reservation pts" as jim mentioned...

 

[ct_chris]

If you are considering that listing, I'd call the Timeshare Store and ask them exactly what the situation is with all of the points.

IF, as suggested, those points were borrowed for a cruise which was subsequently canceled, they cannot be used for DVC lodging. They would be Reservations Points that could only be used for things like cruises, other Disney hotels, etc.

Of course, if you buy that contract resale you will not be allowed to use any of your points for DCL, or any Disney Collection purposes, so those points are worse than useless to you. You can't use them, and they subtract from the number available in your 2013 UY.

You'd basically be buying with no points now, 170 in 2012, and only 62 in 2013.

I agree with JimMIA that calling TSS to get the exact details on he contract would be the best path forward.

The only other way I could envision using those 93- 2013 borrowed points would be to have the contract held in escrow and have the current owners reserve a cruise or Disney Resort (Non DVC lodging) in your name and then after the trip you could close and transfer ownership to you.

Without being very creative like above, I would personally either make a low-ball offer or find a better contract.

 

[RobDoc]

Good Morning,

I was just looking at some resales on the TSS and I saw a listing that does not make sense to me:

Notes: 268 points coming on 2/1/12 (160 + 10 banked points from 2011 and 98 borrowed points from 2013, both banked and borrowed points need to be used by 2/1/13) and 62 points coming on 2/1/13. Priced at $90 per point.

I understand how you can have 10 banked points from 2010 and that 160 UY points are coming on 2/1/2010. My question is how can you have borrowed points from 2013 already coming on 2/1/2010?

Thanks

It appears to me that this is a February Use Year where 160 points are from the 2012 Use Year, 10 points banked from the current 2011 Use Year and 98 points that were borrowed from 2013.

It seems likely that a reservation for sometime in the 2012 Use Year (2/1/12-5/27/12) was made using banked points from 2011, current points from 2012 and points borrowed from the 2013 Use Year. That reservation has been cancelled and all points returned to their appropriate status. The points banked from 2011 and the points borrowed from 2013 are all vaild thru 1/31/13. The points from the 2012 Use Year could still be banked for use thru 1/31/14.

I'd still call TTS to verify the status of the points before proceeding with an offer though.

 

[JimMIA]

If the 98 points borrowed from 2013 came from a DVC ressie that was canceled, they're basically as good as any other points.

You can't put those specific points back into 2013, but if you don't want to be short of points in '13, you can bank enough 2012 points to replace them.

So, for example, if you banked 98 2012 points into 2013, you'd have 170 for 2012 (160+10 banked from 2011) and 160 for 2013 (the remaining 62 2013 points +98 points banked from 2012).

(You wouldn't have to bank exactly 98 -- you could bank however many you want.)

 

[pascagoulabeach]

Thanks for the great info.