Well sometimes buying DVC by resale can become a nightmare. It has been so for us. We started the process back in August when we bid on a 100 point property at BCV for $80 a point. We used one of the more reputable Timeshare resale companies listed on this site. Disney took their maximum time and ROFR'd us at the last minute. We thought we were lucky in that the same day a 100 pt property with 100 banked points became available at Animal Kingdom (our second choice). We bid on the contract and it passed ROFR. That is where the trouble actually began. We were all set to close on Dec 9th. In Oct. we were notified by the Timeshare company that the property was part of a divorce settlement and due to the laws of the state where the divorce was finalized (Pennsylvania) all real property was frozen for 90 days post settlement. This pushed our closing out to Jan 20th. In hindsight we should have bailed at this point but we decided to stick it out as it was a nice contract and we won't be going back to WDW until Oct. We waited it out and were thrilled when we got the final paperwork from the Title company last week and thought we were going to be owners this week. Wrong! We called the Timeshare company and our agent informed us that there was a major problem in closing. The seller was behind $1500 to Disney in mortgage payments and had not paid the Jan. Maint. fees (They were to be paid by us at closing). The seller did not have the money to pay Disney so the title could not clear and transfer to us. Since it had 100 banked points we considered upping our part a few 100 but the seller could not come up with any cash at all. Since the seller now won't be able to meet his deadline for yearly maint he's going to be hit with late fee's from Disney come Feb 1 which will put it ever further out of reach so it all fell through today. If we try again its back to square one!
better luck to you all,
Kevin and Mona
better luck to you all,
Kevin and Mona
