ROFR Thread July to Sept 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

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CastAStone said:
I am fairly certain they are ROFRs. Foreclosures mention foreclosure on the deed.
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How do I get the Price and # of points from the taxes paid / % of a unit? Feel free to PM me if you prefer rather than clogging up the thread with math :)
 
Liquidice said:
How do I get the Price and # of points from the taxes paid / % of a unit? Feel free to PM me if you prefer rather than clogging up the thread with math :)
Click to expand...
Price is easy, just divide the document deed tax by 0.007.

Points are harder. If you can find another deed with the same unit that lists the points (it may say something like "0.1565% of Unit 3A. This is represented by 100 vacation points") than you can figure out the math pretty easily.

If you can't find another deed for that unit at that resort, you need to figure out what that unit is made up of in terms of rooms. To do that, you'd look up the condo drawing for the resort on the Orange County Recorder site, look at what the unit is made out of (for example, a 2 Bedroom + 2 Studios, or 4 2 Bedroom units), and then keep looking at other contracts to figure out what each of those unit types is worth in terms of points.

So for example, at Beach Club I found a contract that listed .7331% of unit 22 as being worth 250 points. I saw that Unit 22 was made of 2 2 bedrooms.
So 250 / .007331 = 34102, so Unit 22 has 34,102 points assigned to it. So then each of its Two 2 Bedroom units is worth 17,051 (34,102 / 2). That will be true (within a couple points) for all 2 Bedrooms at Beach Club. If you look up a few different contracts, you can figure out what each room type is worth, for Beach Club a 1BR is ~11,430 and a studio is ~5,750.

With that information, you can calculate the total points for the unit you care about. Then multiply that times the percentage in the contract to get the total points.

If that doesn't make sense feel free to PM me.
 
CastAStone said:
Price is easy, just divide the document deed tax by 0.007.

Points are harder. If you can find another deed with the same unit that lists the points (it may say something like "0.1565% of Unit 3A. This is represented by 100 vacation points") than you can figure out the math pretty easily.

If you can't find another deed for that unit at that resort, you need to figure out what that unit is made up of in terms of rooms. To do that, you'd look up the condo drawing for the resort on the Orange County Recorder site, look at what the unit is made out of (for example, a 2 Bedroom + 2 Studios, or 4 2 Bedroom units), and then keep looking at other contracts to figure out what each of those unit types is worth in terms of points.

So for example, at Beach Club I found a contract that listed .7331% of unit 22 as being worth 250 points. I saw that Unit 22 was made of 2 2 bedrooms.
So 250 / .007331 = 34102, so Unit 22 has 34,102 points assigned to it. So then each of its Two 2 Bedroom units is worth 17,051 (34,102 / 2). That will be true (within a couple points) for all 2 Bedrooms at Beach Club. If you look up a few different contracts, you can figure out what each room type is worth, for Beach Club a 1BR is ~11,430 and a studio is ~5,750.

With that information, you can calculate the total points for the unit you care about. Then multiply that times the percentage in the contract to get the total points.

If that doesn't make sense feel free to PM me.
Click to expand...

Thanks, makes sense! I was looking through a few that showed the Points and the total Price, so they were easy to calculate - I didn't know you could calculate the ones without this information too so appreciate the info :)
 
Congrats to everyone who passed today and lots of luck to those still waiting! ROFR definitely seems to be speeding up, let’s hope the rest of the process is too. Definitely worth the wait!
 
3ZrWe said:
Today is the day!! Just got the email about passing ROFR and can hardly believe it! So happy to be first time DVC owners at VGF. YAY!!:banana:

3ZrWe---$145-$15731-100-VGF-Aug-0/19, 151/20, 100/21-sent 6/22, passed 7/29 (38 days)
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CONGRATULATIONS!
First Timers,how exciting. Welcome Home!
 
Domique---$152-$13196-80-BLT-Feb-29/19, 80/20, 80/21, 80/22- sent 6/25, passed 7/29/20
Whoo-hoo!!!
That was quicker than I had anticipated :D

I looked back and my original post was not correct Domique---$152-$13196-80-BLT-Feb-1/19, 109/20, 80/21, 80/22- sent 6/25
Im not sure how I messed it up but the "passed" post has the correct information. Sorry!
 
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