What a great day.
I was the only bidder present besides Marriott's Counsel (very, very good and nice folks from PESCO). Another man did show up at the 11 am auction, but did not have his certified or treasuer's check. So, it was just me and Marriott buying back several foreclosures that they were holding the notes on.
Here's what I got :2 non-judicials (non payment of MFs). These had the lowest opening bids.
2 Platnium weeks for $4k each. Total of $8k paid by cert check.
The great part: 125,000 Marriott Rewards pts. each =250,000 pts annually.
The best part: No ROFR as these were sold by Marriott and are not considered a secondary market resale AND (drum roll............) the points are annual as, again, this is a sale from Marriott.
I will get my foreclosure papers and do the title recording at the Suffolk County Courthouse. We have a paralegal who can get this done brilliantly.
Once that is done, I contact Marriott.
Wow, I'm a double platinum Marriott owner for $8k and it's in my beloved Boston. Can use the pts. to travel, stay in it, rent it or deposit it.
Sometimes just showing up is most of the work.
I'd be happy to help anyone with questions on the process as best I know it. I"m sure that this will be one of many timeshare auctions for various timeshare and not restricted to Marriott.
B.
