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“Foreclosure” points?

adolfo2

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I have friends staying at Marriott's Royal Palms this week that texted me the following:

“MVC offer of “foreclosure” points at ~$7/pt in 3-4K chunk”

Foreclosed points? These could be ROFR or foreclosed BUT why would MVC be selling them for less than the going rate of new ones (~$13/pt)?

Don’t they normally just roll these into the pool & recycle them unbeknownst to the new owner since points-is-points! :confused:
 
Now if you just want to give me 1500 points for $7 a point that might not be a bad deal

Sent from my cell...
 
I seem to remember attending a Marriott timeshare presentation many years ago before the introduction of points, that Royal Palms has a unique structure but I can't remember what it was. The sales woman was trying to say that it's a benefit. May be the reason it sells now for less than the regular Marriott points. Does anyone know what is unique about this older resort not developed by MVC?
 
I would expect any points that are foreclosed upon to go back in to the trust to be resold at full freight.
 
I seem to remember attending a Marriott timeshare presentation many years ago before the introduction of points, that Royal Palms has a unique structure but I can't remember what it was. The sales woman was trying to say that it's a benefit. May be the reason it sells now for less than the regular Marriott points. Does anyone know what is unique about this older resort not developed by MVC?

The only thing I could think of is that Royal Palms also exchanges in RCI. Though Royal Palms isn't the only Marriott that does. Royal Palms was a resort that was developed by Marriott from the ground up, Sabal Palms was the first purpose built timeshare that Marriott built. Though most of the older resorts exchange in RCI before Marriott switched affiliations to II.
 
I have friends staying at Marriott's Royal Palms this week that texted me the following:

“MVC offer of “foreclosure” points at ~$7/pt in 3-4K chunk”

Foreclosed points? These could be ROFR or foreclosed BUT why would MVC be selling them for less than the going rate of new ones (~$13/pt)?

Don’t they normally just roll these into the pool & recycle them unbeknownst to the new owner since points-is-points! :confused:

Could this be a salesmen's "spin" on a hybrid bundle using a "foreclosed" week (read resale week) bundled with points to net to a $7/pt overall price?
 
Could this be a salesmen's "spin" on a hybrid bundle using a "foreclosed" week (read resale week) bundled with points to net to a $7/pt overall price?

I smell a RAT! :annoyed:
Not sure why you said that. Bundling MVC pts with a resale week that Marriott is selling ( either for a the current owner or a week Marriott got from a foreclosure) is a great reasonable way to get MVC pts for about $7/pt.
 
Not sure why you said that. Bundling MVC pts with a resale week that Marriott is selling ( either for a the current owner or a week Marriott got from a foreclosure) is a great reasonable way to get MVC pts for about $7/pt.

Just not sure why the sales person would try to sell them as foreclosed points? Perhaps to make it sound like a great deal to the buyer?
 
I seem to remember attending a Marriott timeshare presentation many years ago before the introduction of points, that Royal Palms has a unique structure but I can't remember what it was. The sales woman was trying to say that it's a benefit. May be the reason it sells now for less than the regular Marriott points. Does anyone know what is unique about this older resort not developed by MVC?

Royal Palms was my first MVC timeshare and is one of the early MVC planned and built properties. The only two unique things about the property I can think of is that it is one of the few MVC properties where you can convert to MR points every year (greatly diminished value today), and MVC guests have full access to Marriott World Center resort facilities. Since MWC has a large convention center, I think the property has higher occupancy of non-owners who book through Marriott. There are no resort fees or parking charges which makes this a great value.
 
Only because the salesperson may have omitted the fact that it was a "Hybrid" purchase and not just a straight forward "$7/pt in 3-4K chunk" transaction.
 
Could this be a salesmen's "spin" on a hybrid bundle using a "foreclosed" week (read resale week) bundled with points to net to a $7/pt overall price?
That's exactly what it is. A week that Marriott is facilitating the sale of at a highly discounted price, which can be as low as a third of the price it sold for, back in the day, for now $3-4 a point, coupled with a purchase of points, to average the price down to $7-8 a point. Foreclosed is not the best term by the salesperson as 'distressed' or 'no longer wanted' by the owner might be more appropriate, but it is a great deal for those that need points to get to higher tier levels. Yes, I am a salesperson with Marriott.

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