Contact Exit Services at MVC. You will not receive any money in return, and your MFs must be paid current; and any purchase loan paid in full. The process is reported to last up to 180 days. You ask if there are any "options to exit with certainty". Well, there is only so many ways to dispose of unwanted real property ownership. Death, sale, gift transfer are all done with certainty. Deed-back to developer is basically only an option in the timeshare world when there is no purchase loan.
From your title you are trying to get rid of MVC Destination points, now called Abound points. Do not give them to Marriott like other posters suggest. There is an active sales market where you can garner about $3 per point. Giving them to Marriott would be like throwing this money away.
Because you are new, and you didn't indicate whether your points are paid off or not, you may not be aware that before they can be transferred out of your name they would have to be paid off. If they are paid off you could do a deed back and get nothing from Marriott. You could potentially sell and net around $2-$3 per point. Deeding back or selling it and pricing it right you can expect to be out in 6 months or less.
That was quick. I was expecting points to hold some value a few years longer, but with recent maintenance fees increases the resale value of points is approximately zero already.
Don't forget that when MVW takes back Trust Points or adds components to the Trust such that additional Points for Sale are issued, MVW pays the MF on those points until sold. And, the Trust Components have MFs that are tied to the operating costs of those specific locations. All of the Component locations are audited properties, so it's not like the multiple HOAs/COAs could be hoarding reserve funds, as it would all be disclosed in the AFS. And, reserve funding is subject to the independent reserve analysis reports. So, if there was a big stash of cash in reserves, it would be noted by both the auditors and the reserve analysis folks.
Don't know if this would work for you, but I have been able to rent my Marriott points fairly easy and cover my MF.
Having been a CPA and an auditor for over 30 years, I'm not so sure I agree with the statement that "all component locations are audited properties." Just because they have a financial statement doesn't make them audited, and intercompany expenses between the component locations and Marriott Vacations Worldwide aren't necessarily vital expenses for the location to function.
I participated in their resale program, Took about 9 months from list to close. I received $7000.00 proceeds. Was very happy with the entire process.
Recent entries at ROFR.net indicate above $3.80 pp may succeed.
I was just looking at ROFR.net and notice that the last reported entry was in early December and that was a fail at $1.60. It is possible if there are more points coming to market that the price they exercise at could fall.
While my post was somewhat flippant, it isn't necessarily impossible. While MVC would have to carry the points until they resell them, they do have ways to monetize them by renting out inventory that they own. Even if the MFs on points they own are a 100% loss, it just becomes a smaller margin that they make on them. The annual fee on points is only about 5% of the overall retail price. It would seem that this type of buy and sell inventory management would be cheaper than dropping an entire resort into the trust which could take several years to unload all the points. If they take back points with a 2024 use year, even if they sell them with 2025 use year, they have only lost maintenance fees on one use year. That is also considering that they didn't rent something out to monetized the points in the 2024 use year.
If they can't sell them I'd agree, but if they can sell for even $1 a point, I can't imagine them losing money vs. a deedback (not counting what they paid in either case). It obviously depends on how many points they own but more than likely 1500 or more.
I would agree. Listing costs aren't going to be that much as long as you don't use a broker that requires some kind of minimum. I believe ebay is $35 + final value fee. TUG Marketplace would only be $15 for the membership and Redweek only $20 membership + $60 for DIY. I am not seeing many ebay listings ending with no bids unless they have a high starting bid. Ending bids are certainly coming in under a buck a point.
Thus has happened with Diamond and Club Wyndham. Looks like Marriott is in the same boat as them now.
That’s a real shame.
Well, each deeded location I own as well as the MVC Trust have audited financial statements. I request them and review them.
I agree with what you are saying about how MVC can monetize the points it owns. But going back to the original comment you made, I find it quite unrealistic to presume that the MFs are being driven up by MVC to "replenish" point inventory for sale. Remember what the MFs of each component location are based upon. MVW isn't going to randomly say let's add a multiplier of X to the MFs for Grand Chateau or Newport Coast or Ko'Olina so they can drive up the Trust MFs in order to cause either more defaults in MF payments to the Trust or sales of Trust Point ownership to then exercise a ROFR to take them back cheap when the Trust Point owner decides to sell.
You are very knowledgeable about certain aspects of law; however, you’ve kept making this claim because there are audited financial statements everything must be above board.