Orange County, California Coastal Timeshare Auction

[oceanblue2]

This may be of interest if you are looking for a timeshare on the California coast.

https://octreasurer.gov/press/marri...september-17-attractive-minimum-bids-only-500

 

[4TimeAway]

My personal plan is to not buy items that have to be given away. There are usually options that have value today and probably value tomorrow.

Also not sure how the transfer fees line up, unit type, dates, or MFs.

This feels like an ordeal to buy, register, etc.

Anyone ever get a deal at this way to play the game?

 

[iftravel]

Interesting idea but who's going to pay the closing cost, and does Marriott still have ROFR in this case?

 

[StarSailer]

This came up in a previous thread: https://tugbbs.com/forums/threads/buying-at-a-county-tax-auction.119977/

Closing appears to be 3% of the winning bid ($100 minimum) to be paid by buyer. I don't know if that includes transfer.

Not a lawyer nor from California, but I don't think Marriott will maintain ROFR on a tax sale bid. Instead my understand is they are free/encouraged to place bids at the time of auction themselves.