• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 31st Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $23,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $23 Million dollars
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

dioxide45

TUG Review Crew: Expert
TUG Lifetime Member
Joined
May 20, 2006
Messages
50,753
Reaction score
22,252
Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
I'm not sure it would be enough to make a difference in the trust. Also, I believe sometimes the ROFR is sold to another MVC direct buyer. I say this because my first MVC purchase was a direct bundle of points and an enrolled Lahaina / Napili Villas 2B oceanfront. Looking at the contract it was pretty obviously a ROFR that they were then selling to me.
How was your contract worded to make you think the week you bought in the bundle came from ROFR? In general terms, the bundle packages usually include a week that MVC is selling on behalf of another owner through the MVC resale department. In fact, a several years ago a Tugger noticed that Marriott took back a couple Maui in fixed unit/weeks through ROFR that this Tugger wanted to purchase. MVC would not sell them the weeks. They were worth more to sell as Trust Points.

A Maui Lahaina/Napili Villas 2B oceanfront is worth 7,475 points. If they dump that in the trust and sell them out at a discounted amount of around $12.50 per point then it is over $93,000 in point sales. Did they sell you that week as part of a bundle for more than that? I suspect it was much less.
 

rickandcindy23

TUG Review Crew: Elite
TUG Member
Joined
Jun 6, 2005
Messages
33,854
Reaction score
10,320
Location
The Centennial State
Resorts Owned
Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge and Shadow Ridge,Grand Chateau; Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms(selling); WKORV-OF ,Westin Desert Willow.
Our Westin Oceanfront Center, new week not closed yet that I bought from a TUGger, did pass ROFR for $38K. LT Timeshares is handling the closing with no escrow. Sending a check directly to the TUG member.
 

Fido Chuckwagon

TUG Member
Joined
Sep 18, 2022
Messages
1,732
Reaction score
1,277
Resorts Owned
Disney’s Saratoga Springs Resort; Wyndham Bonnet Creek; Wyndham Bali Hai; Wyndham Canterbury; Wyndham Grand Desert; Marriott Grand Chateau
Our Westin Oceanfront Center, new week not closed yet that I bought from a TUGger, did pass ROFR for $38K. LT Timeshares is handling the closing with no escrow. Sending a check directly to the TUG member.
You're sending $38,000 without escrow?
 

BJRSanDiego

TUG Review Crew: Expert
TUG Member
Joined
Jan 8, 2012
Messages
3,657
Reaction score
2,124
Location
San Diego
Resorts Owned
Sands of Kahana, Desert Springs I, DSV2, Shadow Ridge Enclaves Dlx
You're sending $38,000 without escrow?
When I last used LT Transfer (bought from a fellow Tugger), I used LTT's "soft escrow". I sent the the check, they held it for a while, and after things were transferred, they mailed the check to the Tugger. IIRC, I may have sent a Cashier's check.
 

dioxide45

TUG Review Crew: Expert
TUG Lifetime Member
Joined
May 20, 2006
Messages
50,753
Reaction score
22,252
Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
When I last used LT Transfer (bought from a fellow Tugger), I used LTT's "soft escrow". I sent the the check, they held it for a while, and after things were transferred, they mailed the check to the Tugger. IIRC, I may have sent a Cashier's check.
How long ago was this?
 

Pink_Warrior

TUG Member
Joined
Aug 1, 2022
Messages
214
Reaction score
99
What is the timeframe for Destination Points? Today or tomorrow will be day 30. I thought that I had to be notified within 30 days but since they run these on Tuesdays and I've not heard a word, I think that I am going to miss that 30 day mark.
 

Mongoose

TUG Member
Joined
Mar 15, 2012
Messages
2,232
Reaction score
1,209
Location
Colorado
Resorts Owned
Hyatt Pinion Pointe, HGVC The Bay Club, HGVC Elara, Worldmark
Marriott just exercised ROFR on my platinum Marriott Summit Watch at 14,000K.
I can see that if it was a good Ski week.
 

DJmonkey

Guest
Joined
Nov 13, 2007
Messages
79
Reaction score
3
Location
San Fran
So in the searchable list I assume passed means they did not exercise their option.
Failed means they offered to buy back for the offer amount?
 
Last edited:

suzannesimon

TUG Member
Joined
Jan 3, 2010
Messages
1,892
Reaction score
147
Location
Destin, FL & Bethany Beach, DE
Resorts Owned
Marriott Frenchman's Cove, Hyatt Sunset Harbor, Harborside at Atlantis, Marriott Aruba Surf Club, Marriott Grande Ocean, Westin Kierland Villas, Westin Lagunamar
So in the searchable list I assume passed means they did not exercise their option.
Failed means they offered to buy back for the offer amount?
Correct!
 

WahooWah

Guest
Joined
Dec 15, 2010
Messages
144
Reaction score
85
A 2BR Ocean Front Villa at Maui Ocean Club (Napili/Lahaina Tower) passed ROFR at $35,000 two weeks ago. Several were bought back at this price this year.
 

TXTortoise

TUG Member
Joined
Sep 4, 2005
Messages
1,479
Reaction score
601
Location
San Antonio, TX
Resorts Owned
Maui OC Lahaina Fixed (3+)
Kauai Waiohai
Vail Streamside Birch
A 2BR Ocean Front Villa at Maui Ocean Club (Napili/Lahaina Tower) passed ROFR at $35,000 two weeks ago. Several were bought back at this price this year.
Apparently it was $36-37K for a bit, so definitely in the 'will they take it' window. Still up from the norm of $32K pre-Covid. End of year budget constraints always possible.
 
Top