San Diego County tax assessor auction of foreclosed timeshares

[T_R_Oglodyte]

San Diego County tax assessor auction of foreclosed timeshares

click on the "+" icon on the right to see details. The list appears to be grouped by resort.

 

[amycurl]

If I’m reading this correctly, most of those are Welk.


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[mountainboy]

San Diego County tax assessor auction of foreclosed timeshares

click on the "+" icon on the right to see details. The list appears to be grouped by resort.

If I’m reading this correctly, most of those are Welk.


Sent from my iPad using Tapatalk

Everything...
Many Aviara 4 seasons, Welk, Coronado Beach resort, Carlsbad Inn Beach resort, Winner's circle, Gaslamp Plaza...
361, over 14 pages..

 

[b2bailey]

If I remember correctly, a purchase at tax auction negates all past due maintenance fees due on the property.

 

[T_R_Oglodyte]

If I remember correctly, a purchase at tax auction negates all past due maintenance fees due on the property.

I believe it also eliminates any prior encumbrances or liens or clouds on title, i.e., it is a clean title.

 

[T_R_Oglodyte]

Everything...
Many Aviara 4 seasons, Welk, Coronado Beach resort, Carlsbad Inn Beach resort, Winner's circle, Gaslamp Plaza...
361, over 14 pages..

Even some rare properties, such as Sand Pebbles in Solana Beach.

Of course, any one bidding should be familiar with specific details, such as what the usage rights are for that week.

 

[nomadio]

Is it likely that FS would attempt to bid on/ buy up all the Aviara units?

 

[emeryjre]

Even some rare properties, such as Sand Pebbles in Solana Beach.

Of course, any one bidding should be familiar with specific details, such as what the usage rights are for that week.

Why do you believe that Sand Pebbles tax foreclosures are rare?

 

[buzglyd]

Is it likely that FS would attempt to bid on/ buy up all the Aviara units?

Not with those maintenance fees.

 

[T_R_Oglodyte]

Why do you believe that Sand Pebbles tax foreclosures are rare?

I wasn't referencing foreclosures specifically. My information might be old, but years ago when I was interested in timeshares in the San Diego, for sale listings of Sand Pebbles units were rare.

 

[mountainboy]

Even some rare properties, such as Sand Pebbles in Solana Beach.

Of course, any one bidding should be familiar with specific details, such as what the usage rights are for that week.

I am unclear what specific week of usage/unit type (? 1 BR or 2 BR or 3 BR etc) these are selling from these listings. Thoughts?

 

[emeryjre]

I wasn't referencing foreclosures specifically. My information might be old, but years ago when I was interested in timeshares in the San Diego, for sale listings of Sand Pebbles units were rare.

Thanks
Before we bought our Sand Pebbles Unit
We showed up at the auction and found ourselves bidding against a determined bidder who outbid every offer we made
We ended up buying a unit from the same person at a satellite office at the back end of the property
This was back in 2011
We sold the unit back to the resort a year ago for 75% of what we paid for it
They seem to be moving away from the TS model and into a retail resort model
We never stayed there
It was a good trader both in RCI and Interval International

 

[T_R_Oglodyte]

I am unclear what specific week of usage/unit type (? 1 BR or 2 BR or 3 BR etc) these are selling from these listings. Thoughts?

Whatever is on the listing will simply be a regurgitation of whatever identifying information was provided when the property was entered into the tax rolls. The County doesn't care about the usage rights, unit descriptions, etc., beyond what is necessary to identify the property for tax and valuation purposes.

If I was interested in a unit, I would contact the resort determine details of the property, usage rights (fixed, floating, rotating, points), and exchange company deposit procedures, annual fees, etc.

 

[jackio]

Thanks
Before we bought our Sand Pebbles Unit
We showed up at the auction and found ourselves bidding against a determined bidder who outbid every offer we made
We ended up buying a unit from the same person at a satellite office at the back end of the property
This was back in 2011
We sold the unit back to the resort a year ago for 75% of what we paid for it
They seem to be moving away from the TS model and into a retail resort model
We never stayed there
It was a good trader both in RCI and Interval International

It is still a good trader, especially the summer weeks (racing season). MFs have remained low, but we will have to see what happens since VRI has been purchased by Capital.

 

[Sn0wbird]

I am unclear what specific week of usage/unit type (? 1 BR or 2 BR or 3 BR etc) these are selling from these listings. Thoughts?

View attachment 109427

View attachment 109428

If there's an auction scheduled, you can contact the resort and request for a list of units up for auction. They have more information such as whether it's high or low week.

 

[Jodyv]

This is really interesting. How many of you have bought timeshares from a tax auction?