|Auction starts:||3/11/2014 10:00:00 AM|
|Auction ends:||3/11/2014 2:02:20 PM|
|Bid increment:||USD 500.00|
|Overtime Period:||5 mins|
U.S. Department of the Treasury in conjunction with IRS-CI - Seized Leasehold Interest in Disney Vacation Club, Ko Olina, Hawaii
Address: Disney Vacation Club Villas, Unit 20J, Aulani Resort in Ko Olina, Hawaii on the Island of Oahu.
Description: Leasehold Interest In Disney Vacation Club Villas: Unit 20J, Aulani Resort in Ko Olina, Hawaii on the island of Oahu. Members receive 220 vacation points per year. The anniversary of the membership was December 2011 and the contract is set to expire on January 31, 2062.
Members can book many types of reservations and can bank or borrow to complete their stays. They can use up to 3 years worth of points at any one time (660 points) and can book at their home resort (Aulani Resort) up to 11 months in advance from check-in, or any other DVC resort 7 months out.
The points needed for a reservation vary from resort to resort and time of year traveling. Members can also use the points to exchange outside Disney Vacation Club properties through the World Passport Collection which includes RCI and Buena Vista Trading Company.
The maintenance fee is $1,050 per year. The Disney Club 2014 Vacation Points Chart is available to view on the website.
SPECIAL CONDITION: The Disney Vacation Club has a 30-day "Right of First Refusal" to the sale of the leasehold interest at the sales price.
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Bid Deposit: A $1000 bid deposit is required to bid. U.S. funds only. Deposits must be in the form of a cashier’s check and made payable to CWS Marketing Group, Inc. Personal or business checks, bank letters, money orders or letters of credit will not be accepted. The completed Bid Deposit Form and deposit should be mailed to: CWS, 10374 Battleview Parkway, Manassas VA, 20109, attn: E. Connolly. The deposit is due no later than 5pm on March 10.
10% Deposit: The high bidder will have 3 business days to make the deposit 10% less the original $1000.
Closing: Closing will be held within 30 calendar days of the date the Government signs the sales contract.
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The property is being sold in "As-Is" condition with all faults. The Seller has disclosed all known defects and makes no warranties or guarantees either expressed or implied.
ALL SALES ARE SUBJECT TO THE FINAL ACCEPTANCE OF THE GOVERNMENT.