The max an individual is allowed to own at a single resort is 4,000, with a maximum of 8,000 total across all resorts. From what I've read, Werner was/is somewhere in the range of 4,000 points total, but that seems to have been a rapidly moving number.Time shares have deeds in Orange County Florida . You can look up what he owns (or is still paying off as mortgages are listed as well). I certainly don't see $800k worth of DVC under his name (or Dreams Unlimited Travel)...
Based on the Hawaii Bureau of Conveyance, Werner has 4 Aulani DVC contracts, all purchased on 12/23/21, for a total of 1,300 points. He financed them all and the total mortgaged amount is $153,110. All were purchased by "Peter R. Werner, a single man".
To place the value in a liquidation context, those contracts are probably worth =/- $110 per point right now, or about $143,000, minus around 8% for broker's fees, so maybe $131,500. He could get out from under the debt reasonably easily, but the kicker is that those numbers mean he must have put down somewhere in the neighborhood of $50 or $60 per point. Aulani was selling at $200 PP in 2021, and the amount financed comes to about $118 PP, or an $80 PP difference. Incentives would have brought that $200 down maybe $30 PP, based on the contract sizes, so the down payment PP must have been in the $50 range, or $65K if my math is correct.
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