Foreclosure and Marriott Rewards Points

I can no longer pay my Marriott loan payment and maintenance fees due to the loss of my business. I have over 200,000 Marriott Rewards points, some of which were received from the promotion offered when we originally purchased the property two years ago. Assuming the property goes into foreclosure, does Marriott have the right to freeze or close my rewards account and disallow the future usage of those points?

perryj10 wrote:

I can no longer pay my Marriott loan payment and maintenance fees due to the loss of my business. I have over 200,000 Marriott Rewards points, some of which were received from the promotion offered when we originally purchased the property two years ago. Assuming the property goes into foreclosure, does Marriott have the right to freeze or close my rewards account and disallow the future usage of those points?

If you have Marriott Reward points, then by definition your purchase was developer-direct (i.e., not resale). Accordingly, I suspect that the terms and conditions of your ownership (and the consequences of defaulting) are likely clearly addressed in detail within the contract documents which you signed at purchase (copies of which were provided to you at that time, as is required by law). I certainly wouldn't take any "internet advice" (including mine) as neccessarily being accurate as pertains to YOUR contract, which none here have seen...

That much clearly stated, my GUESS (....and that's ALL that it is), is that if Marriott has to undertake the time and legal expense of foreclosure proceedings, they will likely void any and all "bennies" associated with your purchase. If you default on the loan, it's hard to imagine that you can just "keep" the points (although I hope I am mistaken). When someone defaults on a car loan, for comparative example, and the vehicle subsequently gets repossessed, the defaulting borrower doesn't get to keep the stereo or GPS provided as a "perk" or "purchase incentive" by the dealer at time purchase in order to "close the deal".

Short (and purely speculative) summary is --- I certainly wouldn't PLAN on being able to keep or use those "points" in the aftermath of foreclosure proceedings...