Anyone made it through (or not made it through) ROFR recently? - Section V

[AppleDisneyDad]

Wow, they seem to be inconsistent with the ROFR on SSR contracts. I haven't seen any activity on AKL being ROFR'd lately so I am crossing my fingers my contract goes through, but it is a Dec UY and has banked 2011 points...we will find out next Tues/Wed.

We made it through this week with all 2012 pts. Have faith...

 

[Sandisw]

Our BLT contract closed today!!! Hopefully, it won't take that long for them to load the points into our membership. Offer made on January 27th, sent to ROFR on January 28th, passed ROFR February 26th, received closing documents on March 5th, and closed today, March 14th. 46 days from offer to ownership!!!

 

[bobbiwoz]

Our BLT contract closed today!!! Hopefully, it won't take that long for them to load the points into our membership. Offer made on January 27th, sent to ROFR on January 28th, passed ROFR February 26th, received closing documents on March 5th, and closed today, March 14th. 46 days from offer to ownership!!!

Congratulations!

They did take a long time deciding that one.

 

[Sandisw]

Congratulations!

They did take a long time deciding that one.

I know...I was nervous but so happy to have it!!!

 

[dbs1228]

Our BLT contract closed today!!! Hopefully, it won't take that long for them to load the points into our membership. Offer made on January 27th, sent to ROFR on January 28th, passed ROFR February 26th, received closing documents on March 5th, and closed today, March 14th. 46 days from offer to ownership!!!

Congrats! What a relief! I feel like I have been waiting a month and its only been 10 days! March has always been a long month for me - I think I made it worse this year

Keep us posted as to how long it takes to get the points loaded!

 

[DrMomof3]

The BCV contract that we are trying to buy went to Disney today. I think it'll be a LONG month of waiting!

Amanda

 

[ottawagreg]

We have survived the ROFR gauntlet at the House of Mouse! After losing out on our first attempt, we were fortunate to have Mickey wave his right to purchase the contract. Our new "home" is at the VWL. The contract went to ROFR on 02/16 and we received notice that we are confirmed for closing on 03/12. It was 150 points at $60, UY is June. All 150 points allocated for 2014 available. The last week I was thinking that we might not pass ROFR, but all that is done now and we feel blessed to have this in place going forward.

 

[bobbiwoz]

We have survived the ROFR gauntlet at the House of Mouse! After losing out on our first attempt, we were fortunate to have Mickey wave his right to purchase the contract. Our new "home" is at the VWL. The contract went to ROFR on 02/16 and we received notice that we are confirmed for closing on 03/12. It was 150 points at $60, UY is June. All 150 points allocated for 2014 available. The last week I was thinking that we might not pass ROFR, but all that is done now and we feel blessed to have this in place going forward.

Congratulations!

We own 7 resorts, but VWL is absolutely our favorite!

 

[Chokky]

Disney took our contract and took over 30 days to decide to take it on ROFR.

BCV 150 points loaded with Oct UY at $70 a point.

Sad now.

Chokky

 

[disfanforlife]

The BCV contract that we are trying to buy went to Disney today. I think it'll be a LONG month of waiting!

Amanda

That is good news!! Hope the month goes quickly for us both!

 

[ozzie2131]

Disney exercised its rofr on my bwv contract 150pts 55per march all 2013points. Bad disney.

 

[dbs1228]

Disney exercised its rofr on my bwv contract 150pts 55per march all 2013points. Bad disney.

Very bad Disney! When did your contract get submitted?

I expect the same and have seen some other contracts I would have liked to try for but I can't - until I hear! There is a part of me that is thinking about waiting a month or 2 and see what happens with the market if I can hold out - I think we had bad timing!

 

[kkolbusz1]

I can feel the ulcer forming & i haven't even signed the papers. Ive been informed ill get them by tomorrow & im assuming they wont go to rofr until mon? I know there's no method to the madness but Out of all the Ssr ones that passed (i think there's 78, i quickly skimmed, could b more) only 5 have as many or pd more than what we offered. Majority have banked points as well. We are paying $63, 138-2012 150-sept uy. Do we have a pretty good fighting chance? Before we offered one of the reps said theyve been consistently passing from $61-$66, but last wk a $55, $57 & $58 & 1 $ 63 got taken. I need some hope. I sure hope things dont get ugly after the 20th.

 

[bobbiwoz]

I can feel the ulcer forming & i haven't even signed the papers. Ive been informed ill get them by tomorrow & im assuming they wont go to rofr until mon? I know there's no method to the madness but Out of all the Ssr ones that passed (i think there's 78, i quickly skimmed, could b more) only 5 have as many or pd more than what we offered. Majority have banked points as well. We are paying $63, 138-2012 150-sept uy. Do we have a pretty good fighting chance? Before we offered one of the reps said theyve been consistently passing from $61-$66, but last wk a $55, $57 & $58 & 1 $ 63 got taken. I need some hope. I sure hope things dont get ugly after the 20th.

It seems to me that you should be safe. You would have 138 to use before September, so that's not "loaded" no banked points and a high enough price.

 

[nunzia]

Isn't ROFR only supposed to last 30 days max? Submitted 2/14 and nothing heard yet..(of course with Feb being a short month its been less than 30 days so I guess we'll hear soon?) At this point I don't know what I wish since I got my waitlist VGC, and already used them and paid for them.

 

[puffkin]

I can feel the ulcer forming & i haven't even signed the papers. Ive been informed ill get them by tomorrow & im assuming they wont go to rofr until mon? I know there's no method to the madness but Out of all the Ssr ones that passed (i think there's 78, i quickly skimmed, could b more) only 5 have as many or pd more than what we offered. Majority have banked points as well. We are paying $63, 138-2012 150-sept uy. Do we have a pretty good fighting chance? Before we offered one of the reps said theyve been consistently passing from $61-$66, but last wk a $55, $57 & $58 & 1 $ 63 got taken. I need some hope. I sure hope things dont get ugly after the 20th.

I don't think there is a rhyme or reason. We got through in Feb with a $48 SSR, where others get pulled at much higher prices. The good thing about SSR is there is so much inventory, it shouldn't take long to find another contract you like if this one gets taken.

 

[DrMomof3]

Reading about all the contracts that Disney has taken recently, I'm a little nervous now. But I figure there's nothing I can do about it anyway so we just have to go with the flow and see what happens!

Amanda

 

[zippingalong]

Faxed back the contract today.

HHI 210 points. June UY.
39 banked '12s and all forward.
Buyer pays closing and fees (Fidelity)

$41 per point. With all fees, it comes out to $45 and change.
We shall see about this one.

Disney bought my contract back today.

 

[psac]

Isn't ROFR only supposed to last 30 days max? Submitted 2/14 and nothing heard yet..(of course with Feb being a short month its been less than 30 days so I guess we'll hear soon?) At this point I don't know what I wish since I got my waitlist VGC, and already used them and paid for them.

I would call your broker. Hopefully someone can verify, but I was under the impression that they did have only 30 days to legally invoke their right.

 

[AppleDisneyDad]

Has anyone seen a cash flow analysis of ROFR from Disneys point of view anywhere in these boards? I think that there are cash implications based on who (buyer or seller) pays maintenance fees but I am sure that I am not the first to ask this. Can someone throw me a link?