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

[DougEMG]

Rule No. 1, it's not your contract until the deed has been recorded. Don't get attached until after the sellers return the closing docs.

Good advice.

Most sellers are never as eager to part with their contracts as buyers are to get their hands on their new contract.

Sometimes sellers do change their mind, best just to forget about it and move on. Just keep thinking about all the money you are saving over buying direct.

 

[Joey7295]

Submitted 6/25/13

OKW 220 points February UY - $60/point. 220 banked 2012 points, 220 2013 and all 220 going forward. Seller pays 2013 MFs and closing, buyer pays admin fee.

 

[Joey7295]

Submitted 6/7/13 and ROFR'd on 6/19/13

VB 150 points August UY - $40/point. 150 points beginning in 2014 and going forward. Seller pays 2013 MFs and buyer pays closing.

I was a little surprised Disney took this one.

 

[lovin'fl]

Updated list
http://www.disboards.com/showthread.php?t=3001288&page=162

 

[dbs1228]

I guess this closing was not meant to be. DH has a good outlook - he said we needed more points anyway and this contract was too small of an add on!

Tabatha

I agree there is a reason for this and something better will come along! I had 2 contracts taken by Disney and a seller who decided to up asking price after full price was offered now I am 3 weeks into my 4th contract, the most expensive but the one I am most excited about, the points are perfect, my uy, all 2012 points and forward I hope it passes more then any of the others!

 

[Countryrunner262]

Final timeline:

5/4: Made offer and accepted (150 SSR, all '12 points forward, June UY)
5/5: contracts sent back to TSS
5/6: went into ROFR
6/3: PASSED ROFR
6/4: received closing documents
6/4: sent documents and check via FedEx
6/7: title company notified us that they received all documents and payment and everything looks good
6/12: received email from TSS, Escrow has CLOSED!!!!
6/28:received member number and booked our April 2014 vacation!

57 days total from offer being made until booking our first trip as DVC members!

We are so excited!!!!

 

[magicmonette]

We just closed on 160 AKV Dec UY points at $75 per point, 100 2012 points transferred and all 2013 points available. Split closing costs.

Sent from my iPad using DISBoards

 

[agie65]

Rule No. 1, it's not your contract until the deed has been recorded. Don't get attached until after the sellers return the closing docs.

I am confused, I had the same thinking on this but recently one of my contract is not recorded yet at county web site, they do have paperwork as per closing company, some check clearing issue.

But my contract and points are in my membership and available for reservations, any thought?

 

[lovin'fl]

I am confused, I had the same thinking on this but recently one of my contract is not recorded yet at county web site, they do have paperwork as per closing company, some check clearing issue.

But my contract and points are in my membership and available for reservations, any thought?

Could they have made an error in recording your deed (like wrong name)? Very odd. Maybe the sellers owe money on it.

 

[Missyrose]

I am confused, I had the same thinking on this but recently one of my contract is not recorded yet at county web site, they do have paperwork as per closing company, some check clearing issue.

But my contract and points are in my membership and available for reservations, any thought?

It could be a clerical error. I'd give the title company a call. What I meant with that comment is that people shouldn't start making plans in their head for a contract until the moment the contract has left the seller's hands for good. There are ways for the seller to back out right up until them.

 

[magicmonette]

We just closed on 160 AKV Dec UY points at $75 per point, 100 2012 points transferred and all 2013 points available. Split closing costs.

Sent from my iPad using DISBoards

This was submitted 4/27/13, approved 5/16/13, closed 6/26/13

 

[annmarieda]

Final timeline:

5/4: Made offer and accepted (150 SSR, all '12 points forward, June UY)
5/5: contracts sent back to TSS
5/6: went into ROFR
6/3: PASSED ROFR
6/4: received closing documents
6/4: sent documents and check via FedEx
6/7: title company notified us that they received all documents and payment and everything looks good
6/12: received email from TSS, Escrow has CLOSED!!!!
6/28:received member number and booked our April 2014 vacation!

57 days total from offer being made until booking our first trip as DVC members!

We are so excited!!!!

Very cool!! Congrats!!! I must say I am a tad jealous... we are still in what feels like a forever holding patter. Offer was submitted way make mid to late April. Just curious... how long from the time you received the email saying you closed did you see your deed recorded? Ours has yet to record and it has been a week and a half.

 

[moreisgood]

Very cool!! Congrats!!! I must say I am a tad jealous... we are still in what feels like a forever holding patter. Offer was submitted way make mid to late April. Just curious... how long from the time you received the email saying you closed did you see your deed recorded? Ours has yet to record and it has been a week and a half.

If your deed is not yet recorded, something is wrong. CALL THE TITLE COMPANY and don't feel bad about doing it.

I had a contract close on Friday, 6/21 with TSS and it was recorded on Monday 6/24. That was good! But...

That's when the alarm bells went off for me. I had another contract with Fidelity, that closed 6/12 and still hadn't shown up as recorded, nor did Disney have any record of it. So, for 2 days, I sent multiple e-mails. Yesterday, I started calling anyone I had a phone number for (Broker, various people at the title company). It took all day to find out that Disney had done their part of the paperwork wrong, and my contract was into someone's in bin, at the courthouse, where it had sat for 2 1/2 weeks! Who knows how long it would have sat if I had continued to be patient.

The title company is assuring me that they can fix this on Monday, but I want to use those points to book a November vacation, and not the points that will come through first. And Disney has had the recorded contract for 5 days, but hasn't assigned a member number yet. I'm hoping for next week.

So, I bought 3 contracts - the last one 30 days after the first one. The last one has settled, and is on Orange County's website, the second one is delayed by a Disney/courthouse snafu, and the first one - well, that seller moved overseas, and didn't bother to tell anyone. And no one at the title company tried looking for them for over 30 days, till I called. Still, I'm hopeful about that one.

Would I buy resale again? In a heartbeat. But, you really need to stay on top of these service providers, and don't feel bad at all about bothering anyone.

 

[NoleFan]

Very cool!! Congrats!!! I must say I am a tad jealous... we are still in what feels like a forever holding patter. Offer was submitted way make mid to late April. Just curious... how long from the time you received the email saying you closed did you see your deed recorded? Ours has yet to record and it has been a week and a half.

Yikes!! I would check with your broker. Our 2nd contract- offer submitted 4/22 and we closed the 1st week of June. Points already loaded & member cards received. This was with TSS & Magic Vacation Title. Service was superior & fast. Our first choice for resale.

 

[moreisgood]

Yikes!! I would check with your broker. Our 2nd contract- offer submitted 4/22 and we closed the 1st week of June. Points already loaded & member cards received. This was with TSS & Magic Vacation Title. Service was superior & fast. Our first choice for resale.

I agree - TSS is great! And if I had my choice, I would only deal with them. But, if they don't have the contract you want, you have to look elsewhere.

 

[NoleFan]

I agree - TSS is great! And if I had my choice, I would only deal with them. But, if they don't have the contract you want, you have to look elsewhere.

Very true. However, I think I would rather wait for the right contract with a preferred broker than wait on slow service especially if it were one of my first contracts. Things like that drive me crazy! Just my personal preference.

 

[lovin'fl]

This was submitted 4/27/13, approved 5/16/13, closed 6/26/13

So you've had 3 AKV contracts pass since Jan? I will add this one to the list. Congrats!

 

[Countryrunner262]

Very cool!! Congrats!!! I must say I am a tad jealous... we are still in what feels like a forever holding patter. Offer was submitted way make mid to late April. Just curious... how long from the time you received the email saying you closed did you see your deed recorded? Ours has yet to record and it has been a week and a half.

It was actually the same day. Sorry yours is moving slow.

 

[lorie13]

I agree - TSS is great! And if I had my choice, I would only deal with them. But, if they don't have the contract you want, you have to look elsewhere.

Yes TSS is great but their contracts are higher. Waiting on contract with Fidelity right now, awesome price, but so slow. But willing to trade time for a better price.

 

[agie65]

Could they have made an error in recording your deed (like wrong name)? Very odd. Maybe the sellers owe money on it.

But I got the points loaded in my membership, and I already made reservation on those pts without any problem. Could not even find with sellers name on notices. Last I heard disney did not sent paper waivers, don't know what is going on and title co. Is hardest to deal with no phone or e-mail responses.