Closing Time!!

[kniquy]

Depends on title company. Mine closed as soon as they received all the paperwork

We are *** for our title company

 

[jillmc40]

When you are waiting for points to be loaded, do you check every day, or do they send you an email? I don't know why I care...I'm not planning a vacation in the next couple of days, but I just keep checking like a nut!

 

[mickeyman]

When you are waiting for points to be loaded, do you check every day, or do they send you an email? I don't know why I care...I'm not planning a vacation in the next couple of days, but I just keep checking like a nut!

You will get a letter in the mail with your member number. Then you can call and access your account

 

[ktmo]

They've been (***) telling me I'd have my closing docs this week or next for the last almost 3 weeks now. It's beyond frustrating.

I just got my closing documents. This was after weeks of hearing the same thing. Fingers crossed that you get yours soon.

 

[jillmc40]

You will get a letter in the mail with your member number. Then you can call and access your account

I'm adding on, so I thought it would just magically appear one day on my account

 

[mickeyman]

I'm adding on, so I thought it would just magically appear one day on my account

Then they should just show up on account

 

[Kevin Hayes]

My ROFR was submitted on 10/30 after signing the contact with me and my wife's name on it. I was reading the threads on this site regarding only the people on the deeds can use the DVC membership and the benefits from it. I am thinking about putting our children on the deed also (both over 18) so they can get some on the benefits, however, most likely they would not go to WDW without us. If I do this, I was told that we need to wait until the contract goes through the ROFR process before doing a new contract with the additional names. Questions: After the contract change will it have to go back through ROFR again? What would be the delay? Is this a good idea to put the children on the deed (for benefit reasons or other reasons)? Is there a limit of the number of members (names on deed) on one contract?

 

[girli565]

I just got a call from TTS about our closing docs. He said they were sent to them from *** for review. He called to confirm our lender change from Monera to timeshare lending. He said the docs should be sent to me within 48 hours. We passed ROFR back on 9/23/15. It's been forever!

So we got our closing docs via email an hour ago and the lender or *** screwed up one of the forms and has our last names wrong. I emailed them right away (I don't want to delay this any longer so I was printing and signing everything ASAP and heading to the bank for a cashier's check today) when I caught the mistake.

UGH! I also cc'd my broker at TTS and he responded right away saying this could cause a delay because he believes the form is from the lender and they have to correct it, not ***.

 

[mickeyman]

I would email your lender as well or try to call them

 

[ustasmom]

So we got our closing docs via email an hour ago and the lender or *** screwed up one of the forms and has our last names wrong. I emailed them right away (I don't want to delay this any longer so I was printing and signing everything ASAP and heading to the bank for a cashier's check today) when I caught the mistake.

UGH! I also cc'd my broker at TTS and he responded right away saying this could cause a delay because he believes the form is from the lender and they have to correct it, not ***.

Was it wrong on your TILA?

 

[girli565]

Was it wrong on your TILA?

No, I made sure everything was correct on that.

I would email your lender as well or try to call them

already did. They've emailed me back and have sent the corrected form to ***, now I wait for *** to send it to me. I know they're busy but that's something they should have caught.

 

[Kevin Hayes]

Historically, is there a particular day(s) of the week that Disney announces their decision whether they will/will not exercise the ROFR option? Do they ever make decisions on the weekend?

 

[mickeyman]

No, I made sure everything was correct on that.
already did. They've emailed me back and have sent the corrected form to ***, now I wait for *** to send it to me. I know they're busy but that's something they should have caught.

It seems most of these title companies are closed on the weekends so I wouldn't expect your papers back until monday

 

[DisBuckMan]

Historically, is there a particular day(s) of the week that Disney announces their decision whether they will/will not exercise the ROFR option? Do they ever make decisions on the weekend?

Monday, Wednesday, and Friday seem to be by far the most active days for ROFR. No weekend activity.

 

[ktmo]

So we got our closing docs via email an hour ago and the lender or *** screwed up one of the forms and has our last names wrong. I emailed them right away (I don't want to delay this any longer so I was printing and signing everything ASAP and heading to the bank for a cashier's check today) when I caught the mistake.

UGH! I also cc'd my broker at TTS and he responded right away saying this could cause a delay because he believes the form is from the lender and they have to correct it, not ***.

Oh, no. I am sorry about the delay. I hope you get it fixed quickly. I went back and checked my closing documents, just to make sure mine were right.

 

[girli565]

It seems most of these title companies are closed on the weekends so I wouldn't expect your papers back until monday

Yeah, I wasn't expecting it after 5pm Friday. I already received an email from *** this morning that they are requesting the form from the lender again. What's weird is that I got an email from the lender Friday at 4pm that they resent the corrected document already. I'm very disappointed in this portion of the resale process, whether it's the title company or the lender, this is something that should have been caught before documents were sent to me.

Oh, no. I am sorry about the delay. I hope you get it fixed quickly. I went back and checked my closing documents, just to make sure mine were right.

Definitely check just to verify it's correct.

 

[ustasmom]

Yeah, I wasn't expecting it after 5pm Friday. I already received an email from *** this morning that they are requesting the form from the lender again. What's weird is that I got an email from the lender Friday at 4pm that they resent the corrected document already. I'm very disappointed in this portion of the resale process, whether it's the title company or the lender, this is something that should have been caught before documents were sent to me.
Definitely check just to verify it's correct.

I would tend to think that this might be an easy fix. It isn't as though they gave the wrong names to Disney for ROFR/estoppel. This should be a few keystrokes and new paperwork coming out.

 

[girli565]

I would tend to think that this might be an easy fix. It isn't as though they gave the wrong names to Disney for ROFR/estoppel. This should be a few keystrokes and new paperwork coming out.

I'm sure it is, lol, which is why I'm bothered. Something so simple being overlooked.

 

[RaymOOOnd]

This part of the process is crummier than expected, indeed. My BLT contract recently closed right on time, but the AKV contract with its stated closing date of 10/31 is still awaiting the closing documents from the seller. It's worth mentioning that this was a delayed closing, and that resale prices have gone up considerably during the half-year delay (a similar contract now would run me 3-4k more).

I was really hoping this wouldn't get ugly. Inquiries to both the title and resale companies are met with "we will contact the seller". Just waiting one more week before seeking legal counsel, I suppose.

Has anyone else been in this boat? Having loitered around here for nearly a year, I'm a bit surprised I haven't heard more reports of this type of thing (i.e. sellers deciding at the time of a delayed closing that they'd just rather not).

 

[AmyKat]

Offer made - 9/3
Offer accepted - 9/4
Submitted to ROFR - 9/8
Passed ROFR - 9/25
Received closing docs - 10/13
Closing docs returned/payment made - 10/16
Title Co received closing docs - 10/19
Seller signed deed - 11/3
Broker received deed - 11/13
Deed recorded & showing on OC site - 11/17

This is our first contract, so we're waiting on Disney to set up our membership account, right? Any idea how long that normally takes? Is that one of the steps where I can call and get information more quickly than just waiting on the mail?

Thank you!