Closing Time!!

B16crx · May 6, 2015

The sellers had to come up with the funds for the current years dues so it took almost 3 weeks for them to get everything in to the closing company. Then the title company took their time sending everything off to Disney. I know there has been a lot of resale activity lately so I'm assuming thats why there was a delay as well.

Here is our timeline:
Sent to ROFR on 2/10
Passed on 3/9
Got closing documents on 4/3
Title company received our documents and funds on 4/6
Closed on 5/4
Hoping for a membership number and login by 5/20

wallygirl · May 6, 2015

B16crx said:
We finally closed Monday 5/4 after sending in our docs in on 4/3. It feels like this has taken forever, but the end is in sight.

Was there a delay on the sellers' end that caused the closing to take a month? You really have had your patience tested!

ghenghy · May 6, 2015

Here is our timeline:
Sent to ROFR on 2/12
Passed on 3/9
Got closing documents on 4/3
Title company received our documents and funds on 4/6
Title company received sellers documents on 4/29
We are still waiting on our deed to show up on the OC site... I never thought the process would take 3 months, but at least it looks like we are nearing the end.

BrittanyLynn · May 6, 2015

ghenghy said:
Here is our timeline:
Sent to ROFR on 2/12
Passed on 3/9
Got closing documents on 4/3
Title company received our documents and funds on 4/6
Title company received sellers documents on 4/29
We are still waiting on our deed to show up on the OC site... I never thought the process would take 3 months, but at least it looks like we are nearing the end.

Oh my goodness....the seller took FOREVER. I'm sorry! I hope you get access to your account sooner than later.
I'm just being nosy on this board. I am still in ROFR (sent on 5/1).

ckb_nc · May 6, 2015

My seller is in England - I passed 3/12 and I still do not have seller docs as of 5/2 (mine where in before 4/15). So this is going to be a while still. Starting to lose patience on my end.

BrittanyLynn · May 6, 2015

ckb_nc said:
My seller is in England - I passed 3/12 and I still do not have seller docs as of 5/2 (mine where in before 4/15). So this is going to be a while still. Starting to lose patience on my end.

Wow, that is a long wait. So far my seller is on top of things and really responsive. He is in the US. I stalked the Comptroller Office to see more info on the seller. I made sure he was the only one on the paperwork. I have seen issues where people forgot their significant other was on theirs! I'm sure your ready to book ASAP.

NicRic · May 6, 2015

Our sellers were from the UK and it took them longer to get their docs in as well. And they forgot one so had to wait for that but we closed the day the title company recieved it 5/4. And our deed was recorded on the site the next day 5/5. Now just have to wait and start calling member services in a few days!!!

DisMom829 · May 7, 2015

Here is our timeline:
Sent to ROFR on 3/3
Passed on 3/25
Got closing documents on 5/6; overnighted my part back, title co should receive 5/7. Now to wait on sellers, hope they are fast at returning their part!

Title company has been excellent to work with, couldn't have asked for a better agent.

NicRic · May 7, 2015

Here is our timeline:
Sent to ROFR 2/19
Waived 3/16
Final docs recieved 4/21
Final docs and $ delivered to title company 4/28
Sellers docs delivered 5/4
Closed 5/4
Deed recorded 5/5
Member number???? Waiting

NicRic · May 7, 2015

B16crx said:
The sellers had to come up with the funds for the current years dues so it took almost 3 weeks for them to get everything in to the closing company. Then the title company took their time sending everything off to Disney. I know there has been a lot of resale activity lately so I'm assuming thats why there was a delay as well.

Here is our timeline:
Sent to ROFR on 2/10
Passed on 3/9
Got closing documents on 4/3
Title company received our documents and funds on 4/6
Closed on 5/4
Hoping for a membership number and login by 5/20

Just closed same day 5/4 can't wait to get my membership number!

Lakegirl · May 7, 2015

NicRic said:
Just closed same day 5/4 can't wait to get my membership number!

So happy for you!!!

Hogzilla · May 8, 2015

Our timeline:
Sent to ROFR 3/1
Waived 3/24
Final docs received 4/28
Final docs and $ delivered to title company 4/30
Sellers docs delivered 5/6
Closed 5/7
Deed recorded 5/8 (68 days and counting to this point)
Member number and points ...... just around the corner!

:hourglass

BrittanyLynn · May 8, 2015

Hogzilla said:
Our timeline:
Sent to ROFR 3/1
Waived 3/24
Final docs received 4/28
Final docs and $ delivered to title company 4/30
Sellers docs delivered 5/6
Closed 5/7
Deed recorded 5/8 (68 days and counting to this point)
Member number and points ...... just around the corner!

Congrats to you!!! You will be booking in no time!

Mvtracey · May 10, 2015

We have been waiting for our closing documents since April 3!!! does this not sound crazy to anyone else??
We passes rofr on april2 , disney took the full time to pass it...now waiting for closing papers , i', starting to think this is not going to happen !
Has anyone else had this happen??
I have bought resale before and it never took this long. We are using the time share store....not loving it.
I can't imagine how long to closing papers are going to take ??

Lakegirl · May 10, 2015

Yes there is a thread called Come on ESTOPPEL there are a bunch of us in the same boat as you. Nobody understand why Disney is suddenly taking so long for thus process.

Hogzilla · May 10, 2015

Mvtracey said:
We have been waiting for our closing documents since April 3!!! does this not sound crazy to anyone else??
We passes rofr on april2 , disney took the full time to pass it...now waiting for closing papers , i', starting to think this is not going to happen !
Has anyone else had this happen??
I have bought resale before and it never took this long. We are using the time share store....not loving it.
I can't imagine how long to closing papers are going to take ??

You're actually waiting on estoppel, which lately is taking around 5 weeks. You should be past that any day now.... then a week or so to get it closed and 2 more weeks to get your member number. Hang in there.

We used the TSS and we were 68 days from sending it to ROFR to Close. It went smooth other than the long waits imposed by Disney.

Mvtracey · May 10, 2015

Oh thank you for the feed back , i was being to think i was in trouble

Cause i really want this new contract. I'll search for the estoppel thread. Thank you!

DisMom829 · May 11, 2015

Here is our timeline:
Sent to ROFR on 3/3
Passed on 3/25
Got closing documents on 5/6; overnighted my part back same day
Confirmation of my docs rcvd by title co 5/7
Waiting on sellers, hope they are fast at returning their part.

I've overnighted everything just to ensure prompt receipt. When we started this our closing date was 5/5/15. Not even a hint of a potential closing date right now. My hopes for a November DVC stay are diminishing every day. I am in complete turmoil as to whether I should just book a cash room and get the free dining for November; or hold out for who knows how much longer and risk loosing getting either type of room (cash or DVC). Patience was not a virtue I was blessed with. :guilty:

We are now on day 64 of the waiting game.....This may very well take 3 months to complete. :hourglass

DWorldOrBust · May 11, 2015

Mvtracey said:
We have been waiting for our closing documents since April 3!!! does this not sound crazy to anyone else??
We passes rofr on april2 , disney took the full time to pass it...now waiting for closing papers , i', starting to think this is not going to happen !
Has anyone else had this happen??
I have bought resale before and it never took this long. We are using the time share store....not loving it.
I can't imagine how long to closing papers are going to take ??

Unfortunately the Broker has zero control over the long wait times imposed by Disney. It's disappointing that Disney is taking so long on everything. It will all be worth it in the end. :flower1:

ghenghy · May 11, 2015

Here is our (updated) timeline:
Sent to ROFR on 2/12
Passed on 3/9
Got closing documents on 4/3
Title company received our documents and funds on 4/6
Title company received sellers documents on 4/29 (delay due to illness)
Deed recorded 5/11
Now the wait starts for the member number and points showing in the account.

89 days and counting!

Closing Time!!

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