Come on Estoppel!!!!

supersnoop · May 21, 2015

wallygirl said:
I guess we were confused because on the closing board people are getting their closing docs the next day after passing estoppel and overnighting the funds or signing the lender info and overnighting the forms back. Then its 8-10 for OCC and 10-12 for DVC to give member info. We were assured by the selling agent that once we passed estoppel we would receive everything immediately (closing in docs was 5/26). Just don't want to lose the banked points that we need to use by the end of July. ON THE OTHER HAND I totally understand there are real issues in the world and I just need to relax. If we lose the points we still got a great price per point on a low point contract (100 SSR $75/pt).

"Closing" occurs when all the documents are returned. You should get your documents a day or two after estoppel. Recording on the OCC site and getting your member number all come after closing.

wallygirl · May 21, 2015

supersnoop said:
"Closing" occurs when all the documents are returned. You should get your documents a day or two after estoppel. Recording on the OCC site and getting your member number all come after closing.

I've talked to the broker and the title company, both said we will get the initial documents the first week in June. On this board and others I am checking everyone seems to get the closing documents within a day or two after estoppel; according to the title company and broker we are not going to get any documents until the first week in June and then will still have to wait for the actual closing. I don't understand why this is different from others.

hopeful4fl · May 21, 2015

wallygirl said:
I've talked to the broker and the title company, both said we will get the initial documents the first week in June. On this board and others I am checking everyone seems to get the closing documents within a day or two after estoppel; according to the title company and broker we are not going to get any documents until the first week in June and then will still have to wait for the actual closing. I don't understand why this is different from others.

There are 3 reasons that could initiate a delay:
1> International seller, needing an appt. at the US Embassy to get docs notarized
2> Seller not being able to close before June, due to a vacation they have yet to take on the points (though why that would clear Estoppel I do not know)
3> Seller asking for a specific closing date

The Agent and Title company are getting paid for the services they provide and in my opinion should be available to field your queries. I saw in some thread some really bad experiences by members, but my suggestion would still be to demand over communication.

sawkam · May 21, 2015

Here's my update...

Passed ROFR 4/19
Notified that estoppel received 5/20
Received closing doc's 5/21

ffwillie · May 21, 2015

We got a call from our broker today and the good news is it looks like we made it through the estopple process, the bad news is the contract had the wrong use year on it. Nobody, including me caught it. The title company was the first to notice; yes Disney passed it. I have no idea what happens now. The broker sent an email asking us to reply saying we understood which use year we were purchasing and that we would like to proceed with closing, which I have done.

It seems like as a contract matter it would have to run the whole process again, but I am certainly hoping this is not the case. Does anyone have any experience with something like this? I still don't have any documents. It sounded like we would be moving forward but legal stuff seems to worry about smaller things than use year's so I am a bit concerned.

Tarzan513 · May 21, 2015

Alright! My broker came through on her word and sent the closing docs over tonight. They are filled out and ready to be sent back tomorrow. So, ROFR 4/20 and closing docs 5/21. Best of luck to everyone that is still waiting.

Toniann966 · May 21, 2015

Tarzan513 said:
Alright! My broker came through on her word and sent the closing docs over tonight. They are filled out and ready to be sent back tomorrow. So, ROFR 4/20 and closing docs 5/21. Best of luck to everyone that is still waiting.

Toniann966 said:
I'm getting more upset as I read some of these posts. We passed rofr on 4/7. Way before some on here, yet have not received any closing docs? Who is your broker?
I was unsure when I had heard my broker used tt&more. I haven't read favorable comments about them.

update: I emailed my broker yesterday and reminded him that when I emailed him last week, he assured me that the title company had just received a batch prior to my rofr (4/7) and that mine would be within 2-3 days. So it is now 7 days later and I have been seeing people on here who passed rofr AFTER me and have received papers. He agreed that I should have them and said he would contact title company. That afternoon I received the papers via email as well as a call from the title company. Her opening statement to me - " well your broker said you were getting a bit anxious". ANXIOUS???? I just wanted to tell her a few things, but I held my tongue. My broker needs to find a different title company. Anyway, I have my papers and will head to bank in the am.

allison plevrakis · May 22, 2015

wallygirl said:
Yikes! Hoping some pixie dust floats your way soon. Which broker did you use?

Timeshare Broker Sales - Broker
Timeshare Title and More - Title

VERY DISAPPOINTED IN BOTH

We passed estoppel and received our closing docs on 5/6, since then we have been told the contract goes back to Disney and when I challenged them, I got no response as to why it had to go back to Disney and then they told my husband I'm annoying and if I continue to call I'll be fired as a client.

allison plevrakis · May 22, 2015

Toniann966 said:
update: I emailed my broker yesterday and reminded him that when I emailed him last week, he assured me that the title company had just received a batch prior to my rofr (4/7) and that mine would be within 2-3 days. So it is now 7 days later and I have been seeing people on here who passed rofr AFTER me and have received papers. He agreed that I should have them and said he would contact title company. That afternoon I received the papers via email as well as a call from the title company. Her opening statement to me - " well your broker said you were getting a bit anxious". ANXIOUS???? I just wanted to tell her a few things, but I held my tongue. My broker needs to find a different title company. Anyway, I have my papers and will head to bank in the am.

Toniann, you're dealing with Timeshare Title and More correct? My guess is that you passed estoppel the same day we did and it just sat on a desk somewhere. When we found a seller and set up the initial agreement our contract didn't get sent to Disney for the ROFR until 2.5 weeks after it was signed. I remember calling them in Feb before we left on vacation to make sure they didn't need anything from us before we left for a week and they assured us everything was good. A week after we returned from vacation I called to check in and found out that the RE agent thought the title company sent it and the title company thought the RE sent it, neither parties did. No one wanted to admit fault and then they told me they'd have Disney expedite the process. Which I think we all know you can't make Disney do anything. But not knowing any better I believed them and figured we'd breeze through the ROFR. I feel I have to check up on them since they dropped the ball early in the process but now I'm not allowed to because they threatened to fire me as a client.

Toniann966 · May 22, 2015

allison plevrakis said:
Toniann, you're dealing with Timeshare Title and More correct? My guess is that you passed estoppel the same day we did and it just sat on a desk somewhere. When we found a seller and set up the initial agreement our contract didn't get sent to Disney for the ROFR until 2.5 weeks after it was signed. I remember calling them in Feb before we left on vacation to make sure they didn't need anything from us before we left for a week and they assured us everything was good. A week after we returned from vacation I called to check in and found out that the RE agent thought the title company sent it and the title company thought the RE sent it, neither parties did. No one wanted to admit fault and then they told me they'd have Disney expedite the process. Which I think we all know you can't make Disney do anything. But not knowing any better I believed them and figured we'd breeze through the ROFR. I feel I have to check up on them since they dropped the ball early in the process but now I'm not allowed to because they threatened to fire me as a client.

Yes. I am dealing with tt&more . I am using a different broker than you are. DVCResaleMarket market. I really like my broker and have recommended them to a friend. I would not hesitate to use them again. But the title company, I think needs some improvements. I guess I was fired from my original agent from the title company because the person that I spoke with yesterday and is now handling my acct. is different from the person who was on previous correspondence. I'm not sure about the sitting on desk as I received estoppel 30 days after it was sent.
I was in Florida for the February break and happened to be staying at the resort that I am buying into, so I emailed my broker and asked if there was any update. ( at that point I was checking my email every hour).
He was very kind and reminded me that it wasnt quite 30 days yet, but would check. He got right back to me, but there was no news. 2 days later , on the 30 day mark, I received the great news.
I do think the title company is the problem, although there have been a lot of resales. I just sent in my paperwork this morning. Along with the check. Because it is a holiday weekend ( and the person at the title company outright told me she was not coming in on Monday), I sent it priority so it will get there Tuesday. I hope I don't get the story of how it now has to be resent to disney.

3pletprincesses · May 22, 2015

wallygirl said:
Good to know for when addonitis strikes!

If you are wanting to finance however, Monera will not deal with them. I've learned the hard

lovin'fl · May 22, 2015

allison plevrakis said:
Timeshare Broker Sales - Broker
Timeshare Title and More - Title

VERY DISAPPOINTED IN BOTH

We passed estoppel and received our closing docs on 5/6, since then we have been told the contract goes back to Disney and when I challenged them, I got no response as to why it had to go back to Disney and then they told my husband I'm annoying and if I continue to call I'll be fired as a client.

It does go back to Disney for them to transfer the points from the seller to you.
Edit to add: I see you haven't closed yet...then there was a mistake made on the contract and you are back in ROFR???? If that's the case you have the right to be livid.

pangyal · May 22, 2015

3pletprincesses said:
If you are wanting to finance however, Monera will not deal with them. I've learned the hard

Monera deals with Magic Vacation Title, who has been very smooth and capable in all of the dealings we've had with them. I did learn that if you are using a broker that is not one of the "big five", you have to let them know that you want to deal with *** before you apply with Monera to make sure things go smoothly.

I wonder how long we will wait for Estoppel on our April 29 ROFR passed contract. I'm guessing another two weeks at least? Sigh.

ParkHoppers · May 22, 2015

What title company does Timeshare Store use and how have they been for speed and reliability.thanks in advance.

supersnoop · May 22, 2015

ParkHoppers said:
What title company does Timeshare Store use and how have they been for speed and reliability.thanks in advance.

I can't say specifically for the Timeshare Store, but Fidelity used two different title companies when I bought two contacts through them only 4 months apart. I don't think they always use the same one.

Regardless, the title company is really the least of your worries. They receive the estoppel and send you the closing paperwork. When they get all the paperwork back, they close and send the documents to be recorded. Neither of those steps should take any title company more than two days. I wouldn't be worried about which title company they use.

allison plevrakis · May 22, 2015

UGHHH, we just heard from our sellers that the notary missed a page in the closing docs and now they have to get the docs back to have them notarized again. The broker nor title agency relayed this information, the seller texted us tonight apologizing. I cannot believe how screwed up this entire process has been. We're now on day 99 : (

allison plevrakis · May 22, 2015

lovin'fl said:
It does go back to Disney for them to transfer the points from the seller to you.
Edit to add: I see you haven't closed yet...then there was a mistake made on the contract and you are back in ROFR???? If that's the case you have the right to be livid.

No mistake on contract, Timeshare Title and More has a policy that they send the contract back to Disney after estoppel one last time to ensure no points were used. They said it was a courtesy to the seller. They said it would take 5-10 days for Disney to confirm, then we could close. Our closing docs have been signed, the money has been wired, the sellers returned their docs.

wallygirl · May 25, 2015

allison plevrakis said:
Timeshare Broker Sales - Broker
Timeshare Title and More - Title

VERY DISAPPOINTED IN BOTH

We passed estoppel and received our closing docs on 5/6, since then we have been told the contract goes back to Disney and when I challenged them, I got no response as to why it had to go back to Disney and then they told my husband I'm annoying and if I continue to call I'll be fired as a client.

I am so sorry that you have been treated so unprofessionally. Any good news over the weekend?

wallygirl · May 25, 2015

3pletprincesses said:
If you are wanting to finance however, Monera will not deal with them. I've learned the hard

Will not deal with whom? And why?

wallygirl · May 25, 2015

pangyal said:
Monera deals with Magic Vacation Title, who has been very smooth and capable in all of the dealings we've had with them. I did learn that if you are using a broker that is not one of the "big five", you have to let them know that you want to deal with *** before you apply with Monera to make sure things go smoothly.

I wonder how long we will wait for Estoppel on our April 29 ROFR passed contract. I'm guessing another two weeks at least? Sigh.

We're dealing with Fidelity (big 5?), Monera, and ***. Cleared estoppel on Wednesday and we still don't have any documents.

Come on Estoppel!!!!

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