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Closing Time!!

supersnoop said:
Closing shouldn't take more than two days. You're at least three weeks past when I would have started calling to figure out what's wrong.

Who's your broker? One other person has said that their broker checks back with Disney before closing, but that's something we've never experienced (at all, anyone on this forum). I'd be raising hell.
Click to expand...
You can't raise hell with them, they don't return emails or calls. When you do get through they threaten to fire you as a client because you're "annoying". Its amazing they are still in business.
 
We sold our AKV through timeshare title & more....they sent the closing documents to the wrong email address. They were horrible! We bought BWV using magic vacation title. very professional great communication. from start to finish it was a month faster buying the BWV. that will definitely be a factor if/when we buy another contract
 
Closing docs were executed by buyer and seller and all paperwork was received by the title company (TT&M) on May 12. Still waiting to officially close...
 
I am impatiently waiting for my sellers to get their docs mailed back. It's been a 7 days now and nothing. I know it's not long, but I'd think they'd want to get every thing done so they can get their money (unless they owe?)
Does anyone know how much the title agent is allowed to tell me about any hold up? I've emailed a couple times (Nancy at ***) but just get short responses about not getting anything back yet. I just want to know if there's a hold up or some sort or even if she knows if they've been mailed.
I was moving right along, too:
sent to Disney 3/23
Passed Rofr 4/18
Closing docs received 5/19
returned mine right away and rec'd 5/20... but still waiting on sellers :(
Ugh!
 


playjar said:
I am impatiently waiting for my sellers to get their docs mailed back. It's been a 7 days now and nothing. I know it's not long, but I'd think they'd want to get every thing done so they can get their money (unless they owe?)
Does anyone know how much the title agent is allowed to tell me about any hold up? I've emailed a couple times (Nancy at ***) but just get short responses about not getting anything back yet. I just want to know if there's a hold up or some sort or even if she knows if they've been mailed.
I was moving right along, too:
sent to Disney 3/23
Passed Rofr 4/18
Closing docs received 5/19
returned mine right away and rec'd 5/20... but still waiting on sellers :(
Ugh!
Click to expand...
I think it depends on how much they want to tell you. With our AKL contract, we dealt with Cammie at First American Title. She kept us in the loop at every step, including letting us know that she had leaned on the sellers to get an earlier appointment with the notary in order to keep things moving along. Other title companies have been flat out unresponsive from what I've read, so it just depends on who you get.
 
playjar said:
I am impatiently waiting for my sellers to get their docs mailed back. It's been a 7 days now and nothing. I know it's not long, but I'd think they'd want to get every thing done so they can get their money (unless they owe?)
Does anyone know how much the title agent is allowed to tell me about any hold up? I've emailed a couple times (Nancy at ***) but just get short responses about not getting anything back yet. I just want to know if there's a hold up or some sort or even if she knows if they've been mailed.
I was moving right along, too:
sent to Disney 3/23
Passed Rofr 4/18
Closing docs received 5/19
returned mine right away and rec'd 5/20... but still waiting on sellers :(
Ugh!
Click to expand...
We also had Nancy from *** and her replies are short, but up to the point. At the same time, I was never in doubt as to where the hold up was, but I was tag teaming along with the Agent (who in my case was the Sellers agent too). I actually found Nancy to be of tremendous value, when asking questions about the process and help answer specifics about the paperwork I was signing.
I would actually lean on your Agent (who should be in contact with the Seller as to where they are in the process). From what I have heard and in my case seen, the possible delays could be:
1> Seller is unavailable due to a vacation
2> Seller is trying to find time to get to a notary
3> International seller (was my case) is trying to get an appt. at the US Embassy to get to a US notary
4> Seller owes on the contract and is trying to get the funds together.

Of all these, I would venture to guess that the #4 is the only one that the Agent or the Title company may not want to disclose.

In any case, you are VERY close to the end. Hang in there and hope you get your vacation booked soon :)
 
Thank you! I should have added, my sellers are from Illinois, so not international. My guess is delay getting to a notary, but aren't they available at most banks?
Here's hoping today's the day!!
 


playjar said:
I am impatiently waiting for my sellers to get their docs mailed back. It's been a 7 days now and nothing. I know it's not long, but I'd think they'd want to get every thing done so they can get their money (unless they owe?)
Does anyone know how much the title agent is allowed to tell me about any hold up? I've emailed a couple times (Nancy at ***) but just get short responses about not getting anything back yet. I just want to know if there's a hold up or some sort or even if she knows if they've been mailed.
I was moving right along, too:
sent to Disney 3/23
Passed Rofr 4/18
Closing docs received 5/19
returned mine right away and rec'd 5/20... but still waiting on sellers :(
Ugh!
Click to expand...
I would definately lean on your broker not Nancy. He should have all the info. There is no reason you can't ask them to inquire with the seller. At least it will make you feel better. I am waiting as well on my sellers, but they were on vacation when the paperwork was mailed out. I inquired immediately as to when they would have their paperwork back and glad I did. Otherwise I would not of known they were on vacation. I then inquired again and found out when the put the documents in with Fed Ex. They are from Canada so it adds some time as well. As with hopeful4fl, I have found Nancy to be very responsive with info that she has. Good Luck!!!
 
Hoping today is the day I hear that the sellers paperwork has been recieved at ***. They send it via Fed Ex on 5/25 from Canada! Accepting any Pixiedust sent my way!!!
 
summabreeze85 said:
Closing docs were executed by buyer and seller and all paperwork was received by the title company (TT&M) on May 12. Still waiting to officially close...
Click to expand...
Summabreeze, did they tell you they send it back to disney after estoppel? They say it takes 5-10 business days, but I've seen other people post it can take up to a month until they hear back. It appears that TT&M is the only title agency that sends it to Disney for a 3rd time. They told me it was a courtesy to the buyer to ensure no points were used. Others informed me that the estoppel is a legal document that locks the contract, so there is absolutely no reason to send it to Disney for points verification after estoppel. I questioned TT&M and got nowhere. We returned our signed docs on 5/7 along with a wire and we still haven't closed.
 
Clotilde said:
Thank you for your answers!
My broker was DVC resale market and Title company: Timeshare Titles and more.... anyway I called because they were not responding to my emails and she told me it was a common thing to check back the points status with disney..... But magically my file happened to be on her desk, on the pile that was supposed to be closed today... she said it will be recorded by tomorrow... I'm now crossing my fingers that it's really the case....!
Click to expand...
Clotilde, did you close? I'm hoping they weren't just telling you what you wanted to hear, they're good at promising things and not following through
 

allison plevrakis said:
Summabreeze, did they tell you they send it back to disney after estoppel? They say it takes 5-10 business days, but I've seen other people post it can take up to a month until they hear back. It appears that TT&M is the only title agency that sends it to Disney for a 3rd time. They told me it was a courtesy to the buyer to ensure no points were used. Others informed me that the estoppel is a legal document that locks the contract, so there is absolutely no reason to send it to Disney for points verification after estoppel. I questioned TT&M and got nowhere. We returned our signed docs on 5/7 along with a wire and we still haven't closed.
Click to expand...
Summabreeze did you see Clotilde's posts, they are dealing with TT&M and all closing docs were received in April and as of yesterday they hadn't closed yet
 
Thanks for the info guys on TT&M. They have never mentioned anything to me about sending it back to Disney a 3rd time. A few months ago I had stuff close with them and there was never this long delay in between them receiving the docs and closing the file. I think it'd be weird for them to start a new part of the process nowadays, esp when they know this process is getting longer and longer.
So I emailed the new closing assistant Wednesday (pm me if you want his info), and he responded in less than 24 hours and immediately closed the file. It's almost like they have a big pile of contracts sitting there and they won't close it until you give them a little kick in the butt! hah
 
ugh! after having financing fall because they didn't want to work with the closing company, rushing and loosing sleep to find the money to be able to close in time, I find out today that all documents have been received and send for closing BUT the seller was asked for further information about her deceased DH this morning and she will need to provide a certified death certificate. Now any guess how long this will take?
 
Over the top excited right now!!! Title Company has Sellers paperwork!!! Here is my timeline so far:
3/6/2015 Made offer
3/12/2015 Sent to Disney for RORF
4/6/2015 Passed RORF
5/13/2015 Passed ESTOPPEL and rcvd Closing Docs
5/20/2015 Title company received my docs (buyer)
5/28/2015 Title company received Sellers Docs
Waiting on Closing
So very very excited to be this close!!!! I can't wait to book my trips!!!
 
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