Come on Estoppel!!!!

So do they let us know when it's officially closed or how do we know that? Also our closed by date is August 4th, so what happens if it's not closed by then?

Once the documents are received from the seller and the final Disney updates are in, the sale will close. After it closes, it takes Disney about 14 days to transfer the ownership and about 7 days to receive your new member packet in the mail. Once you receive the new member packet, you can start making reservations. Kevin

This is what I received from resales DVC when I asked the same question. I guess we have to check the comptrollers website

http://or.occompt.com/recorder/web/?
 


I was told yesterday that tittle company was told by Disney it's taking about 45 days for estoppel right now. #impatientlywaiting
 


I really wish someone would challenge these delays. The declarations say an estoppel must be provided within 15 days.

Here's the BLT declaration: http://or.occompt.com/recorder/eagl...95.pdf?id=DOC293S21983.A0&parent=DOC293S21983
View attachment 112479

I completely agree with you on wanting to challenge the delays, particularly with ROFR, although Estoppel is important too, especially since there are extensive delays as of late. However, unless I'm interpreting Article 11.15 wrong, it seems the seller (Owner) is the one that is in violation of the Article if the Estoppel Certificate takes longer than 15 days. I do realize the seller/owner is at the mercy of DVD to provide the certificate through their title company, but DVD is not mentioned anywhere in the Article. It would seem that for Disney to be in violation of the Article that the Seller/Owner would have to be in violation of it first. This would seem to make it more difficult or undesirable to enforce. Am I misinterpreting it Supersnoop?
 
I completely agree with you on wanting to challenge the delays, particularly with ROFR, although Estoppel is important too, especially since there are extensive delays as of late. However, unless I'm interpreting Article 11.15 wrong, it seems the seller (Owner) is the one that is in violation of the Article if the Estoppel Certificate takes longer than 15 days. I do realize the seller/owner is at the mercy of DVD to provide the certificate through their title company, but DVD is not mentioned anywhere in the Article. It would seem that for Disney to be in violation of the Article that the Seller/Owner would have to be in violation of it first. This would seem to make it more difficult or undesirable to enforce. Am I misinterpreting it Supersnoop?
Maybe, maybe not. I'm not a lawyer, so my opinion is only my opinion. But remember that Disney is also an owner. And there's this part that passes the requirement of producing the estoppel to the association. I'm not clear on when it applies.

estoppel2.JPG
 
So whats the wait time looking like these days. We just hit day 24 and I asked for an update and got the standard- its taking a while now response...
We passed ROFR at the end of June and are still waiting. I emailed our closing agent today and was told it may take another 10 days before we get the final papers to sign. I am not very happy with Disney right now. We made our offer at the beginning of June and its now going on 2 months.
 
We passed ROFR at the end of June and are still waiting. I emailed our closing agent today and was told it may take another 10 days before we get the final papers to sign. I am not very happy with Disney right now. We made our offer at the beginning of June and its now going on 2 months.
It is so frustrating! !
 
This wait is so much worse than ROFR. We passed ROFR July 2, and based on everyone's experiences that I am seeing above, may not end up getting closing documents until for another two weeks or so. :headache: I hope I'm more patient waiting for the second contract!
 
We are new DVC Members (Poly owners) and recently passed ROFR on our second contract (AKL). We've been waiting on estoppels for 17 days now and the wait is killing me. Hearing that what we were told would take about 28-30 days, may now take about 45 days or so is bringing me down. Once the estoppels come back, how long before closing documents are sent and how long before a closing date is set? After the closing, how long is it taking current DVC members to get their new points dropped in?
 
We are new DVC Members (Poly owners) and recently passed ROFR on our second contract (AKL). We've been waiting on estoppels for 17 days now and the wait is killing me. Hearing that what we were told would take about 28-30 days, may now take about 45 days or so is bringing me down. Once the estoppels come back, how long before closing documents are sent and how long before a closing date is set? After the closing, how long is it taking current DVC members to get their new points dropped in?

Our estoppel ( 33days) and closing docs came on the same day and depending on when the seller returns their docs dictates the "final" closing process. After we closed my broker sent me an email stating that it may take any where from 14-24 days for Disney to transfer the ownership and load points/make reservations. SO, we closed on 7/28 deed was recorded 7/29 and now we wait again, how long is anyone's best guess. BUT......we have to wait for the DVC letter with our membership number stating that we can make those reservations since Disney will no longer give membership numbers over the phone. We are hoping it will not take too long, we have to remain optimistic!!

Depending on your UY you may receive a new membership number with your purchase.
 
This is the latest reply I got as of Wednesday for my contract. We are using the Timeshare store.
Thank you for the email and for following up. At this time *** is awaiting Disney to send the estoppel information to prepare the final documents. Disney is currently behind on providing this information on all properties and is currently up to properties waived on 6/19.

Your property was waived on 6/26, so Disney should hopefully have that information to *** in the next week or so. Once *** has that information they will prepare the documents and email those to you.
 
This is the latest reply I got as of Wednesday for my contract. We are using the Timeshare store.
Thank you for the email and for following up. At this time *** is awaiting Disney to send the estoppel information to prepare the final documents. Disney is currently behind on providing this information on all properties and is currently up to properties waived on 6/19.

Your property was waived on 6/26, so Disney should hopefully have that information to *** in the next week or so. Once *** has that information they will prepare the documents and email those to you.
Holy smokes, they were on June 18 waivers two weeks ago!
 
This is the latest reply I got as of Wednesday for my contract. We are using the Timeshare store.
Thank you for the email and for following up. At this time *** is awaiting Disney to send the estoppel information to prepare the final documents. Disney is currently behind on providing this information on all properties and is currently up to properties waived on 6/19.

Your property was waived on 6/26, so Disney should hopefully have that information to *** in the next week or so. Once *** has that information they will prepare the documents and email those to you.
Wow, that is a seriously long wait! UG! Good news is you are getting close!
 

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