Come on Estoppel!!!!

dayzee1983 · Sep 1, 2015

I've been creeping on this thread for a month now, and only now decided to voice frustrations. Lol! So my timeline is as follows

Offer placed on 6/28 and seller accepted same day.

7/1 sent to Disney for ROFR
7/26 waived ROFR

Today marks 36 days and I'm going bonkers!!! We cruise on 10/11 and I REALLY wanted to go to our first DVC mingle on board, now I'm worried it's not going to happen. Plus we really want to book Aulani for a friends wedding in Jan. which I'm also scared there won't be any rooms available once we finally get a member number.

Anyhow, thanks for letting me rant.

RobbW · Sep 1, 2015

$115 - $31,800 - 270 - BLT - Aug - 0/'14, 0/'15, 270/'16 - sent 08/05/2015 - passed 09/01/2015

Woo hoo, mates! Just got the email that our BLT contract was waived by Disney today! Figured I would come make my formal introduction to the estoppel thread. This is our first DVC purchase after many years of going back and forth before finally deciding to pull the trigger. Now we continue the impatient waiting in this next phase. Ears crossed!

07/31/2015 - Offer made
08/01/2015 - Offer Accepted
08/04/2015 - Contract received, signed, and returned
08/05/2015 - Sent to ROFR
09/01/2015 - ROFR Waived and on to estoppel!

B16crx · Sep 1, 2015

We passed ROFR on 7/27 and just received the closing docs today. Hopefully we have a motivated seller this time, on our previous purchase it took them just over 3 weeks to return their portion.

JWG · Sep 2, 2015

JWG---$125-$12,500-100-BLT-Aug-38/'14, 100/'15, 100/'16, PRORATED 2015MF -sent 8/10 -passed 9/2

Were told to expect estoppel to take 5-6 weeks. Hopefully closed by mid November.

gandyeye · Sep 2, 2015

gandyeye said:
Passed ROFR on 8/17 for our BCV contract. After reading this thread, I am a little depressed....I was expecting a 14 day estoppel period. Looks more like a 35-40 day wait Well, here's to Sept 21!

I got closing documents today!! 16 days! I was expecting 30-35. Way to go Disney.

sgrap · Sep 2, 2015

gandyeye said:
I got closing documents today!! 16 days! I was expecting 30-35. Way to go Disney.

WOW, that is amazing! Congratulations!

RobbW · Sep 2, 2015

gandyeye said:
I got closing documents today!! 16 days! I was expecting 30-35. Way to go Disney.

Excellent news!

Popouri DVC · Sep 3, 2015

JWG said:
JWG---$125-$12,500-100-BLT-Aug-38/'14, 100/'15, 100/'16, PRORATED 2015MF -sent 8/10 -passed 9/2

Were told to expect estoppel to take 5-6 weeks. Hopefully closed by mid November.

Silliness!!!

Outrageous for it to take so long!

gandyeye said:
I got closing documents today!! 16 days! I was expecting 30-35. Way to go Disney.

But then this might be a bit of a silver lining...

Loveallthingsmouse · Sep 3, 2015

gandyeye said:
I got closing documents today!! 16 days! I was expecting 30-35. Way to go Disney.

Wow! I'm jealous...we passed 8/3, still no closing docs, congratulations!! Fingers crossed ours will arrive soon

gandyeye · Sep 3, 2015

Loveallthingsmouse said:
Wow! I'm jealous...we passed 8/3, still no closing docs, congratulations!! Fingers crossed ours will arrive soon

I hope this is a sign of things speeding up with estoppel, but I am afraid the pile of documents was knocked off someone's desk and mine just happened to land on top. This is so unusual for me to have a bit of luck. Whatever line I am in at walmart ends up being the slowest, so I am very surprised this has happened.

Luvscrappin · Sep 3, 2015

We just received our closing documents! Passed ROFR on 8/17. So much quicker than I expected. Can not wait to get my membership packet! pixiedust:

Can not believe we are almost officially DVC members!

slh1977 · Sep 3, 2015

Luvscrappin said:
We just received our closing documents! Passed ROFR on 8/17. So much quicker than I expected. Can not wait to get my membership packet! Can not believe we are almost officially DVC members!

That's great! We passed on 8/14 so hopefully we will close soon. I wonder how they determine which closings to do, doesn't seem to be any order around it.

lovin'fl · Sep 3, 2015

HookdonWDW said:
Interesting... so they don't wait until Disney actually transfers the ownership before they disburse the funds?

My ownership was removed today (noticed contract gone from my membership on the member website) and I got an e-mail stating the proceeds were disbursed and sent to us today as well. It has been 5 business days since closing. I am guessing it will now take up to 5 more business days for the new owners to have the contract show up in their account (they are current members).

pmaurer74 · Sep 4, 2015

Luvscrappin said:
We just received our closing documents! Passed ROFR on 8/17. So much quicker than I expected. Can not wait to get my membership packet! Can not believe we are almost officially DVC members!

That means ours may come next week! I find waiting for estoppel to be harder than waiting for ROFR for some reason! Maybe it is because I want to book badly two trips!

RobbW · Sep 4, 2015

Since I'm now on to this next phase of DVC waiting, figured I'd post some stats pertinent to this group. Below is a chart showing the average number of days from passing ROFR until receiving closing documents. Keep in mind, I have not yet been able to update all contracts in my database that have actually made it to the point where they've actually received closing docs. So, these averages may be based on a limited number of data. But here it is anyway!

Close%20Average%20Number%20of%20Days%202015-09-04-XL.jpg

dayzee1983 · Sep 4, 2015

The day after I posted my frustration waiting for closing, we received our closing docs. So we waited 37 days. We overnighted our documents yesterday and got confirmation that *** recieved them today. Fingers crossed for motivated sellers to have their portion in too!

Loveallthingsmouse · Sep 5, 2015

We are at day 33 waiting on our closing docs for a BLT contact...ugh!

nlumpkin2 · Sep 8, 2015

We just got our closing paperwork today for 154 points AKL. It was super quick and here is our timeline
July 27, 2015 - offer accepted
Aug 21, 2015 - passed ROFR
Sept 8, 2015 - received closing documents

Much quicker than we thought!!! 43 days total when we were told to expect 90-120 days!!!

RobbW · Sep 8, 2015

nlumpkin2 said:
We just got our closing paperwork today for 154 points AKL. It was super quick and here is our timeline
July 27, 2015 - offer accepted
Aug 21, 2015 - passed ROFR
Sept 8, 2015 - received closing documents

Much quicker than we thought!!! 43 days total when we were told to expect 90-120 days!!!

Hi, nlumpkin2! Would you mind posting your original info on the contract purchase (i.e. PPT / Total Cost / # Points / Resort / UY / Points Available / Sent to ROFR). These are good stats I'm trying to keep track of. Thanks!

nlumpkin2 · Sep 9, 2015

RobbW said:
Hi, nlumpkin2! Would you mind posting your original info on the contract purchase (i.e. PPT / Total Cost / # Points / Resort / UY / Points Available / Sent to ROFR). These are good stats I'm trying to keep track of. Thanks!

$84-$12,936–154-AKL-Dec-154/'15, 154/'16 – sent 7/27 passed 8/21

Come on Estoppel!!!!

Monica

To Scope or not to Scope? *THAT* is the question!

Earning My Ears

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You never outgrow it.

DIS Veteran

To Scope or not to Scope? *THAT* is the question!

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Mouseketeer

You never outgrow it.

Mouseketeer

Earning My Ears

DIS Veteran

DIS Veteran

To Scope or not to Scope? *THAT* is the question!

Monica

Mouseketeer

Earning My Ears

To Scope or not to Scope? *THAT* is the question!

Earning My Ears

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To Scope or not to Scope? THAT is the question!

To Scope or not to Scope? THAT is the question!

To Scope or not to Scope? THAT is the question!

To Scope or not to Scope? THAT is the question!