Come on Estoppel!!!!

pmaurer74 · Oct 2, 2015

AmyKat said:
What title company did you use (if you don't mind sharing)?

Magic Vacation Title

sticker231 · Oct 2, 2015

pmaurer74 said:
Magic Vacation Title

When I asked, I was told they had received over 700 estoppel requests at one time. Still not sure how certain files rise to the top quicker.

Popouri DVC · Oct 2, 2015

Finally got closing documents yesterday, October 1!!!

Yay!!!!

So on to the next stage of waiting, but I'm not really in any hurry...

Popouri DVC: VGF 50 points June $7,500 150 pp. 0/15, 0/16.

AND

Popouri DVC: VGF 50 points June $7,500 150 pp. 0/15, 0/16.

mickeyman · Oct 2, 2015

girli565 said:
What title company does fidelity use?

Vacation world title

WDW Couple · Oct 5, 2015

WDW Couple said:
Excited to be moving over to this thread.....

$78-$16,150-200-SSR-Sept-0/'14, 137/'15, 200/'16-sent 8/14 Passed 9/8

Received our closing documents on 9/25 (17 days from ROFR) just as we landed in Boston for an 8-day vacation! Sent documents and check out today.

mickeyman · Oct 6, 2015

My contract was sent for ROFR on 9/15 passed 9/28 13 days! Received closing docs today, only took 7 days. Expected close date is on or before 10/23. I've been so lucky with how fast it has gone for me

girli565 · Oct 6, 2015

mickeyman said:
My contract was sent for ROFR on 9/15 passed 9/28 13 days! Received closing docs today, only took 7 days. Expected close date is on or before 10/23. I've been so lucky with how fast it has gone for me

What resale co and title co are you using? Just curious to see if there's any rhyme or reason why some get closing docs so quickly and others don't.

girli565 · Oct 6, 2015

girli565 said:
girli565---$90-$10,800-120-SSR-March-79/'15, 120/'16, 120/'17 -sent 9/2 for ROFR, Passed ROFR on 9/23!

Finished one wait and now on to the next one, lol! We are using ***, any idea on average wait times?

So we had decided initially to use Monera to finance the purchase but yesterday we switched to another timeshare financing company because we got a better rate. I called Magic vacation title just to make sure we weren't too far into the process where changing our financer would be a problem. There were no issues with the change because none of our documents had been done yet. I guess we're in for a long wait on this one, lol.

mickeyman · Oct 6, 2015

girli565 said:
What resale co and title co are you using? Just curious to see if there's any rhyme or reason why some get closing docs so quickly and others don't.

I purchased through fidelity and the title company is vacation world title. They told me they had the estoppel 3 days after it passed ROFR and just took them a couple days to get all the paper work together

pmaurer74 · Oct 7, 2015

girli565 said:
What resale co and title co are you using? Just curious to see if there's any rhyme or reason why some get closing docs so quickly and others don't.

I emailed my sales rep telling him of my frustration we are over 6 weeks past ROFR and I doubt we will get our points by the 7 months window now :headache:

AmyKat · Oct 7, 2015

mickeyman said:
My contract was sent for ROFR on 9/15 passed 9/28 13 days! Received closing docs today, only took 7 days. Expected close date is on or before 10/23. I've been so lucky with how fast it has gone for me

We used fidelity, too. We sent our contract to ROFR on 9/8 and passed on 9/25. We haven't heard anything on estoppel yet. There just doesn't seem to be any rhyme or reason. Or maybe there are just too many variables. You would also have to look at resort, number of points, number of points available, price per point, financing or not, ....

mickeyman · Oct 7, 2015

AmyKat said:
We used fidelity, too. We sent our contract to ROFR on 9/8 and passed on 9/25. We haven't heard anything on estoppel yet. There just doesn't seem to be any rhyme or reason. Or maybe there are just too many variables. You would also have to look at resort, number of points, number of points available, price per point, financing or not, ....

I am AKV 160 point contract and I'm financing. If I wasn't financing I would've had closing documents last week.

AmyKat · Oct 7, 2015

I'm OKW 218 point contract and I'm financing.

So, we have similar point contracts, different locations, same broker. You submitted for ROFR a week after I did and passed 3 days later. You received closing docs within 7 days and I haven't heard anything on estoppel in 12 days. There doesn't seem to be any method to the madness.

Oh, our seller is in the UK. That will make our process slower too.

pmaurer74 · Oct 7, 2015

FINALLLLLLYYYYY, we got our closing documents.

7/31 contract sent to ROFR
8/24 passed ROFR
10/7 closing documents received

When is it likely we will get out points?

sticker231 · Oct 7, 2015

pmaurer74 said:
FINALLLLLLYYYYY, we got our closing documents.

7/31 contract sent to ROFR
8/24 passed ROFR
10/7 closing documents received

When is it likely we will get out points?

Seems to be about two weeks after the closing.

pmaurer74 · Oct 7, 2015

sticker231 said:
Seems to be about two weeks after the closing.

I hope so!

Popouri DVC · Oct 8, 2015

pmaurer74 said:
FINALLLLLLYYYYY, we got our closing documents.

7/31 contract sent to ROFR
8/24 passed ROFR
10/7 closing documents received

When is it likely we will get out points?

Our VGF contract went to and passed ROFR the exact same days. We got closing documents 10/1. Seems like it took FOREVER!!!

Congrats! You'll probably get your points when you're on vacation...

AmyKat · Oct 8, 2015

I think I've been thinking about things backwards. We passed ROFR on 9/25. I was thinking that I was waiting to hear from Disney on estoppel before we did anything else. I just reread my email from Fidelity and realized it says "while we wait for the estoppel from Disney the title company will begin the closing process. Specifically the title company will prepare initial closing documents and email them out to Buyer and Seller. You will receive these documents within the next 7-10 business days."

I'm at 9 business days today and haven't seen anything ... unless I deleted it on accident. For anyone else that used Fidelity, do you know what email address the documents were sent from? Do you remember how long after you passed ROFR you received the documents?

Thanks!

mickeyman · Oct 8, 2015

AmyKat said:
I think I've been thinking about things backwards. We passed ROFR on 9/25. I was thinking that I was waiting to hear from Disney on estoppel before we did anything else. I just reread my email from Fidelity and realized it says "while we wait for the estoppel from Disney the title company will begin the closing process. Specifically the title company will prepare initial closing documents and email them out to Buyer and Seller. You will receive these documents within the next 7-10 business days."

I'm at 9 business days today and haven't seen anything ... unless I deleted it on accident. For anyone else that used Fidelity, do you know what email address the documents were sent from? Do you remember how long after you passed ROFR you received the documents?

Thanks!

I recieved closing documents 7 days after ROFR. They came from the title company not fidelity. You could probably call vacation world rite and check on it.

AmyKat · Oct 8, 2015

Thank you! There is a phone number on that email but I hated to be a pain.

Come on Estoppel!!!!

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