DVC RESALES
DVC RESALES

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Old 10-15-2012, 10:33 PM   #1
Msmithmd
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Closing delay

So here's an interesting twist. We are ten days after closing contract was received. Had sent ours with the certified check back to title company, the day after we received. Knowing advice from these boards, we expected the seller to take somewhat longer. This morning (day ten) I decided to check in with the title company, and they advised they still hadn't received the sellers packet. I called the broker, who called the seller, and found out they "hadn't noticed the email" of the closing packet ten days ago. They apologized and promised to get it done tomorrow.

So moral of story- stay "on it" on the resales. You don't want to be "that guy" who is harassing the broker. But if I hadn't called today, apparently my contract would still be delayed indefinitely. Wish me luck from here on out, but it sounds like things will finally proceed.
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Old 10-16-2012, 09:07 AM   #2
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Buyers can't wait to get in the system and make their first reservation.

Sellers have trouble letting go, we are hoarders by nature.

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Old 10-16-2012, 09:59 AM   #3
cocoabio
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Same thing happens to me. I sent in closing doc and wired final payment in last Tuesday, but until now i haven't heard back from seller. How far am I from now to the end of this process?
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Old 10-16-2012, 10:21 AM   #4
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I'm waiting for my sellers to send in their closing paperwork as well. I know I am more anxious than they are - but I would also think that they would want their $$$$$$ !!!!
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Old 10-17-2012, 12:22 AM   #5
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Does anyone know what happens if the seller doesn't submit their paperwork by the closing date?
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Old 10-17-2012, 08:03 PM   #6
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Originally Posted by Firepath View Post
Does anyone know what happens if the seller doesn't submit their paperwork by the closing date?
It depends on what, if anything, is written in the contract. There can be no closing without signed and notarized documents from the seller. The contract may have a clause that provides for an opportunity for you to walk away from the contract and get your deposit back, or may provide for you a means to get the sellers to pay a penalty, or it might not. It all depends on what the contract that you both signed says.
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Old 10-18-2012, 04:13 PM   #7
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I've had the exact opposite problem. I'm a seller. My documents were in before the closing date. The buyer has said that they sent the paperwork and payment almost a month ago and that is supposedly "held up in customs" (the buyers are Canadian, I am American).
We are now 10 days post closing date, and still have not received word that the closing has occurred.
I'm getting antsy.
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Old 10-18-2012, 10:53 PM   #8
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I emailed my broker on 10/16 and she was able to contact the seller. Seller sent close doc on 10/17. Hope mine will be closed soon.
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Old 10-19-2012, 09:19 AM   #9
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I've had the exact opposite problem. I'm a seller. My documents were in before the closing date. The buyer has said that they sent the paperwork and payment almost a month ago and that is supposedly "held up in customs" (the buyers are Canadian, I am American).
We are now 10 days post closing date, and still have not received word that the closing has occurred.
I'm getting antsy.
I myself am Canadian, and I have to say that this sounds a little fishy...

The buyers are sending what is essentially a letter to the USA. I don't see anything that would warrant a U.S. customs delay. Further, I would hope that they would have Fedexed the documents and cheques. Even better, wire transfer the money and fax (then mail) documents.

I did read another post where the buyer's certified cheque got lost in the mail...(another reason to wire money!). I would look into this further...Good luck!
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Old 10-20-2012, 12:46 AM   #10
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Quote:
Originally Posted by Msmithmd View Post
So here's an interesting twist. We are ten days after closing contract was received. Had sent ours with the certified check back to title company, the day after we received. Knowing advice from these boards, we expected the seller to take somewhat longer. This morning (day ten) I decided to check in with the title company, and they advised they still hadn't received the sellers packet. I called the broker, who called the seller, and found out they "hadn't noticed the email" of the closing packet ten days ago. They apologized and promised to get it done tomorrow.

So moral of story- stay "on it" on the resales. You don't want to be "that guy" who is harassing the broker. But if I hadn't called today, apparently my contract would still be delayed indefinitely. Wish me luck from here on out, but it sounds like things will finally proceed.
I finally called my broker who called the seller. They finally sent in the paperwork and it closed the same day. Showed up on the OCC website today. Thanks for everyone's help and suggestions!!!
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Old 10-20-2012, 03:47 AM   #11
jennifer in canada
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Still patiently waiting here, but growing more impatient
Contract was to close Tuesday past, i called thursday and was advised they had gotten the documents from the seller but they were incomplete? (they received my cheque last week) today is saturday....
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Old 10-22-2012, 05:54 PM   #12
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If you are in a hurry to make any reservations with your new points, call back tomorrow and instead speak with Member Administration, same phone number, different menu choice.

Sent from my iPad using DISBoards App, please excuse any typos.
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Old 10-23-2012, 11:42 AM   #13
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If you are in a hurry to make any reservations with your new points, call back tomorrow and instead speak with Member Administration, same phone number, different menu choice.

Sent from my iPad using DISBoards App, please excuse any typos.
Called twice today and they refuse to give member # over phone. Have to wait for "the letter" Ease my mind by saying plenty of 2br will be available @OKW Memorial wknd.
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Old 10-23-2012, 11:54 AM   #14
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Called twice today and they refuse to give member # over phone. Have to wait for "the letter" Ease my mind by saying plenty of 2br will be available @OKW Memorial wknd.
Call MS and see if they will help you.

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Old 10-23-2012, 12:00 PM   #15
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Call MS and see if they will help you.

Bill
My apologies but isn't that who I just called ? 800-******** #2 ?
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