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Old 06-06-2013, 06:30 AM   #1
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Buying from a friend?

Just wondered if anyone knew how this works if I was to buy a contract from a friend. We would be paying a reasonable price so don't think Disney would
ROFR but I guess you never know. But what about the paperwork side, how would it work?

Thanks for your help!
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Old 06-06-2013, 07:17 AM   #2
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Scroll down the board for the thread called "Buying from a friend" (or something like that). It was only from 3-4 days ago.
June 1978 - Poly / Nov 1996 - Yacht Club / Jan 2001 - Poly / Jan/Feb 2004 - Wilderness Lodge / 2004-2006: Animal Kingdom Lodge, Nick Hotel, Caribbean Beach, Port Orleans Riverside, HI Sunspree, Buena Vista Suites, Caribe Royale / Jan 2008 - Poly / June 2008 - Saratoga Springs and Villas @ Wilderness Lodge / Nov 2008 -Boardwalk Villas / Dec 2008 - WL, Beach Club Villas and Beach Club / June 2009 - POFQ and Poly / Jan 2010 - AKV, 4 night DCL & BCV / Nov 2010 - POFQ / April 2011 - SSR / Nov 2011 Swan / Jan 2012 - BC/ April 2012 OKW / April 2014 AoA & AKV
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Old 06-06-2013, 08:55 AM   #3
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Old 06-06-2013, 10:35 AM   #4
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It works pretty much the same as any third party sale. You need to draw up a contract and submit it to Disney for a ROFR waiver. You can call member administration to ask about the process for submitting to the ROFR process.

Depending on how close you are to this friend and how trustworthy they are you can either (a) file the deed yourself and save a bunch of money or (b) hire a closing company to do it for you, do the title search, title insurance, and the closing and spend some more money.

Only you can decide what you want to do and what your friend feels comfortable doing. Doing it yourself is a little complicated but not too difficult, especially if your friend bought direct and there is no mortgage on the deed. If there is a mortgage that needs to be paid in full before Disney will allow the sale. If your friend bought resale you might want to spend the extra few bucks on a title search, just to make sure everything is kosher.

If you do it yourself you need to decide to use a warranty deed or quit claim deed - different protections for seller and buyer on each. I am going through this process now (but with a gratuitous transfer) but the process is the same so let me know if you have any questions.
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Old 06-07-2013, 06:19 AM   #5
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Thank you very much, this is really helpful
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