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Old 04-03-2013, 02:22 PM   #1621
Hunclemarco
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Originally Posted by fmer55 View Post
So Mac, I am not sure you want to handle this on your data collection. On february 26 I passed ROFR at $75 on a BLT Feb contract. Closing funds sent to title company on 3/13. Well today I was informed that the seller does not have the funds to close(they owed some money also). And they sent an email today stating that they can no longer move forward with the sale.

So for the threads purpose it did pass, but never closed.
So sorry to hear this

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Old 04-03-2013, 02:26 PM   #1622
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AHHHHH! Congrats. So....we surely should pass, yes? all these SSR's are passing. Come on. Give me a yes! This waiting is killing me! Watch, all you guys are passing & we won't. Love my negativity don't you?! LOL
I am definitely keeping my fingers crossed for you!!!!! The only real difference is the UY and mine had less 2012 points left.
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Old 04-03-2013, 02:28 PM   #1623
jenbelles
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Originally Posted by fmer55 View Post
So Mac, I am not sure you want to handle this on your data collection. On february 26 I passed ROFR at $75 on a BLT Feb contract. Closing funds sent to title company on 3/13. Well today I was informed that the seller does not have the funds to close(they owed some money also). And they sent an email today stating that they can no longer move forward with the sale.

So for the threads purpose it did pass, but never closed.

That is horrible! How in the world does the seller let it get that far!!!!
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Old 04-03-2013, 02:29 PM   #1624
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Originally Posted by racinghank View Post
I just received an email that Disney has waived their right of first refusal on this contract!
Congrats!
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Originally Posted by Mom23WildBoys View Post
we got it!!!!!!!!!!!!!!
I'm so happy!!!!!!!!!!!
Congrats!
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Originally Posted by macd77 View Post
I just received word that we passed!!!!
Congrats!

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Originally Posted by n2mm View Post
Just heard from my DD and she passed!! SSR 150pts. (Aug UY), 8 2011 pts, 90 2012 pts, 150 2013 pts. She paid $50 pp. ROFR submitted on 3/4/13, so it took 30 days.
Congrats! to your DD let the planning begin

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Got the email today that Disney waived ROFR!!! Now I can stop stressing about ROFR and start stressing about closing!!! LOL!!!
Congrats!
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Old 04-03-2013, 03:07 PM   #1625
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Quote:
Originally Posted by fmer55 View Post
So Mac, I am not sure you want to handle this on your data collection. On february 26 I passed ROFR at $75 on a BLT Feb contract. Closing funds sent to title company on 3/13. Well today I was informed that the seller does not have the funds to close(they owed some money also). And they sent an email today stating that they can no longer move forward with the sale.

So for the threads purpose it did pass, but never closed.
I am so sorry to hear this...does it not make you wonder, though, how they got this far before realizing they couldn't complete the deal...

I hope something comes through for you soon...it does seem that the ROFR bug isn't quite as hungry for BLT...
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Old 04-03-2013, 03:23 PM   #1626
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Quote:
Originally Posted by fmer55 View Post
So Mac, I am not sure you want to handle this on your data collection. On february 26 I passed ROFR at $75 on a BLT Feb contract. Closing funds sent to title company on 3/13. Well today I was informed that the seller does not have the funds to close(they owed some money also). And they sent an email today stating that they can no longer move forward with the sale.

So for the threads purpose it did pass, but never closed.
That's really a shame. It appears that the sellers are motivated to sell for financial reasons, so it's sad that they can't come up with the funds to close. Is this one of those situations where they can somewhat "return" the contract to Disney? I don't know if Disney does this or not.

Sorry you lost your purchase because of the sellers situation. I hope you find a new contract very soon.
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Old 04-03-2013, 03:24 PM   #1627
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I am so sorry to hear this...does it not make you wonder, though, how they got this far before realizing they couldn't complete the deal...

I hope something comes through for you soon...it does seem that the ROFR bug isn't quite as hungry for BLT...
thanks. It will come.
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Old 04-03-2013, 03:27 PM   #1628
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That's really a shame. It appears that the sellers are motivated to sell for financial reasons, so it's sad that they can't come up with the funds to close. Is this one of those situations where they can somewhat "return" the contract to Disney? I don't know if Disney does this or not.

Sorry you lost your purchase because of the sellers situation. I hope you find a new contract very soon.
this is exactly what is going to happen. They are already in default. Dis will take it back and sell foir $165.
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Old 04-03-2013, 03:50 PM   #1629
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Originally Posted by fmer55 View Post
So Mac, I am not sure you want to handle this on your data collection. On february 26 I passed ROFR at $75 on a BLT Feb contract. Closing funds sent to title company on 3/13. Well today I was informed that the seller does not have the funds to close(they owed some money also). And they sent an email today stating that they can no longer move forward with the sale.

So for the threads purpose it did pass, but never closed.
Sorry to hear it Mike. How incredibly frustrating. Makes me wonder why in the world did they agree to sell for such a low (great deal for you) price? They must have known how much they needed in order to pay off their loan and the broker doesn't do this for free........

Better luck on the next one.
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Old 04-03-2013, 04:06 PM   #1630
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I just received word that we passed!!!!
Congrads.
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Old 04-03-2013, 04:08 PM   #1631
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Got the email today that Disney waived ROFR!!! Now I can stop stressing about ROFR and start stressing about closing!!! LOL!!!
I know the feeling. Now checking email for closing docs.
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Old 04-03-2013, 04:21 PM   #1632
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I just received an email that Disney has waived their right of first refusal on this contract!
That's great! Do you mind me asking which company you went with?
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Old 04-03-2013, 04:49 PM   #1633
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Originally Posted by fmer55 View Post
So Mac, I am not sure you want to handle this on your data collection. On february 26 I passed ROFR at $75 on a BLT Feb contract. Closing funds sent to title company on 3/13. Well today I was informed that the seller does not have the funds to close(they owed some money also). And they sent an email today stating that they can no longer move forward with the sale.

So for the threads purpose it did pass, but never closed.
I am so sorry...I know it's frustrating. We made an offer in Dec and signed contract and sent deposit and it went off to ROFR and then 8 days in, we got word that the contract was cancelled. It was upsetting and then trying to find another contract that fit our needs took some time. I can't even imagine it getting all the way to us sending in closing docs and final payment....how awful. I hope you have no trouble finding a new contract. Good luck on the hunt!
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Old 04-03-2013, 06:08 PM   #1634
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Congrads.
Thanks James. Can't wait to tell my family.
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Old 04-03-2013, 06:35 PM   #1635
Illini Al
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I learned today from Fidelity that I passed ROFR! Here is my timeline so far:

170 SSR Points, Feb UY
0 '13 Points
170 '14 Points and beyond
$49 PP
Seller pays '13 MFs. I pay closing costs and Fidelity admin fee.

Offer made: 2/21
Offer accepted: 2/25
Signed contract: 2/28
Sent to ROFR: 3/4
Passed ROFR: 4/3

Now the wait for the closing docs begins.....
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