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Old 04-16-2013, 09:00 PM   #1996
kkolbusz1
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So no one got any news today if they got thru or not? How weird is that?
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Old 04-16-2013, 09:34 PM   #1997
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I heard yesterday that my offer was passed by Disney. I am waiting for closing paperwork.
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Old 04-17-2013, 02:29 AM   #1998
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...And the problem has not been resolved.... very, very frustrating. The title company said they couldn't trace the wire and now I have to trace through my bank. I have asked specifically who will pay for the additional wire charges if I have to send the funds again (at that time still confident that the fund will find its way back to me), but even for this the title company dodged the answer.

I had expected the broker to at least do something but not a word from her!
Finally the wire amendment was made 2 days ago, and the title company received the fund - but $25 short! Now the title company wants me to send another $25 through. I have already paid for the amendment fees which was due to the mix up (they now claim the account number provided to me in the first time was correct...), which now the title company say it's not their fault and they are not paying.

I sent the full amount and instructed my bank to deduct my account for any associated commissions and charges, and so I expected that they receive the full amount. Later, my bank told me it's probably the receiving bank or it's appointed intermediary charging some fees but my bank and I will not know if they do that or how much, unless the receiving party informs me first. I have waited for more than 24 hours for the title company and still nothing.

Anyone from overseas has any insights to share? This saga seems to go on and on, it's overtaken the joy of owning DVC points.

It's difficult with the 12 hour time diff, but I guess I have to make a call to the title company and find someone higher up to resolve this.
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Old 04-17-2013, 05:48 AM   #1999
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Finally the wire amendment was made 2 days ago, and the title company received the fund - but $25 short! Now the title company wants me to send another $25 through. I have already paid for the amendment fees which was due to the mix up (they now claim the account number provided to me in the first time was correct...), which now the title company say it's not their fault and they are not paying.

I sent the full amount and instructed my bank to deduct my account for any associated commissions and charges, and so I expected that they receive the full amount. Later, my bank told me it's probably the receiving bank or it's appointed intermediary charging some fees but my bank and I will not know if they do that or how much, unless the receiving party informs me first. I have waited for more than 24 hours for the title company and still nothing.

Anyone from overseas has any insights to share? This saga seems to go on and on, it's overtaken the joy of owning DVC points.

It's difficult with the 12 hour time diff, but I guess I have to make a call to the title company and find someone higher up to resolve this.
when I bought my AKV points the receiving bank deducted $40 to pay for the transfer their end. The title company told me about this upfront and i had to add it on to the amount paid. So i paid the UK charges for sending and the USA charges for receiving. Expensive but no way around it when buying points.
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Old 04-17-2013, 07:02 AM   #2000
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when I bought my AKV points the receiving bank deducted $40 to pay for the transfer their end. The title company told me about this upfront and i had to add it on to the amount paid. So i paid the UK charges for sending and the USA charges for receiving. Expensive but no way around it when buying points.
Thanks Minniesgal. That's good to know! The title company did not inform me beforehand.
I don't really mind the charges, it's the trouble... And to wire another US$25 will probably cost me US$50 in total for bank charges.

I still cannot believe how the title company is so inexperienced.

Thanks again.
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Old 04-17-2013, 07:36 AM   #2001
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Well, bought 100 AKV points recently (to add to our 200 OKW and 75 HH)...just closed in March...and...already back at the add-on-itis. I am actually shocked the DH agreed to this one because I thought he was done adding. Just put in offer on more HH points...we don't 'NEED' them but would make our DVC portfolio just about perfect (just wish our OKW points were BWV...though MIL does LOVE staying at OKW in HH section).
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Old 04-17-2013, 07:45 AM   #2002
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Thanks Minniesgal. That's good to know! The title company did not inform me beforehand.
I don't really mind the charges, it's the trouble... And to wire another US$25 will probably cost me US$50 in total for bank charges.

I still cannot believe how the title company is so inexperienced.

Thanks again.
Such a pain! Sometimes I fight stuff like this out of principle but most of the time, I just want to get it over with.
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Old 04-17-2013, 08:40 AM   #2003
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Finally the wire amendment was made 2 days ago, and the title company received the fund - but $25 short! Now the title company wants me to send another $25 through. I have already paid for the amendment fees which was due to the mix up (they now claim the account number provided to me in the first time was correct...), which now the title company say it's not their fault and they are not paying.

I sent the full amount and instructed my bank to deduct my account for any associated commissions and charges, and so I expected that they receive the full amount. Later, my bank told me it's probably the receiving bank or it's appointed intermediary charging some fees but my bank and I will not know if they do that or how much, unless the receiving party informs me first. I have waited for more than 24 hours for the title company and still nothing.

Anyone from overseas has any insights to share? This saga seems to go on and on, it's overtaken the joy of owning DVC points.

It's difficult with the 12 hour time diff, but I guess I have to make a call to the title company and find someone higher up to resolve this.
Sorry to hear this but we do work for a company in Singapore that when they wire us the money our bank does charge 25.00 fee. Do you have a credit card that you could pay the additional 25.00 on - all the closing companies take a credit card for the deposit so I would think they would be willing to just charge the 25.00 and be done with it. Good luck
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Old 04-17-2013, 08:52 AM   #2004
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Such a pain! Sometimes I fight stuff like this out of principle but most of the time, I just want to get it over with.

Thanks for your support! Yes a big part of me wants to fight it out of principle too, but then I can't close on the contract... and I in a time zone 12 hours apart... It doesn't help too, that I go on business trips quite often.

The title company just told me that they don't tell people to include the bank charges beforehand, people will just know that.... they will just pad the wire with extra funds and then the company will credit any leftover back. Excuse me for not as experienced as others about international wire transfer. So how do people know how much extra to pay.

Sorry just letting out some steam. Finally the title company came to their senses and sent me a credit card authorization form for the US$25. Closing in sight I hope.
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Old 04-17-2013, 08:55 AM   #2005
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Originally Posted by ytsyts View Post
Thanks Minniesgal. That's good to know! The title company did not inform me beforehand.
I don't really mind the charges, it's the trouble... And to wire another US$25 will probably cost me US$50 in total for bank charges.

I still cannot believe how the title company is so inexperienced.

Thanks again.
i suspect the cheapest and quickest way would be to get them to take the $25 from your credit card.
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Old 04-17-2013, 08:58 AM   #2006
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Originally Posted by ytsyts View Post
Finally the wire amendment was made 2 days ago, and the title company received the fund - but $25 short! Now the title company wants me to send another $25 through. I have already paid for the amendment fees which was due to the mix up (they now claim the account number provided to me in the first time was correct...), which now the title company say it's not their fault and they are not paying.

I sent the full amount and instructed my bank to deduct my account for any associated commissions and charges, and so I expected that they receive the full amount. Later, my bank told me it's probably the receiving bank or it's appointed intermediary charging some fees but my bank and I will not know if they do that or how much, unless the receiving party informs me first. I have waited for more than 24 hours for the title company and still nothing.

Anyone from overseas has any insights to share? This saga seems to go on and on, it's overtaken the joy of owning DVC points.

It's difficult with the 12 hour time diff, but I guess I have to make a call to the title company and find someone higher up to resolve this.
Our title company told us that there would be a receiving fee of $45. However an intermediary bank charged $20 which I wasn't made aware of by my bank when I wired the money. I was not happy as the Title compnay were short by $20 and I had to then do another wire for $20 shortage+$45 for another receiving fee +$20 for the intermediary bank so I ended up very out of pocket. I have no access to a secure fax machine so couldn't send my CC details and the wouldn't take them over the phone so i was stuck with the wire from the UK.
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Old 04-17-2013, 09:58 AM   #2007
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Originally Posted by Meggysmum View Post
Our title company told us that there would be a receiving fee of $45. However an intermediary bank charged $20 which I wasn't made aware of by my bank when I wired the money. I was not happy as the Title compnay were short by $20 and I had to then do another wire for $20 shortage+$45 for another receiving fee +$20 for the intermediary bank so I ended up very out of pocket. I have no access to a secure fax machine so couldn't send my CC details and the wouldn't take them over the phone so i was stuck with the wire from the UK.
I scanned the credit card form and sent it by email that worked for me whan i paid my deposit from the UK.

Also the first time we added on the agent quoted us the wrong amount to pay the bank fees so the agent agreed to absorb the difference. Guess we were lucky.

Also there is a lesson in this that maybe we should get in writing from the closing company exactly how much they need from us including fees before sending cash.
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Old 04-17-2013, 10:48 AM   #2008
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Thumbs up

Okay, lets see those passing contracts today! Anyone yet??
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Old 04-17-2013, 03:41 PM   #2009
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Closing documents received today(we are the seller). We found out we passed ROFR on 4/15. I thought that was a quick response time by TSS and *** .

Hoping to send documents back tomorrow and that buyer will get hers back quick and we can close early on your vacation house
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Old 04-17-2013, 04:34 PM   #2010
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Closing documents received today(we are the seller). We found out we passed ROFR on 4/15. I thought that was a quick response time by TSS and *** .

Hoping to send documents back tomorrow and that buyer will get hers back quick and we can close early on your vacation house
Congrats! Love that speedy timeline
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