DVC RESALES
DVC RESALES

Go Back   The DIS Discussion Forums - DISboards.com > Disney Vacation Club > Purchasing DVC
facebooktwitterpinterestgoogle plusyoutubeDIS UpdatesDIS email updates
Register Chat FAQ Tickers Search Today's Posts Mark Forums Read





Reply
 
Thread Tools Rate Thread Display Modes
Old 10-15-2012, 11:33 PM   #1
Msmithmd
DIS Veteran
 
Msmithmd's Avatar
 
Join Date: Jul 2012
Posts: 1,110

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.
Msmithmd is offline   Reply With Quote
Old 10-16-2012, 10:07 AM   #2
disneynutz


Earning My Ears One At A Time
 
disneynutz's Avatar
 
Join Date: Dec 2006
Location: North Texas
Posts: 18,733

Buyers can't wait to get in the system and make their first reservation.

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

Bill
__________________

disneynutz is offline   Reply With Quote
|
The DIS
Register to remove

Join Date: 1997
Location: Orlando, FL
Posts: 1,000,000
Old 10-16-2012, 10:59 AM   #3
cocoabio
Earning My Ears
 
cocoabio's Avatar
 
Join Date: Sep 2012
Posts: 10

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?
cocoabio is offline   Reply With Quote
Old 10-16-2012, 11:21 AM   #4
kkmousealow
Earning My Ears
 
kkmousealow's Avatar
 
Join Date: Sep 2012
Posts: 35

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 $$$$$$ !!!!
kkmousealow is offline   Reply With Quote
Old 10-17-2012, 01:22 AM   #5
Firepath
Mouseketeer
 
Firepath's Avatar
 
Join Date: Jul 2012
Location: ID
Posts: 164

Does anyone know what happens if the seller doesn't submit their paperwork by the closing date?
Firepath is offline   Reply With Quote
Old 10-17-2012, 09:03 PM   #6
cz4ever
Imagineer-in-training
 
cz4ever's Avatar
 
Join Date: Jun 2012
Location: Austin, TX
Posts: 199

Quote:
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.
cz4ever is offline   Reply With Quote
Old 10-18-2012, 05:13 PM   #7
revrob
A Custom Fairy
 
revrob's Avatar
 
Join Date: Sep 2000
Posts: 2,732

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.
revrob is offline   Reply With Quote
Old 10-18-2012, 11:53 PM   #8
cocoabio
Earning My Ears
 
cocoabio's Avatar
 
Join Date: Sep 2012
Posts: 10

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.
cocoabio is offline   Reply With Quote
Old 10-19-2012, 10:19 AM   #9
Lizard Valley
Mouseketeer
 
Join Date: Sep 2012
Location: Montreal, CANADA
Posts: 302

Quote:
Originally Posted by revrob View Post
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!
Lizard Valley is offline   Reply With Quote
Old 10-19-2012, 10:40 PM   #10
WILDERNESS FAN 55
CANNOT GET ENOUGH
 
WILDERNESS FAN 55's Avatar
 
Join Date: Feb 2007
Location: Chicago area
Posts: 866

Has anyone had this happen to them ? I called DVC MS to see where I was at in the system. My paperwork had been sent to them on the 10th. Was hoping they'd give me my info over phone.Instead they said "oh that contract closed in August" Since I didn't make an offer even until Sep 10 this made me nervous.He then put me on hold came back and told me contracts take 2 weeks to put in system.That would be next week the 24th. A little nervous I later e-mailed them about it and was told in closed in August.Did I have right contract # .I do and replied but they went home!!!! That leaves me the whole weekend wondering what's going on unless someone here can ease my mind. Thanks!
__________________
We're not the only people on this Island and we all know it!

Off site 72-76-76-77-78(MM 50th b-day) 79-81-82-85-86 FW-84-86-88-90-90-91-92-95-96
Poly 87 GF 88 CR 90 CBR 91-06-10
Disney Inn 93 ASM 95-96-02 CS 98
POFQ 97 DIXIE Landing 00 POR 07-08 WL-11
DL-Honeymoon-77 03 OKW -13 BLT-13 BWV-13
Trips planned 2015 WDW 2016 Aulani 2017 WDW XMAS
WILDERNESS FAN 55 is offline   Reply With Quote
Old 10-20-2012, 01:46 AM   #11
Firepath
Mouseketeer
 
Firepath's Avatar
 
Join Date: Jul 2012
Location: ID
Posts: 164

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!!!
Firepath is offline   Reply With Quote
Old 10-20-2012, 04:47 AM   #12
jennifer in canada
Mouseketeer
 
Join Date: Aug 2009
Posts: 219

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....
jennifer in canada is offline   Reply With Quote
Old 10-20-2012, 09:22 AM   #13
disneynutz


Earning My Ears One At A Time
 
disneynutz's Avatar
 
Join Date: Dec 2006
Location: North Texas
Posts: 18,733

Quote:
Originally Posted by WILDERNESS FAN 55 View Post
Has anyone had this happen to them ? I called DVC MS to see where I was at in the system. My paperwork had been sent to them on the 10th. Was hoping they'd give me my info over phone.Instead they said "oh that contract closed in August" Since I didn't make an offer even until Sep 10 this made me nervous.He then put me on hold came back and told me contracts take 2 weeks to put in system.That would be next week the 24th. A little nervous I later e-mailed them about it and was told in closed in August.Did I have right contract # .I do and replied but they went home!!!! That leaves me the whole weekend wondering what's going on unless someone here can ease my mind. Thanks!
Contact your Broker and check with them.

Bill
__________________

disneynutz is offline   Reply With Quote
Old 10-20-2012, 11:40 AM   #14
maburke
DIS Veteran
 
maburke's Avatar
 
Join Date: Mar 2002
Location: Atlanta
Posts: 1,246

Quote:
Originally Posted by WILDERNESS FAN 55 View Post
Has anyone had this happen to them ? I called DVC MS to see where I was at in the system. My paperwork had been sent to them on the 10th. Was hoping they'd give me my info over phone.Instead they said "oh that contract closed in August" Since I didn't make an offer even until Sep 10 this made me nervous.He then put me on hold came back and told me contracts take 2 weeks to put in system.That would be next week the 24th. A little nervous I later e-mailed them about it and was told in closed in August.Did I have right contract # .I do and replied but they went home!!!! That leaves me the whole weekend wondering what's going on unless someone here can ease my mind. Thanks!
Here's a guess: When I called last week, they seemed to need to look up the contract by the seller's name. My guess is that your seller had two contracts to sell, and they are looking at the wrong one. In fact, my contracts all have the same number to the left of the decimal, and only differ by the digits to the right. So I don't know how they tell the difference. Make sure you mention the resort and number of points in the inquiry.
__________________
Meghan & DH & ds 17 ds 14 (both with autism) dd 10



1972: Contemporary; 1991: Radisson; 1994: OKW; 2001: BC & Disney Wonder; 2002: BWI; 2003: BCV; 2004: OKW; 2005: BWV; 2006: HHI, GCH@DL; 2007: BWV, GCH@DL; 2008: BCV; 2009: AKV-Kidani/VB & THV; 2010: BLT/BCV; 2011: VGC; 2012:OKW; 2013: VGC; 2014: DLP
maburke is offline   Reply With Quote
Old 10-21-2012, 07:14 PM   #15
WILDERNESS FAN 55
CANNOT GET ENOUGH
 
WILDERNESS FAN 55's Avatar
 
Join Date: Feb 2007
Location: Chicago area
Posts: 866

Thanks maburke. I think I told the phone guy the name but....Tomorrows monday and I'll know more then I hope!
__________________
We're not the only people on this Island and we all know it!

Off site 72-76-76-77-78(MM 50th b-day) 79-81-82-85-86 FW-84-86-88-90-90-91-92-95-96
Poly 87 GF 88 CR 90 CBR 91-06-10
Disney Inn 93 ASM 95-96-02 CS 98
POFQ 97 DIXIE Landing 00 POR 07-08 WL-11
DL-Honeymoon-77 03 OKW -13 BLT-13 BWV-13
Trips planned 2015 WDW 2016 Aulani 2017 WDW XMAS
WILDERNESS FAN 55 is offline   Reply With Quote
Reply



Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

DVC-Resales.com | 1-800-550-6493 (Contact The Timeshare Store) | DVC Resale Listings

facebooktwittergoogle plus youtube itunesDIS Updates
GET OUR DIS UPDATES DELIVERED BY EMAIL



All times are GMT -5. The time now is 08:14 AM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright © 1997-2014, Werner Technologies, LLC. All Rights Reserved.