Current delays in receiving closing documents

Discussion in 'Purchasing DVC' started by Helenr, Apr 9, 2014.

  1. Helenr

    Helenr Earning My Ears

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    We are in the process of buying an additional resale contract.

    We passed ROFR on 3/18, but we are still awaiting our closing documents.

    We have been told the delay is being caused by Disney. It providing the information for the estoppels.

    Is anyone else having the same delays?

    Thanks
     
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  3. graychef

    graychef Mouseketeer

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    I passed ROFR on March 18. I contacted my closing company on April 7 and received my closing documents on April 8 (exactly three weeks after ROFR). I was told that Disney sent the account information over the weekend, followed by a fairly quick turnaround of the closing docs.
     
  4. supersnoop

    supersnoop DIS Veteran

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    Yes, I'm waiting, too. I saw one person who passed on the 18th say they got their closing documents. There were a lot of us, and I don't think anyone else has received the paperwork yet.
     
  5. Carlnne

    Carlnne DIS Veteran

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    I passed 3/18, received my closing docs last night (4/8). My "scheduled" closing date was originally 4/14 so now I have to hurry to overnight papers and cashiers check to make it on time.

    I dont know why Disney would drag it out. All those points could be potential trips that would make them tons of money in park tickets, food, merchandise, etc.
     
  6. Best Aunt

    Best Aunt "That's the best-est present ever!"

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    I'm another one who passed ROFR 3/18 (after 32 days), got my closing papers 04/03.

    I also was told that Disney was causing delays in getting the paperwork prepared after contracts passed ROFR. I asked on 03/26 and was told that the title company was still waiting for Disney to provide the info on 75 contracts that passed ROFR the week before me.
     
  7. MouseyMin

    MouseyMin DIS Veteran

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    I'm yet another one who passed ROFR on 3/18. I just got my closing docs a few minutes ago.

    On another thread on this site, a member posted last week that Disney had changed their software and so got behind on issuing the papers. (I'll refrain from making the obvious analogy!!)
     
  8. disneynutz

    disneynutz DIS Veteran DIS Lifetime Sponsor

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    Disney is like many small business units. DVC doesn't get any benefit when you buy anything other than a member experience, member cruise or a direct contract.

    :earsboy: Bill
     
  9. maggiegirl

    maggiegirl Mouseketeer

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    We passed ROFR on March 26th - still waiting on Closing docs
     
  10. donnav025

    donnav025 Earning My Ears

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    Passed ROFR 3/26 also and received closing docs today, exactly 2 weeks. Seems it is all over the map.
     
  11. CarolynMink

    CarolynMink Mouseketeer

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    Passed ROFR on 3/18 got paper work two nights ago.
     
  12. jmmess

    jmmess Mouseketeer

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    We also passed on 3/26 and broker told me the week after that Disney was slow in responding. I called the title co. on 4/8 and was told they were waiting on the estoppel and that it had just come in, so received closing doc first thing the next day. Our contract had a TBA closing date, so no hurry to get paperwork in as the sellers have to get their docs notarized.
     
  13. all4wdw

    all4wdw Mouseketeer

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    Passed ROFR 3/26. Still no closing docs. Spoke to title company and they said hopefully next week. Purchased thru Timeshare Store
     
  14. Pumbas

    Pumbas Mouseketeer

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    Passed ROFR on 3/18, still have not received closing docs. Check out Thread on ROFR & Resale Closing Timeline (thru Fidelity). Its seems that many Fidelity customers who passed on 3/18 got closing docs last week. I emailed TTS & Magic Vacation Title and was told I was on this weeks file and should receive docs this week. I'm still waiting.

    I understand may Disney send large files to closing companies but if the volume is too high & the company can not support the demand, then perhaps they should hire additional staff.
     
  15. supersnoop

    supersnoop DIS Veteran

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    Just received my closing docs. I guess the title company is working though a backlog.
     
  16. Pumbas

    Pumbas Mouseketeer

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    . Who did you purchase through?
     
  17. maggiegirl

    maggiegirl Mouseketeer

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    We bought from TTS and Magic Vacation Title is handling the docs. I was informed this morning they are still waiting for Disney to send the Estoppels. :(
     
  18. AppleDisneyDad

    AppleDisneyDad Quietly Lurking DVC Gold

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    Passed ROFR 3/18, received closing docs this morning from TT&M. They sound slammed and as frustrated with the delays as we are.
     
  19. Pumbas

    Pumbas Mouseketeer

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    Closing docs arrived tonight.
     
  20. Noelle

    Noelle Kungaloosh!

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    Great News! You'll be closed in no time. pixiedust:
     
  21. MouseyMin

    MouseyMin DIS Veteran

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    I'm happy for you!

    I sent back my documents today - hopefully the closing will be soon. I hope our ROFR group from 3/18 can all get into the system by 4/30 so we can take advantage of the discounted annual passes!
     

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