Got closing docs now what

Discussion in 'Purchasing DVC' started by geniegirl, Jul 10, 2013.

  1. geniegirl

    geniegirl DIS Veteran

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    Sending our closing docs overnight tomorrow. The letter says it coud take 4 weeks for the deed to be recorded and before disney is told. Then from what I read it could be another 2 weeks o get into the system.

    Is that truly the case, does it take 4 weeks to go through Orange County and get to disney. Just trying o get a timeframe here.

    Thanks
     
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  3. Minniesgal

    Minniesgal DIS Veteran

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    Unfortunetly it could take four days or four weeks it is hard to get a timeline. Depends mostly on how quick sellers return documents. Mine took 4 weeks but many are quicker.
     
  4. Msmithmd

    Msmithmd DIS Veteran

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    Don't bother sending your stuff overnight. Extremely unlikely (like no chance) the seller will do this. They have to go have theirs notarized. And from their perspective, leaving or reducing DVC, they don't have the urgency that you do. Most sellers take over a week to return the papers to the agency.

    Yes, it may be a month for your points to be loaded and ready to use. But if that causes a problem with booking a reservation in the next seven months, just stay on cash using a fraction of the money you saved by not buying direct.
     
  5. PaxsMom

    PaxsMom Mouseketeer

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    I used UPS Ground (2 days) so that way we had a tracking number with our check. Our sellers were great and returned it in 3 days. However, I am on week 2 with no package from Disney.. points, etc. since we closed.
     
  6. goofydad621

    goofydad621 DIS Veteran

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    it took 2 weeks from the time we sent our check in for the sellers to send their signed paperwork and that was with me following up with firsts the closing company and then the broker, Broker called them at the almost 2 week point of us receiving the closing paperwork and they had not signed or notorized it yet, that was on a Thursday, was told they would have and notorize and send the paperwork the following Monday, The Monday after that I called the closing company repeatedly and finally talked to my closing agent late afternoon and she said it had closed, For us not a quick process now waiting for it to go into Disney system.

    Good luck and enjoy
    goofydad621
     
  7. AJA

    AJA DIS Veteran

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    As a buyer and seller through resell I agree with the pp, don't overnight anything the seller will not go to the extra expense (as the seller it took us 5 working days to make an appointment and have our documents notarized).;)

    As a resell buyer, it was about 6 weeks from the point of sending in our check until we had all our paperwork/cards and made our first ressie. We were not in a rush though and could have called and made a ressie before we got all our info in the mail.

    I believe it can take up to 4 weeks for the property to be recorded at the city office (remember it is a property transfer!) on the other side, the seller doesn't get their money until it's recorded either.
     
  8. goofydad621

    goofydad621 DIS Veteran

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    Ok that is good to know for some reason I thought it went to the city office allot faster but probably wishful thinking on my part
     
  9. Ggatorgirl

    Ggatorgirl Mouseketeer

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    Got an email on July 1st that we had closed on our resale.

    Checked the Orange County website on July 3 and found the deed had been recorded on July 2....so 1 day to process by the County.

    Still don't have word from DVC that the contract has been assigned to us or that the points are available to us.
     
  10. goofydad621

    goofydad621 DIS Veteran

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    ok just checked the orange county site and our deed is showing up YAY:cool1:

    Thanks all
     
  11. geniegirl

    geniegirl DIS Veteran

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    Thanks sent an email to our agent and closer both who are out of the office till Monday. Here's hoping it moves fast.
     
  12. AJA

    AJA DIS Veteran

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    It can happen much faster. We were informed it could have taken up to 30 days kwim? Like everything else with city government (or any big agency I suppose) sometimes it works quickly........and sometimes not.;)
     
  13. jaimelynn476

    jaimelynn476 Earning My Ears

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    Is there a way to look at what is available before receiving our information from Disney? We bought resale through Fidelity and it closed about 2 weeks ago. We have points that will expire at the end of August. It is so frustrating not being able to access the website to see if anything is available.
     
  14. vicki_c

    vicki_c DIS Veteran

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    Sorry, but no. Hopefully you be all set up very soon.
     
  15. dcfromva

    dcfromva <a href="http://www.wdwinfo.com/dis-sponsor/index.

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    In my experience, it should only take a day or two after closing for the deed to be recorded (and show up on the OCC web site). The next wait is for Disney to actually load the points on the buyer's account. We just sold a contract which was recorded on Jul 2nd and the points were finally loaded on to the buyer's account today (or yesterday). I have been watching for when I can no longer see the sold contract points when I log in. So, that was almost two more weeks after being recorded.
     
  16. dcfromva

    dcfromva <a href="http://www.wdwinfo.com/dis-sponsor/index.

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    We have sold two contracts and used overnight to return the closing docs both times. Even when I was out of town, we returned the closing docs in 5 days (would have been less time, but I returned home on a weekend). In the latest case, our buyers didn't return their closing docs until almost 2 weeks after receiving closing docs-no big deal as they have the hard part (sending in the $$- :) ) and they still had another 10 days to get the docs in per the contract.

    From one seller's perspective, we made the decision to downsize--we don't need as many points as we had accumulated. I can't wait for the whole long process to be over--I realize it takes about 2 months from the time the contract is submitted (at a minimum)--best to get 'er done! (Technically, it won't be completely done for us until taxes are done next year.)

    I suspect that the stuff you hear about on this board is some of the unusual stuff. Still, while this might just hold up the process by a day-the buyer could wait to return the closing docs until they were assured by the closing company that they had received the sellers closing docs.
     
  17. geniegirl

    geniegirl DIS Veteran

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    Talked to closing agent today and sellers were meeting with notary today and mailing package after that. She said that they would e-file the deed and mail it to disney the same day. Sounds like it will be faster than the estimate we got with the package and that loading the points will be the longest wait for now.
     
  18. geniegirl

    geniegirl DIS Veteran

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    2 weeks since we got papers and 1 week since we returned ours and sellers packet still hasn't arrived. They said they mailed it a few days ago but hasn't come in yet. If I was selling I would want my money. Very frustrating.
     
  19. ImagineerTHAT

    ImagineerTHAT Imaginerd

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    When is the closing deadline on your contract? Tell them if you don't close by then you are canceling your purchase.
     
  20. geniegirl

    geniegirl DIS Veteran

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    Ugg. So they got the papers yesterday but the sellers did something wrong and have to resend. Agent said contract said we were to close by the 12th or 30 days from something (I think passing rofr) so she said we still have time but its just frustrating. Better than starting over but still frustrating.
     

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