The Timeshare Store timeline

Discussion in 'Purchasing DVC' started by Pumbas, Apr 28, 2014.

  1. appleorchard

    appleorchard DIS Veteran

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    We just sold two small BLT contracts and are replacing them with another BWV contract. One seems to be moving faster than the other. Here's our timelines:

    35 points BLT. Offer accepted 3/10 and contracts signed.
    ROFR 4/9
    Closing docs received and returned 4/25
    Recorded Orange County 5/8

    Just over 8 weeks

    65 points BLT: Offer accepted 3/16 and contracts signed
    ROFR 4/21

    Still waiting for Disney to provide estoppel information according to Jason at the Timeshare Store. This contract was signed just one week after the first, but ROFR took 5 days longer and we're now 2 weeks past the date we received the closing docs on the first contract, so it's taken an extra week -- and we haven't got them yet.
     
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  3. holden

    holden DIS Veteran

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    I don't have detailed dates of our entire process, but...

    3/7 - Offer made/accepted
    3/8 - Sent to ROFR
    4/24 - Closing docs and $ overnighted to title company
    Today - Still waiting to close!

    We were scheduled to close on 5/2, but apparently there was a problem with the seller's docs. They were late sending the docs in and don't seem to be in any hurry to get their $. This is the most frustrating part of the process, especially since we are hoping to use some points for our Nov. trip.
     
  4. skier_pete

    skier_pete None

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    I'm feel for you. Our contract has 127 "Freebie" points (don't pay maintenance fees on) that expire in November. We're hoping for a long-weekend in October such that we already bought the airfare.

    We were also scheduled to close on 5/2, but didn't close until 5/6. I think it was also the seller's that caused the delay. Seller's remorse?

    Anyways, we are now just waiting the 2+ weeks to get into the Disney system, and it's killing me. You think the wait for closing is bad. :crazy2:
     
  5. maggiegirl

    maggiegirl Mouseketeer

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    Here'sour timeline with Timeshare store:

    Offer accepted feb 26
    Sent to ROFR March 1
    Passed ROFR March 26
    Received closing docs April11
    Closing docs and check at Magic Vacation title April 22
    Registerd at the OCC site April 29
    Member ID from member accounting And points available May 6
     
  6. Pumbas

    Pumbas Mouseketeer

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    Received Title Docs: 4/13
    The seller signed the docs on 4/11
     
  7. appleorchard

    appleorchard DIS Veteran

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    We're still waiting and getting very nervous that there's something wrong. Keep telling ourselves it's just a slow process but if Disney only sends out estoppel papers(whatever those actually are lol) we've got another week to wait. We need the proceeds from this sale to pay for the contract we just bought, hopefully that one doesn't go lightening fast or we'll be in a bind.
     
  8. keishashadow

    keishashadow <font color=red>Proud Redhead<br><font color=green

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    My timeline, thus far...

    (not thru TSS (although I used them last resale purchase:thumbsup2) not sure if it's permissible to list another broker's info or not, but closing company that is handling transaction is Timeshare Title & More)

    Offer Made & Accepted April 10
    Sent to ROFR April 11 (+1)
    Passed ROFR May 7 (+26 days = 27 days)
    Received closing docs May 12 (+5 days = 32 days)
    Closing docs and check at title company May 13 (+1 day = 33 days)
    Registered OCC May 19 (+6 days = 39 days)

    we were advised that sellers were going out the country this weekend, combined with us also traveling in the following weeks, we were cutting it close. Yet, it produced a seller highly motivated to get their docs back to title company.

    This contract has a different UY from our current one, but it will be titled the same with DH & me as owners. I've asked everybody involved (agent, closing co. & DVC MS) as to whether we'll have the same member # or not, but told it varies. :rolleyes1Would be nice to have them tied into same number, not a deal breaker.
     
  9. holden

    holden DIS Veteran

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    Out deed is finally on the Orange County site (as of 5/12)! Now we just have to wait for our points to be available in our DVC account.
     
  10. appleorchard

    appleorchard DIS Veteran

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    Yay! We got our closing documents! So our timeline is:


    65 points BLT: Offer accepted 3/16 and contracts signed
    ROFR 4/21
    Closing docs: 5/15
     
  11. han22735

    han22735 Mouseketeer

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    We passed 4/30 and the title company still says nothing from disney on the estopple. We are supposed to close on 5/19 so it doesn't look like that will happen. Anyone pass around the end of last month get the closing docs yet?

    Thanks
     
  12. skier_pete

    skier_pete None

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    Got our member # today!!


    Offer made & accepted: 3/7
    Disney notified, ROFR process begins: 3/11 (4 days)
    Passed ROFR: 4/9 (29 days)
    Closing docs: 4/25 (16 days)
    Closed/Deed registered: 5/6 (11 days)
    Membership # from Disney: 5/19 (13 days)

    Total time: 73 days!
     
  13. Luv2PixieDust

    Luv2PixieDust Earning My Ears

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    We passed 4/25 and received our closing docs on 5/13. I would call them. One of the documents had a print date of 5/9 at the top of it....makes me wonder if we could have received sooner.
     
  14. Luv2PixieDust

    Luv2PixieDust Earning My Ears

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    I was looking over posted timelines of the deed recording date and the date of receiving a member number. What confuses me is that some folks are calling DVC member services to obtain the number, on other posts I've read of people calling DVC Accounting to obtain it. My question is, if you have posted a date for receiving your DVC member numer does that mean you received it in the mail? Had to call?

    Our deed was recorded today and I am anxious to make a reservation!

    Thanks all!
     
  15. JessseJ

    JessseJ Mouseketeer

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    We are going through the Timshare Store...we passed on 5/2 and I was told by the title company today that they received the estoppel on 5/16. She is sending the closing docs to the broker to review today so I'm hoping that we get them by tomorrow. While it will all be worth it in the end, for now the waiting is torture!!
     
  16. Jennasis

    Jennasis DIS life goes on

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    We got our deed in the mail yesterday.
     
  17. han22735

    han22735 Mouseketeer

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    That's good to know. I still haven't heard anything. Are you using magic vacation title? I emailed them today but haven't heard back. This wait is driving me crazy. I want to use my points for a trip this November the week before thanksgiving.
     
  18. han22735

    han22735 Mouseketeer

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    Received closing docs today. So 20 days from passing ROFR. Onto the last stage of the waiting.
     
  19. GAVSMOMS

    GAVSMOMS Earning My Ears

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    Sent to Disney on 4/1, on 4/30 passed ROFR, received closing documents today. This seems to be taking forever but things are coming along just like they said they would. I guess just like everyone you hope it will be faster.
     
  20. Pumbas

    Pumbas Mouseketeer

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    DVC Accounting provided me with member number.
     
  21. Millionaire2K

    Millionaire2K Mouseketeer

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    Offer made & accepted: 4/8
    Disney notified, ROFR process begins: 4/8
    Passed ROFR: 5/9
    Closing docs: 5/22
    Closed: pending
    Orange County Comptroller recorded: pending
    Membership # from Disney: pending
     

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