When do Closing Docs Come?

Discussion in 'Purchasing DVC' started by Belle & Ariel, Aug 30, 2013.

  1. Belle & Ariel

    Belle & Ariel DIS Veteran

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    2,037
    I am getting a bit ahead here but trying to figure when things happen after ROFR.
    From reading about the Tuesday before 30 days, I would expect our ROFR to be Tues. Sept. 16.
    We will be leaving for vacation the following Friday for 10 days.
    Will estoppel be say the 17th for a week or so and then they send closing papers? Do we send check back with the paperwork or before?
    I'm trying to figure if we need to make arrangements to get closing papers and cashier's check taken care of while we are gone. Don't wanna hold up closing.
    TIA!
     
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  3. Figaro8398

    Figaro8398 Mouseketeer

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    We were told 10-14 days but we had them in 5.
     
  4. lawboy2001

    lawboy2001 Soon to be DVCer

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    Jun 15, 2013
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    I think timelines can vary. My ROFR came through late on Monday night and I received all the closing docs that Thursday, and sent them and the funds back on the Friday, because I was going on vacay for over a week.

    To be safe, you can always send in the funds before your leave and then receive the closing docs by email, sign them and scan them back to the broker.
     
  5. disneynutz

    disneynutz DIS Veteran DIS Lifetime Sponsor

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    Talk to your broker, that is what they are there for. Schedules change and they would have the up to date info.

    :earsboy: Bill
     
  6. agie65

    agie65 New Disney Fan DVC Gold

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    May 6, 2013
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    539
    After ROFR everything depend one closing agent, only thing broker can do is call and stay on top of seller to send the docs on time. If ROFR happens in the first 3 weeks of the month estoppel should not take much longer. At the end of the month DVC holds it till the first of the month. Your closing agent can help you out on this matter. They can also give you total closing cost and if you want to be super sure can send extra money and closing agent can refund the money left over from closing. I like MVT for closing so no matter who the broker is I ask them to send closing to MVT so I can get a faster response on questions and a super fast closing. I just closed on one contract in 8 days after ROFR. And if your seller has special situation it can take longer to get the docs back for closing.
     

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