Anyone made it through (or not made it through) ROFR recently? - Section I

[champagne27]

rdcoffee you are so creative!

Beca and Magicalfun - fingers crossed for you !

~Karolyn

 

[Scratch42]

Well Beca, here is plenty of that today is your Day!

Fingers, Ears, Eyes and Toes Crossed!

Scratch

 

[senecabeach]

I'll DITTO that....and...for Magicalfun.....

.............."You Too"..... Scratch42!!!!!!!!!

"Star light, Star bright...first star I see tonight.......wish I may..wish I might..etc.

 

[TinkTatoo]

You are bound to hear today Beca as it is St patrick's Day and we know how much you like Ireland so here is some lucky shamrock for you

 

[DEff]

I know this is going backward to ask after all of this time, but I wonder if there is a correlation between add-ons of small contracts passing versus small purchases for new memberships not.

Donna

 

[Beca]

You are bound to hear today Beca as it is St patrick's Day and we know how much you like Ireland so here is some lucky shamrock for you

You are SOOOO right!!! It's just gotta be my lucky day!!! And, "Happy St. Patrick's Day" to you, too!!!!

Scratch42 and magicalfun....I am crossing my fingers for you, too!!!



Beca

 

[monami7]

we passed amd we are new members so it seems to be ok.

 

[photomickey]

Hang in there Beca, I just found out today that our BCV contract made it through Disney at $81 per point with February use year. I have 175 points for '05 and all 210 starting '06. We submitted on Feb. 28th.

Can't wait to get the contract finished and plan our first trip as DVC members!

Good luck!

 

[Beca]

photomickey... THANKS!!! Still no word today...I am a litle bummed about that.

But, I did find the rules on ROFR. I thought I would post them here for anyone who is interested. They are as follows:

"Before purchaser may resell, transfer or assign purchasers's ownership interest to a third party, purchaser is required to offer it to DVC upon the same terms and conditions, including financing, as is offered by or to the third party. Accordingly, purchaser must notify DVD in writing no less than 30 days in advance of the proposed closing date of purchaser's intent to sell and must include a copy of the proposed transaction reduced to writing in all respects. Upon receipt of such written notice, DVD shall determine prior to the proposed closing date whether it wishes to exercise its right of first refusal. If DVD elects to exercise its right of first refusal, DVD shall notify purchaser in writing of such election, and the purchase by DVD shall be closed on or before the proposed closing date. If DVD fails to notify purchaser of its election to exercise its right of first refusal prior to the proposed closing date, purchaser my proceed to close the transaction with the third party upon the original terms and conditions offered by or to the third party. DVD's right of first refusal is a covenant that runs with the land and shall always be a requirement binding on any successor in title to purchaser. In addition, any permitted sale, assignment or transfer from an owner to a third party is deemed to contain a provision requiring that any sums due to the association as assessments must be paid in full as a condition of closing the sale.

Just thought you might find that interesting!!!



Beca

 

[Scratch42]

photomickey... THANKS!!! Still no word today...I am a litle bummed about that.

But, I did find the rules on ROFR. I thought I would post them here for anyone who is interested. They are as follows:

"Before purchaser may resell, transfer or assign purchasers's ownership interest to a third party, purchaser is required to offer it to DVC upon the same terms and conditions, including financing, as is offered by or to the third party. Accordingly, purchaser must notify DVD in writing no less than 30 days in advance of the proposed closing date of purchaser's intent to sell and must include a copy of the proposed transaction reduced to writing in all respects. Upon receipt of such written notice, DVD shall determine prior to the proposed closing date whether it wishes to exercise its right of first refusal. If DVD elects to exercise its right of first refusal, DVD shall notify purchaser in writing of such election, and the purchase by DVD shall be closed on or before the proposed closing date. If DVD fails to notify purchaser of its election to exercise its right of first refusal prior to the proposed closing date, purchaser my proceed to close the transaction with the third party upon the original terms and conditions offered by or to the third party. DVD's right of first refusal is a covenant that runs with the land and shall always be a requirement binding on any successor in title to purchaser. In addition, any permitted sale, assignment or transfer from an owner to a third party is deemed to contain a provision requiring that any sums due to the association as assessments must be paid in full as a condition of closing the sale.

Just thought you might find that interesting!!!



Beca

Very Interesting Indeed!

But of course, my agent isn't in until Saturday! I won't deal with anybody else!

Beca

Let's hope the good word comes out tomorrow morning!

Scratch

 

[Scratch42]

Need to Vent!

I get to sit back and watch another great contract pass me by because Disney Won't Get Off the Pot!





Scratch
Yep if I don't hear today, that will bring into week #9!

Thanks for letting me vent!

 

[disgirl]

Scratch I feel so bad for you. I am rooting that you and Beca will hear something today. You have waited sooooo long. Good Luck, have a good day!

 

[jnrrt]

Hey Scratch and Beca,

If it helps, even though I know they meet on Mondays and Thursdays, my agent didn't get the news until a Saturday. Maybe you've already passed and they just haven't told you yet!

Pixie Dust for you!

 

[JimMIA]

Hey Scratch and Beca,

If it helps, even though I know they meet on Mondays and Thursdays, my agent didn't get the news until a Saturday. Maybe you've already passed and they just haven't told you yet!

Pixie Dust for you!

Me too. Passed on Thursday presumably, but didn't hear until Saturday because my agent only works three days a week. Not a big deal for me, because I wasn't expecting an early approval, but hopefully today or tomorrow will work for both of you.

 

[TammyAlphabet]

To Scratch and Beca...I have all fingers and toes crossed today for the both of you....

 

[Daname]

Just a little info on my resale time line

Jan 21 submitted contract to disney
Feb 3 passed ROFR
Mar 8 closing, paperwork & check went into wrong file/jacket
Mar 18 in the system and have made reservations

now just waiting for my packet w/cards etc

Beca,
A very BIG THANK YOU for doing this thread and I am hoping and wishing that you and everyone that is waiting has some good news soon.
dd

 

[Scratch42]

Me too. Passed on Thursday presumably, but didn't hear until Saturday because my agent only works three days a week. Not a big deal for me, because I wasn't expecting an early approval, but hopefully today or tomorrow will work for both of you.

Found out my Agent won't be in until Saturday but that has not stopped me from phoning them!

According to the Receptionist, still no word from Disney!



Scratch

 

[JimMIA]

Found out my Agent won't be in until Saturday but that has not stopped me from phoning them!

According to the Receptionist, still no word from Disney!



Scratch

Scratch! This is NOT ! This is

 

[jnrrt]

Seriously, Scratch, this is ridiculous! I don't understand why you can't just close with what Beca posted about the 30 day closing date thing. Maybe I misunderstood, but I think you should talk to your agent about it.

I just don't understand how Disney can leave you in limbo this whole time. It's just not right.

And when I said that my agent didn't know until Sat., I didn't mean she wasn't working until then - she said that's when she actually heard. So maybe there is still good news coming your way. Let's hope!

 

[Scratch42]

I have my theories but then it would only be speculation on my part!

I will however bring Beca's quote to the attention of my Agent tomorrow.

I did mention it to them before but they "swear" there is not such clause!

I do beleive that a better record keeping of everything should be put in place that something like this does not happen again!

This is now bordering on the BIZZARE!

Scratch