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

[Buckeye Fan]

Congrats, everybody! I submitted (as a buyer) 3 OKW contracts on 3/7, so I hope Disney hurries up already!

dbs1228, I really don't think you have anything to worry about (in terms of time lines). If anything, Disney will be trying to get through the back-log so they can get back to normal. Once you close, if you are close, I would give them a call and ask them if/what you can do. I've read where they've made exceptions before, but I'm not sure if it's a standard practice of not.

 

[JWG]

I'm intrigued by the return to a 3 week window on ROFR. Was there an initial surge in resales after the announcement, then a lull and now a 2nd surge as the deadline approached? Did this allow Disney to catch up on ROFR for this "mid-term" sales in later February and early March?

The closing timeframe is interesting. Our contract signed 3/18 and submitted 3/19 stipulates a 4/29 close. If we don't here on ROFR until 4/19, we could miss the 4/29 close if really 12 days.

 

[ORD2KOA]

We are being told 3 weeks for closing docs! For these title companies, it's an all out blitz!

We were notified on Sunday (3/20) that the contract we're selling passed ROFR. I got the closing papers this afternoon (3/23) and as soon as I can get to a notary, will be sending them to the title company. TTS is our broker, *** is handling the escrow and closing.

 

[Buckeye Fan]

We were notified on Sunday (3/20) that the contract we're selling passed ROFR. I got the closing papers this afternoon (3/23) and as soon as I can get to a notary, will be sending them to the title company. TTS is our broker, *** is handling the escrow and closing.

Fortunately, I am in no hurry. However, it says they are waiting on the estoppels info from Disney to prepare the docs. I am sure given the volume, they are overestimating the wait time, just like a restaurant!

 

[ORD2KOA]

. I am sure given the volume, they are overestimating the wait time, just like a restaurant!

I think that's right. Better to overestimate and keep us all calmer as we watch our calendars.

 

[VickiVoice]

Fortunately, I am in no hurry. However, it says they are waiting on the estoppels info from Disney to prepare the docs. I am sure given the volume, they are overestimating the wait time, just like a restaurant!

We passed ROFR on 3/13 and were told 12-15 days for docs. Still nothing. (sigh...) My friend passed ROFR with TTS on 3/11 and got her closing docs on 3/18. (We are waiting on Timeshare Title & More.) Sometimes they overestimate the wait time, sometimes they hit it right on!

Gonna need lots of pixie dust to get something booked for that first week in June, I'm afraid. We have lots of 2009 points to use. In the e-mail age, I forgot how excruciating it can be to wait for the snail mail to come every day!

Sending everyone speedy thoughts!!!

 

[dbs1228]

We were notified on Sunday (3/20) that the contract we're selling passed ROFR. I got the closing papers this afternoon (3/23) and as soon as I can get to a notary, will be sending them to the title company. TTS is our broker, *** is handling the escrow and closing.

That is great! Ok now I really cannot figure it out. We passed ROFR (seller) on 3/17 also TSS and still nothing, no closing docs. I wonder what their methods are? Oh well I will keep checking!

 

[saintstickets]

Take us off the wait list! Passed ROFR today!
50 pts @ VWL - Mar UY - 30 banked 2010 pts, all 2011 & 2012 pts
$65/pt - Buyer pays closing - Seller pays 2011 MF - Fidelity - Current Member

Timeline:
2/23 (Wed) - Called Sharon @ Fidelity about new contract listed @ $75/pt. Made offer of $65/pt, buyer pays closing, seller pays 2011 MF. Rec'd call back within 15 minutes that seller accepted offer.
2/28 (Mon) - Rec'd contract via email. Delayed receiving due to incorrect email address.
3/01 (Tue) - Faxed signed contract back to Fidelity
3/04 (Fri) - Rec'd email that contract had been submitted to Disney
3/09 (Wed) - Rec'd copies of seller signed contracts
3/24 (Thur) - Rec'd email that contract was waived from ROFR

Not bad...20 days from submission to passing ROFR. Should receive closing documents within 15 days. It will take Title company another 15 days to process. Points should be in the system 5 to 7 days later.

 

[Dawn16]

Yes - Lunenburg - and I just heard tonight that we passed!

Awesome! Congrats to another new Massachusetts BWV owner

I have a friend in Lunenburg actually. Small World.

 

[ORD2KOA]

That is great! Ok now I really cannot figure it out. We passed ROFR (seller) on 3/17 also TSS and still nothing, no closing docs. I wonder what their methods are? Oh well I will keep checking!

We're also the seller on this one. Maybe it's time to check with ***?

 

[DVCconvert]

Passed Rofr on another one! Please move this one off the waiting list:

210 VB (Feb) $40, 9 '11 pts, all '12 pts, buyer pays closing, buyer and seller split mf

Submitted on 03/06/11
Passed rofr 03/24/11

 

[lowe@massed.net]

Take us off the wait list! Passed ROFR today!
50 pts @ VWL - Mar UY - 30 banked 2010 pts, all 2011 & 2012 pts
$65/pt - Buyer pays closing - Seller pays 2011 MF - Fidelity - Current Member

Congratulations, Bill and WELCOME HOME!

 

[lowe@massed.net]

Passed Rofr on another one! Please move this one off the waiting list:

210 VB (Feb) $40, 9 '11 pts, all '12 pts, buyer pays closing, buyer and seller split mf

Submitted on 03/03/11
Passed rofr 03/24/11

Wow! They're flying fast and furious! Congratulations on this contract, too.

 

[lowe@massed.net]

Awesome! Congrats to another new Massachusetts BWV owner

I have a friend in Lunenburg actually. Small World.

I may know them - I've lived here all my life and it's a small town. I may have even taught them.

 

[skylynx]

Our 25 point add on at VWL passed ROFR. $84 pt. April use year. All '11 points coming. Buyer paid closing costs.

Time frame:

Bid on contract 3/4 Bid accepted and contracts sent to us 3/4.
Retured by fax 3/4, overnighted deposit check and original docs 3/4
Contract sent to ROFR 3/5
Passed ROFR 3/24

TSS has been GREAT communication-wise throughout this process! Fingers crossed the closing docs come and things go as smoothly as they have thus far!

 

[DVCconvert]

Another one passed ROFR !

150 VB (Feb) $35, 23 '11 pts, all '12 pts, buyer pays closing, buyer and seller split mf

Submitted 03/06/11
Passed 03/24/11

 

[dbs1228]

We're also the seller on this one. Maybe it's time to check with ***?

I called today as a matter of fact and they said yes we have all the paper work we need but did not give a time line. I wonder if it has anything to do with the fact we are selling VGC and maybe something different they have to do with Calif.? I will wait a few more days and call again with more specific questions if I do not hear. BTW they were very nice, I just did not want to bother them with to many questions rather have them working on my contract

 

[lowe@massed.net]

Our 25 point add on at VWL passed ROFR. $84 pt. April use year. All '11 points coming. Buyer paid closing costs.

That's great, skylynx!

 

[Buckeye Fan]

Another one passed ROFR !

150 VB (Feb) $35, 23 '11 pts, all '12 pts, buyer pays closing, buyer and seller split mf

Submitted 03/06/11
Passed 03/24/11

Way to go! That's an awesome one. A couple of years ago when I got mine at $60, I thought I was getting the most awesome deal in the world. No one thought it would pass. Look what a difference a couple of years make!

Mine should be coming in soon. Submitted 3 contracts for OKW on 3/7. Keeping fingers crossed.

Congratulations!

 

[DisDad07]

Just heard we PASSED

210pts OKW (sept) $52 pt All '10 pts and all '11pts
buyer pays closing and mf

submitted: 3/3/11
passed: 3/24/11