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

[Mlissa88]

Passed on 3/24 through Fidelity and got the contracts in email today.

Thanks MsRem...you give me hope that I might have them tomorrow...nothing today but maybe tomorrow.

 

[shonadamson]

I think 4 weeks to get the closing documents is beyond ridiculous. I passed ROFR on 4/5 It doesn't look like I will be in the Disney system to the end of May. I can see maybe two weeks to get info and send the documents. Maybe they need to do what the IRS does for their busy season and hire a couple of more people who can process these.

 

[Mlissa88]

Thanks MsRem...you give me hope that I might have them tomorrow...nothing today but maybe tomorrow.

And....nothing again today. ROFR was nothing compaired to this wait time...

My offer was made and accepted on 2/18,
ROFR was 3/24
Still waiting for my contract and closing as of 4/20....


Glad I wasn't in a rush but I would like to get this over with...

 

[Joey7295]

Passed on 3/24 through Fidelity and got the contracts in email today.

I am still waiting on my contracts. Maybe i will give them a call in the morning.

 

[Mlissa88]

I am still waiting on my contracts. Maybe i will give them a call in the morning.

Let us know if you have luck!

 

[Joey7295]

I just got off the phone with Sharon from Fidelity and I was told that I should have my documents by wednesday for the contract that passed 3/24. I was also told that I should receive the documents on another contract that passed on 4/6 by 5/2. A month seems a little too long.

 

[bulldogbaker]

Our closing documents came via email today. We passed ROFR 4/25. So ours went through rather quickly! I will be mailing them off tomorrow!!! The sooner we get them mailed in, the sooner we become DVC members!!!!!

 

[MsRem]

I can already tell the wait between sending off the signed contracts/wire transfer and getting in the Disney system is wayyy worse than any wait thus far lol.

 

[saintstickets]

Passed ROFR 3/24/11 (Fidelity). Received closing docs 4/16 after contacting Fidelity and then Title company. This is longer than the 15 days we had been told. It is now 4/21 and we are told we are waiting on seller to return the closing docs. Am I supposed to REALLY believe the seller has not signed the closing docs and returned them immediately? Sighhhhh.....so much for that trip in May before our AP's expire.

 

[Mlissa88]

Passed ROFR 3/24/11 (Fidelity). Received closing docs 4/16 after contacting Fidelity and then Title company. This is longer than the 15 days we had been told. It is now 4/21 and we are told we are waiting on seller to return the closing docs. Am I supposed to REALLY believe the seller has not signed the closing docs and returned them immediately? Sighhhhh.....so much for that trip in May before our AP's expire.

ugh...I that stinks. I'm throwing some pixie dust your way. I hope your sale closes soon.

To you other 3/24 folks... I finally got my paperwork today. I faxed it back and the money will be wired tomorrow. Here's hoping that the seller wants their money quickly and signs/returns it fast...

 

[dbs1228]

Passed ROFR 3/24/11 (Fidelity). Received closing docs 4/16 after contacting Fidelity and then Title company. This is longer than the 15 days we had been told. It is now 4/21 and we are told we are waiting on seller to return the closing docs. Am I supposed to REALLY believe the seller has not signed the closing docs and returned them immediately? Sighhhhh.....so much for that trip in May before our AP's expire.

Just remember the sellers have to have about 5 documents notarized TOGETHER! This was a challenge for my DH and I since he leaves for work at 5:15 am and does not get home until 5 - 6 PM. We got closing documents on the contract we were selling on a Tuesday and had to wait until Saturday to go to our bank to get them notarized, then mailed them Monday. On bright side, our closing happened within days after they received our contract.

Good luck everyone I am in the same boat waiting to close, sent check and closing papers in for our purchase on 4/19.

 

[KAT4DISNEY]

Just remember the sellers have to have about 5 documents notarized TOGETHER!

And what a complete pain in the you know where! I was out of town last week when the documents came. Then in our area it's unbelievably difficult to find a notary that will witness for real estate documents. So one week after getting the documents we got them returned. I got a notice from the closing agent that they received them but were still waiting for the buyers documents!

 

[Miz Diz]

We passed 3/24 and still have not closed. I am starting to wish we did not purchase because we now need to buy a new car. It would be nice to be able to put a larger down payment on it.
We have already paid $500 to Fidelity. Can we back out now? Or will we forfeit the deposit?

 

[KAT4DISNEY]

We passed 3/24 and still have not closed. I am starting to wish we did not purchase because we now need to buy a new car. It would be nice to be able to put a larger down payment on it.
We have already paid $500 to Fidelity. Can we back out now? Or will we forfeit the deposit?

That will be spelled out in your contract for purchase that you signed, and yes, you would lose the deposit.

 

[ORD2KOA]

Just remember the sellers have to have about 5 documents notarized TOGETHER! This was a challenge for my DH and I since he leaves for work at 5:15 am and does not get home until 5 - 6 PM. We got closing documents on the contract we were selling on a Tuesday and had to wait until Saturday to go to our bank to get them notarized, then mailed them Monday. On bright side, our closing happened within days after they received our contract.

Good luck everyone I am in the same boat waiting to close, sent check and closing papers in for our purchase on 4/19.

That's true, but don't depend on your bank to notarize them for you. Wachovia/Wells Fargo wouldn't do ours. We went to the UPS store and coughed up about $30 for the notary fees.

I'm waiting on my sellers to get their paperwork back in. I'm biting my nails about early December reservations. They've had the paperwork for a week.

 

[Joey7295]

I just got off the phone with Sharon from Fidelity and I was told that I should have my documents by wednesday for the contract that passed 3/24. I was also told that I should receive the documents on another contract that passed on 4/6 by 5/2. A month seems a little too long.

I was given the phone number to the Title company. I called yesterday and the person I spoke to pulled both contracts and said she would work on them. I received them this morning and will be mailing them back today.

 

[ORD2KOA]

And....nothing again today. ROFR was nothing compaired to this wait time...

My offer was made and accepted on 2/18,
ROFR was 3/24
Still waiting for my contract and closing as of 4/20....


Glad I wasn't in a rush but I would like to get this over with...

On the contract we sold, Disney waived on 3/20, I had the paperwork on 3/23 and we closed on 3/31.

On the one we're buying, Disney waived on 4/4, I had the paperwork on 4/15 and now we're waiting on the seller to return their paperwork so we can close.

 

[chicagosfinest]

We submitted a BCV 170 point contract (Dec use year) $66/point with all 2010, 2011, 2012, etc points on 3/18 to Disney - we paid closing costs and all dues for 2011 upfront.

I called the closing company yesterday and found it that we passed ROFR and we are happy Disney now has all my money, lol.

It was a no reserve listing on eBay which we were the high bidders. The seller was CJ Timeshares. So far so good with them, a good experience.

Once all the points are in the system for use, etc I will post again.

 

[dbs1228]

We submitted a BCV 170 point contract (Dec use year) $66/point with all 2010, 2011, 2012, etc points on 3/18 to Disney - we paid closing costs and all dues for 2011 upfront.

I called the closing company yesterday and found it that we passed ROFR and we are happy Disney now has all my money, lol.

It was a no reserve listing on eBay which we were the high bidders. The seller was CJ Timeshares. So far so good with them, a good experience.

Once all the points are in the system for use, etc I will post again.

GREAT deal, good job! Welcome home!

 

[JWG]

Update on our 50 pt BLT, August use year...

3/18 - Sign contract
3/19 - Submitted for ROFR
4/11 - Passes ROFR
4/22 - Receive closing Docs, sign and get cashier's check
4/23 - Sending check via priority and certified mail
?/?? - Close
?/?? - Points available

Getting closer.