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

[goldenears]

A little behind on posting our timeline but here it is:

Feb 26 - Offer submitted to TSS; seller counter offered and we accepted; Received paperwork via email
Feb 27 - Sent paperwork and deposit
Feb 28 - Paperwork and deposit received by TSS
Feb 29 - Sent to Disney for ROFR
Mar 27 - Received notification that Disney waived ROFR
Apr 6 - Received closing documents; sent documents along with final payment to Magic Vacation Title
Apr 9 - Magic Vacation received documents and final payment
Apr 13 - Received notification from TSS that escrow closed and we were now owners of points. Email states Disney will take 14-28 days to load points
Apr 25 - Points showed up in account (we were already members)
Apr 27 - Received copy of executed paperwork in the mail, along with title insurance paperwork

TSS and Magic Vacation did an excellent job of communicating and making this a flawless experience. The hardest part was waiting for ROFR and waiting for the points to get in to our account.

Hope this helps someone! Here's some pixie dust for everyone waiting for ROFR

This does help. Thanks so much!

 

[dangeron]

Found out last Wednesday that we passed ROFR.

SSR 200 pts Feb UY, $57 ppt, split MFs, buyer pays closing

Now for the closing waiting game. Luckily, I still have 13 months before our next trip.

 

[fpofmtgy]

Our contract was submitted on the 3rd of April. Glad to see that some submitted on the 2nd found out today. The first couple of weeks were easy but these past few days waiting have been really bad. Hoping we get great news tomorrow.

 

[ELMC]

Our contract was submitted on the 3rd of April. Glad to see that some submitted on the 2nd found out today. The first couple of weeks were easy but these past few days waiting have been really bad. Hoping we get great news tomorrow.

I like your attitude...I'm with you. I submitted on the 6th...but tomorrow is going to be my day too!

 

[Song of the South]

BLT 160pts Feb UY $82 per, buyer pays '12 MF and closing, 131 '11 banked, 160 '12, all future points...

I don't know when we went to ROFR or when it was approved with any certainty but we were coming up on 30 days from when I got the email that we were sent to ROFR...

Oh, and this: THANKS for this Thread

SotS

I guess I should correct this...

160pts Feb UY $80 per point...

Thanks!
SotS

 

[Kidanifan08]

I just got the e-mail that we passed ROFR today. Details: AKV 105 points with a Dec UY at $67/pt. We are getting 74 points from 2011 and all points going forward. Buyer pays 2012 MF's and closing costs.

Timeline:
4/2 - offer accepted
4/6 - documents sent to DVC for ROFR
5/1 - ROFR waived!

I was not too worried about passing ROFR with AKV. We are excited, as this is $12 less per point than we paid for a 50 point contract 1 year ago.

Good luck to everyone still waiting!!

 

[princesscinderella]

We passed ROFR too! BWV 230 Pts feb uy $55 pt buyer pays mf seller pays closing.

 

[goldenears]

Congrats to everyone who just got good ROFR news!!!

 

[gatorgirl02]

We passed ROFR too! BWV 230 Pts feb uy $55 pt buyer pays mf seller pays closing.

CONGRATS MY DEAR, that is greatn news and an awesome deal! I'm sure you are relieved!

Anyone else in the group who heard today?

 

[fmer55]

Congrats to all......just closed today myself

 

[WsPrincess]

Congrats to everyone who made it through today. I hope closing goes quick for everyone and those waiting hear soon!

 

[Mrbruin2k]

Just found out we passed ROFR as well today...BLT 220 Points October UY $92 per point...318 banked and all 220 coming October. We are paying closing and will pay 2012 MF in October

 

[KSL]

Yay! I am so excited for all of you! This is such much better news than I was reading on these boards just a short time ago. Congratulations to everyone who has passed! Fingers crossed for quick and smooth closings.

 

[ELMC]

Yay! I am so excited for all of you! This is such much better news than I was reading on these boards just a short time ago. Congratulations to everyone who has passed! Fingers crossed for quick and smooth closings.

Don't worry...Doug and I still have a few contracts at ROFR that Disney can take from us. That's right, Doug, I said it.

 

[KSL]

Don't worry...Doug and I still have a few contracts at ROFR that Disney can take from us. That's right, Doug, I said it.

ACK! No, don't say it! I'm still waiting on ROFR myself!

 

[Tunseeker1]

I sent in an AKV on the 6th and haven't heard anything yet it's making me nervous seeing same dates/resorts

 

[Kidanifan08]

I sent in an AKV on the 6th and haven't heard anything yet it's making me nervous seeing same dates/resorts

They technically have another 5 days . I was really surprised that my AKV came through today. I wouldn't be too worried though . . . they have enough AKV points to deal with right now

It's nerve wracking, nonetheless

 

[fmer55]

Don't worry...Doug and I still have a few contracts at ROFR that Disney can take from us. That's right, Doug, I said it.

Whew,,,,,thank you for taking the pressure off of me

 

[wigdoutdismom]

Sorry to hear about the delay. The seller might be backing out.

That's totally not true. Sure there's the small chance they could back out. But most likely is they've just been lazy about getting their stuff notarized and sent back. Or perhaps they've been out of town or something like that. I can never understand when sellers drag their feet... if you've made the choice to sell your contract, don't you want your money?!?!?!

Many fidelity properties are distressed and the sellers may not clear enough from the sale to pay their obligations

Do you have any insight into this particular contract or are you just speculating with absolutely no specific knowledge?

To answer your question, I have bought one contract through Fidelity and am currently in the process of closing another with them. I have found their communication to be great. Yes, they may be a few days slower than TTS. But if you call and ask them to follow up with the seller, they will, and they'll let you know what's going on. I would suggest that you try doing this.

Good luck!

It's possible that the seller lives out of the country. If that's the case then notarizing isn't as easy as in the states.

Anita, I was wondering if you closed on this. I have used Fidelity both times with NO issues. Both my sellers were in the US so the international angle might be slowing things down.

Hope you get to close soon.

I had no idea that my original post would cause such a ruckus!

We have been emailing back and forth with Fidelity. It seems that in more than one way they dropped the ball with our contract.
The sellers are divorced.
They have sold several contracts.
The man has signed but the woman's attorney told her not to sign anything with the ex-spouses name on it.
Seems that she requested another document from the title company and they didn't get back to her...
For over a week and a half.

So now it's been 18 days since we sent our funds to close and yes, I'm a bit miffed.
So I called them today and said that they needed to get me some answers...

The contracts person had our paperwork in front of her and apologized many times over for the mix-up of the title company.

I will be informed by them as soon as anything occurs...

We certainly aren't new to buying contracts, this might be our 10th purchase or so.
This time it's just been the pits!!!

 

[DougEMG]

Don't worry...Doug and I still have a few contracts at ROFR that Disney can take from us. That's right, Doug, I said it.

Hey that's not funny! But since you're ahead of me at ROFR maybe Disney will be just satisfied with your contract(s).