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

[lovin'fl]

Well, bought 100 AKV points recently (to add to our 200 OKW and 75 HH)...just closed in March...and...already back at the add-on-itis. I am actually shocked the DH agreed to this one because I thought he was done adding. Just put in offer on more HH points...we don't 'NEED' them but would make our DVC portfolio just about perfect (just wish our OKW points were BWV...though MIL does LOVE staying at OKW in HH section).

 

[Apps]

Thanks Minniesgal. That's good to know! The title company did not inform me beforehand.
I don't really mind the charges, it's the trouble... And to wire another US$25 will probably cost me US$50 in total for bank charges.

I still cannot believe how the title company is so inexperienced.

Thanks again.

Such a pain! Sometimes I fight stuff like this out of principle but most of the time, I just want to get it over with.

 

[dbs1228]

Finally the wire amendment was made 2 days ago, and the title company received the fund - but $25 short! Now the title company wants me to send another $25 through. I have already paid for the amendment fees which was due to the mix up (they now claim the account number provided to me in the first time was correct...), which now the title company say it's not their fault and they are not paying.

I sent the full amount and instructed my bank to deduct my account for any associated commissions and charges, and so I expected that they receive the full amount. Later, my bank told me it's probably the receiving bank or it's appointed intermediary charging some fees but my bank and I will not know if they do that or how much, unless the receiving party informs me first. I have waited for more than 24 hours for the title company and still nothing.

Anyone from overseas has any insights to share? This saga seems to go on and on, it's overtaken the joy of owning DVC points.

It's difficult with the 12 hour time diff, but I guess I have to make a call to the title company and find someone higher up to resolve this.

Sorry to hear this but we do work for a company in Singapore that when they wire us the money our bank does charge 25.00 fee. Do you have a credit card that you could pay the additional 25.00 on - all the closing companies take a credit card for the deposit so I would think they would be willing to just charge the 25.00 and be done with it. Good luck

 

[ytsyts]

Such a pain! Sometimes I fight stuff like this out of principle but most of the time, I just want to get it over with.

Thanks for your support! Yes a big part of me wants to fight it out of principle too, but then I can't close on the contract... and I in a time zone 12 hours apart... It doesn't help too, that I go on business trips quite often.

The title company just told me that they don't tell people to include the bank charges beforehand, people will just know that.... they will just pad the wire with extra funds and then the company will credit any leftover back. Excuse me for not as experienced as others about international wire transfer. So how do people know how much extra to pay.

Sorry just letting out some steam. Finally the title company came to their senses and sent me a credit card authorization form for the US$25. Closing in sight I hope.

 

[Minniesgal]

Thanks Minniesgal. That's good to know! The title company did not inform me beforehand.
I don't really mind the charges, it's the trouble... And to wire another US$25 will probably cost me US$50 in total for bank charges.

I still cannot believe how the title company is so inexperienced.

Thanks again.

i suspect the cheapest and quickest way would be to get them to take the $25 from your credit card.

 

[Meggysmum]

Finally the wire amendment was made 2 days ago, and the title company received the fund - but $25 short! Now the title company wants me to send another $25 through. I have already paid for the amendment fees which was due to the mix up (they now claim the account number provided to me in the first time was correct...), which now the title company say it's not their fault and they are not paying.

I sent the full amount and instructed my bank to deduct my account for any associated commissions and charges, and so I expected that they receive the full amount. Later, my bank told me it's probably the receiving bank or it's appointed intermediary charging some fees but my bank and I will not know if they do that or how much, unless the receiving party informs me first. I have waited for more than 24 hours for the title company and still nothing.

Anyone from overseas has any insights to share? This saga seems to go on and on, it's overtaken the joy of owning DVC points.

It's difficult with the 12 hour time diff, but I guess I have to make a call to the title company and find someone higher up to resolve this.

Our title company told us that there would be a receiving fee of $45. However an intermediary bank charged $20 which I wasn't made aware of by my bank when I wired the money. I was not happy as the Title compnay were short by $20 and I had to then do another wire for $20 shortage+$45 for another receiving fee +$20 for the intermediary bank so I ended up very out of pocket. I have no access to a secure fax machine so couldn't send my CC details and the wouldn't take them over the phone so i was stuck with the wire from the UK.

 

[Minniesgal]

Our title company told us that there would be a receiving fee of $45. However an intermediary bank charged $20 which I wasn't made aware of by my bank when I wired the money. I was not happy as the Title compnay were short by $20 and I had to then do another wire for $20 shortage+$45 for another receiving fee +$20 for the intermediary bank so I ended up very out of pocket. I have no access to a secure fax machine so couldn't send my CC details and the wouldn't take them over the phone so i was stuck with the wire from the UK.

I scanned the credit card form and sent it by email that worked for me whan i paid my deposit from the UK.

Also the first time we added on the agent quoted us the wrong amount to pay the bank fees so the agent agreed to absorb the difference. Guess we were lucky.

Also there is a lesson in this that maybe we should get in writing from the closing company exactly how much they need from us including fees before sending cash.

 

[kkolbusz1]

Okay, lets see those passing contracts today! Anyone yet??

 

[melissac]

Closing documents received today(we are the seller). We found out we passed ROFR on 4/15. I thought that was a quick response time by TSS and *** .

Hoping to send documents back tomorrow and that buyer will get hers back quick and we can close early on your vacation house

 

[kenly777]

Closing documents received today(we are the seller). We found out we passed ROFR on 4/15. I thought that was a quick response time by TSS and *** .

Hoping to send documents back tomorrow and that buyer will get hers back quick and we can close early on your vacation house

Congrats! Love that speedy timeline

 

[ytsyts]

i suspect the cheapest and quickest way would be to get them to take the $25 from your credit card.

Our title company told us that there would be a receiving fee of $45. However an intermediary bank charged $20 which I wasn't made aware of by my bank when I wired the money. I was not happy as the Title compnay were short by $20 and I had to then do another wire for $20 shortage+$45 for another receiving fee +$20 for the intermediary bank so I ended up very out of pocket. I have no access to a secure fax machine so couldn't send my CC details and the wouldn't take them over the phone so i was stuck with the wire from the UK.

I scanned the credit card form and sent it by email that worked for me whan i paid my deposit from the UK.

Also the first time we added on the agent quoted us the wrong amount to pay the bank fees so the agent agreed to absorb the difference. Guess we were lucky.

Also there is a lesson in this that maybe we should get in writing from the closing company exactly how much they need from us including fees before sending cash.

Thanks all. The complexities! Yes, lesson learned here, useful for any add-ons for me. That's my first contract BTW.

 

[bobbiwoz]

Well, bought 100 AKV points recently (to add to our 200 OKW and 75 HH)...just closed in March...and...already back at the add-on-itis. I am actually shocked the DH agreed to this one because I thought he was done adding. Just put in offer on more HH points...we don't 'NEED' them but would make our DVC portfolio just about perfect (just wish our OKW points were BWV...though MIL does LOVE staying at OKW in HH section).

We love Hilton Head, good luck getting your add on!

 

[Bobby Pic]

I just received the news today that my AKV contract was sent to Disney for ROFR this afternoon. I had began to doubt it was going to happen. From the time my offer was accepted til today has been 20 days. My contract is 175pts, Dec UY, with all 12, 13, & 14 points, $67pp, buyer paying closing and seller paying 2013 MF. I guess now, it is a waiting game, which I am not good at.

 

[PCMama]

I just received the news today that my AKV contract was sent to Disney for ROFR this afternoon. I had began to doubt it was going to happen. From the time my offer was accepted til today has been 20 days. My contract is 175pts, Dec UY, with all 12, 13, & 14 points, $67pp, buyer paying closing and seller paying 2013 MF. I guess now, it is a waiting game, which I am not good at.

Holy smokes what was the hold up?

 

[lovin'fl]

We love Hilton Head, good luck getting your add on!

Thanks! We like it there too (only been once though). Haven't heard back on my offer yet...hopefully soon.

 

[dbs1228]

FINALLY me too! Our offer was accepted 2 weeks ago took 10 days to get the initial contract today it was sent to Disney for ROFR. Contract details:

200 point BWV Oct UY 65.00PP 200 - 2011 points and 400 points coming in Oct here I go again!

 

[Bobby Pic]

Holy smokes what was the hold up?

I bought through Fidelity and they told me the person working the contracts was out sick. I didn't receive the contract until 10 days later. I returned it promptly the next morning and the wait begins for the seller. I spoke to my agent this morning (day 9) about moving on and looking for another contract and she is in agreement that we may need to do that. Around 2:00 pm I get a call from my agent and I am thinking, maybe she had found another contract that might interest me. To my surprise, she says they just received the contract from the seller and it was going to Disney this afternoon. Nice turn of events and needless to say, I was pleasantly surprised.

 

[PCMama]

I bought through Fidelity and they told me the person working the contracts was out sick. I didn't receive the contract until 10 days later. I returned it promptly the next morning and the wait begins for the seller. I spoke to my agent this morning (day 9) about moving on and looking for another contract and she is in agreement that we may need to do that. Around 2:00 pm I get a call from my agent and I am thinking, maybe she had found another contract that might interest me. To my surprise, she says they just received the contract from the seller and it was going to Disney this afternoon. Nice turn of events and needless to say, I was pleasantly surprised.

That contracts person is sick a lot! Lol. Good luck with your purchase. It's frustrating when the seller is slow!

 

[silmarg]

That contracts person is sick a lot! Lol. Good luck with your purchase. It's frustrating when the seller is slow!

The dog ate it!

 

[lorenni]

A lot of hurry up and wait going on here.

Got the final documents/contracts on 4/9 and still no word from the sellers. Today the title company said the sellers are still in the process of having them executed? Really - a week to sign the papers? I just don't get it. How hard can it be to print out and sign a paper? Yes it has to be notarized but every office I've ever worked in has multiple notaries.

Is there some other seller requirement of which I am not aware?