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

[Hunclemarco]

Updated the list on page 162.

Hello...
Thanks again for updating this list! I know the time and effort it takes to do this.

For what it's worth, For our contract information, Listed for the SSR contracts, i noticed there were question marks for our submission date. Our Contract was submitted on February 27.

Thanks again!

 

[goofydad621]

Just got an email from Shawn at Fidelity. She said that the recieved the waiver from Disney yesterday

So maybe I can relax now lol

OKW 150points $57 pp Oct uy 30 points 2012 all going forward
buyer pays closing and admin fee seller pays mf for 2013

Thanks again for support and pixie dust

Dave goofydad Dionne

 

[lchute1158]

Knew that deal was going to be too good to be true....sorry. I passed on the same price per point but no where near as loaded. I was shocked that your seller agreed to pay MF. That's probably what sunk it. Good luck next time.

Yea it was a good deal so worth a try... No worries, back to looking

 

[Lakeview]

Started a purchase just before April started. Had search multiple sites and found the following contract available. UY Feb, 160 pt 13' and 14' asking for $90 per. My original offer was $80 and we settled on $85, buyer pays admin fee and maint fees for 13', seller pays all closing cost. Just got notification that it is through ROFR. Starting the paperwork to close now. I'll update with how long that took when its over and I can book a trip against it. Woo. Hooooooo.

It's for BLT Sub 04/01/13 passed ROFR 04/23/13.

Finally settled and points are in my account. Probably happened in last 4 days, so say 1st of June. It all went pretty smoothly through Fidelity. I'd recommend them if you are interested in buying.

 

[moreisgood]

Finally settled and points are in my account. Probably happened in last 4 days, so say 1st of June. It all went pretty smoothly through Fidelity. I'd recommend them if you are interested in buying.

So, about 5 weeks from ROFR pass to points in account. Sounds long to me. Is this the new normal?

 

[NoleFan]

So, about 5 weeks from ROFR pass to points in account. Sounds long to me. Is this the new normal?

About 5 weeks from ROFR passing receiving member letter. Sellers took almost 2 weeks to return documents & VGF offered for sale- otherwise think it would have been faster. Broker & title co were great as they were not cause for delay. Closing on our 2nd contract now & waiting on sellers to return documents again!

 

[Hunclemarco]

So, about 5 weeks from ROFR pass to points in account. Sounds long to me. Is this the new normal?

We purchased through Fidelity, but the points had to go through a bankruptcy judge. Here was our timeline.

2/27 Contract sent to ROFR
3/19 Passed ROFR
4/5 Contract received and sent back
5/1 Contract closed at First American Title
5/18 Received Disney letter informing us of our Member number

Still waiting for our welcome package from Disney

 

[PaxsMom]

Submitted BCV 320 points @ 75 pp.. It was submitted to ROFR on 5/21. They only had 77 points from 2013. Seller pay MF and Closing. Buyer pay Fidelity Fee. The wait will kill me. I am not a patient person to begin with and now that I keep seeing Mickey snatch up similar contracts I officially have an ulcer! If only I offered a few more dollars a point....

 

[Lakeview]

Anyone notice the following. It seems to me that contracts that stipulate Seller and buyer paying for MF and closing/administative fees in odd ways seem to go through ROFR.

It seems to me that Mickey doesn't want to make it complicated when he buys up the points.

 

[NoleFan]

Submitted BCV 320 points @ 75 pp.. It was submitted to ROFR on 5/21. They only had 77 points from 2013. Seller pay MF and Closing. Buyer pay Fidelity Fee. The wait will kill me. I am not a patient person to begin with and now that I keep seeing Mickey snatch up similar contracts I officially have an ulcer! If only I offered a few more dollars a point....

what UY ?

 

[PaxsMom]

what UY ?

April... Fingers crossed..

 

[NoleFan]

April... Fingers crossed..

Sending pixie dust your way. Since the contract only has 77 points for 2013 & no delayed closing, I think you stand a fair chance of passing IMO. Good luck!

 

[PaxsMom]

Thanks!!! I can use all the pixie dust you can find!

 

[agie65]

Anyone notice the following. It seems to me that contracts that stipulate Seller and buyer paying for MF and closing/administative fees in odd ways seem to go through ROFR.

It seems to me that Mickey doesn't want to make it complicated when he buys up the points.

I noticed when seller pays MF or Closing get more ROFRED.

 

[NoleFan]

I noticed when seller pays MF or Closing get more ROFRED.

Some people might argue otherwise but I agree with you. When the seller pays MF and/or closing, it is less Disney has to pay for the entire contract. I think seller paying MF on points not already used makes a bigger difference than closing costs if comparing just those two. However, both still effect the bottom line & profit margin. I would especially be concerned on passing ROFR if seller was paying either or both on a loaded contract.

 

[agie65]

Some people might argue otherwise but I agree with you. When the seller pays MF and/or closing, it is less Disney has to pay for the entire contract. I think seller paying MF on points not already used makes a bigger difference than closing costs if comparing just those two. However, both still effect the bottom line & profit margin. I would especially be concerned on passing ROFR if seller was paying either or both on a loaded contract.

What one of the agent, who we can not mentioned told me that Disney loves to see seller paying closing that way when they snatch that contract they act as a closing agent thus whole contract cost them much lower then when we buy. MF is pretty simple, if seller is not getting reimburse contract is cheaper for disney.

 

[Nabas]

Submitted BCV 320 points @ 75 pp.. It was submitted to ROFR on 5/21. They only had 77 points from 2013. Seller pay MF and Closing. Buyer pay Fidelity Fee. The wait will kill me. I am not a patient person to begin with and now that I keep seeing Mickey snatch up similar contracts I officially have an ulcer! If only I offered a few more dollars a point....

Your ulcer is going to continue to bother you until you hear.

I just got ROFR'ed at under $76/point but the seller was paying MF and all 2013 points were there. I had a June UY.

BUT, someone else got ROFR'ed recently at $77/point, only partial points in 2013, no closing until December, and buyer paying MF. That had a Feb UY.

I thought I might be OK but after that $77/point deed, I knew I was doomed.

Prices are up $10/point in the month since we made our offer. Disney knows this and knows not exercising ROFR now means paying more later.

I've been reading for several weeks about the BCV waiting list bring a mile long. People have been waiting months. I suspect most are informed buyers and know an earlier UY is better. With the April UY you mentioned in another post, The Mouse may have a big target on your back.

I wish you the best of luck but am not too optimistic for you.

Now I'm trying to decide if I should add points at VGF while the price is "only" $145/point.

 

[fmer55]

Knew that deal was going to be too good to be true....sorry. I passed on the same price per point but no where near as loaded. I was shocked that your seller agreed to pay MF. That's probably what sunk it. Good luck next time.

You think the maintenance fees sunk it? There are 300 points available in it

 

[lchute1158]

You think the maintenance fees sunk it? There are 300 points available in it

450 actually

Sent from my iPad using DISBoards

 

[lovin'fl]

Good luck to those currently in ROFR. I also think that a seller paying closing costs is appealing to the mouse...as are the larger contracts. But, you never know when they may have reacquired a ton of points through foreclosure/default and therefore are all full up on points for a certain UY.

Those waiting for sellers to return closing docs...I am with you. It's been almost 2 weeks since I got the closing docs in my e-mail and I returned mine that day...still waiting on the seller. I passed ROFR 3 weeks ago yesterday...uggghhh! Edited to add: Just looked us up on the Beaufort County (Hilton Head) register of deeds and it's going through now...so we must have closed....yay!!

Fingers crossed for success for all of us.