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

[disneysled]

Submitted to DVC on 4/4/13...

VB August UY. 240 points. 2012 - 240 points (banked). 2013 - 240 points. $34 per point. buyer pays closing/Fidelity admin fee. seller pays maintenance.

my guess is the mouse will ROFR this one but we'll see...

Wow great contract and price!! -- I'm 2 weeks ahead of you on a VB 150pt $40. Submitted 3/26 We had one ROFR'd in March We said we'd be patient and just keep trying but I have to admit the second time around the waiting seems longer and I suppose if the one we are currently waiting on gets taken the 3rd time will be seem even longer - not sure I have the patience for this!
Good luck - sure hope this works out!

 

[lizzydis]

I can finally post the end of my reasle process:
125 pts VGC March use year, 12pts for 2013 125 for 2014 rest going forward $108 pt.
Made offer 2/13 offer accepted immediately, passed RORF 3/15, Escrow closed 3/26, points in my account 4/9

I still can't believe I have 415 points..of course all are used for this use year and only 137 available for 2014, but starting 2015 I'll be rolling

Nunzia, how did they inform you that the points were in your account? Did they send you a letter or did you call them? I was told that it takes more than 2 weeks to be entered into the system when your a new DVC member. I closed on 4/2 200 BLT OCT UY @$85/point and cant wait to have points loaded.

 

[Joey7295]

Submitted 3/29/13

WLV 100 points August UY - $61/point. 100 banked 2012 points, 100 2013 and all 100 going forward. Buyer pays closing and admin fee, Seller pays 2013 MFs.

 

[Joey7295]

Submitted 4/10/13

SSR 150 points August UY - $55/point. 150 banked 2012 points, 150 2013 and all 150 going forward. Buyer pays 2013 MFs and admin fee, Seller pays closing.

 

[bobbiwoz]

I can finally post the end of my reasle process:
125 pts VGC March use year, 12pts for 2013 125 for 2014 rest going forward $108 pt.
Made offer 2/13 offer accepted immediately, passed RORF 3/15, Escrow closed 3/26, points in my account 4/9

I still can't believe I have 415 points..of course all are used for this use year and only 137 available for 2014, but starting 2015 I'll be rolling

Yeah!

 

[kkolbusz1]

Is it calendar days or business days? Because i got some strange info from shawnray yesterday...

 

[UFlawgator]

Is it calendar days or business days? Because i got some strange info from shawnray yesterday...

Believe it is calendar days, unless it ends on a weekend or holiday in which case it would be the next business day.

 

[lovin'fl]

Is it calendar days or business days? Because i got some strange info from shawnray yesterday...

I always thought calendar and, the 3 times we bought resale, it was calendar.

 

[Missyrose]

Is it calendar days or business days? Because i got some strange info from shawnray yesterday...

There is no actual 30-day limit. I believe the conditions say you must submit to Disney for ROFR "no less than 30 days before closing." Which many take to mean Disney has 30 days to waive or pass.

Someone on another DVC board got frustrated after 35 days and had an attorney draft a letter asking Disney to inform them their contracted had ROFR waived and they got it.

 

[disfanforlife]

Haven't heard anything. Guess, I will probably be waiting until next week. SIGH.....

 

[UFlawgator]

Congratulations on passing your ROFR! We submitted our contract to Disney through Fidelity for consideration of ROFR on 3/12/13 (it was faxed over that day), so tomorrow is day 30 and we still haven't heard a peep. Ours is for AKV, 100 points, a stripped contract with no 2013 points, $67. pp, buyer and seller split closing costs, (Feb. use year), seller pays 2013 MF (since there are no points) and buyer pays 2014 MF. I'm just keeping my fingers crossed and feeling a bit anxious at this point. Will update when I hear.

I finally received an email today from Shawn Ray at Fidelity telling me that our contract passed and a waiver issued by Disney for ROFR. This is day 30, so I guess good things are worth waiting for. I recently helped my Mom add all her daughters to her 6 OKW contracts (a gratuitous family transfer) and Disney actually made us wait 33 days. When I called Disney Admin (on a Friday) after 30 days they were very apologetic and said they were just really swamped. (They will speak to you if you are already a member and I was an associate on the contracts already). The nice woman there said she was going to have to work all day Sunday to try and catch up on a huge stack of contracts and they would go out that Monday. When we did receive the waivers on Wednesday, they had spelled one of my sister's names on one of the 6 waivers wrong, so I had to call again and they had to redo that one. The names on the waivers have to match the names on the deeds I prepared exactly. They didn't make us wait 30 more days, thank goodness, for the corrected waiver. One just has to be patient and willing to follow up on things.

 

[fmer55]

I finally received an email today from Shawn Ray at Fidelity telling me that our contract passed and a waiver issued by Disney for ROFR. This is day 30, so I guess good things are worth waiting for. I recently helped my Mom add all her daughters to her 6 OKW contracts (a gratuitous family transfer) and Disney actually made us wait 33 days. When I called Disney Admin (on a Friday) after 30 days they were very apologetic and said they were just really swamped. (They will speak to you if you are already a member and I was an associate on the contracts already). The nice woman there said she was going to have to work all day Sunday to try and catch up on a huge stack of contracts and they would go out that Monday. When we did receive the waivers on Wednesday, they had spelled one of my sister's names on one of the 6 waivers wrong, so I had to call again and they had to redo that one. The names on the waivers have to match the names on the deeds I prepared exactly. They didn't make us wait 30 more days, thank goodness, for the corrected waiver. One just has to be patient and willing to follow up on things.

I agree, everyone is swamped, Disney created a firestorm with the price increases and then the flurry of ROFR. I think it is funny that everyone will bash Fidelity for being understaffed but they seem to give a pass to DVD, who takes 2-3 weeks to enter a contract into the system.

 

[disfanforlife]

Heard from my broker this afternoon. He said that Disney only made it through contracts sent up to march 15. He said I should have an answer next Tuesday.

 

[kkolbusz1]

Heard from my broker this afternoon. He said that Disney only made it through contracts sent up to march 15. He said I should have an answer next Tuesday.

You & me both!

 

[Rmgdisney]

Heard from my broker this afternoon. He said that Disney only made it through contracts sent up to march 15. He said I should have an answer next Tuesday.

What date was your contract sent? Our contract was sent on the 21st. So hopefully we'll also have an answer next week. Thanks for sharing this info. Best of luck to you!

 

[kkolbusz1]

What date was your contract sent? Our contract was sent on the 21st. So hopefully we'll also have an answer next week. Thanks for sharing this info. Best of luck to you!

Ours was sent on the 21st too. (Some confusion on that, sharon told me 20th, contract says 21st). Sharon said, "disney makes sure they are done reviewing in 30 days & no longer." We'll hear next week.

 

[Joey7295]

Submitted on 3/14

SSR 222 total points June UY, seller pays MFs and buyer pays combined closing

There are actually 2 separate contracts. The details are:

40 pts - 40 banked 2012, 40 2013 and forward, $60/pt

182 pts - 135 banked 2012, 182 2013 and forward, $53/pt

In total I am getting 397 2013 points (175 banked from 2012)

I just emailed Shawn at Fidelity and she told me we passed

 

[Rmgdisney]

Ours was sent on the 21st too. (Some confusion on that, sharon told me 20th, contract says 21st). Sharon said, "disney makes sure they are done reviewing in 30 days & no longer." We'll hear next week.

Thankfully we only have to wait a week or less. Hopefully we will all get our contracts. Love reading these posts helps pass the time lol. Best wishes to you

 

[Rmgdisney]

I just emailed Shawn at Fidelity and she told me we passed

Congratulations! Enjoy your new contracts

 

[MickeyFan612]

I just emailed Shawn at Fidelity and she told me we passed

Congrats on passing- awesome deal-)