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

[Hunclemarco]

So Mac, I am not sure you want to handle this on your data collection. On february 26 I passed ROFR at $75 on a BLT Feb contract. Closing funds sent to title company on 3/13. Well today I was informed that the seller does not have the funds to close(they owed some money also). And they sent an email today stating that they can no longer move forward with the sale.

So for the threads purpose it did pass, but never closed.

So sorry to hear this

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[jenbelles]

AHHHHH! Congrats. So....we surely should pass, yes? all these SSR's are passing. Come on. Give me a yes! This waiting is killing me! Watch, all you guys are passing & we won't. Love my negativity don't you?! LOL

I am definitely keeping my fingers crossed for you!!!!! The only real difference is the UY and mine had less 2012 points left.

 

[jenbelles]

So Mac, I am not sure you want to handle this on your data collection. On february 26 I passed ROFR at $75 on a BLT Feb contract. Closing funds sent to title company on 3/13. Well today I was informed that the seller does not have the funds to close(they owed some money also). And they sent an email today stating that they can no longer move forward with the sale.

So for the threads purpose it did pass, but never closed.

That is horrible! How in the world does the seller let it get that far!!!!

 

[cm8]

I just received an email that Disney has waived their right of first refusal on this contract!

Congrats!

we got it!!!!!!!!!!!!!!
I'm so happy!!!!!!!!!!!

Congrats!

I just received word that we passed!!!!

Congrats!

Just heard from my DD and she passed!! SSR 150pts. (Aug UY), 8 2011 pts, 90 2012 pts, 150 2013 pts. She paid $50 pp. ROFR submitted on 3/4/13, so it took 30 days.

Congrats! to your DD let the planning begin

Got the email today that Disney waived ROFR!!! Now I can stop stressing about ROFR and start stressing about closing!!! LOL!!!

Congrats!

 

[Sandisw]

So Mac, I am not sure you want to handle this on your data collection. On february 26 I passed ROFR at $75 on a BLT Feb contract. Closing funds sent to title company on 3/13. Well today I was informed that the seller does not have the funds to close(they owed some money also). And they sent an email today stating that they can no longer move forward with the sale.

So for the threads purpose it did pass, but never closed.

I am so sorry to hear this...does it not make you wonder, though, how they got this far before realizing they couldn't complete the deal...

I hope something comes through for you soon...it does seem that the ROFR bug isn't quite as hungry for BLT...

 

[toniosmom]

So Mac, I am not sure you want to handle this on your data collection. On february 26 I passed ROFR at $75 on a BLT Feb contract. Closing funds sent to title company on 3/13. Well today I was informed that the seller does not have the funds to close(they owed some money also). And they sent an email today stating that they can no longer move forward with the sale.

So for the threads purpose it did pass, but never closed.

That's really a shame. It appears that the sellers are motivated to sell for financial reasons, so it's sad that they can't come up with the funds to close. Is this one of those situations where they can somewhat "return" the contract to Disney? I don't know if Disney does this or not.

Sorry you lost your purchase because of the sellers situation. I hope you find a new contract very soon.

 

[fmer55]

I am so sorry to hear this...does it not make you wonder, though, how they got this far before realizing they couldn't complete the deal...

I hope something comes through for you soon...it does seem that the ROFR bug isn't quite as hungry for BLT...

thanks. It will come.

 

[fmer55]

That's really a shame. It appears that the sellers are motivated to sell for financial reasons, so it's sad that they can't come up with the funds to close. Is this one of those situations where they can somewhat "return" the contract to Disney? I don't know if Disney does this or not.

Sorry you lost your purchase because of the sellers situation. I hope you find a new contract very soon.

this is exactly what is going to happen. They are already in default. Dis will take it back and sell foir $165.

 

[DizBub]

So Mac, I am not sure you want to handle this on your data collection. On february 26 I passed ROFR at $75 on a BLT Feb contract. Closing funds sent to title company on 3/13. Well today I was informed that the seller does not have the funds to close(they owed some money also). And they sent an email today stating that they can no longer move forward with the sale.

So for the threads purpose it did pass, but never closed.

Sorry to hear it Mike. How incredibly frustrating. Makes me wonder why in the world did they agree to sell for such a low (great deal for you) price? They must have known how much they needed in order to pay off their loan and the broker doesn't do this for free........

Better luck on the next one.

 

[JamesA1]

I just received word that we passed!!!!

Congrads.

 

[JamesA1]

Got the email today that Disney waived ROFR!!! Now I can stop stressing about ROFR and start stressing about closing!!! LOL!!!

I know the feeling. Now checking email for closing docs.

 

[sol2338]

I just received an email that Disney has waived their right of first refusal on this contract!

That's great! Do you mind me asking which company you went with?

 

[lovin'fl]

So Mac, I am not sure you want to handle this on your data collection. On february 26 I passed ROFR at $75 on a BLT Feb contract. Closing funds sent to title company on 3/13. Well today I was informed that the seller does not have the funds to close(they owed some money also). And they sent an email today stating that they can no longer move forward with the sale.

So for the threads purpose it did pass, but never closed.

I am so sorry...I know it's frustrating. We made an offer in Dec and signed contract and sent deposit and it went off to ROFR and then 8 days in, we got word that the contract was cancelled. It was upsetting and then trying to find another contract that fit our needs took some time. I can't even imagine it getting all the way to us sending in closing docs and final payment....how awful. I hope you have no trouble finding a new contract. Good luck on the hunt!

 

[macd77]

Congrads.

Thanks James. Can't wait to tell my family.

 

[Illini Al]

I learned today from Fidelity that I passed ROFR! Here is my timeline so far:

170 SSR Points, Feb UY
0 '13 Points
170 '14 Points and beyond
$49 PP
Seller pays '13 MFs. I pay closing costs and Fidelity admin fee.

Offer made: 2/21
Offer accepted: 2/25
Signed contract: 2/28
Sent to ROFR: 3/4
Passed ROFR: 4/3

Now the wait for the closing docs begins.....

 

[DisneyDiana]

I learned today from Fidelity that I passed ROFR! Here is my timeline so far:

170 SSR Points, Feb UY
0 '13 Points
170 '14 Points and beyond
$49 PP
Seller pays '13 MFs. I pay closing costs and Fidelity admin fee.

Offer made: 2/21
Offer accepted: 2/25
Signed contract: 2/28
Sent to ROFR: 3/4
Passed ROFR: 4/3



Now the wait for the closing docs begins.....

That's awesome! Great pp too.

 

[thptrek]

Here are the details of my deal that just passed:

BLT - 240 points, March UY
346 current points available, 240 available March 14
$89 per point, Buyer pays MF and closing fees

Sent to Disney on 3/8
Passed Disney on 4/2

 

[dbs1228]

Here are the details of my deal that just passed:

BLT - 240 points, March UY
346 current points available, 240 available March 14
$89 per point, Buyer pays MF and closing fees

Sent to Disney on 3/8
Passed Disney on 4/2

That is a great deal congrats!

 

[Dvc CA]

Had a VGC contract ROFR'd on Monday. So today, I agreed on another deal. VGC 160 pts. $105/pt, 13 points for 2013, 38 banked points from 2012. Buyer pays closing and MF's for the 2013 pts. Back to ROFR tomorrow.

One of these days I'll beat Disney at their game!

 

[The Crusher]

New to this board....
passed ROFR - OKW December UY - 150 pts @ $60 - 2013 forward. Submitted 3/9. buyer pays MF's - seller splits closing with buyer. I wanted an add on and was happy to get through during this crazy time period. I know I could have done better, but I was glad to get through. I decided to be a little conservative with this one.