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

[ytsyts]

Well I got this email from Fidelity just now:

Good News!

Disney has waived their Right of First Refusal on your BoardWalk Villas purchase and you should be receiving closing documents from the title company in 2-3 weeks.

Then got a phone call telling me that they made a mistake and the contract was ROFR'd, not waived. Unbelievable! That's strike 2 for me and running out of patience. Here are the details:

BWV 210 points, August UY - $70/pt, 420 points on 8/1/13 (210 banked from 2012) all pts forward, buyer pays closing costs, maint & admin fee.

What? Unbelievable.

 

[collections]

I set my account up today so my timeline is complete:

4/4 Made offer
4/5 Offer accepted
4/10 Received contract
4/10 Faxed contract to Fidelity
4/11 Contract sent to Disney for ROFR
5/6 Disney waives ROFR
5/17 Received closing documents from title company with errors
5/20 Receive corrected closing documents
5/21 Title company receives my completed documents and payment
5/28 Agent informs me that title company sent sellers closing paperwork to the wrong e-mail address
5/31 Title company receives sellers closing documents
6/3 Title company notifies that contract is closed
6/5 Deed appears on OCC website
6/13 Call member services and castmember gives me my membership number and talks me through account set-up. (She was great!)
6/13 Make my marathon weekend reservation!

That was a long 70 days! I can't thank everyone on this board enough for all your help.

 

[dbs1228]

Well I got this email from Fidelity just now:

Good News!

Disney has waived their Right of First Refusal on your BoardWalk Villas purchase and you should be receiving closing documents from the title company in 2-3 weeks.

Then got a phone call telling me that they made a mistake and the contract was ROFR'd, not waived. Unbelievable! That's strike 2 for me and running out of patience. Here are the details:

BWV 210 points, August UY - $70/pt, 420 points on 8/1/13 (210 banked from 2012) all pts forward, buyer pays closing costs, maint & admin fee.

That is so frustrating! I saw that contract (my UY) and I was bummed I was already in ROFR waiting on another (not my UY) BWV contract or I would have tried to buy it - of course Disney took my contract also!

Good luck if you try again - I am on week one again......

 

[annmarieda]

I set my account up today so my timeline is complete:

4/4 Made offer
4/5 Offer accepted
4/10 Received contract
4/10 Faxed contract to Fidelity
4/11 Contract sent to Disney for ROFR
5/6 Disney waives ROFR
5/17 Received closing documents from title company with errors
5/20 Receive corrected closing documents
5/21 Title company receives my completed documents and payment
5/28 Agent informs me that title company sent sellers closing paperwork to the wrong e-mail address
5/31 Title company receives sellers closing documents
6/3 Title company notifies that contract is closed
6/5 Deed appears on OCC website
6/13 Call member services and castmember gives me my membership number and talks me through account set-up. (She was great!)
6/13 Make my marathon weekend reservation!

That was a long 70 days! I can't thank everyone on this board enough for all your help.

Thanks for sharing your timeline! It gives me hope that I can get in the system by the end of the month....and that maybe I will have a shot at booking for marathon weekend.

 

[gpts@disney]

I think they have new staff, I got e- mail that disney WAIVED, but I knew contract was going for waiver decision which will take time. So I called and let them know that some one was making mistakes.
Sorry to hear that mouse bit you, but keep trying, mouse will get full for some time and will let you go.

I have to agree with you on their email problems. I rec'd an email last night addressed to someone other than me telling me Congrats on a contract I never made an offer on. Obviously the email went to the wrong person (me).

For those of you waiting for news from Fidelity, you may want to follow up with a phone call to verify any info that is emailed to you.

 

[dbs1228]

I have to agree with you on their email problems. I rec'd an email last night addressed to someone other than me telling me Congrats on a contract I never made an offer on. Obviously the email went to the wrong person (me).

For those of you waiting for news from Fidelity, you may want to follow up with a phone call to verify any info that is emailed to you.

That again is horrible!!! I hope you either reply or call them to let them know that this is happening!

 

[gpts@disney]

That again is horrible!!! I hope you either reply or call them to let them know that this is happening!

Yes I emailed them this morning. Good luck on your contract sitting on Disney's desk!

 

[Missyrose]

Just FYI - I called to add the SSN and they explained that unless you have a loan with them, they can't store your SSN. So it's silly - resale contracts never are financed through Disney, so you'll never have an SSN.

Basically, Disney wants you to wait for the mail to come.

Deb has mentioned this on many other threads, but it bears repeating. Disney has absolutely no desire or incentive to make resale transactions easy or quick. Lengthy waits makes for a good marketing tool for them to use on people buying direct. The longer the resale process and getting the points into the system takes, the better the "quick and easy" direct purchases look to buyers.

 

[JamesA1]

Well I got this email from Fidelity just now:

Good News!

Disney has waived their Right of First Refusal on your BoardWalk Villas purchase and you should be receiving closing documents from the title company in 2-3 weeks.

Then got a phone call telling me that they made a mistake and the contract was ROFR'd, not waived. Unbelievable! That's strike 2 for me and running out of patience. Here are the details:

BWV 210 points, August UY - $70/pt, 420 points on 8/1/13 (210 banked from 2012) all pts forward, buyer pays closing costs, maint & admin fee.

Sorry about that. Keep trying it will work out.

 

[rusafee1183]

Deb has mentioned this on many other threads, but it bears repeating. Disney has absolutely no desire or incentive to make resale transactions easy or quick. Lengthy waits makes for a good marketing tool for them to use on people buying direct. The longer the resale process and getting the points into the system takes, the better the "quick and easy" direct purchases look to buyers.

I totally agree with this, but I will add that I think it's funny that I have seen several re-sales go through and be completed before people have moved an inch on the direct waitlist for sold out resorts.

It's like bizarro world right now with buying points. They'r making it very tough to want to choose direct ESPECIALLY if you want a sold out resort. Sure, the prices are going up on resales - but they're still not direct prices and sometimes they are still faster

So weird

 

[Missyrose]

I totally agree with this, but I will add that I think it's funny that I have seen several re-sales go through and be completed before people have moved an inch on the direct waitlist for sold out resorts.

It's like bizarro world right now with buying points. They'r making it very tough to want to choose direct ESPECIALLY if you want a sold out resort. Sure, the prices are going up on resales - but they're still not direct prices and sometimes they are still faster

So weird

Oh, no, I totally agree that Disney shot themselves in the foot (at least a little bit) by causing a big enough frenzy for points that there are now months-long waiting lists. Its best sales pitch was always the speed and ease of buying direct. But you're right, it's funny to see people suggest buying direct right now because it will be faster. Um, how has that worked out for those who have been on the wait lists for four months? ;-)

 

[Hunclemarco]

Well I got this email from Fidelity just now:

Good News!

Disney has waived their Right of First Refusal on your BoardWalk Villas purchase and you should be receiving closing documents from the title company in 2-3 weeks.

Then got a phone call telling me that they made a mistake and the contract was ROFR'd, not waived. Unbelievable! That's strike 2 for me and running out of patience. Here are the details:

BWV 210 points, August UY - $70/pt, 420 points on 8/1/13 (210 banked from 2012) all pts forward, buyer pays closing costs, maint & admin fee.

Too bad you couldn't cry "punititive damages" and ask for Fidelity to waive their $195 administration fee. My mind would be spinning if that happend to us. Hope something good happens for you soon!

 

[nabi]

It's like bizarro world right now with buying points. They'r making it very tough to want to choose direct ESPECIALLY if you want a sold out resort. Sure, the prices are going up on resales - but they're still not direct prices and sometimes they are still faster. So weird.

Looking at 25-50 point resales- sure they're up near $100 now. Having access to 11 month booking, with just a small overall increase in yearly maintenance fees makes it worth it. Stripped ones seem (yeah, seem) more likely to pass ROFR and if in no hurry to use, you save that year's maintenance fees. Maybe that's why they are few and far between. Also, if someone purchased a small 25 point, they are considered a member... that would've been a good plan if wanting to buy a smaller sized contract add on at VGF. Those small contracts are more valuable than just the current points!

 

[Missyrose]

Too bad you couldn't cry "punititive damages" and ask for Fidelity to waive their $195 administration fee. My mind would be spinning if that happend to us. Hope something good happens for you soon!

You don't pay the admin fee if Disney takes the contract.

 

[fmer55]

I totally agree with this, but I will add that I think it's funny that I have seen several re-sales go through and be completed before people have moved an inch on the direct waitlist for sold out resorts.

It's like bizarro world right now with buying points. They'r making it very tough to want to choose direct ESPECIALLY if you want a sold out resort. Sure, the prices are going up on resales - but they're still not direct prices and sometimes they are still faster

So weird

Oh, no, I totally agree that Disney shot themselves in the foot (at least a little bit) by causing a big enough frenzy for points that there are now months-long waiting lists. Its best sales pitch was always the speed and ease of buying direct. But you're right, it's funny to see people suggest buying direct right now because it will be faster. Um, how has that worked out for those who have been on the wait lists for four months? ;-)

The thing is Disney doesn't necessarily want to sell you sold out resorts either. Those points cost them $60-$80 to ROFR. They want you buying AKV, AULANI and GF. Those points cost them nothing and if they make you sit on the waitlist long enough maybe you will just add-on at a new resort

 

[Bobby Pic]

Finally, my contract closed today on day 80 for 175 pts at AKV . Of course I still have 2 or 3 weeks left to get in the system and get my package from Disney. Here is my timeline

Made Offer 3/27
Offer Accepted 3/28
Received Contract 4/8
Faxed to Fidelity 4/9
Seller docs rcv/sent for ROFR 4/17
Notified waived ROFR 5/14
Rcv closing document 5/21
Sent closing doc & final payment 5/22
Title co. rcv seller doc/notified it closed 6/14

 

[HollenAngi]

That is ridiculous! You are a very patient person!

 

[Hunclemarco]

You don't pay the admin fee if Disney takes the contract.

Understood... i was thinking of a future contract they may get from them that passes ROFR.... I know... i'm probably not thinking correctly.

 

[Pootle]

Looking at 25-50 point resales- sure they're up near $100 now. Having access to 11 month booking, with just a small overall increase in yearly maintenance fees makes it worth it. .......

Just to be clear, you do only have the 11 month booking window for those 25 points (plus banked or borrowed from that contract - so a maximum of 75 points every 3 years) and not to any others you may own at a different resort.

 

[greengeen]

...But you're right, it's funny to see people suggest buying direct right now because it will be faster. Um, how has that worked out for those who have been on the wait lists for four months? ;-)

It's a different kind of funny from my perspective. I got two fully loaded BWV contracts direct, 50 point each, in relatively short order. Points loaded before I even signed a contract. After incentives I paid $94/pt. I see severely stripped resale contracts of the same size advertised at $98/pt and SOLD instantly, and I see ROFR after ROFR of people determined to go the resale route. Direct has worked great for me, and resale appears to be a sad, losing game at the moment.