Closing Time!!

Discussion in 'Purchasing DVC' started by Buzzalot, Mar 23, 2015.

  1. Buzzalot

    Buzzalot Earning My Ears

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    Not for me. I'm on two weeks after receiving my closing documents. Still waiting on the sellers to return their paperwork. I was in the ROFR thread for 30 days. Then the Come on Estoppel thread for another 30. I figured a new support thread is needed for those who are waiting to close. I'm getting anxious as we have plans and air booked for June. Also have a cash ressie just in case.

    So where are you in the closing process?
     
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  2. Friendlyadvice2

    Friendlyadvice2 A rug from the butt of a skunk...A Skunk-Butt Rug

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    When discussing closing dates with the title company, are you sure you never said something like "to infinity and beyond"? Just kidding!!

    Hang in there. At least you know Disney isn't taking your contract. Hopefully, I'll make it this far one day.
     
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  4. supersnoop

    supersnoop What time is the three o'clock parade?

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    The wait after closing is even harder. Each step will try your patience.
     
  5. disneyhutson

    disneyhutson DVC Member, loves everything Disney!

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    Great thread!! 29 days ROFR, then amazing 5 days of Estoppel, BUT of course 8 days and still waiting for the sellers to send in their closing paperwork.......
     
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  6. NewDVCaddict

    NewDVCaddict Earning My Ears

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    Was told we should close "shortly". Both our documents and our sellers' were received as of 3/23. Thanks for starting a thread for this group!
     
  7. Buzzalot

    Buzzalot Earning My Ears

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    HaHa Love the "to infinity and beyond" reference. Made me laugh! :rotfl2:

    Where do they come up with these time frames, "shortly". To me that means the same day!
     
  8. 5 Mickey Fans

    5 Mickey Fans Earning My Ears

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    We closed today. How long before the deed is recorded on the OCC website? The website shows the date of 3/19/15 as the date documents have been proofed through. What does that mean for us? Do we have to wait until they are working on today's date before our deed is recorded?
     
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  9. summabreeze85

    summabreeze85 Mouseketeer

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    Our title company recieved our signed closing docs march 9th and the file JUST closed today. I really don't understand why it took 2 weeks to close.
     
  10. WildGinger

    WildGinger Mouseketeer

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    We received our closing docs on 3/2. Mailed the contract and wired the money on 3/3. We are still waiting for the sellers. UGH. They finally signed the documents however now they need to wire the money in to close. This has been the longest part of the entire process.
     
  11. disneyhutson

    disneyhutson DVC Member, loves everything Disney!

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    I agree our buyers have sat on the closing docs for 11 days and counting...did THEY not want to sell???
     
  12. supersnoop

    supersnoop What time is the three o'clock parade?

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    If they have to bring money to the table, they won't be in too much of a hurry. They might be waiting for payday before they can cut a check.
     
  13. NewDVCaddict

    NewDVCaddict Earning My Ears

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    Where do they come up with these time frames, "shortly". To me that means the same day![/QUOTE]

    Buzzalot, I agree! Got the email last night (3/26) that we closed, so "closing shortly" meant 3 days, in our case, after they had all documents from buyers and sellers. Good luck to all still waiting!!! Now it is time for me to stalk the website where the deed gets recorded ;)
     
  14. Buzzalot

    Buzzalot Earning My Ears

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    We closed two days ago. Deed was recorded the same day. I reviewed the document on the OCC site. Yesterday received an email from the title company that the recorded deed was sent to Disney to transfer the contract and issue my membership number.

    I feel better......coming down the home stretch
     
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  15. sgrap

    sgrap DIS Veteran

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    Hurray! When was your rofr date?
     
  16. madhavok

    madhavok Mouseketeer

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    Congrats on the closings!
     
  17. Buzzalot

    Buzzalot Earning My Ears

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    ROFR was 2/9

    Thank You!
     
  18. disneyhutson

    disneyhutson DVC Member, loves everything Disney!

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    Ok after 15 days the sellers have returned the closing paperwork!! NOW onto another wait. 50 days into this process sooo far. If we were purchasing direct what would the process be like?
     
  19. sgrap

    sgrap DIS Veteran

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    We received our closing documents on 2/26 (Thursday), and both the seller's paperwork arrived at that title company today 2/30 (Monday). The title agent says she wants to close it by tomorrow so it will be on the books for March. How long generally from closing until we can actually make reservations? We waited 23 days for ROFR and 29 days from ROFR to getting our closing papers, so I am thrilled that we are getting something done quickly. Still hoping to make reservations by April 15th but not holding my breath.

    Also, we are buying VGC, so what website do I need to "stalk" to see when it gets recorded? I have heard that CA takes longer for this step than the Florida properties.
     
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  20. supersnoop

    supersnoop What time is the three o'clock parade?

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    When you purchase direct, you can access your points immediately. You're probably looking at another 12-18 days before you get your points.
     
  21. DWorldOrBust

    DWorldOrBust There's no place like home...

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    My contract was recorded on the OC comptroller site on 3/18 and I just booked my first vacation today! pixiedust:
     
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