Closing Time!!

[ScubaCat]

I received a letter in the mail today with my Membership number - I was going to activate my membership online. I need an activation code - Is that only in my Vacation Planner packet?

Thanks!

No, just call and they'll give it to you over the phone.

 

[BriggsBetOnDis]

Hi all!

Totally shocked to call yesterday and get my member number. I called and selected option 3. Asked if I was in the system yet and she looked and said "yes, you were added today actually...would you like your membership number?" My mouth dropped open as I was in utter shock but I managed to thank her profusely. She then transferred me to get my activation code but my account was still being set up so she told me to call back today. Fingers crossed I'm making my first reservation this afternoon!

4/20 Offer Accepted
5/13 Passed ROFR
6/3 Received Closing Docs
6/6 Sent Docs
6/9 Closed
6/10 Recorded
6/21 Got Member #
6/22 - hope to get activation code!

Never would have made it through this process without these boards! So much amazing info here.

 

[Deb123]

Hi, just thought I'd share our progress of our 2nd resale contract that we are waiting to close on. We currently own at VB when I got it for a steal back last Feb. ($52/pt) This time it's for 100 pts at BWV's, purchased for $100/pt. We love F&W and choose this resort so we can book a standard studio room at the 11 mth mark.

4/16-sent to Disney
5/9-passed ROFR
6/02-received Estoppel from Disney
6/13- received Closing documents
6/16-documents and funds returned

So, this is where I am at. Waiting to close, which hopefully will be any day now. We are using The Timeshare Store and have been pleased with them. They have kept us informed alot better than our last resale purchase when we used DVC Magic Resales.

 

[DizBub]

6/16-documents and funds returned

So, this is where I am at. Waiting to close, which hopefully will be any day now. We are using The Timeshare Store and have been pleased with them. They have kept us informed alot better than our last resale purchase when we used DVC Magic Resales.

I'm right there with you. Got our closing documents last Friday and sent payment the same day. Was told it should arrive on Monday June 20. Still have not heard a word that it was received even after calling and leaving a message this morning. I called who it was sent to, maybe I should call the broker? Just frustrated.

 

[Deb123]

I'm right there with you. Got our closing documents last Friday and sent payment the same day. Was told it should arrive on Monday June 20. Still have not heard a word that it was received even after calling and leaving a message this morning. I called who it was sent to, maybe I should call the broker? Just frustrated.

I got an email when funds and documents were received. The title company actually sent me a prepaid Fed Ex label for overnight shipping. What company are you going through?

 

[DizBub]

We are dealing with a company that gets xxxx'd out on this board and they use an attorney for the closing.

But I just now got the email from the broker that our sale has closed. Yay!! I figured if I whined on here we would hear something.

Just a little concerned because that was a chunk of $ to be floating around between IL and FL...an email saying it had been received would have been nice.

 

[indyannamom]

We received our closing docs today... Waiting on a call back from the title agent as my husband and I are in two separate cities for 2 weeks and the broker and the title company were both aware, they didn't tell us what they needed us to do (they said they would when we received the docs).

Really hoping to get a call back today so we can complete everything by tomorrow!

 

[DixieDelights]

We received and returned our closing docs and money a week ago. The broker has still not heard anything from the seller or been able to contact them. I'm so nervous that after all this waiting that they are backing out. I know what we would lose as a buyer for backing out, but what does the seller lose? Anyone had something like this happen?

 

[firerunner1965]

Moving over to this thread!!

Submitted 5/18/2016
ROFR 6/8/2016
Closing Documents Received 6/22/2016

and now we wait..again

using DVC resale and Magic title

 

[Supplanter]

Finally closed today...
Sent 3/25, rofr 4/22, docs received 5/26 right as we left on a long vacation lol so we finally got them sent in on 6/13 but forgot to sign on one line. Resent 6/17 and recorded today 6/22... Yay!

 

[DizBub]

We received and returned our closing docs and money a week ago. The broker has still not heard anything from the seller or been able to contact them. I'm so nervous that after all this waiting that they are backing out. I know what we would lose as a buyer for backing out, but what does the seller lose? Anyone had something like this happen?

This happened to us a few years ago when we first tried to buy a SSR contract. After signing and sending payment we waited for weeks and the sellers never did return their closing documents. We cancelled and moved on but my broker said that since they, the broker had fulfilled their end of the bargain the sellers still owed the fees due for the sale. I don't know if they ever did collect.

Sit tight for now, maybe they are on vacation. We are leaving tomorrow morning for a 12 day trip to WDW and I was afraid we would be the ones holding up our closing. Thinking good thoughts for you.

 

[Supplanter]

We received and returned our closing docs and money a week ago. The broker has still not heard anything from the seller or been able to contact them. I'm so nervous that after all this waiting that they are backing out. I know what we would lose as a buyer for backing out, but what does the seller lose? Anyone had something like this happen?

I wouldn't get too nervous yet, I held up Closing almost 2 weeks while we were on vacation and a little longer when we forgot to sign on one line. They don't really lose anything but they'd have to go thru the hassle of finding another buyer and if theyre serious about selling it they probably wouldnt bother trying to get a couple hundred more and have to wait months to get it.

 

[firerunner1965]

Submitted 5/18/2016
ROFR 6/8/2016
Closing Documents Received 6/22/2016
Sent the funds and our closing documents in this morning! 6/23/2016

So how long does this part usually take?

And the BIG question how long before we get a member number now??

 

[Supplanter]

Submitted 5/18/2016
ROFR 6/8/2016
Closing Documents Received 6/22/2016
Sent the funds and our closing documents in this morning! 6/23/2016

So how long does this part usually take?

And the BIG question how long before we get a member number now??

It should close the day they receive the paper work as long as everything is right. It'll record a couple days later and then Disney takes around 2 weeks to get you a member number

 

[tawi]

We received and returned our closing docs and money a week ago. The broker has still not heard anything from the seller or been able to contact them. I'm so nervous that after all this waiting that they are backing out. I know what we would lose as a buyer for backing out, but what does the seller lose? Anyone had something like this happen?

I feel your pain about being nervous and wanting to close!

We returned our closing docs and payment on 6/14, notified it was received on 6/15 but there was a problem with the seller's paperwork, so their documents had be revised. We were supposed to close today, but now not sure when. As of yesterday, the seller hadn't returned their paperwork. I almost want to call the closing title company and broker daily just to light a fire. I have a vacation I want to book

 

[bestdayever09]

Sent for ROFR: 5/2
Passed ROFR: 5/27
Received closing docs: 6/15
Closing Docs received by ***: 6/17
Closed: 6/20
Deed Recorded: 6/21

Impatiently waiting for the points to load in my account...lol I check my DVC account a few times a day.

The new points are the same use year and same resort as I already have. My broker said my points should appear before I get my letter, and I have seen a few people on Facebook have them loaded within a week of closing when they already have an account. We put the same exact names on this contract as our other one. Will calling member services possibly help anything?

 

[YoSteph]

Submitted 5/18/2016
ROFR 6/8/2016
Closing Documents Received 6/22/2016
Sent the funds and our closing documents in this morning! 6/23/2016

So how long does this part usually take?

And the BIG question how long before we get a member number now??

As others had said before it all depends on the seller. I sent my check USPS certified and it still beat my sellers getting their paperwork in. Glad I didn't splurge on overnight...

I'm still waiting on my physical cards...but all else is good.

 

[DizBub]

As others had said before it all depends on the seller. I sent my check USPS certified and it still beat my sellers getting their paperwork in. Glad I didn't splurge on overnight...

We sent ours USPS certified too. Sent Friday 6/17 and notified we closed on Wednesday 6/22. Apparently the seller was prompt. Waiting to see when it shows up on the comptroller's site.

 

[NormaG]

Submitted 5/18/2016
ROFR 6/8/2016
Closing Documents Received 6/22/2016
Sent the funds and our closing documents in this morning! 6/23/2016

We are about the same time line as you...
Submitted 5/18/16
Passed ROFR 6/8/2016
Received closing documents 6/16/2016
Sent documents and funds 6/21/2016
The called that they received the funds yesterday, 6/23/2016

Waiting to get our member number will probably be our longest wait!

 

[NormaG]

@firerunner1965

We are about the same time line as you...
Submitted 5/18/16
Passed ROFR 6/8/2016
Received closing documents 6/16/2016
Sent documents and funds 6/21/2016
The called that they received the funds yesterday, 6/23/2016

Waiting to get our member number will probably be our longest wait!