Closing Time!!

Liquidice

Mouseketeer
Joined
Mar 10, 2019
I just received my closing docs tonight - has anyone ever seen a fee called "Closing Reserve" that costs me $25 (as the buyer)? It isn't a big fee, but just curious what this fee is for? It is categorized as "Adjustments".
 

3 DD love princesses

DIS Veteran
Joined
Aug 15, 2015
I just received my closing docs tonight - has anyone ever seen a fee called "Closing Reserve" that costs me $25 (as the buyer)? It isn't a big fee, but just curious what this fee is for? It is categorized as "Adjustments".
Yes American title did that to me and it’s a just in case and they refund it if it’s not needed.
 
  • Liquidice

    Mouseketeer
    Joined
    Mar 10, 2019
    Home: BCV
    Broker: https://fidelityresales.com/
    Title Company: https://www.firstam.com/
    Offer made: 7/8/2020
    Offer accepted: 7/8/2020
    Sent to ROFR: 7/15/2020
    Passed ROFR: 8/24/2020 (40 days)
    Estoppel Received: 8/27/2020 (3 days)
    Closing docs received: 9/2/2020 (10 days)
    Closing docs returned: 9/2/2020 (electronic signature)
    Sellers closing docs returned:
    Closing:
    Deed recorded:
    Contract Showing on Membership:
    Points in account:
     

    Sandisw

    DVC Forums
    Moderator
    Joined
    Nov 15, 2008
    For new people to this thread, you must post a link to brokers..even if you or never have as it ensures the filter can do its job.

    For consistency, any post without the link is deleted.
     

    Washfamily

    Earning My Ears
    Joined
    Jul 17, 2010
    Home: AKL
    Broker: dvcresalemarket.com
    Title Company: Magic Vacation Title
    Offer made: 7/8/2020
    Offer accepted: 7/13/2020
    Sent to ROFR: 7/15/2020
    Passed ROFR: 8/19/2020 (35 days)
    Closing docs received: 8/27/2020 (8 days)
    Closing docs returned: 9/1/2020
    Sellers closing docs returned: 8/31/2020
    Closing: 9/2/2020 (56 days)
    Deed recorded: 9/3/2020 (57 days)
    Contract Showing on Membership:
    Points in account:

    Fingers crossed everything will be finalized by the end of the month!
     

    Lorana

    DIS Veteran
    Joined
    Jan 30, 2001
    UPDATED: Passed ROFR, received closing docs, and now waiting on seller to return docs

    Home: Copper Creek (CCV) -- Resale Contract #2
    Broker: *************.com
    Title Company: TRCS
    Offer made: 07/14/2020
    Offer accepted: 07/15/2020
    Sent to ROFR: 07/15/2020
    Passed ROFR: 08/24/2020
    Closing docs received: 09/01/2020
    Closing docs returned: 09/03/2020
    Seller returned closing docs:
    Closing:
    Deed recorded:
    Contract Showing on Membership:
    Points in account:

    TIME TOTAL: 50 days and counting...
    offer to ROFR: 41 days
    ROFR passing to Closing: 9 days and counting...
    Closing to Points in Account:

    ******
    Here is my experience so far, as I’ve done numerous mostly small contracts:

    Closed Contracts (offer to points in account):

    BRV Resale - 43 days - FidelityResales.com / Mason
    AKL Resale #1 - 49 days - DVCbyResale.com / Mason
    AKL Resale #2 - 40 days - DVCStore.com / Mason
    AKL Resale #3 - 80 days - DVCResaleMarket.com / Magic Vacation Title (start of Covid)
    CCV Resale #1 - 91 days - FidelityResales.com / Mason (Covid, end-May to end-August)

    In progress:
    SSR Resale - *************.com / TRCS - 38 days to pass ROFR, 68 days (+30) to closing & deed recording, 115 days (+47) to contract appearing, 117 total days and counting... (no points yet)
    CCV Small Resale #2 - *************.com / TRCS - 41 days to pass ROFR, 50 total days so far, waiting for seller closing (offer made 7/14, sent to ROFR 7/15)
    CCV Small Resale #3 - FidelityResales.com / Mason - 49 days to pass ROFR, 51 total days so far, waiting for estoppel/closing docs (offer made 7/15, sent to ROFR 7/21)
     
    Last edited:

    Lorana

    DIS Veteran
    Joined
    Jan 30, 2001
    UPDATED: Passed ROFR! Now waiting on estoppel and closing docs

    Home: Copper Creek (CCV) -- Small Resale Contract #3
    Broker: FidelityResales.com
    Title Company: Mason
    Offer made: 07/15/2020
    Offer accepted: 07/15/2020
    Offer contract received and sent in with deposit: 07/16/2020
    Seller returned offer contract: 07/20/2020
    Sent to ROFR: 07/21/2020
    Passed ROFR: 09/01/2020
    Closing docs received:
    Closing docs returned:
    Seller returned closing docs:
    Closing:
    Deed recorded:
    Contract Showing on Membership:
    Points in account:

    TIME TOTAL: 51 days and counting...
    offer to ROFR: 49 days
    ROFR passing to Closing: 2 days and counting...
    Closing to Points in Account:


    ******
    Here is my experience so far, as I’ve done numerous mostly small contracts:

    Closed Contracts (offer to points in account):

    BRV Resale - 43 days - FidelityResales.com / Mason
    AKL Resale #1 - 49 days - DVCbyResale.com / Mason
    AKL Resale #2 - 40 days - DVCStore.com / Mason
    AKL Resale #3 - 80 days - DVCResaleMarket.com / Magic Vacation Title (start of Covid)
    CCV Resale #1 - 91 days - FidelityResales.com / Mason (Covid, end-May to end-August)

    In progress:
    SSR Resale - *************.com / TRCS - 38 days to pass ROFR, 68 days (+30) to closing & deed recording, 115 days (+47) to contract appearing, 117 total days and counting... (no points yet)
    CCV Small Resale #2 - *************.com / TRCS - 41 days to pass ROFR, 50 total days so far, waiting for seller closing (offer made 7/14, sent to ROFR 7/15)
    CCV Small Resale #3 - FidelityResales.com / Mason - 49 days to pass ROFR, 51 total days so far, waiting for estoppel/closing docs (offer made 7/15, sent to ROFR 7/21)
     
    Last edited:

    twilightzone81

    Earning My Ears
    Joined
    Jul 11, 2020
    Home: SSR
    Broker: www.*************.com
    Title Company: TRCS inc
    Offer made: 7/16/20
    Offer accepted: 7/16/20
    Sent to ROFR: 7/17/20
    Passed ROFR: 8/24/20 (38 days)
    Closing docs received: 9/2/20
    Closing docs returned: 9/3/20
    Sellers closing docs returned:
    Closing:
    Deed recorded:
    Contract Showing on Membership:
    Points in account:
     

    ZoneTEN

    Earning My Ears
    Joined
    Apr 4, 2019
    Home: Beach Club Villas
    Broker: www.dvcbyresale.com
    Title Company: Jeffrey C. Sweet, Esquire
    Offer made: 06/17/2020
    Offer accepted: 06/17/2020
    Sent to ROFR: 06/18/2020
    Passed ROFR: 07/29/2020
    Closing docs received: 08/04/2020
    Closing docs returned: 08/05/2020
    Seller returned closing docs: Unknown
    Closing: 08/07/2020
    Deed recorded: 08/07/2020
    Contract Showing on Membership: 09/03/2020
    Points in account:
     

    Daisybell911

    Looking for my Dinglehopper!
    Joined
    Apr 21, 2015
    For those of you who may be interested in the saga of an international seller (in England), so far so good. The seller has been very responsive. I got an email from my broker on 8/27 that said the seller confirmed the receipt of their closing docs but they couldn't get an appointment with a notary until today, 9/4. They are supposed to send the paperwork back by Fedex afterwards so, considering its a holiday weekend, I don't know when it will fall into the hands of Fidelity (assuming they send it back right away).

    Just figured I'd keep everyone informed since international sellers isn't seen every day (although not uncommon)

    Happy Labor Day weekend to my US friends! 14 days to Disneyworld!!!
     
    Joined
    Jul 27, 2019
    Hi all, Happy Labor Day weekend! I wanted to see if anyone has experienced a delay in Estoppel being issued and if so if it meant there was an issue with points. I’m at day 15 after passing ROFR, still waiting on estoppel. I assume it’s ok but just curious if any of you had a similar experience and what the outcome was. As always thank you for your feedback!
     

    meanwoodwhite

    Earning My Ears
    Joined
    May 24, 2020
    Got on chat regarding my points being loaded early if possible due to me wanting to book for my stay in Feb. I'm worried at losing the current availability if I wait to long.

    Got to say wasn't impressed with my first contact with membership services. I realise chat isn't the best way for customer service. But saying that I have some good experience with other companies on chat. But the agent was short and Impersonal. Just got a "too bad you can't have points until you get them, maybe try calling in" and every message had is there anything I can help you with today.
     

    Lorana

    DIS Veteran
    Joined
    Jan 30, 2001
    Hi all, Happy Labor Day weekend! I wanted to see if anyone has experienced a delay in Estoppel being issued and if so if it meant there was an issue with points. I’m at day 15 after passing ROFR, still waiting on estoppel. I assume it’s ok but just curious if any of you had a similar experience and what the outcome was. As always thank you for your feedback!
    I had an SSR contract just recently that took 23 days to get estoppel and closing docs. It then took 47 days for it to appear in my account. I’m 4 days past that and waiting for points. This was using TRCS.

    During that same time, I had another contract with Mason during that same time, which took 3 days for estoppel and closing docs, 27 days to appear in my account after deed recorded, and 4 days for points to appear.
     

    Lorana

    DIS Veteran
    Joined
    Jan 30, 2001
    UPDATED: And received closing docs! Wow, that was fast.

    Home: Copper Creek (CCV) -- Small Resale Contract #3
    Broker: FidelityResales.com
    Title Company: Mason
    Offer made: 07/15/2020
    Offer accepted: 07/15/2020
    Offer contract received and sent in with deposit: 07/16/2020
    Seller returned offer contract: 07/20/2020
    Sent to ROFR: 07/21/2020
    Passed ROFR: 09/1/2020
    Closing docs received: 09/4/2020
    Closing docs returned: 09/4/2020
    Seller returned closing docs:
    Closing:
    Deed recorded:
    Contract Showing on Membership:
    Points in account:

    TIME TOTAL: 52 days and counting...
    offer to ROFR: 49 days
    ROFR passing to Closing: 3 days and counting...
    Closing to Points in Account:


    ******
    Here is my experience so far, as I’ve done numerous mostly small contracts:

    Closed Contracts (offer to points in account):

    BRV Resale - 43 days - FidelityResales.com / Mason
    AKL Resale #1 - 49 days - DVCbyResale.com / Mason
    AKL Resale #2 - 40 days - DVCStore.com / Mason
    AKL Resale #3 - 80 days - DVCResaleMarket.com / Magic Vacation Title (start of Covid)
    CCV Resale #1 - 91 days - FidelityResales.com / Mason (Covid, end-May to end-August)

    In progress:
    SSR Resale - *************.com / TRCS - 38 days to pass ROFR, 68 days (+30) to closing & deed recording, 115 days (+47) to contract appearing, 119 total days and counting... (no points yet)
    CCV Small Resale #2 - *************.com / TRCS - 41 days to pass ROFR, 51 total days so far, waiting for seller closing (offer made 7/14, sent to ROFR 7/15)
    CCV Small Resale #3 - FidelityResales.com / Mason - 49 days to pass ROFR, 52 total days so far, waiting for seller to return closing docs (offer made 7/15, sent to ROFR 7/21)
     

    Sandisw

    DVC Forums
    Moderator
    Joined
    Nov 15, 2008
    Got on chat regarding my points being loaded early if possible due to me wanting to book for my stay in Feb. I'm worried at losing the current availability if I wait to long.

    Got to say wasn't impressed with my first contact with membership services. I realise chat isn't the best way for customer service. But saying that I have some good experience with other companies on chat. But the agent was short and Impersonal. Just got a "too bad you can't have points until you get them, maybe try calling in" and every message had is there anything I can help you with today.
    Unfortunately, chat CMs don’t all have the same ability as phone CMs as well as sometimes they are following rules that other chat CMa may bend.

    I could not get chat CMa to do anything either but did through calling. Plus some CMs are working feom home and some are not from what I have been Told. It’s possible that played a role.

    Call MS. I think success will be greater there!
     
    Joined
    Jul 27, 2019
    I had an SSR contract just recently that took 23 days to get estoppel and closing docs. It then took 47 days for it to appear in my account. I’m 4 days past that and waiting for points. This was using TRCS.

    During that same time, I had another contract with Mason during that same time, which took 3 days for estoppel and closing docs, 27 days to appear in my account after deed recorded, and 4 days for points to appear.
    Thanks for the info!
     

    Rustygirl84

    Momma, wife, nurse
    Joined
    Jun 18, 2020
    Hi all, Happy Labor Day weekend! I wanted to see if anyone has experienced a delay in Estoppel being issued and if so if it meant there was an issue with points. I’m at day 15 after passing ROFR, still waiting on estoppel. I assume it’s ok but just curious if any of you had a similar experience and what the outcome was. As always thank you for your feedback!
    We had an issue where Disney emailed it to the title company but did not actually attach it to the email. This delayed us about 2.5 weeks between passing ROFR and receiving closing documents. After it was received, everything was smooth sailing.
     

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