Closing Time!!

mrsclark

DIS Veteran
Joined
May 16, 2013
Update!

BCV 1 of 2
Home: BCV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 6/6/21
Offer accepted: 6/6/21
Sent to ROFR: 6/10/21
Passed ROFR: 6/30/21
Estoppel Received: 7/09/21
Closing docs received: 7/14/21
Closing docs returned: 7/14/21
Sellers closing docs returned: 7/20/21 (We did not wire funds until we received confirmation that the sellers had completed and returned their paperwork to Magic Vacation Title)
Funds Wired: 7/20/21
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

BCV 2 of 2

Home: BCV
Broker: www.****************.com
Title Company: Mason
Offer made: 6/18/21
Offer accepted: 6/18/21
Sent to ROFR: 6/21/21
Passed ROFR: 7/12/21
Estoppel Received: 7/13/21
Closing docs received: 7/15/21
Closing docs returned: 7/16/21
Sellers closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:
 
  • HappyThoughtsTees

    Mouseketeer
    Joined
    Jul 15, 2020
    Ugh, this whole timeline issue for some folks makes me worried. We passed ROFR for an Aulani contract on 7/11, and the banking deadline is 9/30. I don't mind waiting - I just don't want to lose the points.

    How long has the process been for you so far?
    The whole thing took over 4 months. Offer made 3/1, points in account 7/12. The title company we were told to use was First Reliable Transfers, and to be honest the communication was seriously lacking. It took a month to receive closing docs, and over a month to record the deed. Keeping my fingers crossed for you that your transaction moves faster!
     

    BayGirl22

    DIS Veteran
    Joined
    Apr 23, 2012
    Hi- Can I ask which title agent you had with First American? We have two west coast contracts with them right now and I'm concerned, it's taking quite a while to get our closing docs.
    First name was Stacey.
    Apparently the mistakes on the deed were not the fault of the title company, but there were several mistakes in emails to us that were.
    She was responsive when I asked questions, I just feel like the extra back and forth added time to the process for us.

    Our agent had the seller bank our points before we started the process. I was all "oh, hopefully we'll close by end of May..." and we didn't. Easy for the seller to do that at any point.
     

    kandlsutton

    Mouseketeer
    Joined
    May 22, 2019
    Update

    Home: VGF
    Broker: www.fidelityrealestate.com
    Title Company: Mason Title
    Offer made: 6/10/21
    Offer accepted: 6/10/21
    Sent to ROFR: 6/15/22
    Passed ROFR: 7/01/21
    Estoppel Received: 7/07/21
    Closing docs received: 7/08/21
    Closing docs returned: 7/08/21
    Sellers closing docs returned: 7/14/21 (funds wired)
    Closing: 7/22/21
    Deed recorded: 7/22/21
    Contract Showing on Membership:
    Points in account:
     
    Last edited:

    Michiel

    DVC Member | Visited all Disney Parks
    Joined
    May 12, 2017
    Mine is taking longer than most others I've seen here, but getting there!

    Home: SSR
    Broker:
    Title Company: Jeffrey C. Seller
    Offer made: 05/09/21
    Offer accepted: 05/11/21
    Sent to ROFR: 05/12/21
    Passed ROFR: 06/01/21
    Estoppel Received:
    Closing docs received: 06/15/21
    Closing docs returned: 06/16/21
    Sellers closing docs returned: 07/19/21
    Closing: 07/21/21
    Deed recorded:
    Contract Showing on Membership:
    Points in account
     

    mrsclark

    DIS Veteran
    Joined
    May 16, 2013
    Update!

    BCV 1 of 2
    Home: BCV
    Broker: www.dvcresalemarket.com
    Title Company: Magic Vacation Title
    Offer made: 6/6/21
    Offer accepted: 6/6/21
    Sent to ROFR: 6/10/21
    Passed ROFR: 6/30/21
    Estoppel Received: 7/09/21
    Closing docs received: 7/14/21
    Closing docs returned: 7/14/21
    Sellers closing docs returned: 7/20/21 (We did not wire funds until we received confirmation that the sellers had completed and returned their paperwork to Magic Vacation Title)
    Funds Wired: 7/20/21
    Closing: 7/22/21
    Deed recorded:
    Contract Showing on Membership:
    Points in account:

    BCV 2 of 2

    Home: BCV
    Broker: www.****************.com
    Title Company: Mason
    Offer made: 6/18/21
    Offer accepted: 6/18/21
    Sent to ROFR: 6/21/21
    Passed ROFR: 7/12/21
    Estoppel Received: 7/13/21
    Closing docs received: 7/15/21
    Closing docs returned: 7/16/21
    Sellers closing docs returned:
    Closing:
    Deed recorded:
    Contract Showing on Membership:
    Points in account:
     

    nicstress

    Earning My Ears
    Joined
    Apr 17, 2014
    Does anyone have experience with TRSC (timeshare resale closing services)? Good or not good? Fast or slow? We passed ROFR 8 days ago and not a peep from them.
    I had a great experience with them. You passed ROFR right before Disney stopped doing some of their administrative stuff. They are back up and running now but that could have caused the delay. I was told the second time around from my current broker you could wait 2-3 weeks for estoppel. I never have but it's possible.
     

    disneyfan123

    He got my hubbies steak once
    Joined
    Oct 3, 2007
    Just because there's 2 threads going, I'll post this here as well!

    Home Resort: SSR
    Broker: ****************.com
    Title Company: Mason and Title
    Offer made: June 16
    Offer accepted: June 16
    Sent to ROFR: June 17
    Passed ROFR: July 12
    Estoppel received: July 12
    Closing docs received: July 13
    Closing docs returned: July 13
    Closing: July 23
    Deed recorded:
    Contract Showing on Membership (new member):
    Points in account:

    Days Total:
     

    TMichele

    Earning My Ears
    Joined
    Jun 3, 2021
    So, I finally closed yesterday…..

    Home Resort: BLT
    Broker: fidelityrealestate.com
    Title Company: Mason Title
    Offer made: 06/09/2021
    Offer accepted: 06/09/2021
    Sent to ROFR: 06/15/2021
    Passed ROFR: 07/06/2021
    Estoppel received: 07/07/2021
    Closing docs received: 07/08/2021
    Closing docs returned: 07/08/2021 (funds wired)
    Seller’s closing docs returned: ?
    Closing: 7/26/2021
    Deed recorded:
    Contract Showing on Membership:
    Points in account:
     

    Rush

    Mouseketeer
    Joined
    Mar 12, 2019
    Update #1

    Home: AKV
    Broker: www.dvcsales.com
    Title Company: Mason Title
    Offer made: 6/20/21
    Offer accepted: 6/20/21
    Sent to ROFR: 6/21/21
    Passed ROFR: 7/12/21
    Estoppel Received: 7/13/21
    Closing docs received: 7/14/21
    Closing docs returned: 7/14/21 (payment sent via FedEx 7/20/21, delivered to title co. 7/22/21)
    Sellers closing docs returned: 7/19/21
    Closing: 7/27/21
    Deed recorded: 7/27/21
    Contract Showing on Membership:
    Points in account:
     

    kilik64

    Champions of Europe, We Know What We Are
    Joined
    May 21, 2021
    Has anyone had any luck getting MS through either phone or chat or load points lately? Ive called multiple times and just did the chat and keep getting told they will load when they load basically. The 7 month window hits on 8/6 so getting antsy and annoyed that they havent loaded yet and they dont seem to care to get them loaded. I know people have posted in the past about calling and they get points loaded pretty easy, so wonder if this is a new thing?

    Contract closed 6/30 so well before the down time. Got our id and accounts set up on 7/13. Just in case both those matter.
     

    Sandisw

    DVC Forums
    Moderator
    Joined
    Nov 15, 2008
    Has anyone had any luck getting MS through either phone or chat or load points lately? Ive called multiple times and just did the chat and keep getting told they will load when they load basically. The 7 month window hits on 8/6 so getting antsy and annoyed that they havent loaded yet and they dont seem to care to get them loaded. I know people have posted in the past about calling and they get points loaded pretty easy, so wonder if this is a new thing?

    Contract closed 6/30 so well before the down time. Got our id and accounts set up on 7/13. Just in case both those matter.
    Maybe they have decided to not allow people to do this anymore as in essence, it gets them ahead of others waiting who don’t call.

    I would give them until 8/1. If your account wa created 7/13, even with shut down, that would still mean you’ve waited well beyond the typical average of 10 days
     

    mrsclark

    DIS Veteran
    Joined
    May 16, 2013
    Update!

    BCV 1 of 2
    Home: BCV
    Broker: www.dvcresalemarket.com
    Title Company: Magic Vacation Title
    Offer made: 6/6/21
    Offer accepted: 6/6/21
    Sent to ROFR: 6/10/21
    Passed ROFR: 6/30/21
    Estoppel Received: 7/09/21
    Closing docs received: 7/14/21
    Closing docs returned: 7/14/21
    Sellers closing docs returned: 7/20/21 (We held funds until we received confirmation the sellers had signed and returned their paperwork)
    Funds Wired: 7/20/21
    Closing: 7/22/21
    Deed recorded: 07/27/2021
    Contract Showing on Membership:
    Points in account:

    BCV 2 of 2

    Home: BCV
    Broker: www.****************.com
    Title Company: Mason
    Offer made: 6/18/21
    Offer accepted: 6/18/21
    Sent to ROFR: 6/21/21
    Passed ROFR: 7/12/21
    Estoppel Received: 7/13/21
    Closing docs received: 7/15/21
    Closing docs returned: 7/16/21
    Sellers closing docs returned:
    Closing:
    Deed recorded:
    Contract Showing on Membership:
    Points in account:

    Our first contract is zooming right along, but I am getting a little frustrated with the second contract - we are almost at two weeks since we received closing docs and the seller still hasn't returned hers - I know it is common for sellers to take a long time to return especially with having to get them notarized on their end, but still tough to add more waiting to this long process.
     

    Emmsgug

    Earning My Ears
    Joined
    Apr 20, 2021
    Home: CCV
    Broker: www.fidelityrealestate.com
    Title Company: First American
    Offer made: 4/15/2021
    Offer accepted: 4/21/2021
    Sent to ROFR: 4/21/2021
    Passed ROFR: 5/10/2021
    Estoppel Received: 6/10/2021
    Closing docs received: 6/11/2021
    Closing docs returned: 6/14/2021
    Sellers closing docs returned: 7/9/2021(last of the three sellers to return)
    Closing: 7/29/2021
    Deed recorded: 7/29/21
    Contract Showing on Membership:
    Points in account:

    This is the definition of hurry up and wait….what a friggin ordeal.

    Not impressed with First American…like at all…burning dumpster fire of a closing agent.
     

    mrsclark

    DIS Veteran
    Joined
    May 16, 2013
    Update!

    BCV 1 of 2
    Home: BCV
    Broker: www.dvcresalemarket.com
    Title Company: Magic Vacation Title
    Offer made: 6/6/21
    Offer accepted: 6/6/21
    Sent to ROFR: 6/10/21
    Passed ROFR: 6/30/21
    Estoppel Received: 7/09/21
    Closing docs received: 7/14/21
    Closing docs returned: 7/14/21
    Sellers closing docs returned: 7/20/21 (We held funds until we received confirmation the sellers had signed and returned their paperwork)
    Funds Wired: 7/20/21
    Closing: 7/22/21
    Deed recorded: 07/27/2021
    Contract Showing on Membership:
    Points in account:

    BCV 2 of 2

    Home: BCV
    Broker: www.****************.com
    Title Company: Mason
    Offer made: 6/18/21
    Offer accepted: 6/18/21
    Sent to ROFR: 6/21/21
    Passed ROFR: 7/12/21
    Estoppel Received: 7/13/21
    Closing docs received: 7/15/21
    Closing docs returned: 7/16/21
    Sellers closing docs returned:
    Closing:
    Deed recorded:
    Contract Showing on Membership:
    Points in account:

    Our first contract is zooming right along, but I am getting a little frustrated with the second contract - we are almost at two weeks since we received closing docs and the seller still hasn't returned hers - I know it is common for sellers to take a long time to return especially with having to get them notarized on their end, but still tough to add more waiting to this long process.
    on BCV #2, I contacted the broker and closing company today to see if they knew when the seller would be returning her closing documents. They said they have been shipped and are scheduled for delivery to the title company tomorrow. If they confirm receipt tomorrow morning, then we will wire the funds and get this thing closed!
     

    mrsclark

    DIS Veteran
    Joined
    May 16, 2013
    Home: CCV
    Broker: www.fidelityrealestate.com
    Title Company: First American
    Offer made: 4/15/2021
    Offer accepted: 4/21/2021
    Sent to ROFR: 4/21/2021
    Passed ROFR: 5/10/2021
    Estoppel Received: 6/10/2021
    Closing docs received: 6/11/2021
    Closing docs returned: 6/14/2021
    Sellers closing docs returned: 7/9/2021(last of the three sellers to return)
    Closing: 7/29/2021
    Deed recorded: 7/29/21
    Contract Showing on Membership:
    Points in account:

    This is the definition of hurry up and wait….what a friggin ordeal.

    Not impressed with First American…like at all…burning dumpster fire of a closing agent.
    Ouch - that is terrible - I feel for you...
     

    Emmsgug

    Earning My Ears
    Joined
    Apr 20, 2021
    Ouch - that is terrible - I feel for you...
    I should have known when it took them over a week to ratify….and I was sooooo hopeful when we zoomed through ROFR.
    But I was also convinced that they were going to Cancel the contract and relist it as I got it for an exceedingly low per point price….and prices just exploded while we were in ROFR.
    So while I grouse, I’m thankful for the money saved. This was also my first contract, so I didn’t know what to expect…..but 15+ weeks was well above the expectation.
     

    SarahWI

    Mouseketeer
    Joined
    Jan 2, 2021
    Home: BLT
    Broker: https://www.**********.com/
    Title Company: https://www.trcsinc.com/
    Offer made: 6/18/21
    Offer accepted: 6/19/21
    Sent to ROFR: 6/19/21
    Passed ROFR: 7/12/21
    Estoppel Received: uncertain
    Closing docs received: 7/30/21
    Closing docs returned: 7/30/21
    Sellers closing docs returned:
    Closing:
    Deed recorded:
    Contract Showing on Membership:
    Points in account:
     

    badeacon

    DIS Veteran
    Joined
    Jun 5, 2000
    Home: CCV
    Broker: www.fidelityrealestate.com
    Title Company: First American
    Offer made: 4/15/2021
    Offer accepted: 4/21/2021
    Sent to ROFR: 4/21/2021
    Passed ROFR: 5/10/2021
    Estoppel Received: 6/10/2021
    Closing docs received: 6/11/2021
    Closing docs returned: 6/14/2021
    Sellers closing docs returned: 7/9/2021(last of the three sellers to return)
    Closing: 7/29/2021
    Deed recorded: 7/29/21
    Contract Showing on Membership:
    Points in account:

    This is the definition of hurry up and wait….what a friggin ordeal.

    Not impressed with First American…like at all…burning dumpster fire of a closing agent.
    My sympathies with this slow process.
     

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