Closing Time!!

[JWG]

JWG---$125-$12,500-100-BLT-Aug-38/'14, 100/'15, 100/'16, PRORATED 2015MF -sent 8/10 -passed 9/2 -received closing docs 9/16

Received our closing docs today!
37 days total from purchase to docs in hand. Not bad at all.

 

[sgrap]

JWG---$125-$12,500-100-BLT-Aug-38/'14, 100/'15, 100/'16, PRORATED 2015MF -sent 8/10 -passed 9/2 -received closing docs 9/16

Received our closing docs today!
37 days total from purchase to docs in hand. Not bad at all.

Wow, that is near miraculous! Congratulations!

 

[RobbW]

JWG---$125-$12,500-100-BLT-Aug-38/'14, 100/'15, 100/'16, PRORATED 2015MF -sent 8/10 -passed 9/2 -received closing docs 9/16

Received our closing docs today!
37 days total from purchase to docs in hand. Not bad at all.

Must be the magic of BLT! Our BLT closing docs came darn quick, too!

 

[JWG]

Must be the magic of BLT! Our BLT closing docs came darn quick, too!

When they don't have any direct sales to process, I guess they have some time on their hands.

 

[ruzer28]

It took me 100+ to close on my BLT... I must have done something wrong somewhere.

 

[RobbW]

It took me 100+ to close on my BLT... I must have done something wrong somewhere.

The pixie dust gods were punishing you for wrongs committed in a prior life?!

 

[sgrap]

For anyone keeping track . . . final timeline for our add-on contract. We received our member # in the mail today. It was the same UY and resort, so it was added on to our previous membership. But apparently they still send out the letter.
Offer accepted 6/12/15

Sent to ROFR 6/14/15

ROFR passed 7/10/15

Estoppel around 8/14/15 (never given exact date)

Closing documents received 8/18/15

Closed 8/27/15

Recorded 8/27/15 (showed up on Orange County CA website on 9/2/15)

Points added to membership 9/8/15

Member # in the mail 9/17/15

 

[JWG]

We turned around our closing docs today (9/17) including doing a wire transfer they should have confirmation of tomorrow.
So,
Offer accepted - 8/10
Submitted to ROFR - 8/11
Passed ROFR - 9/1
Receieved closing docs - 9/16
Closing docs/payment made - 9/18
Closed - ???
Recorded - ???
Points in hand - ???

 

[JWG]

We turned around our closing docs today (9/17) including doing a wire transfer they should have confirmation of tomorrow.
So,
Offer accepted - 8/10
Submitted to ROFR - 8/11
Passed ROFR - 9/1
Receieved closing docs - 9/16
Closing docs/payment made - 9/18
Closed - ???
Recorded - ???
Points in hand - ???

So we confirmed our paperwork and wire transfer was received by TST&M today. But they're waiting on the seller's docs. That amazes me. I know buyer's are usually most excited to get their points and close, but all the seller's have to do is sign two pages and scan/fax them in. You'd think they'd be all over getting their large cash payment...

 

[Iamthequeen]

Here is my sad tale - offer made and accepted on 5/31, sent to Disney for ROFR on June 4, cleared ROFR on June 29, cleared estoppel on Aug 10. STILL waiting for sellers to return their signed documents. Thursday will be 45 days and this contract will be cancelled at that time. We feel that we have been patient long enough. We had planned to use the 2015 points for a trip in January and bank the remaining points, but that doesn't look feasible at this time. I am beyond annoyed and upset. Looks like we will be starting all over again.

 

[sgrap]

Here is my sad tale - offer made and accepted on 5/31, sent to Disney for ROFR on June 4, cleared ROFR on June 29, cleared estoppel on Aug 10. STILL waiting for sellers to return their signed documents. Thursday will be 45 days and this contract will be cancelled at that time. We feel that we have been patient long enough. We had planned to use the 2015 points for a trip in January and bank the remaining points, but that doesn't look feasible at this time. I am beyond annoyed and upset. Looks like we will be starting all over again.

UG, I am so sorry, that stinks!!

 

[JWG]

Here is my sad tale - offer made and accepted on 5/31, sent to Disney for ROFR on June 4, cleared ROFR on June 29, cleared estoppel on Aug 10. STILL waiting for sellers to return their signed documents. Thursday will be 45 days and this contract will be cancelled at that time. We feel that we have been patient long enough. We had planned to use the 2015 points for a trip in January and bank the remaining points, but that doesn't look feasible at this time. I am beyond annoyed and upset. Looks like we will be starting all over again.

Oh no! That's awful... I just don't get it. You should get the interest on your down payment and funds that have been in escrow for over a month (not that it's a lot, but why should the closing agent get them). Too bad there's no skin in the game for the seller.

 

[DVCnewB]

These horror stories of non responsive sellers is making me nervous. We received our closing docs Saturday and plan to have our paperwork done and sent Tuesday. I hope we don't end up in the same situation.

 

[DVCnewB]

Can a seller back out of a agreement to gain a higher price than agreed to months ago? Would they still owe the broker their commission which would negate any higher price gain?

 

[sgrap]

These horror stories of non responsive sellers is making me nervous. We received our closing docs Saturday and plan to have our paperwork done and sent Tuesday. I hope we don't end up in the same situation.

Don't be too nervous. These horror stories are the exceptions. We've had 2 super fast sellers. One got their notarized papers to the title company the same day as our paperwork--which was basically 2 days after receiving closing docs. You generally hear the horror stories because they are so awful--and I agree, they are just plain horrible when they happen. But most go quite smoothly. Hang in there!

 

[ruzer28]

Got my SSR closing docs today. So here's my timeline so far:

7/23: Sent for ROFR
8/17: Passed ROFR
9/21: Closing docs received - I don't know when Estoppel was received, but I'm guessing Wednesday or Thursday of last week

 

[Iamthequeen]

Don't be too nervous. These horror stories are the exceptions. We've had 2 super fast sellers. One got their notarized papers to the title company the same day as our paperwork--which was basically 2 days after receiving closing docs. You generally hear the horror stories because they are so awful--and I agree, they are just plain horrible when they happen. But most go quite smoothly. Hang in there!

I agree, don't be nervous. Our sellers are foreign for this contract, and maybe they just don't understand the timeline. We bought 2 contracts previously with no problems.

 

[RobbW]

Figured I'd post a couple reports in this thread, too.

Average number of days from passing ROFR to receiving closing docs:

 

[RobbW]

Must be the magic of BLT! Our BLT closing docs came darn quick, too!

So, our closing docs arrived on 9/14/15, only 14 days after we passed ROFR. Freaky fast! However, we weren't prepared for such a quick turnaround and rushed to get funds transferred from several sources all into one account so we could cut a single cashier's check. Well, our bank's hold on all transferred funds was finally released today. Our cashier's check with signed closing docs is already with FedEx for overnight delivery by 10:30 am tomorrow morning! Title company confirmed they've already received the sellers' signed closing docs. Yay!

Unfortunately, title company said they are processing so many files right now that they are running behind. Our closing is currently set for 10/18. I'm hoping for another unexpectedly quick turnaround like with our ROFR->Closing Docs.

 

[ell13]

And now I'm here.

$134-$13,883-100-BLT-Oct-0/'15, 100/'16, 100/'17

Offer accepted - 8/12
Submitted to ROFR - 8/13
Passed ROFR - 9/8
Received closing docs - 9/22
Closing docs/payment made - 9/24
Closed - ???
Recorded - ???
Points in hand - ???