Closing Time!!

[Raenstoirm]

Current timeline
8/9 offer accepted
8/13 sent to ROFR
(have to look that up) Passed
10/14 received closing docs
11/5 returned closing Docs (seller delayed settlement)
~ supposedly 11/9 closing
~ recorded
~ Member Number received

Trip planned for Dec 10th on rented points so I would love my number by then to buy TiW and APs and visit the lounge, just because.

 

[AmyKat]

Here is the list of buyers who *should* (statistically speaking) see their deed recorded within the next week (if they haven't already):

Just found this thread and saw this. Our deed still hasn't been recorded. We have an international seller so I guess that's delaying things.

 

[dvcmom14]

Here is the list of buyers who *should* (statistically speaking) see their deed recorded within the next week (if they haven't already):

You called it! We finally closed today! Now to wait on the deed recording and member number!

Offer made - 8/2/2015
Offer accepted - 8/3/2015
Paperwork sent - 8/4/2015
ROFR Submitted - 8/12/2015
ROFR Passed - 9/8/2015
Closing Docs Received - 10/15/2015
Closing Docs Returned - 10/17/2015
Closing - 11/6/2015
Deed Filed - ???

 

[msjprincess]

You called it! We finally closed today! Now to wait on the deed recording and member number!

Offer made - 8/2/2015
Offer accepted - 8/3/2015
Paperwork sent - 8/4/2015
ROFR Submitted - 8/12/2015
ROFR Passed - 9/8/2015
Closing Docs Received - 10/15/2015
Closing Docs Returned - 10/17/2015
Closing - 11/6/2015
Deed Filed - ???

Wow. Was here something that held it up? We passed ROFR on 9/16 and closed on 10/6.

 

[dvcmom14]

Wow. Was here something that held it up? We passed ROFR on 9/16 and closed on 10/6.

Sadly, no. This whole process has been excruciatingly slow and there's no good reason for it.

 

[mickeyman]

Sadly, no. This whole process has been excruciatingly slow and there's no good reason for it.

We closed on a Friday and our deed showed up recorded the following Monday morning.

 

[3 DD love princesses]

We closed on a Friday and our deed showed up recorded the following Monday morning.

Glad you got your number. Sorry they wouldn't help you over the phone.

 

[RobbW]

We finally closed on our OKW contract. The offer was submitted in early May, it passed ROFR in early June, and there was a mountain of legal issues that arose between then and now with regards to a bunch of paperwork that the underwriters weren't accepting and the poor seller had to keep getting them redone. The deed was finally recorded on November 2, I thought it would never close!

Awesome! Congrats! When did you actually receive your closing docs on that contract?

 

[ustasmom]

Question about closing:

I'm reading through closing documents and it has 2016 estimated taxes added in. BLT for $7.05. What happens if they are incorrect and I have paid that much for taxes?

 

[pangyal]

Question about closing:

I'm reading through closing documents and it has 2016 estimated taxes added in. BLT for $7.05. What happens if they are incorrect and I have paid that much for taxes?

Sorry, how much for BLT?!? No way are they going up $2/pt., that's a typo on your closing agent's part for sure .

 

[ustasmom]

Sorry, how much for BLT?!? No way are they going up $2/pt., that's a typo on your closing agent's part for sure .

On the closing documents they listed the amount which comes out to $7.05 per point. And when do they start collecting dues for the following year? Is it usually on a closing document this early?

 

[pangyal]

On the closing documents they listed the amount which comes out to $7.05 per point. And when do they start collecting dues for the following year? Is it usually on a closing document this early?

You don't have to pay it. Dues are not billed until the new year, and if you have your closing documents, you will be well into ownership of that contract by the time dues roll around. I'd just say that you would prefer to handle the dues payment yourself and leave it at that. They wouldn't be able to pay it on your behalf early anyway so I really don't know why they are trying to collect it at this point.

 

[LoLaRae]

Offer made: 10/9
Offer accepted: 10/10
Paperwork signed and sent: 10/11
ROFR sent: 10/12
ROFR passed: 10/23
Closing docs received: 10/29
Closing docs returned: 11/3
Deed sent: 11/9

I think it all went pretty smooth. I think the hardest part is waiting for the membership number now!

 

[DisBuckMan]

Offer made: 10/9
Offer accepted: 10/10
Paperwork signed and sent: 10/11
ROFR sent: 10/12
ROFR passed: 10/23
Closing docs received: 10/29
Closing docs returned: 11/3
Deed sent: 11/9

I think it all went pretty smooth. I think the hardest part is waiting for the membership number now!

Wow...one month from "offer made" to "deed recorded". Hope mine goes that fast. Waiting on closing documents now.

Which closing company did you use?

 

[LoLaRae]

Wow...one month from "offer made" to "deed recorded". Hope mine goes that fast. Waiting on closing documents now.

Which closing company did you use?

I'm not sure if I'm allowed to say the exact name, but it's a law office in Ormond Beach FL. They were great with communication. I've been spoiled with how easy this has been. Now I'm tempted to just do it again.

 

[pangyal]

Awesome! Congrats! When did you actually receive your closing docs on that contract?

Check yer inbox, matey

 

[ktmo]

Here is my timeline so far:
Offer made/accepted: 8/28
Paperwork signed/sent in: 8/31
Sent to ROFR: 9/1
Passed ROFR: 9/23
waiting and waiting and waiting for closing documents and nothing so far

 

[Raenstoirm]

Closed yesterday! . Already checked the oCC website. Not there yet. Not that I really expected it to be recorded the day it settled, but hey, a girl can hope! lol

 

[Raenstoirm]

They wouldn't be able to pay it on your behalf early anyway so I really don't know why they are trying to collect it at this point.

Actually thats not true. Our closing company (Magic Vacation) will be sending the extra funds from our closing yesterday to disney to go toward our January dues. They suggested I include an extra $50 to cover any incidental charges that invariably come up during a closing and then they will send the extra to disney in the documents I signed for the closing. I ended up sending nearly $100 extra, just to make the wire amount even and appease my inner OCD lol, and my settlement attorney said she would send it all.

 

[ustasmom]

Actually thats not true. Our closing company (Magic Vacation) will be sending the extra funds from our closing yesterday to disney to go toward our January dues. They suggested I include an extra $50 to cover any incidental charges that invariably come up during a closing and then they will send the extra to disney in the documents I signed for the closing. I ended up sending nearly $100 extra, just to make the wire amount even and appease my inner OCD lol, and my settlement attorney said she would send it all.

I just spoke to TT&M and I basically got the same story. Disney expects MF to be paid when closing after December 10th. With no guarantee as to how quickly or slowly all parties get their paperwork back in, they estimate, collect and then will refund the extra. If it closes before December 10th, they expect to refund the entire overage as you will then get a bill from Disney.