Closing Time!!

[DisBuckMan]

Pangyal, of course you can vent! You were much more polite in your venting than a lot of folks.

Ours wasn't ***. It was Duncan (if that name comes through). I guess they took about 10 business days to close from receiving my funds,
so it wasn't THAT bad. I suspect I would still be waiting for closing docs if it were ***, from what everyone has been saying.

I'm awaiting closing documents from Duncan right now. Everything moved very quickly until this point, but it seems as if Duncan is willing to take their sweet time in getting the closing documents prepared. We received estoppel from Disney on the 6th. It pains me to see all of you who are receiving closing documents a couple of days after receiving estoppel, and makes me wonder why Duncan is so slow in generating them.

 

[knobster]

I'm awaiting closing documents from Duncan right now. Everything moved very quickly until this point, but it seems as if Duncan is willing to take their sweet time in getting the closing documents prepared. We received estoppel from Disney on the 6th. It pains me to see all of you who are receiving closing documents a couple of days after receiving estoppel, and makes me wonder why Duncan is so slow in generating them.

We never were notified of Estoppel by Duncan, actually. When I asked when it had come (just so that I could post the dates in the Estoppel thread, really), I received two different answers from two different people. When I told the broker that, she said something like "preliminary vs. final" Estoppel, but it sounded like she was covering.

We made our offer on 9/14, received notice of ROFR waiver on 9/25 and closing documents on 10/21, and the deed was recorded on 11/9. All told, less than 60 days is about 2 weeks shorter than the contract we closed during the summer. I complained about the length to get to closing, but, since the whole thing was less than the 60 days the brokers usually quote, maybe I should have been more patient.

So now I am waiting for the points to show up in our DVC account, so I am impatient again.

 

[jnjhuddle]

Are you dealing with ***? Their communication is very poor lately. I would just go by the date in the deed recording and estimate closing about two days before that .

I am really unhappy with *** right now. Received closing docs for VGF on October 28 and that was after begging them for a week to get them to me after I was told they were ready. We are in Canada, yet managed to have our documents and funds to them by Oct. 31. It is now 20 days later, they have everything from both buyer and seller, and it STILL hasn't closed. No good reason. I am super frustrated as I am trying to book a "big birthday" trip for next September and VGF is of course filling up!

I have pleaded with them for updates and have received no response. The broker has gotten some updates for me, but they are very vague ("will close soon") and unhelpful.


I get that Disney has flooded them with waivers and estoppels lately, but I feel that I am paying just as much for their closing service as when they are not so busy. Our closing documents were incorrect on the financial side, and I had to deal with that as well. The closing company we are dealing with for our PVB contract looks like they will close it before this mine, and it went in three weeks later.

Thanks everyone for letting me vent .

I'm using *** this time too and they actually sent my closing documents 11/6 (of course we were away on a WDW and Disney cruise vacation at the time). Based on everyone else's experience with them not closing right away after sending their paperwork,I decided not to jump through hoops and stress while on vacation. The broker emailed me a couple of times with updates since then so I know the seller has their paperwork in. However, my contract states to close on or before December 1. I emailed and told them I would send them the paperwork and funds prior to Dec 1. I would be super cranky if I sent my funds and 20 days later it still hadn't closed. Hoping by sending it closer to the original date that won't happen. Will update though as to how it actually goes.

 

[AmyKat]

We used Duncan too. I initiated a lot of conversations with them, they put the wrong amounts on the initial closing documents, and they didn't send all the closing documents, but I felt like they moved pretty quickly. They were probably tired of hearing from me and tried to get mine finished quickly.

 

[jillmc40]

So now I am waiting for the points to show up in our DVC account, so I am impatient again.

Our deed was recorded on the 10th and I am impatiently waiting as well Our offer was accepted on 10/11, so I know it has been super fast, but I still check every single day.....

 

[knobster]

Our deed was recorded on the 10th and I am impatiently waiting as well Our offer was accepted on 10/11, so I know it has been super fast, but I still check every single day.....

You only check once a day? To me that is being PATIENT.

 

[girli565]

What are the dates for April? I could let you know what's still available and pm you

That would be great, thank you so much! We're looking at April 15-18, 2016. We'd like a studio anywhere available.

 

[Kevin Hayes]

I was submitted for ROFR on 10/30 .......................... still nothing. I see many others who have already passed that was submitted well after mine. With me still not having an answer yet, does this mean anything? I guess "first submitted, first answered" does not apply in this case. I am assuming Disney either makes a decision to either buy or to pass.... does anyone know if there is a "let's think about this some more" pile?

 

[DisBuckMan]

I was submitted for ROFR on 10/30 .......................... still nothing. I see many others who have already passed that was submitted well after mine. With me still not having an answer yet, does this mean anything? I guess "first submitted, first answered" does not apply in this case. I am assuming Disney either makes a decision to either buy or to pass.... does anyone know if there is a "let's think about this some more" pile?

There have been some exceptions, but it seems as if the ones who pass ROFR happen pretty quickly as of late, while the ones that are taken by Disney are the ones that go 20-30 days.

Probably not what you want to hear, being at the 20+ day mark, but that's what the overall trend has been lately.

 

[girli565]

Are you dealing with ***? Their communication is very poor lately. I would just go by the date in the deed recording and estimate closing about two days before that .

I am really unhappy with *** right now. Received closing docs for VGF on October 28 and that was after begging them for a week to get them to me after I was told they were ready. We are in Canada, yet managed to have our documents and funds to them by Oct. 31. It is now 20 days later, they have everything from both buyer and seller, and it STILL hasn't closed. No good reason. I am super frustrated as I am trying to book a "big birthday" trip for next September and VGF is of course filling up!

I have pleaded with them for updates and have received no response. The broker has gotten some updates for me, but they are very vague ("will close soon") and unhelpful.


I get that Disney has flooded them with waivers and estoppels lately, but I feel that I am paying just as much for their closing service as when they are not so busy. Our closing documents were incorrect on the financial side, and I had to deal with that as well. The closing company we are dealing with for our PVB contract looks like they will close it before this mine, and it went in three weeks later.

Thanks everyone for letting me vent .

I feel your pain with ***. I swear they had my closing docs ready for weeks prior to when I actually received them. My lender called me 2 weeks before I got my closing docs and told me that they had just spoken to *** and that I should be getting m docs the next day. Fast forward to 2 weeks and a few days later and we finally get the docs. ugh. Plus some docs were incorrect and had to be resent several times.

 

[jillmc40]

You only check once a day? To me that is being PATIENT.

Well, no I check in the morning, and then sometime between 12-3. I figure if it is not there by then, it won't happen that day.

 

[knobster]

Speak of the devil, I see our new points now, probably my 3rd check today. So, timeline (including some missing dates because of lack of information from the title company):

Offer signed/sent for ROFR 9/14
ROFR waived 9/25
Estoppel ??/??
Closing Docs Received 10/21
Closing Docs and Funds arrived at title co. 10/26
Doc/Funds Receipt acknowledged by title co. 10/28
Closing ??/?? (perhaps 11/06)
Deed Recorded on OCC 11/09
Points Loaded (existing Member) 11/20

Thanks to all for the "company" as we sit here in the proverbial dark.

 

[pangyal]

We used Duncan too. I initiated a lot of conversations with them, they put the wrong amounts on the initial closing documents, and they didn't send all the closing documents, but I felt like they moved pretty quickly. They were probably tired of hearing from me and tried to get mine finished quickly.

We're using Duncan for our Poly contract and I have found them pleasant, yet overwhelmed. I was told that our contract was in line to be typed due to working backwards from the closing date, and I questioned why they can't just send them out when they have the estoppel?

So far, the absolute winner for us has been First American, but YMMV and of course, it's been crazy with Disney sending over so many docs all at once.

 

[knobster]

Well, Pangyal, I think you have the unique perspective of having a large sample size of title companies, so you may have the most interesting opinion here. What was Duncan's answer to your question? For me, they gave me very polite answers. The answers had no basic in fact ("should take X days" had no relation to real time), but they were certainly polite.

P.S. What happened to Poly in your signature?

 

[DisBuckMan]

We're using Duncan for our Poly contract and I have found them pleasant, yet overwhelmed. I was told that our contract was in line to be typed due to working backwards from the closing date, and I questioned why they can't just send them out when they have the estoppel?

So far, the absolute winner for us has been First American, but YMMV and of course, it's been crazy with Disney sending over so many docs all at once.

I was told by a rep at Duncan last Thursday, that I would have my closing docs this week, and probably by Monday. When I emailed to check the status of them yesterday, I was told that I'd definitely have them in the next 7 BUSINESS days. Given that next Thursday is Thanksgiving, 7 business days could still be a week from this coming Monday. I really don't think they even know, but they've sure been willing to sell me a line of bs. But yeah...they've been nice about it.

 

[pangyal]

Well, Pangyal, I think you have the unique perspective of having a large sample size of title companies, so you may have the most interesting opinion here. What was Duncan's answer to your question? For me, they gave me very polite answers. The answers had no basic in fact ("should take X days" had no relation to real time), but they were certainly polite.

P.S. What happened to Poly in your signature?

Their response was that they did them in order by working backwards from the closing date and pointed out that of course I wouldn't want mine being prepared after someone else's just because they'd asked for it. I said that this was strange, as I would think that they would be preparing them based on order of estoppel being received. Different brokers use different closing date estimation metrics, and so buyers are getting closing documents out of order anyway and being penalized for whatever broker they went with? I got my closing documents two days later, lol.

Poly signature is coming! I'm just trying to figure out what else to put there so it's balanced ha ha ha. Maybe a TIW or AP banner.

 

[ktmo]

Their response was that they did them in order by working backwards from the closing date and pointed out that of course I wouldn't want mine being prepared after someone else's just because they'd asked for it. I said that this was strange, as I would think that they would be preparing them based on order of estoppel being received. Different brokers use different closing date estimation metrics, and so buyers are getting closing documents out of order anyway and being penalized for whatever broker they went with? I got my closing documents two days later, lol.

Poly signature is coming! I'm just trying to figure out what else to put there so it's balanced ha ha ha. Maybe a TIW or AP banner.

I am using TT&M and I was told the same thing - they are working backward from the "on or before" closing date listed in the contract. I don't like this, because my contract was given 100 days to close. They could start giving people 90 days or 75 days and jump in front of me. I received my closing docs and sent in my money last week. I haven't heard anything and the deed hasn't been recorded. I don't think I will have my point until the end of the year, if they don't close until Dec. 10th.

 

[jillmc40]

Speak of the devil, I see our new points now, probably my 3rd check today. So, timeline (including some missing dates because of lack of information from the title company):

Offer signed/sent for ROFR 9/14
ROFR waived 9/25
Estoppel ??/??
Closing Docs Received 10/21
Closing Docs and Funds arrived at title co. 10/26
Doc/Funds Receipt acknowledged by title co. 10/28
Closing ??/?? (perhaps 11/06)
Deed Recorded on OCC 11/09
Points Loaded (existing Member) 11/20

Thanks to all for the "company" as we sit here in the proverbial dark.

YES! Me too!!! I didn't check all weekend, so I don't know if they were loaded on Friday or today (Monday). Either way, here is my completed timeline:

Offer accepted - 10/11
Offer Revised - 10/14
Submitted to ROFR - 10/15
Passed ROFR - 10/28
Received closing docs - 10/29
Closing docs/payment made - 11/2
Deed Sent - 11/10
Points loaded - 11/23

Happy Girl!!!!!

 

[Ivylie1234]

Finally received my closing documents on the 16th after weeks of painful delays, and frankly, being ignored by ***. This process has been so painful that I don't even know which step is next or how long it should take. Both Seller and I have retuned closing docs. So I'll just keep waiting, hoping I don't lose it before it's all said and done.

 

[mickeyman]

After it closes then it's about another 3 weeks until Disney sends you your member number so you can use your membership