Closing Time!!

[DisBuckMan]

I received an email from my title company today. Disney refused to proceed with my membership until my 2016 dues were paid. So I called in to pay but they haven't assigned a member number yet. My first contract had us paying estimated dues. This one did not and that seems to have slowed things down.

I called Disney again today, and I'm still not showing up, either. My dues were included with my contract (I paid the dues, but as a lump sum with the rest of my contract), so I don't think that should be the issue with mine.

 

[Vernie822]

Our contract stated that if we closed before 12/11, we would have to pay 2016 dues through DVC, but if we closed after 12/11 (we did), our contract would add the dues and we'd pay them with the contract.

 

[LenInMaine]

Question... I got my closing docs today (7 weeks oh well). But now because of our Christmas vacation/ 2 major holidays, it will be a good 2 1/2 weeks before I can get everything done and returned. We "close" Jan 18th, and it will most likely be the 11-12 before they get them. Has anyone else taken that long? I called TTM, and our broke to give them a heads up. TTM didn't seem the least bit concerned. I was just wondering everyone else's thoughts.

 

[ustasmom]

I called Disney again today, and I'm still not showing up, either. My dues were included with my contract (I paid the dues, but as a lump sum with the rest of my contract), so I don't think that should be the issue with mine.

Anything??

I checked today and I am still not showing in the system although they had no problem applying my $640 dues payment. I think that I have a bigger problem now. Originally my seller owed $59 to Disney and he had to pay off the loan balance. I had assumed that estoppel wouldn't have been granted if the dues weren't paid. When I called to pay my dues they quoted me the price including his delinquent dues. They double checked and then changed the amount to the correct dues but I have a feeling that they won't set up my account until the seller clears that up. That could be a problem for me if he has already been paid by the title company.

 

[DisBuckMan]

Anything??

I checked today and I am still not showing in the system although they had no problem applying my $640 dues payment. I think that I have a bigger problem now. Originally my seller owed $59 to Disney and he had to pay off the loan balance. I had assumed that estoppel wouldn't have been granted if the dues weren't paid. When I called to pay my dues they quoted me the price including his delinquent dues. They double checked and then changed the amount to the correct dues but I have a feeling that they won't set up my account until the seller clears that up. That could be a problem for me if he has already been paid by the title company.

I didn't even try today. Figured I'd hold off until Monday, then call again.

Now, as to the rest of your post....I would think that the title company would make sure that all that is owed on the deed is paid before the seller gets any money, but maybe that's not how it works?

 

[ILoveMyKellen]

Offer accepted: 9/3
Contract Signed: 9/4
Sent to ROFR: 9/4
Passed ROFR: 9/23
Closing docs signed: 11/17
Closed: 12/12
Deed recorded 12/14
Letter sent: (dated on letter and post marked) 12/15
Letter received: 12/21

When I looked at my account online I had a credit of $483. I knew I had to pay for 2016 MF but apparently the title company charged me for almost half of 2017 as well (not knowing what they will actually be). I don't know if I should be happy or mad. On one hand I'm glad I don't have to pay anything for a year and a good portion of 2017 is already paid. On the other hand I would like to know how they come up with the total cost of everything the customer is being charged for. Is there a breakdown somewhere? I would have liked to have kept the extra money and applied it to something else.

 

[ustasmom]

I didn't even try today. Figured I'd hold off until Monday, then call again.

Now, as to the rest of your post....I would think that the title company would make sure that all that is owed on the deed is paid before the seller gets any money, but maybe that's not how it works?

So here is my deal:

There seems to be a huge disconnect between Disney and my title company. Now Disney claims that they only received the paperwork yesterday. Now they did call for 2016 fees on the 22nd so that claim really doesn't hold water.

I've gotten story after story. In fact I never get the same story twice. Now they are saying that they have until January 21 to set up this account.

 

[DisBuckMan]

So here is my deal:

My title company (Vacation World Title) never paid Disney. It took them two weeks to pay the estoppel fee and the original Disney loan is still not paid off, thus meaning, I have no contract. Disney cannot even talk to me about the account because I am nowhere to be found (except at OCC, I am listed there.) The 2016 MF dues that I paid were applied to the seller or shall I say the owner (which is not me.) Vacation World Title is also not answering their phone today either. I am out around $9500 so I think a call to our lawyer will be really soon.

That stinks.

I called earlier today for the first time since Wednesday. I got transferred from accounting to administration, because I still wasn't showing up in the system. The lady in admin told me that my member number had been mailed out on Christmas Eve, but wouldn't give me my number.

So, it looks like the mail watch is on. Maybe it will be here tomorrow. How does it come....USPS Priority Mail, regular mail, Fedex?

Good luck to you in your situation. Keep us updated.

 

[jbinder95]

Sorry for asking, but I'm new to this process. Our RFOR was waived Oct. 14 and we just closed today Dec. 28. When should we expect a member packet/Account info from Disney? Do they automatically send it or is there something we need to do? Thanks for any help you can provide!

 

[ktmo]

That stinks.

I called earlier today for the first time since Wednesday. I got transferred from accounting to administration, because I still wasn't showing up in the system. The lady in admin told me that my member number had been mailed out on Christmas Eve, but wouldn't give me my number.

So, it looks like the mail watch is on. Maybe it will be here tomorrow. How does it come....USPS Priority Mail, regular mail, Fedex?

Good luck to you in your situation. Keep us updated.

The letter that had my member number was just regular mail, in a white envelope. Be careful, because you could easily mistake it as junk mail.

The packet with the point chart, membership card and magnets came in a priority mail envelope.

 

[ustasmom]

That stinks.

I called earlier today for the first time since Wednesday. I got transferred from accounting to administration, because I still wasn't showing up in the system. The lady in admin told me that my member number had been mailed out on Christmas Eve, but wouldn't give me my number.

So, it looks like the mail watch is on. Maybe it will be here tomorrow. How does it come....USPS Priority Mail, regular mail, Fedex?

Good luck to you in your situation. Keep us updated.

The letter with the numbers comes regular mail. Call MS when that arrives and they will give you the correct number and the activation code. The info packet and card come Priority mail.

 

[ktmo]

Sorry for asking, but I'm new to this process. Our RFOR was waived Oct. 14 and we just closed today Dec. 28. When should we expect a member packet/Account info from Disney? Do they automatically send it or is there something we need to do? Thanks for any help you can provide!

I got my letter with my member number 12 days after the deed was recorded. I got the packet with membership card, point chart, and magnets 4 days later. I was expecting a long wait, but this seemed to be the fastest step of the process.

 

[erdoc38]

BLT 200 point contract finally closed and recorded! Our timeline:
Offer made and accepted - 9/26/15
Sent to ROFR - 10/1/15
Passed ROFR - 10/21/15
Closing docs received and returned - 12/10/15
Closed 12/28/15 (sellers 'forgot' to send docs back)
Recorded 12/29/15
Received membership package ???

I'm so happy that the closing process is done. That was by far the slowest and most frustrating part. Hopefully Disney will want to get things done before the end of the year and get us our membership packet quickly!

 

[LionKingCPA]

Final timeline on contract #2!!

LionKingCPA---$92-$32,945-350-VWL-Dec- 15/'14, 350/'15, 350/'16, 350/'17, sent 11/04, passed 11/11

Offer made and accepted - 11/02/2015
Sent to ROFR - 11/04/2015
Passed ROFR - 11/11/15
Closing docs received - 11/24/15
Closed 12/16/15
Recorded 12/17/15
Points loaded 12/28/2015

Much faster the second time around. Resale broker used an attorney rather than the usual title companies.

 

[DMOMof3]

Final timeline on contract #2!!

LionKingCPA---$92-$32,945-350-VWL-Dec- 15/'14, 350/'15, 350/'16, 350/'17, sent 11/04, passed 11/11

Offer made and accepted - 11/02/2015
Sent to ROFR - 11/04/2015
Passed ROFR - 11/11/15
Closing docs received - 11/24/15
Closed 12/16/15
Recorded 12/17/15
Points loaded 12/28/2015

Much faster the second time around. Resale broker used an attorney rather than the usual title companies.

Great contract!

 

[mab2012]

Question... I got my closing docs today (7 weeks oh well). But now because of our Christmas vacation/ 2 major holidays, it will be a good 2 1/2 weeks before I can get everything done and returned. We "close" Jan 18th, and it will most likely be the 11-12 before they get them. Has anyone else taken that long? I called TTM, and our broke to give them a heads up. TTM didn't seem the least bit concerned. I was just wondering everyone else's thoughts.

I think you'll be okay to close by mid-January. Based on my own experience with TT&M, and several other posts I've seen, they pretty much plan to close right at the "close by" date in the contract.

My timeline:

Offer accepted - 9/21
Submitted to ROFR - 9/29
Passed ROFR - 10/16
Received closing docs - 12/07
Returned closing docs/payment - 12/14
Confirmation of closing - 12/30

I received confirmation that my documents were received on 12/21 (though I have a tracking number that says they actually received them on 12/17). I did receive a politely worded reminder on 12/16 indicating that they had not yet received my documents, so they were keeping an eye on it. The "close by" date in our contract was January 3. Given that Friday is a holiday and Jan 3 is Sunday, they couldn't have cut it much closer. I imagine they could have closed faster - they just didn't have any reason to do so.

I'm happy that it's finally done, and looking forward to getting a membership number in a couple of weeks!

 

[zemra406]

We sent in our closing docs yesterday. Our timeline is

Offer accepted: 10/27
Sent to ROFR: 10/29
Passed ROFR: 11/11
Received closing docs: 12/17
Returned closing docs: 12/22

We closed!

Closed: 12/31
Deed recorded: 1/4

 

[DisBuckMan]

We are done with this one. Received our member letter on Saturday. Here's the final timeline...

10/19/15 FORMAL OFFER MADE / NEGOTIATIONS / ACCEPTED
10/20/15 CONTRACT RECEIVED, SIGNED, & RETURNED VIA EMAIL TO BROKER
10/20/15 SELLER CONTRACT SIGNED AND RETURNED
10/20/15 CONTRACT SUBMITTED TO DISNEY FOR ROFR
10/20/15 SIGNED CONTRACT & ESCROW SENT TO TITLE COMPANY
10/23/15 NOTIFIED BY TITLE COMPANY OF RECEIPT AND DEPOSIT OF ESCROW MONEY
10/30/15 PASSED ROFR
11/5/15 RECEIVED ESTOPPEL
12/3/15 RECEIVED CLOSING DOCUMENTS
12/4/15 RETURNED CLOSING DOCUMENTS AND PAYMENT
12/11/15 DEED RECORDED
1/2/16 MEMBER LETTER RECEIVED

 

[Madame]

Received our closing docs today!

Timeline...
Nov 24 offer sent
Nov 25 offer accepted
Dec 1 sent to ROFR
Dec 9 passed ROFR
???? Estoppel
Jan 5 closing docs received

 

[msjprincess]

We couldn't close until after 12/19 because the seller had a vacation booked.

Offer Accepted 11/3
Passed ROFR 11/17
Received Closing Docs 11/24
Mailed Back 12/7
Closed 12/21
Deed Recorded 12/23
Points Loaded 1/6