Closing Time!!

[chicagoshannon]

19 days without seller returning the closing docs. The contract says that they need to be returned by 6/3 but that would be like 2 months. Should I be worried?

I'd call and ask. Seems odd that the seller wouldn't want their money! If I was the seller I'd have those documents in so fast.

 

[Bobb_o]

I'd call and ask. Seems odd that the seller wouldn't want their money! If I was the seller I'd have those documents in so fast.

I asked the title company last week and they said they didn't have any update because the seller hadn't returned their docs.

 

[mrsg00fy]

Final update:

Home: BLT
Broker: Fidelity
Title company: First American Title
Offer made: 2/5
Offer accepted: 2/5
Contract received and returned: 2/5
Sent to ROFR: 2/6
Passed ROFR: 3/1
Closing docs received: 3/26
Buyers closing docs returned: 3/26 with cashiers check
Sellers closing docs returned: 4/12 —international seller
Closing: 4/16
Deed on site: ?? Still not visible on the county website
Contract visible on member site: 4/25
Points in account: 4/30
Welcome letter: NA

The points appeared on the dashboard around noon. Now the race is on to use those points.

 

[jodybird511]

Anyone who bought Aulani resale have issues with it taking longer than normal for contract to show up on your dashboard (and points obviously)? Our deed showed up on 4/15, and the new contract is still not showing on the DVC site?

 

[gluestickgirl]

jumping in... we're in for a bit of a wait as the contract can't close till later this month, but at least Disney didn't decide to start buying back the Poly and we're in the clear.

Home: Poly
Broker: DVC resale market
Title company: magical vacation title
Offer made: 3/25
Offer accepted: 3/25
Contract received and returned: 3/27
Sent to ROFR: 4/9
Passed ROFR: 5/1
Closing docs received: **can't close till 5/19/2019**
Buyers closing docs returned:
Sellers closing docs returned:
Closing:
Deed on site:
Contract visible on member site:
Points in account:
Welcome letter:

 

[Disneykate605]

We added a 2nd contract shortly after buying our first, I called on Friday which was the 1 week mark to ask if the contract would automatically show since it's a different use year. She said it may not and to call on the 2 week mark to ask for member id. Well I was in my acct this morning and it was not there but I just logged in and it's there now but of course points don't show yet. But yay!

Thanks!
Our membership appeared yesterday but with no points. Did you get your points yet? I was just wondering how long it took yours to show up.

 

[Rush]

Thanks!
Our membership appeared yesterday but with no points. Did you get your points yet? I was just wondering how long it took yours to show up.

Ours just showed up in the last hour. Took 6 days from contract showing up in our account to points showing up.

 

[Disneykate605]

Ours just showed up in the last hour. Took 6 days from contract showing up in our account to points showing up.

Thanks!

 

[EYL]

Hi all! New-ish owner here with a question... I closed on a Poly Contract mid-February. Since that time, I only got a 1-page letter with my DVC website log in information. Nothing else. Is this the norm? I know I'm resell and didn't buy directly. But I thought that Disney would, at least, send something to say "welcome home!"

Gene

 

[sndral]

I asked the title company last week and they said they didn't have any update because the seller hadn't returned their docs.

Call your broker/agent and ask them to contact your seller - the broker won’t get their commission until you close, so they should be able to impress upon the seller the need to get those doc.s back.

 

[chicagoshannon]

Hi all! New-ish owner here with a question... I closed on a Poly Contract mid-February. Since that time, I only got a 1-page letter with my DVC website log in information. Nothing else. Is this the norm? I know I'm resell and didn't buy directly. But I thought that Disney would, at least, send something to say "welcome home!"

Gene

I never got anything 4 years ago when we bought. I think that's the norm.

 

[mrsg00fy]

Update to the Final update:

Home: BLT
Broker: Fidelity
Title company: First American Title
Offer made: 2/5
Offer accepted: 2/5
Contract received and returned: 2/5
Sent to ROFR: 2/6
Passed ROFR: 3/1
Closing docs received: 3/26
Buyers closing docs returned: 3/26 with cashiers check
Sellers closing docs returned: 4/12 —international seller
Closing: 4/16
Deed on site: 5/2
Contract visible on member site: 4/25
Points in account: 4/30
Welcome letter: 5/4

A couple things. The deed was recorded after the points were already in our account.

The welcome letter was received on 5/4 but is dated 4/25. Seems odd to take so long to arrive. This is the first time we received a welcome letter in the four times we have purchased resale.

 

[EYL]

I never got anything 4 years ago when we bought. I think that's the norm.

Thanks! One more question: How do I prove that my contract went to ROFR before January 19, 2019 (but closed after)? I have an email from the closing company, but should I ask for something official from Disney? I feel like I need to have documentation so that if a dispute ever happens (maybe even years down the line), I'd have something in my hands to prove that my points are eligible to reserve future resorts. With the latest changes, I'm having some trust issues...

Gene

 

[Bobb_o]

Home: AKV
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 3/16/19
Offer accepted: 3/17/19
Sent to ROFR: 3/19/19
Passed ROFR: 3/29/19
Closing docs received:4/5/19
Buyer’s closing docs returned: 4/10/19
Seller’s closing docs returned: 5/2/19 (Or earlier that was when I learned through email)
Closing: 5/10/19 (planned)
Deed recorded on OC site:
Contract Visible on member site:
Points in my account:
Member letter received:

 

[Donald Ace]

Update:

Home: Animal Kingdom Villas
Broker: The Timeshare Store
Title Company: Mason Title
Offer made: 3/28/19
Offer accepted: 3/29/19
Sent to ROFR: 3/30/19
Passed ROFR: 4/13/19
Closing docs received: 4/17/19
Closing docs returned: 4/22/19
Funds sent: 4/22/19
Seller returned closing docs: 4/22/19
Closing: 4/23/19
Deed recorded on OC site: 4/23/19
Received Onetime Activation Code:5/2/19
Contract Visible on member site: 5/4/19
Points in my account: TBD

 

[NikkiDP]

We had some back and forth with changing out deposit amount so I believe these dates are accurate lol.

Home: Poly
Broker: DVC Sales
Title Company: Mason Title
Offer made: 3/5/19
Offer accepted: 3/5/19
Sent to ROFR: 3/11/19
Passed ROFR: 3/19/19
Closing docs received: 4/12/19
Closing docs returned:4/21/19
Funds sent:4/21/19
Seller returned closing docs: 4/25/19
Closing: 5/6/19 (Planned)
Deed recorded on OC site: 5/6/19
Received Onetime Activation Code: TBD
Contract Visible on member site: TBD
Points in my account: TBD

 

[BlackTea]

Home: Bay Lake Tower
Broker: DVC Sales
Title Company: Mason
Offer Made: 3/7
Offer accepted: 3/8
Sent to Disney: 3/8 (got email notification, not sure what it really means)
ROFR process started: 3/13 (again email notification)
ROFR Passed: 3/19
Closing doc received from title company: 3/21
Signed and Fedex’ed documents along with Cashier’s check: 3/22
Buyer’s closing doc received: 3/25
Seller’s documents received, but pending 8288 tax form (UK seller): 4/1
Tax form received: 4/24
Closed: 4/24
Deeds recorded: 4/24
Contract visible in account: 5/2, showed up in night time
Points loaded: 5/9, showed up in PM time
Welcome letter received: 5/9, dated 5/2

Overall a fairly smooth process, and the only delay was caused by seller travelling to somewhere there is no modern means of communications, not because he is international.

 

[Donald Ace]

Final Update:

Home: Animal Kingdom Villas
Broker: The Timeshare Store
Title Company: Mason Title
Offer made: 3/28/19
Offer accepted: 3/29/19
Sent to ROFR: 3/30/19
Passed ROFR: 4/13/19
Closing docs received: 4/17/19
Closing docs returned: 4/22/19
Funds sent: 4/22/19
Seller returned closing docs: 4/22/19
Closing: 4/23/19
Deed recorded on OC site: 4/23/19
Received Onetime Activation Code:5/2/19
Contract Visible on member site: 5/4/19
Points in my account: 5/9/19

41 days from Offer to Points in Account

Very smooth process. Can't recommend The Timeshare Store or Mason title enough they made everything a breeze!

 

[jodybird511]

Final Update:

Home: AUL
Broker: DVC Resale Market (Marissa)
Title Company: First American
Offer made: 2/12/19
Offer accepted: 2/12/19
Sent to ROFR: 2/15/19
Passed ROFR: 3/4/19
Closing docs received: 4/5/2019
Buyer’s closing docs returned: 4/9/2019
Seller’s closing docs returned: 4/9/2019
Closing: 4/10/2019
Deed recorded on HI BOC site: 4/15/2019
Contract Visible on member site: 5/5/2019
Points in my account: 5/11/2019

 

[Disneykate605]

FINAL UPDATE

Home: BRV
Broker: Fidelity
Title company: Mason Title
Offer made: 3/25/19
Offer accepted: 3/25/19
Sent to ROFR: 4/2/19
Passed ROFR: 4/17/19
Closing docs received: 4/19/19
Buyers closing docs returned: 4/24/19
Sellers closing docs returned: 4/24/19
Closing: 4/24/19
Deed on site: 4/25/19
Contract visible on member site: 5/3/19
Points in account: 5/9/19

45 days total from offer to points in our account... can't complain about that!

We used Shawn Ray from Fidelity (very responsive and on top of things) and Cammy Smith at Mason title (specifically requested her because she did our last resale and I wanted to avoid the delays with the title company Fidelity usually uses). We were very happy with both and wouldn't hesitate to use either again!