Closing Time!!

[Bonabee]

NOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!! Contract just closed and that wait was horrible. This wait will be even more agonizing!!!!!!!!!!!!!!!!!!!!!!!!!!

I feel your pain! We're still waiting, not so patiently

 

[Michelle Sinnott]

Update my contract was sent to Disney today, hope it doesn’t take long.


Home: SSR (100)
Broker: BUY AND SELL DVC
Title Company: TRCS
Offer made: 05/27/2020
Offer accepted: 05/28/2020
Sent to ROFR: 06/01/2020
Passed ROFR:
Closing docs received:
Closing docs returned:
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[dbtex83]

Update my contract was sent to Disney today, hope it doesn’t take long.


Home: SSR (100)
Broker: BUY AND SELL DVC
Title Company: TRCS
Offer made: 05/27/2020
Offer accepted: 05/28/2020
Sent to ROFR: 06/01/2020
Passed ROFR:
Closing docs received:
Closing docs returned:
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

Good luck with the contract purchase! You should join the party over on the ROFR thread while you're waiting to hear if you pass.
https://www.disboards.com/threads/r...ost-for-instructions-formatting-tool.3798344/

 

[badeacon]

Update my contract was sent to Disney today, hope it doesn’t take long.


Home: SSR (100)
Broker: BUY AND SELL DVC
Title Company: TRCS
Offer made: 05/27/2020
Offer accepted: 05/28/2020
Sent to ROFR: 06/01/2020
Passed ROFR:
Closing docs received:
Closing docs returned:
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

As above. Join the waiting party. I am on day 34 in ROFR.

 

[nickoley]

Home: AKL
Broker: Fidelity
Title Company: First American
Offer Made: 4/8
Offer Accepted: 4/8
ROFR Sent: 4/18 (no, not a typo)
ROFR Passed: 5/1
Closing Documents Received: 5/26
Closing Documents Sent: 5/26
Funds Sent: 5/28
Seller Sent Closing Documents: <waiting>
Closing:
Deed Recorded:
Member Number:
Account showing contract:
Points loaded:

Crazy how long this all takes. I can close on a physical house at same pace this process takes.

 

[DVC Flip]

Does *** require a notary for closing for buyers?

Nope, we just closed on our contract with Magic Vacation and we did not have to notarize anything. Only our sellers needed to notarize. Can't speak to if this is different with a loan, but for a cash purchase there was no need

 

[Deswank]

Home: Saratoga Springs
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 04/08/2020
Offer accepted: 04/08/2020
Sent to ROFR: 04/14/2020
Passed ROFR: 04/23/2020
Closing docs received:5/19/2020
Closing docs returned:5/20/2020 (mailed off!) Hopefully the seller doesn’t take too long.
Seller returned closing docs:?
Closing:5/28/2020
Deed recorded:5/29/2020
Contract Showing on Membership:
Points in account:

Now just waiting for the email from Disney

 

[bcuinohio]

I had emailed Disney's resale office because of the long wait since deed recording. They said because of covid they are running at 3.5 to 4 weeks instead of the usual 2 weeks Thought some of my fellow waiters would appreciate the new time expectations.

Good to know. We closed about 3.5 weeks ago. Hopefully i will get an email soon.

 

[jwinky]

Me too! Day 72 on my AUL contract and waiting on seller to return closing docs. I should ask for interest earned while the title company holding my funds.

I'm happy to report I can finally see my contract. No points loaded, but not too concern since it was stripped contract.
From offer to account showing new contract: 113 days

 

[Amanda Sam]

I'm happy to report I can finally see my contract. No points loaded, but not too concern since it was stripped contract.
From offer to account showing new contract: 113 days

Me too! Finally!!!! It’s been forever lol. Now I just need those 2018 banked points so I can get another trip on the books!

 

[Lorana]

Woo! Just sent off to ROFR. So happy about this deal.

That said, I may need an intervention...

Home: Copper Creek (CCV) - 100 points
Broker: Fidelity Resales
Title Company: Mason Title
Offer made: 05/29/2020
Offer accepted: 05/29/2020
Sent to ROFR: 06/02/2020
Passed ROFR:
Closing docs received:
Closing docs returned:
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[fixerupper]

I've sent two emails, but points finally showed up today! Offer to points:89 days. (Feels like longer!)
Now to decide if I want to try to squeeze in a trip before the banked points expire in August...

Home: Animal Kingdom Villas
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 03/05/2020
Offer accepted: 03/06/2020
Sent to ROFR: 03/10/2020
Passed ROFR: 03/25/2020
Closing docs received: 4/7/20
Closing docs returned: 4/8/20
Seller returned closing docs:??They still didn't have them a week ago.
Closing: 4/23
Deed recorded: 4/27
Contract Showing on Membership: 5/20
Points in account:6/2/2020

Login info came in the middle of the night!

Home: Animal Kingdom Villas
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 03/05/2020
Offer accepted: 03/06/2020
Sent to ROFR: 03/10/2020
Passed ROFR: 03/25/2020
Closing docs received: 4/7/20
Closing docs returned: 4/8/20
Seller returned closing docs:??They still didn't have them a week ago.
Closing: 4/23
Deed recorded: 4/27
Contract Showing on Membership: 5/20
Points in account:

 

[Lorana]

I've sent two emails, but points finally showed up today! Offer to points:89 days. (Feels like longer!)
Now to decide if I want to try to squeeze in a trip before the banked points expire in August...

Home: Animal Kingdom Villas
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 03/05/2020
Offer accepted: 03/06/2020
Sent to ROFR: 03/10/2020
Passed ROFR: 03/25/2020
Closing docs received: 4/7/20
Closing docs returned: 4/8/20
Seller returned closing docs:??They still didn't have them a week ago.
Closing: 4/23
Deed recorded: 4/27
Contract Showing on Membership: 5/20
Points in account:6/2/2020

Congrats! And Welcome Home!

This makes me sad realizing how long it likely is before my current contract comes through... I really hope it picks up again soon.

 

[bcuinohio]

Does *** require a notary for closing for buyers?

As a a buyer, I did not need to get the closing forms notarized. I was told that you did not need to notarize if you were not financing,

 

[pamkat1820]

Home : Boardwalk Villas
Broker : DVC Resale Market
Title company: Magical Vacation Title
Offer made: February 16
Offer accepted: February 17
Sent to ROFR February 20
Passed ROFR: March 6

Closing documents received: March 24
Returned :March 28
Seller returned documents:?

Requested funding: was told April 6 actually done April 22
Closing: April 23
Deed recorded: April 27
Contract showing membership : May 28th (emailed member services) called for access code
Points in account: June 2 (11 pm) !!

finally done!!!

My crazy timeline....

We are officially done!!

 

[My3kids1989]

Has anyone actually gone to the title company to take payment and sign paperwork? Or is it always just done via mail and email?

 

[bcuinohio]

Has anyone actually gone to the title company to take payment and sign paperwork? Or is it always just done via mail and email?

The title company emailed us the forms in pdf form. We signed the forms and returned to title company. They provided a fedex label to send the forms back. I also put the bank check in with the paperwork.

 

[Anuhea35]

Home: OKW
Broker: Fidelity
Title Company: First American
Offer made: 04/04/2020
Offer accepted: 04/04/2020
Sent to ROFR: 04/15/2020
Passed ROFR: 04/27/2020
Closing docs received:5/15/2020
Closing docs returned:5/19/2020 (mailed)
Seller returned closing docs:5/24/2020
Closing:
Deed recorded: 6/4/2020
Contract Showing on Membership:
Points in account:

Thank goodness Im not in a rush LOL

 

[heapmaster]

Currently for contracts that started in May look to be taking more then 30 days for ROFR, at least mine is.

Update: mine took 43 days.

 

[donald&daisy]

Home: Boardwalk Villas
Broker: DVC Shop Resales
Title Company: Hayes Title, LLC
Offer made: 4/18/20
Offer accepted: 4/18/20
Sent to ROFR: 4/20/20
Passed ROFR: 5/18/20
Closing docs received: 5/27/20
Closing docs returned: 5/30/20
Seller returned closing docs: ?
Closing: ?
Deed recorded: 6/4/20
Contract Showing on Membership:
Points in account:

Well things moved fast for us after we passed ROFR. I was a little leery of the title company because I had read one negative review, but our broker assured that they handled the majority of their closings. Everyone was super easy to work with. No issues; I confirmed that the deed had been recorded today, so now I guess we just wait to get a letter from Disney. This is our first contract!