Closing Time!!

[Naglejen]

Newbie here- is it normal for your title agent to be unreachable? I have a question about our contract and I've tried calling, I've tried email...it seems like it's a one-way communication. Our company is First American, if that helps.
Thank you!

We have two in process, using TRCS, no such problem. Sorry you are going through that!

 

[MBTigger]

At what point do I call because I’m waiting for my account to be made? To be honest, I wonder if I somehow missed the email.

I am getting impatient as well. Thanks for verifying that I am supposed to get an email with details. I made the assumption that this would be so, but was starting to wonder if maybe there was something else I had to do...

MB

 

[tweetykl]

Got my email this morning!!!

 

[tweetykl]

Home: Grand Californian
Broker: Www.dvcstore.com
Title Company: Mason Title
Offer made: 6/28/20
Offer accepted: 6/28/20
Sent to ROFR: 6/29/20
Passed ROFR: 8/3/20
Closing docs received: 8/17/20
Closing docs returned: 8/17/20
Seller returned closing docs: 8/24/20
Closing: 8/26/20
Deed recorded: 8/26/2020
Contract Showing on Membership: 9/22/2020
Points in account:

 

[kucanhead]

All done! In the past week and a half, I've officially gone from 1 to 4 home resorts (also added direct Riv), and from 150 to 595 points.

Home: VGC
Broker: www.dvcsales.com
Title Company: Mason
Offer made: 6/11/2020
Offer accepted: 6/11/2020
Sent to ROFR: 6/13/2020
Passed ROFR: 7/22/2020
Closing docs received: 7/27/2020
Closing docs returned: 7/27/2020
Seller returned closing docs: 8/12/2020 (approx)
Closing: 8/14/2020
Deed recorded: 8/14/2020
Contract Showing on Membership: 9/11/2020
Points in account: 9/12/2020

Home: AUL
Broker: www.fidelityresales.com
Title Company: Timeshare Title Inc
Offer made: 6/24/2020
Offer accepted: 6/25/2020
Sent to ROFR: 6/30/2020
Passed ROFR: 8/03/2020
Closing docs received: 8/13/2020
Closing docs returned: 8/13/2020 (arrived 8/18/2020)
Seller returned closing docs: 8/18/2020
Closing: 8/18/2020
Deed recorded: 8/20/2020
Contract Showing on Membership: 9/16/2020
Points in account: 9/19/2020

 

[UATahoe]

Hope to soon be there. Made our first offer and got accepted. Now the waiting game.

 

[Bluegoat]

Home: Saratoga Springs
Broker: www.fidelityresales..com
Title Company: First American
Offer made: 5/30/2020
Offer accepted: 06/01/2020
Sent to ROFR: 06/02/2020
Passed ROFR: 07/20/2020
Closing docs received: 8/19/2020
Closing docs returned: 8/19/2020
Seller returned closing docs: 8/26/2020
Closing: 8/27/2020
Deed recorded: 8/27/2020
Contract Showing on Membership: 9/22/2020
Points in account:

 

[E2ME2]

All done! In the past week and a half, I've officially gone from 1 to 4 home resorts (also added direct Riv), and from 150 to 595 points.

Home: VGC
Broker: www.dvcsales.com
Title Company: Mason
Offer made: 6/11/2020
Offer accepted: 6/11/2020
Sent to ROFR: 6/13/2020
Passed ROFR: 7/22/2020
Closing docs received: 7/27/2020
Closing docs returned: 7/27/2020
Seller returned closing docs: 8/12/2020 (approx)
Closing: 8/14/2020
Deed recorded: 8/14/2020
Contract Showing on Membership: 9/11/2020
Points in account: 9/12/2020

Home: AUL
Broker: www.fidelityresales.com
Title Company: Timeshare Title Inc
Offer made: 6/24/2020
Offer accepted: 6/25/2020
Sent to ROFR: 6/30/2020
Passed ROFR: 8/03/2020
Closing docs received: 8/13/2020
Closing docs returned: 8/13/2020 (arrived 8/18/2020)
Seller returned closing docs: 8/18/2020
Closing: 8/18/2020
Deed recorded: 8/20/2020
Contract Showing on Membership: 9/16/2020
Points in account: 9/19/2020

Awesome - Are you planning to greatly increase your number of trips, or duration of stay, or upgrade room selection?
OR - a combination of all 3 ?? We went from 210 Points (from 2010 to 2018) to 475 as of Feb. 2020, and I just bid on a small contract that will put us over 500, if it passes ROFR!
Our motivaion is that I will be retired as of 1/1/21, and we plan to snowbird via DVC!
ET

 

[jennf]

Moving right along.... fingers crossed the next step doesn’t take too long. There are 2018 points expiring on 11/30/20. Hoping to take a last minute trip.

Home: AKL
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 7/30/2020
Offer accepted: 7/31/2020
Sent to ROFR: 8/4/2020
Passed ROFR: 9/10/2020
Closing docs received: 9/16/2020
Closing docs returned: 9/18/2020
Seller returned closing docs: 9/18/2020
Closing: 9/22/2020
Deed recorded: 9/23/2020
Contract Showing on Membership:
Points in account:

 

[Kickstart]

Updating... Deed was recorded today!

Home: Bay Lake Tower (BLT)
Broker: www.fidelityresales.com
Title Company: First American Title Insurance Company (FATC)
Offer made: 7/25/2020
Offer accepted: 7/25/2020
Sent to ROFR: 7/30/2020
Passed ROFR: 9/11/2020
Closing docs received: 9/15/2020
Closing docs returned: 9/16/2020
Seller returned closing docs: ?
Closing: 9/23/2020 ?
Deed recorded: 9/23/2020
Contract Showing on Membership:
Points in account:

 

[CarpeDream71]

Another step down and now just the points to go... But TODAY, I am officially a DVC Member!!

Home: Villas at Grand Floridian
Broker: www.fidelityresales.com
Title Company: www.firstam.com
Offer made: 06/10/2020
Offer accepted: 06/10/2020
Sent to ROFR: 06/17/2020
Passed ROFR: 07/29/2020
Closing docs received: 08/12/2020
Closing docs returned: 08/27/2020 (returned as soon as title co. answered a question I had)
Seller returned closing docs: ?
Closing: 09/23/2020
Deed recorded: 09/23/2020
Contract Showing on Membership:
Points in account:

TIME TOTAL: 105 days and counting...
Offer Sent to ROFR: 7 days
Sent to passing ROFR: 42 days
ROFR passing to Closing: 56 days
Closing to Points in Account: 1 day and COUNTING!!!!!

 

[tweetykl]

All done! In the past week and a half, I've officially gone from 1 to 4 home resorts (also added direct Riv), and from 150 to 595 points.

Home: VGC
Broker: www.dvcsales.com
Title Company: Mason
Offer made: 6/11/2020
Offer accepted: 6/11/2020
Sent to ROFR: 6/13/2020
Passed ROFR: 7/22/2020
Closing docs received: 7/27/2020
Closing docs returned: 7/27/2020
Seller returned closing docs: 8/12/2020 (approx)
Closing: 8/14/2020
Deed recorded: 8/14/2020
Contract Showing on Membership: 9/11/2020
Points in account: 9/12/2020

how did you find out when the deed was recorded for VGC?

 

[Lorana]

how did you find out when the deed was recorded for VGC?

https://cr.ocgov.com/recorderworks/
On a complete aside, I'm amused that the name of the county is the same in both FL and CA (Orange County).

 

[sbarisch]

Would someone be able to answer a quick question for me? At what point in the resale purchase process is final payment made? I've passed ROFR and am awaiting estoppel and closing docs. I've asked my broker when I would need to have final payment arranged (not financing), but they haven't answered me.

Thank you!!!

 

[ABE4DISNEY]

Would someone be able to answer a quick question for me? At what point in the resale purchase process is final payment made? I've passed ROFR and am awaiting estoppel and closing docs. I've asked my broker when I would need to have final payment arranged (not financing), but they haven't answered me.

Thank you!!!

The final payment will be outlined in your closing papers and you send it in at that time.

 

[sbarisch]

The final payment will be outlined in your closing papers and you send it in at that time.

Thank you!! I just like to know the process, so I can be prepared. Appreciate the prompt response

 

[Lorana]

Thank you!! I just like to know the process, so I can be prepared. Appreciate the prompt response

Your final payment is due when you receive your closing docs. However, my advice is to sign your papers, return them to the closing/title company, and advise them to let you know when the seller returns THEIR documents, and you will send final payment at that time.

I recommend this because I've had more than one situation where the seller took more than two weeks to return closing docs, and in one situation where they took a month. I'd rather have that money earning some interest than to send it off too soon. Especially if you are wiring the money over, this doesn't delay closing - or if it does, only by a day - as you wire the money over same day you receive notice that seller's closing docs were received.

 

[sbarisch]

Your final payment is due when you receive your closing docs. However, my advice is to sign your papers, return them to the closing/title company, and advise them to let you know when the seller returns THEIR documents, and you will send final payment at that time.

I recommend this because I've had more than one situation where the seller took more than two weeks to return closing docs, and in one situation where they took a month. I'd rather have that money earning some interest than to send it off too soon. Especially if you are wiring the money over, this doesn't delay closing - or if it does, only by a day - as you wire the money over same day you receive notice that seller's closing docs were received.

Great idea. Thanks for the suggestion!

 

[Bambi19]

Home : Anima Kingdom
Broker: www.Fidelity.com
Title Company: First American
Offer made: 6/4/2020
Offer accepted: 6/4/2020
Sent to ROFR: 6/5/2020
Passed ROFR: 7/20/2020
Closing docs received: 7/24/2020
Closing docs returned: 7/28/2020
Seller returned closing docs: Canadian sellers trying to find notary (not returned yet?)
Finally received sellers docs: 8/28/2020
Closing: ?
Deed recorded: 9/1/2020
Contract Showing on Membership: 9/24/2020
Points in account:

Email received and contract showing on membership!

 

[Lorana]

UPDATED: Seller Returned Closing Docs, and I made final payment. Now waiting on closing/deed recorded.

Home: Copper Creek (CCV) -- Resale Contract #2
Broker: www.*************.com
Title Company: TRCS
Offer made: 07/14/2020
Offer accepted: 07/15/2020 (1 day)
Sent to ROFR: 07/15/2020 (0 day)
Passed ROFR: 08/24/2020 (40 days)
Closing docs received: 09/01/2020 (8 days)
Closing docs returned: 09/03/2020 (2 days)
Seller returned closing docs: 09/09/2020 (8 days)
Closing: 09/10/2020 (1 day)
Deed recorded: 09/10/2020 (0 days)
Contract Showing on Membership:
Points in account:

TIME TOTAL: 58 days and counting...
offer to ROFR: 41 days
ROFR passing to Closing: 17 days
Closing to Points in Account: 0 days and counting...

******
Here is my experience so far, as I’ve done numerous mostly small contracts:

Closed Contracts (offer to points in account):

BRV Resale - 43 days - www.FidelityResales.com / Mason
AKL Resale #1 - 49 days - www.DVCbyResale.com / Mason
AKL Resale #2 - 40 days - www.DVCStore.com / Mason
AKL Resale #3 - 80 days - www.DVCResaleMarket.com / Magic Vacation Title (start of Covid)
CCV Resale #1 - 91 days - www.FidelityResales.com / Mason (Covid, end-May to end-August)
SSR Resale - 120 days - www.*************.com / TRCS (Covid, May to September)

In progress:
CCV Small Resale #2 - www.*************.com / TRCS - 41 days to pass ROFR, 17 days to deed recorded, 58 total days so far, waiting for contract to appear (offer made 7/14, sent to ROFR 7/15, closed 9/10)
CCV Small Resale #3 - www.FidelityResales.com / Mason - 48 days to pass ROFR, 57 total days so far, waiting for seller to return closing docs (offer made 7/15, sent to ROFR 7/21)

Uuuugh, I'm sooooo impatient. I know it's only been 2 weeks since my deed was recorded, but I want my contract in my account already, LOL.