Closing Time!!

[JC1984]

DVC MA automated email said it can take up 5 days for a response. I know it is taking longer but here’s to hoping.

 

[timff18]

First contract complete! 4 days until we are back Home!

81 days from offer to points....

Home: SSR
Broker: www.dvcbyresale.com
Title Company: Jeffery Sweet
Offer made: 1/7/21
Offer accepted: 1/9/21
Sent to ROFR: 1/15/21
Passed ROFR: 2/6/21
Closing docs received: 2/15/21
Closing docs returned: 3/5/21
Seller returned closing docs: 2/21/21
Closing: 3/8/21
Deed recorded: 3/9/21
Contract Showing on Membership: 3/27/21
Points in account: 3/29/21



Home: SSR
Broker: www.**********.com
Title Company: Jeffery Sweet
Offer made: 3/8/21
Offer accepted: 3/9/21
Sent to ROFR: 3/10/21
Passed ROFR:
Closing docs received:
Closing docs returned:
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[LottiesMommy]

Final Update:

Home: Saratoga Springs
Broker: Blocked
Title Company: www.masontitle.com
Offer made: 1/14/21
Offer accepted: 1/15/21
Sent to ROFR: 1/17/21
Passed ROFR: 2/9/21
Estoppel Received: ?
Closing docs received: 2/15/21
Closing docs returned: 2/18/21
Sellers closing docs returned: 3/8/21
Closing: 3/9/21
Deed recorded: 3/10/21
Contract Showing on Membership: 3/28/2021 (new member)
Points in account: 3/29/2021 (did NOT call member services)

Total time from offer to points in contract: 74 Days

 

[wvujeb]

Final Update:

Home: PVB
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer Made: 12/30/2020
Offer Accepted: 12/30/2020
Sent to ROFR: 1/5/2021
Passed ROFR: 1/15/2021
Closing Docs received: 2/11/2021
Closing Docs returned: 2/12/2021
Seller Closing Docs Returned: 2/25/2021?
Closed: 3/2/2021
Deed Recorded: 3/4/2021
New Membership account: 3/24/2021
Points in account: 3/29/2021

Total time from offer to points in contract: 89 Days

 

[FinnFogg]

Update:

Home: AKL
Broker: www.**********.com
Title Company: TRCS Inc
Offer made: 1/27/21
Offer accepted: 1/28/21
Sent to ROFR: 1/28/21
Passed ROFR: 2/22/21
Estoppel Received:
Closing docs received: 3/11/21
Closing docs returned: 3/15/21
Sellers closing docs returned: 3/18/21
Closing: 3/29/21
Deed recorded: 3/26/21 (looks like closing occurred and the Deed was recorded on Friday, even though I wasn’t advised until Monday that closing had occurred.
Membership created & contract showing:
Points in account:

Total Time from Offer to Points in Account:

 

[mightyblade]

Home: OKW
Broker: dvcresalemarket
Title Company: Magic Vacation Title
Offer made: 1/11/21
Offer accepted: 1/13/21
Sent to ROFR: 1/18/21
Passed ROFR: 2/11/21
Estoppel Received: 2/17/21
Closing docs received: 2/24/21
Closing docs returned: 2/26/21 (had issues with wire transfer being from Canada so got them in 2 days after. Otherwise would have been same day)
Sellers closing docs returned: 3/5/21
Closing: 3/8/21
Deed recorded: 3/10/21
Membership created & contract showing: 3/29/21
Points in account:

I emailed this morning. Not sure if that rushed it or today was the day anyways. Now just need points

Home: OKW
Broker: dvcresalemarket
Title Company: Magic Vacation Title
Offer made: 1/11/21
Offer accepted: 1/13/21
Sent to ROFR: 1/18/21
Passed ROFR: 2/11/21
Estoppel Received: 2/17/21
Closing docs received: 2/24/21
Closing docs returned: 2/26/21 (had issues with wire transfer being from Canada so got them in 2 days after. Otherwise would have been same day)
Sellers closing docs returned: 3/5/21
Closing: 3/8/21
Deed recorded: 3/10/21
Membership created & contract showing: 3/29/21
Points in account:3/30/21

Total Time 78 days

Question. I booked a resort already. My My Experience is linked. Does the reservation show up automatically or do I have to add it manually?

 

[princesscinderella]

Home: OKW
Broker: dvcresalemarket
Title Company: Magic Vacation Title
Offer made: 1/11/21
Offer accepted: 1/13/21
Sent to ROFR: 1/18/21
Passed ROFR: 2/11/21
Estoppel Received: 2/17/21
Closing docs received: 2/24/21
Closing docs returned: 2/26/21 (had issues with wire transfer being from Canada so got them in 2 days after. Otherwise would have been same day)
Sellers closing docs returned: 3/5/21
Closing: 3/8/21
Deed recorded: 3/10/21
Membership created & contract showing: 3/29/21
Points in account:3/30/21

Total Time 78 days

Question. I booked a resort already. My My Experience is linked. Does the reservation show up automatically or do I have to add it manually?

In MDE you have to add the reservation manually. You need the last name the reservation number to add it.

 

[mommy2allyandaveri]

Feeling frustrated an impatient. Looks like people are getting their closing docs rather quickly, even using the same broker and title company. I'm at nearly a month! Why? My broker is telling me it may be up to another 2 weeks. What the heck, that would be almost 6 weeks!


Home: Boulder Ridge Villas
Broker: www.fidelityresales.com
Title Company: First American
Offer made: 2/15/21
Offer accepted: 2/17/21
Sent to ROFR: 2/18/21
Passed ROFR: 3/5/21
Estoppel Received:
Closing docs received:
Closing docs returned:
Sellers closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[bks9581]

Feeling frustrated an impatient. Looks like people are getting their closing docs rather quickly, even using the same broker and title company. I'm at nearly a month! Why? My broker is telling me it may be up to another 2 weeks. What the heck, that would be almost 6 weeks!

Very odd. We passed ROFR the same day as you, same broker and title company (different resort) and we got our closing docs on 3/16. Still waiting to close though as the seller (non-international) has still not returned his notarized docs.

 

[mommy2allyandaveri]

That's annoying too, I'm sorry!

My agent is also not very responsive. I feel like she's dropping the ball and I'm regretting using them.

 

[vicarrieous]

That's annoying too, I'm sorry!

My agent is also not very responsive. I feel like she's dropping the ball and I'm regretting using them.

Have you received your estoppel yet? I know sometimes that takes a couple weeks. Sorry! I know how much waiting sucks!

 

[bks9581]

That's annoying too, I'm sorry!

My agent is also not very responsive. I feel like she's dropping the ball and I'm regretting using them.

Have you asked why yours seems to be taking far longer than others? It seems there would be a reason, especially if they are saying it could be another two weeks.

 

[mommy2allyandaveri]

Have you received your estoppel yet? I know sometimes that takes a couple weeks. Sorry! I know how much waiting sucks!

To be honest, I don't really know what estoppel is, other than we need it. I have no clue if we've received it. Since I'm receiving no communication, I'm guessing we have not.

Have you asked why yours seems to be taking far longer than others? It seems there would be a reason, especially if they are saying it could be another two weeks.

Yes, I have asked. No info really provided other than to just keep waiting. Last time I emailed, I had to follow up 3 times before I got a response.

 

[vicarrieous]

To be honest, I don't really know what estoppel is, other than we need it. I have no clue if we've received it. Since I'm receiving no communication, I'm guessing we have not.



Yes, I have asked. No info really provided other than to just keep waiting. Last time I emailed, I had to follow up 3 times before I got a response.

I would suggest reaching out to your title agent if possible. Ask if estoppel has been received and if there is any timeline for closing documents.

We happened to have a LONG ROFR wait (33 days) but then documents came quicker after that. Now its back to waiting for our membership activation and points. It is painful. Hopefully you get some answers!

 

[mommy2allyandaveri]

Why do I ONLY get info when I seek it out? Will not use Fidelity/First American in the future.

I only found out I passed ROFR when I asked. Who knows how long it would have taken for them to tell me.

Now, again because I asked, I was told estoppel (don't know when) was received but won't see closing docs for another week or so.

She claims this is all normal, on track and there are not any delays happening with my contract.

 

[vicarrieous]

Why do I ONLY get info when I seek it out? Will not use Fidelity/First American in the future.

I only found out I passed ROFR when I asked. Who knows how long it would have taken for them to tell me.

Now, again because I asked, I was told estoppel (don't know when) was received but won't see closing docs for another week or so.

She claims this is all normal, on track and there are not any delays happening with my contract.

I am not saying any of this isn't untrue, but I feel like the DVC resale experience and timeline really does vary and oftentimes is luck of the draw when it comes to when things happen. I would be annoyed in your situation as well.

Maybe they have a back log, although, I know @sara_sharpe had to really push and stay on top of things with Fidelity for closing to happen from being sent to ROFR through closing

 

[princesscinderella]

To be honest, I don't really know what estoppel is, other than we need it. I have no clue if we've received it. Since I'm receiving no communication, I'm guessing we have not.



Yes, I have asked. No info really provided other than to just keep waiting. Last time I emailed, I had to follow up 3 times before I got a response.

An estoppel is an form provided at closing for real estate transactions most typically in ones that have an association. It gives all the fees owed or that there’s no balance on the account. For DVC it probably lists the points too. It can also list other relevant information to the sale for the new buyer and closing agent such as a lawsuit pending, etc.

 

[PalDisFam]

Why do I ONLY get info when I seek it out? Will not use Fidelity/First American in the future.

I only found out I passed ROFR when I asked. Who knows how long it would have taken for them to tell me.

Now, again because I asked, I was told estoppel (don't know when) was received but won't see closing docs for another week or so.

She claims this is all normal, on track and there are not any delays happening with my contract.

I would direct all your communications at First American. My contract is with Fidelity/First American, after Fidelity notified us that we passed ROFR all our contact was with our title agent. They manage the processes from that point on.

 

[mommy2allyandaveri]

I would direct all your communications at First American. My contract is with Fidelity/First American, after Fidelity notified us that we passed ROFR all our contact was with our title agent. They manage the processes from that point on.

I have had zero communication with First American. I don't even have a contact for them. Absolutely every single communication has been through Fidelity.

 

[bks9581]

I have had zero communication with First American. I don't even have a contact for them. Absolutely every single communication has been through Fidelity.

I can give you two different ones if you need a contact. Just PM me.