Closing Time!

[MamaMouseMcLean]

Can someone explain the what “closing” means ? I thought that was the closing call with the attorney, but then I got an email that we are waiting for the sellers documents and will be updated as we complete the closing process. So is “closing” just when I get notified that it’s done and sent to Disney ?

 

[Sandisw]

Can someone explain the what “closing” means ? I thought that was the closing call with the attorney, but then I got an email that we are waiting for the sellers documents and will be updated as we complete the closing process. So is “closing” just when I get notified that it’s done and sent to Disney ?

Yes. As soon as the title company gets everything, they close the contract, and submit the deed to be recorded. Then it is sent to Disney.

 

[TraJon]

Our contracts must be next to each other in the stack for BRV... passed ROFR, closed, and got membership email all on the same days! Can you post if you successfully get your points loaded with a call?

Absolutely! I am so excited!

 

[NVDISFamily]

Not sure if anyone else has noticed this. The two extra VGC contracts don't show in the my points page..... but there is one place they do show up.... The dues page.

DVC sure does have it's priorities right in the way they load the resale contracts into the system.

 

[adribelle]

Home Resort: Hilton Head
Broker: https://www.dvcresalemarket.com/
Title Company: Mason
Offer made: 7/6/22
Offer accepted: 7/6/22 (0 days)
Sent to ROFR: 7/8/22 (2 days)
Passed ROFR: 8/8/22 (31 days)
Closing docs received: 8/8/22 (31 days)
Closing docs returned: 8/8/22 (31 days)
Closing: 8/23/22 (46 days) ** Updated
Deed recorded: 8/24/22 (47 days)** Updated
Contract Showing on Membership (new member):
Points in account:

Now we wait! So excited to start booking!!!

 

[cgard87]

Absolutely! I am so excited!

FYI, i was inquiring about something else with DVC chat today and asked about my points and the rep loaded them in 5 minutes! Just asked if i plan to use them today to book (i said yes... assume if i said no they would have asked me to wait)

 

[Newv88]

UPDATED
Home Resort: BLT
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 6/8
Offer accepted: 6/8
Sent to ROFR: 6/11 (3 days)
Passed ROFR: 7/14 (33 days)
Closing docs received (buyer): 7/14 (0 days)
Closing docs returned (buyer): 7/15 (1 day)
Closing docs returned (seller): 8/2 (18 days )
Closing: 8/4 (2 days)
Deed recorded: 8/8 (4 days)
Contract Showing on Membership (new member): 8/22 (14 days)
Points in account: 8/25 (loaded via chat)

Days Total: 78

Got my points loaded via chat today for both my BLT contract and a BW contract that closed on 8/10!

 

[mrsap]

UPDATE:

Home Resort: Saratoga Springs
Broker: Fidelity
Title Company: Mason Title
Offer made: 6/15/22
Offer accepted: 6/15/22
Sent to ROFR: 6/17/22
Passed ROFR: 7/25/22
Closing docs received: 7/26/22
Closing docs returned: 7/26/22
Funds Sent: 7/27/22
Closing docs mailed back (seller): 8/4/22
Closing docs received (seller): 8/10/22
Closing: 8/12/22
Deed recorded: 8/15/22
Contract Showing on Membership (Existing member):
Points in account:

UPDATE:

Home Resort: Saratoga Springs
Broker: Fidelity
Title Company: Mason Title
Offer made: 6/15/22
Offer accepted: 6/15/22
Sent to ROFR: 6/17/22
Passed ROFR: 7/25/22
Closing docs received: 7/26/22
Closing docs returned: 7/26/22
Funds Sent: 7/27/22
Closing docs mailed back (seller): 8/4/22
Closing docs received (seller): 8/10/22
Closing: 8/12/22
Deed recorded: 8/15/22
Contract Showing on Membership (Existing member): 8/25/22
Points in account:

 

[babecca1]

After checking the site multiple times a day, I finally called and got my points loaded! Hooray!

Home Resort: BCV
Broker: https://dvcbyresale.com/
Title Company: JEFFREY C. SWEET ATTORNEY AT LAW
Offer made: 6/19
Offer accepted: 6/19
Sent to ROFR: 6/20
Passed ROFR: 7/18
Closing docs received: 7/18
Closing docs returned: 7/19
Closing payment sent: 7/29 (Cashiers Check Debacle)
Closing: 8/3
Deed recorded: 8/3
Contract Showing on Membership (existing member):8/19
Points in account:8/25

Days Total: 67 days

 

[wdw4rfam]

Home Resort: PVB
Broker:
Title Company: Mason
Offer made: 6/29/22
Offer accepted: 6/29/22
Sent to ROFR: 6/30/22
Passed ROFR: 8/2/22
Closing docs received: 8/2/22
Closing docs returned: 8/4/22
Closing: 8/9/22
Deed recorded: 8/11/22
Contract Showing on Membership (existing member): 8/25/22
Points in account:

 

[TraJon]

FYI, i was inquiring about something else with DVC chat today and asked about my points and the rep loaded them in 5 minutes! Just asked if i plan to use them today to book (i said yes... assume if i said no they would have asked me to wait)

Thanks for the info! I am so glad they were loaded. We were told 72 hours, we will try tonight. Go plan those trips! Let me know if you decide on another contract, we can do it together again.

 

[TraJon]

Home Resort: Boulder Ridge
Broker: DVCSTORE
Title Company: Mason
Offer made: 6/27
Offer accepted: 6/27
Sent to ROFR: 6/28
Passed ROFR: 7/26
Closing docs received: 7/28
Closing docs returned: 7/29 (buyer)
Closing docs returned: (seller) ?
Closing: 8/8
Deed recorded: 8/9
Contract Showing on Membership:8/22
Points in account: 8/25

59 days from offer!

 

[Unclelude]

I'll post all my dates once completed... But I do have a question.

I have an existing contract... Lists mine and my wife's names with middle initial.

The resale (same resort/uy) I just bought posted on the deed site today without the middle initials ( even though I gave broker correct names with middle initial )

If I do nothing, I think I'm going to end up with 2 memberships?

I've asked broker to correct it. This happen to anyone? Advice?

TIA

 

[discreet]

Middle name problems... They never end.
1/3 of my papers have my middle name, 1/3 of them have my middle initial and the rest of them show no middle name at all.
My parents are tired of me asking "why?". I fail to see any benefit.
My kids don't have middle names. Now I'm tired of them asking "why?".
I keep telling them: "you'll thank me later".

Not sure what's gonna happen in your case. I hope you will not end up with a separate membership because of this.

 

[Spinster Travel]

I'll post all my dates once completed... But I do have a question.

I have an existing contract... Lists mine and my wife's names with middle initial.

The resale (same resort/uy) I just bought posted on the deed site today without the middle initials ( even though I gave broker correct names with middle initial )

If I do nothing, I think I'm going to end up with 2 memberships?

I've asked broker to correct it. This happen to anyone? Advice?

TIA

I don't know how this is going to wind up with Disney, but I'd ask the Title company to have it corrected. As someone who goes by midlle name I am adamant that my full name (first middle and last) on anything related to real estate primarily because over the years I've wound up with alias' that can make things confusing. Another thing you can do is connect with Member Administration to check, but my guess is that they won't have an answer for you until the contract is added. For what its worth, I have seen people with their names spelled out on one contract and an initial on another, but I honestly can't say that it resulted in multiple memberships or not. Good luck!

 

[Sandisw]

I'll post all my dates once completed... But I do have a question.

I have an existing contract... Lists mine and my wife's names with middle initial.

The resale (same resort/uy) I just bought posted on the deed site today without the middle initials ( even though I gave broker correct names with middle initial )

If I do nothing, I think I'm going to end up with 2 memberships?

I've asked broker to correct it. This happen to anyone? Advice?

TIA

Id definitely get it corrected to be sure it doesn’t end up differently. I think we once had them like that in the same membership but the ones that didn’t include the initials have been sold so I can’t be sure.

 

[discreet]

I just signed an addendum to contract received from my title company. The sellers changed their names from full middle names to middle initials. This was sent to ROFR 2 weeks ago. Does this mean the ROFR wait time resets? Thank you!

 

[wdw4rfam]

Home Resort: PVB
Broker:
Title Company: Mason
Offer made: 6/29/22
Offer accepted: 6/29/22
Sent to ROFR: 6/30/22
Passed ROFR: 8/2/22
Closing docs received: 8/2/22
Closing docs returned: 8/4/22
Closing: 8/9/22
Deed recorded: 8/11/22
Contract Showing on Membership (existing member): 8/25/22
Points in account: 8/26/22 (called MS to add)

 

[mrsap]

UPDATE:

Home Resort: Saratoga Springs
Broker: Fidelity
Title Company: Mason Title
Offer made: 6/15/22
Offer accepted: 6/15/22
Sent to ROFR: 6/17/22
Passed ROFR: 7/25/22
Closing docs received: 7/26/22
Closing docs returned: 7/26/22
Funds Sent: 7/27/22
Closing docs mailed back (seller): 8/4/22
Closing docs received (seller): 8/10/22
Closing: 8/12/22
Deed recorded: 8/15/22
Contract Showing on Membership (Existing member): 8/25/22
Points in account:

FINAL UPDATE!!!!

Home Resort: Saratoga Springs
Broker: Fidelity
Title Company: Mason Title
Offer made: 6/15/22
Offer accepted: 6/15/22
Sent to ROFR: 6/17/22
Passed ROFR: 7/25/22
Closing docs received: 7/26/22
Closing docs returned: 7/26/22
Funds Sent: 7/27/22
Closing docs mailed back (seller): 8/4/22
Closing docs received (seller): 8/10/22
Closing: 8/12/22
Deed recorded: 8/15/22
Contract Showing on Membership (Existing member): 8/25/22
Points in account: 8/26/22

 

[Unclelude]

Id definitely get it corrected to be sure it doesn’t end up differently. I think we once had them like that in the same membership but the ones that didn’t include the initials have been sold so I can’t be sure.

Sandisw et. al.,

Thanks for the feedback!

Title company got right back to me with a fix - I basically grantor/grantee the deed back to myself with the fixed names... Witness/Notary and send it back... I'm guessing this is similar to what is done if you add/remove someone.

The correction should be recorded around a week after original mistake... Hopefully Disney doesn't get confused by it... I think in the end I should be good!