Closing Time!

They can literally take the forms to their local UPS store and have them notarized for $10. These forms are nowhere near as complex and detailed documents for a conventional real estate purchase. It's one signature.

I literally told the agent on one resale contract that I would fly from LA to the middle of a cornfield in Illinois and drive the seller to a notary, if that would speed things up after waiting 3 weeks for them to "find" a notary.
Lol :laughing: they are a international seller in the UK and I don’t think they have UPS notaries but I am sure there is more than 1 notary they could go to. I literally had my closing docs sent that day, it boggles my mind how people can sit on it knowing I could walk away and then they would owe a few thousand dollars in commission.
 
Lol :laughing: they are a international seller in the UK and I don’t think they have UPS notaries but I am sure there is more than 1 notary they could go to. I literally had my closing docs sent that day, it boggles my mind how people can sit on it knowing I could walk away and then they would owe a few thousand dollars in commission.
They don't have "Notary Publics" in the UK, but there are still ample opportunities to get documents "legalized". My cousin lives in a small seaside town on the west coast of Scotland, and he can get things notarized usually the next day (we've had elder family members pass on over the past few years and had to do some legal maneuvering from both continents).
 
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As sellers we had to sign 3 forms in front of the notary ($15 at UPS). We did have to wait for the weekend as we work full days and local store closed by 6. Granted you’re talking about 3 weeks but I did find the closing process as seller was more complicated.
True, but it still only cost you $15 and whether it was one page or ten you could still get it done all at once at one of a thousand locations in about 5 minutes (pending your schedule of course).
 
What happens if you go past your closing date. I am pretty sure with how extraordinary slow magic title company is moving at the moment, that this is a possiblility for me too as mine is an international seller as well. I don’t want to lose the contract.
I would think that if both parties want to stay in the contract, the closing date on the contract doesn't affect anything. The process could go on as long as both sides are willing? In our case, I told the title company that if we passed our closing date that we were backing out of the deal. We got our closing notice at 5 p.m. on our closing date. It went up until the literal late minute of the last day.
 

What? how did you get your membership set up so quickly? I'm jealous!
It might have helped that I already have an account......? I also called as soon as I received an email from DVC and they manually loaded my points. I heard here that if you don't call it could take an additonal week or two to get your points loaded.
 
It might have helped that I already have an account......? I also called as soon as I received an email from DVC and they manually loaded my points. I heard here that if you don't call it could take an additonal week or two to get your points loaded.
Got it, ok... you already had your account. Makes sense. I'm waiting on that part as I'm a new member.
 
Ugg, I tracked down my rep from the title company (First American), they still don't have the Seller's docs (sent via email to the Sellers on June 3). They said they'd follow up - because I asked them to. Shouldn't they be doing that because they're actually attempting to close the transaction.
 
Home Resort: BCV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/16/2022
Offer accepted: 4/16/2022 (0 days)
Sent to ROFR: 04/17/2022 ( 1 days)
Passed ROFR: 5/17/2022 (issued estoppel also) (30 days)
Closing docs received: 06/03/2022 (17 days)
Closing docs returned: 06/03/2022 (Buyer) (0 days)
Closing:
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Welp, we received the closing docs today (about 10 days sooner than I was told, yay)... 48 days and counting. Fingers crossed the sellers do their thing ASAP. Slow and steady as they say.
Home Resort: BCV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/16/2022
Offer accepted: 4/16/2022 (0 days)
Sent to ROFR: 04/17/2022 ( 1 days)
Passed ROFR: 5/17/2022 (issued estoppel also) (30 days)
Closing docs received: 06/03/2022 (17 days)
Closing docs returned: 06/03/2022 (Buyer) (0 days)
Closing: 06/10/2022 (7 days)
Deed recorded: 06/14/2022 (4 Days)
Contract Showing on Membership (existing member):
Points in account:

59 days and counting... the pain :)
 
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Re sellers dragging the time out - in some cases the sellers may actually owe more on the contract + commission than it sold for, so they’re in no hurry to have to pay the difference, in other cases the seller‘s net proceeds may be so small after their loan is paid off, the commission to the broker is deducted, & w/ international sellers the 15% FIRPTA to the IRS is w/held that they’re in no rush.
 
I'm new to DVC and just purchased a contract where the deed was recorded and sent to Disney on 5/20. About how long does it take to get your membership number and points? And do I just wait for an email from Disney with the info? Really want to book a trip before the 11 month window. This wait is killing me!
 
I'm new to DVC and just purchased a contract where the deed was recorded and sent to Disney on 5/20. About how long does it take to get your membership number and points? And do I just wait for an email from Disney with the info? Really want to book a trip before the 11 month window. This wait is killing me!
We'll revel in this together. My deed was sent 5/25 and I'm also still waiting on my new member email. You'll see in previous posts that some seem to get set up faster than others... I've tried to call or chat with no luck other than getting confirmation that they did have my paperwork. So, to answer your question, yes, you just wait.... **whomp whomp** I was told "up to 60 days" however, I think 3-4 weeks is more reasonable...
 
We'll revel in this together. My deed was sent 5/25 and I'm also still waiting on my new member email. You'll see in previous posts that some seem to get set up faster than others... I've tried to call or chat with no luck other than getting confirmation that they did have my paperwork. So, to answer your question, yes, you just wait.... **whomp whomp** I was told "up to 60 days" however, I think 3-4 weeks is more reasonable...
Thank you! The wait is killing me, ha. I'm so worried I'll miss the email. Keep me posted on yours and I'll do the same!
 
Ugg, I tracked down my rep from the title company (First American), they still don't have the Seller's docs (sent via email to the Sellers on June 3). They said they'd follow up - because I asked them to. Shouldn't they be doing that because they're actually attempting to close the transaction.
We are closing with First American as well. We signed our docs on 5/10, and only just got notice that our sellers (not international) returned their docs on 6/8 - FOUR WEEKS LATER 😭🤬
Now just hoping we can close by our close date of 6/14, which seems unlikely. I remember thinking that date sounded so far off, that we for sure would close earlier.. but here we are *sigh*.
 
We are closing with First American as well. We signed our docs on 5/10, and only just got notice that our sellers (not international) returned their docs on 6/8 - FOUR WEEKS LATER 😭🤬
Now just hoping we can close by our close date of 6/14, which seems unlikely. I remember thinking that date sounded so far off, that we for sure would close earlier.. but here we are *sigh*.
Based on posts by other members I have been staying on top of (annoying) them regularly to try to keep things moving. That did result in a fairly timely turn around for getting the closing docs out but I could tell it happened because I was bothering them.
 
We'll revel in this together. My deed was sent 5/25 and I'm also still waiting on my new member email. You'll see in previous posts that some seem to get set up faster than others... I've tried to call or chat with no luck other than getting confirmation that they did have my paperwork. So, to answer your question, yes, you just wait.... **whomp whomp** I was told "up to 60 days" however, I think 3-4 weeks is more reasonable...
I was speaking with our DVC rep recently about taking advantage of member add-on deals once we get our membership (currently waiting to close). He mentioned that they are occasionally able to "pull a file from the stack" for expediting purposes (in the context of taking advantage of certain promos before they expire). Maybe casually mentioning you're interested in taking advantage of member add-on deals may speed things along *shrug*.

Although...the current promotions don't expire until 7/13 and I would HOPE you get it by then..
 
I was speaking with our DVC rep recently about taking advantage of member add-on deals once we get our membership (currently waiting to close). He mentioned that they are occasionally able to "pull a file from the stack" for expediting purposes (in the context of taking advantage of certain promos before they expire). Maybe casually mentioning you're interested in taking advantage of member add-on deals may speed things along *shrug*.

Although...the current promotions don't expire until 7/13 and I would HOPE you get it by then..
If I don't have it by the end of next week I might try again. We are trying to book a night or two for our July trip.
 
We are closing with First American as well. We signed our docs on 5/10, and only just got notice that our sellers (not international) returned their docs on 6/8 - FOUR WEEKS LATER 😭🤬
Now just hoping we can close by our close date of 6/14, which seems unlikely. I remember thinking that date sounded so far off, that we for sure would close earlier.. but here we are *sigh*.

Contracts usually close a day or two after all documents are in. So, I’d say it will meet that deadline.
 
Home Resort: SSR
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 4/5
Offer accepted: 4/5
Sent to ROFR: 4/6
Passed ROFR: 5/3
Closing docs received: 5/25
Closing docs returned: 5/25 - Still waiting on closing docs from seller(international)
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:
Days Total:

The closing date is coming up in 2 weeks and I am becoming very impatient, it was a great deal but maybe I should have gone direct for my first DVC contract. :worried:
Home Resort: SSR
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 4/5
Offer accepted: 4/5
Sent to ROFR: 4/6
Passed ROFR: 5/3
Closing docs received: 5/25
Closing docs returned: 5/25 - Still waiting on closing docs from seller(international)
Closing: 6/10
Deed recorded:
Contract Showing on Membership (new member):
Points in account:
Days Total:

Relived and surprised I closed today since I was told it wouldn’t close until next week. On to waiting some more for a new membership account 😊
 
Home Resort: PVB
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/23
Offer accepted: 4/25
Sent to ROFR: 4/29
Passed ROFR: 5/25
Closing docs received: 6/10
Closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

Just received closing docs today. Am I too early to submit my entry to the thread? I'm so excited (first DVC purchase)!
 












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