Closing Time!

[Androzor]

I hadn't considered asking them to bank the points, is that something they can do at this phase?


Closing documents, they said as soon as the sellers complete them the deed will be recorded and Disney notified. That was 9 days ago, we're well past the 10 day cancellation though, we passed RofR almost two weeks ago.

What is the deadline date for closing on the original sales contract? Our closing deadline was set approximately 60 days after the sales contract was sent out. ROFR took about 3.5 weeks so that left around 30 days from the time we received our closing documents to the closing deadline date. As the buyer, I completed my closing documents and made my payment right away. Unfortunately, the sellers took over 3 weeks to sign, notarize, and return their documents. As a result, our closing didn’t happen until a day or two before the deadline.

I emailed the broker and title company representative a few times, but all I got was “the sellers are working on it”. I’m not sure there was much that the broker or title company could do.

 

[VGCgroupie]

I hadn't considered asking them to bank the points, is that something they can do at this phase?


Closing documents, they said as soon as the sellers complete them the deed will be recorded and Disney notified. That was 9 days ago, we're well past the 10 day cancellation though, we passed RofR almost two weeks ago.

You can require banking prior to contract in the future if you buy again, for this one you can ask them to do it for you as a courtesy, they might say yes. But since this is closing docs you should be okay provided they sign soon.

 

[mauionabreakaway]

What is the deadline date for closing on the original sales contract? Our closing deadline was set approximately 60 days after the sales contract was sent out. ROFR took about 3.5 weeks so that left around 30 days from the time we received our closing documents to the closing deadline date. As the buyer, I completed my closing documents and made my payment right away. Unfortunately, the sellers took over 3 weeks to sign, notarize, and return their documents. As a result, our closing didn’t happen until a day or two before the deadline.

I emailed the broker and title company representative a few times, but all I got was “the sellers are working on it”. I’m not sure there was much that the broker or title company could do.

The closing deadline is 8/23, so if Disney is taking 3 weeks from deed recording to issuing points then we should still be okay, but it's cutting it closer than I'd like.

 

[Androzor]

As others have said, asking if the sellers would bank the points would be a good idea. From my (very limited) experience, the sellers may not have everything ready to close well ahead of the closing deadline.

 

[mauionabreakaway]

I emailed the group chain with the broker and title agent about banking the points and an update on the sellers documents. The agent replies back that banking the points was not an option after the sales contract was written and signed, but that the deed was supposed to be recorded on Friday, so hopefully we are just good to go?

 

[VGCgroupie]

I emailed the group chain with the broker and title agent about banking the points and an update on the sellers documents. The agent replies back that banking the points was not an option after the sales contract was written and signed, but that the deed was supposed to be recorded on Friday, so hopefully we are just good to go?

Then it sounds like the sellers signed? Do you know how check if the deed was recorded? This is the link to check for Florida resorts. https://selfservice.or.occompt.com/ssweb/user/disclaimer

 

[mauionabreakaway]

Then it sounds like the sellers signed? Do you know how check if the deed was recorded? This is the link to check for Florida resorts. https://selfservice.or.occompt.com/ssweb/user/disclaimer

It does sound that way but nothing shows in the search, so I’m a little confused but I guess maybe it takes a business day or two?

 

[deangeka]

It does sound that way but nothing shows in the search, so I’m a little confused but I guess maybe it takes a business day or two?

Our deed that we were told was sent for recording in a Friday showed up that Monday. So hopefully you see it now!

 

[mauionabreakaway]

Our deed that we were told was sent for recording in a Friday showed up that Monday. So hopefully you see it now!

Yeah I’ll keep checking through out the day, exciting news!

 

[foodiddiedoo]

Anyone hear anything new over the weekend? I'm on day 21 for points transfer and I guess I'll start constantly refreshing?

 

[foodiddiedoo]

Same here! With 7/12 and 7/13 being weekend days I think there's a *chance* we get loaded up tomorrow!

You get your points yet?

 

[a2andy]

I did not hear anything over the weekend. I don't think they work on this stuff over the weekends or on holidays. I am thinking today might be the day for us! We closed on 7/14.

 

[foodiddiedoo]

I did not hear anything over the weekend. I don't think they work on this stuff over the weekends or on holidays. I am thinking today might be the day for us! We closed on 7/14.

Same and our deed was recorded 7/14 as well. Wonder if anyone who received notice of their points in their account recently could say if they were added in the morning or afternoon?