Come on Estoppel!!!!

[pangyal]

I passed rofr 4/28 and got clising documents today. 5/27 Only after i emailed to inquire. Makes me wonder.....

Huh. You're in front of me by a day. May I ask which title company you are using?

 

[SomeImaginationHuh]

Well, I've got two resale contracts pending, and one of my contracts passed ROFR on Tuesday, so I'll welcome myself to this thread, and continue to linger over there, until, hopefully, I can park it over here only .

 

[wallygirl]

No good news. I was hoping our seller would try to get the docs notarized on Sat, instead she said they'd do it Monday, forgetting that Monday was a holiday, so they said hopefully they'd do it Tuesday (today). The last time they mailed the docs and that took 5 business days. I'm at the point where I'd like to get our money back and walk away from this whole thing. Its been 104 days. Every day since Feb I wake up hoping for good news and never get any. I know there are much bigger issues going on around me, but this has certainly taken its toll. We know we have at least a month in front of us to completion and we purchased this with the intent to book in September. We can't book our flights and its doubtful we'll get the DVC property we want. Our broker and title agent will no longer communicate with us, this whole situation stinks.

Does anyone know what happens if you back out, do you lose the initial $1000 deposit? I don't even know how to go about backing out, since no one will talk to me. Stupidly I wired the money on 5/7 thinking we could close that week.

Ugh, this is so frustrating for you! I'm not sure what your rights are to back out. Maybe if you haven't closed by the closing date on docs you can? Is there a local lawyer line you could consult to find out where you stand? Hate for you to shell out more money for legal advice. Hang in there!

 

[allison plevrakis]

Ugh, this is so frustrating for you! I'm not sure what your rights are to back out. Maybe if you haven't closed by the closing date on docs you can? Is there a local lawyer line you could consult to find out where you stand? Hate for you to shell out more money for legal advice. Hang in there!

There is no closing date on our contract, it just says "Both parties agree that "time is of the essence" to close this transaction, unless extended by an addendum executed by both parties. This transaction shall be closed by use of express mail or common expedited delivery service."

Too bad the broker doesn't have to sign the sales contract!

 

[SecretPoohLove]

Huh. You're in front of me by a day. May I ask which title company you are using?

Magic vacation title

 

[FSUSammy]

Magic vacation title

What's your closing date supposed to be? I'm with *** too and they said my stuff came back from estoppel on 5/26 but to expect closing docs sometime next week. My closing date is supposed to be on 6/3 so I have a feeling they are waiting until then to send me my stuff instead of just sending it over now

 

[SecretPoohLove]

My expected closing date is June 3rd

 

[SecretPoohLove]

Are you financing? Maybe that is causing the delay?

 

[playjar]

What's your closing date supposed to be? I'm with *** too and they said my stuff came back from estoppel on 5/26 but to expect closing docs sometime next week. My closing date is supposed to be on 6/3 so I have a feeling they are waiting until then to send me my stuff instead of just sending it over now

I used *** also. I inquired about my documents and estoppel on a Monday (5/18) and was just told to expect closing docs by the end of the week, no mention of whether they had received estoppel, but then the next day around 11am I received closing docs via email. I still have no idea when I actually passed, or when I would hAve heard something had I not inquired on my own. Fwiw, 5/18 was 30 days after passing rofr, which is why I inquired at that time.
I just closed yesterday on my contract after receiving my docs last Tuesday (took until yesterday 5/28 for my sellers to return theirs, but then we closed right away.)

 

[Rylie Grite]

ROFR sent 4/8, passed 5/4

Received initial closing documents 5/18. Included a statement "we have received the required clearance from resort and can begin the process." Dunno if that is the estoppels.
1. Receipt for Escrow: No Action Required, Information Only.
2. Choice of Tenancy
3. Compliance Agreement
4. Proposed Deed: No Action Required, Information Only.

Heard today that the seller has returned the signed docs and the title company should have them Monday. They confirmed that they have the estoppels.

I was told to expect the final closing docs on Monday, June 1 with instructions for the funding.

YAY!
After reading the thread I expected to be waiting another 2 weeks. very happy.

 

[hopeful4fl]

ROFR sent 4/8, passed 5/4

Received initial closing documents 5/18. Included a statement "we have received the required clearance from resort and can begin the process." Dunno if that is the estoppels.
1. Receipt for Escrow: No Action Required, Information Only.
2. Choice of Tenancy
3. Compliance Agreement
4. Proposed Deed: No Action Required, Information Only.

Heard today that the seller has returned the signed docs and the title company should have them Monday. They confirmed that they have the estoppels.

I was told to expect the final closing docs on Monday, June 1 with instructions for the funding.

YAY!
After reading the thread I expected to be waiting another 2 weeks. very happy.

You are an exception and lucky . Good for you.
Or..... maybe Disney is finally getting their timelines compressed.
In any case, CONGRTULATIONS

 

[Disneychica18]

After a 50 day wait for ROFR, we finally passed on Tuesday May 26,2015. Our sellers forgot to bank points and that it was caused it to take so long.I received an email the next day stating I would receive closing documents in 2 weeks. I emailed my agent back and questioned it because of everyone I had read about it taking another 30-40 days for Estoppel. My agent said they actually already had the estoppel form. Between my agent and title company they had Asked Disney to push it through since the sellers are going out of the country next week. Low and behold I had closing documents emailed to me yesterday afternoon and sent them back in today. This whole process has been crazy.
Pixie dust and speed to all those waiting. I hope you all get to close soon and book your vacation to go home.

 

[pangyal]

So, we passed ROFR on April 29th, and received all of our closing documents today. This was our first time financing- holy smokes, you guys! Crazy amounts of paperwork and we have to get some of them notarized. Ugh.

 

[BrittanyLynn]

Sent to ROFR 5/1, Passed ROFR 5/26, Waiting on estoppel and closing docs

So glad to be over here on this board!

 

[FSUSammy]

Are you financing? Maybe that is causing the delay?

Yes I am financing with Monera.

 

[wallygirl]

There is no closing date on our contract, it just says "Both parties agree that "time is of the essence" to close this transaction, unless extended by an addendum executed by both parties. This transaction shall be closed by use of express mail or common expedited delivery service."

Too bad the broker doesn't have to sign the sales contract!

We closed finally on Thursday, however I thought of you today when I found out that our "broker" jumped ship to another firm during our sale. I only found out b/c I am on her new company's email list. No communication from her or the brokerage firm. Thankfully our title company (Angela - ***) was super helpful and stepped up in a big way to walk us through our first DVC purchase.

Anyone know if there is somewhere to file a formal complaint against a broker and her company and/or a title trade association to write to sing the title agents praises?

Btw...how are things progressing with your purchase?

 

[Lakegirl]

There is no closing date on our contract, it just says "Both parties agree that "time is of the essence" to close this transaction, unless extended by an addendum executed by both parties. This transaction shall be closed by use of express mail or common expedited delivery service."

Too bad the broker doesn't have to sign the sales contract!

Any update today for you?

 

[SomeImaginationHuh]

Well, I've got two resale contracts pending, and one of my contracts passed ROFR on Tuesday, so I'll welcome myself to this thread, and continue to linger over there, until, hopefully, I can park it over here only .

My second contract passed ROFR today! So excited to have only have two more thread boards to go

 

[allison plevrakis]

Any update today for you?

Friday afternoon I called TT&M and was told that Disney verified our the points but now they have to get a final pay-off amount and that we should hear back on Friday or Monday (today). Somehow there's always a new step that I was previously unaware of. Here's an idea, when you request the points verification also request the payoff amount (I'm assuming our sellers have a loan on the property??) I called today and got Alex again and he said that our paperwork is on Nancy's (the owner) desk and she might get to it this week. I politely reminded him that last week he told me we'd close mid week and he can't guarantee that. I asked him how he came up with those dates last week and he said it was an estimate. He said he'd have Nancy call me and she never did, no surprise there. I think they are just jerking me around. Maybe they read this blog and are pissed that I'm giving them bad publicity, the truth hurts... Day 109 : (

 

[allison plevrakis]

We closed finally on Thursday, however I thought of you today when I found out that our "broker" jumped ship to another firm during our sale. I only found out b/c I am on her new company's email list. No communication from her or the brokerage firm. Thankfully our title company (Angela - ***) was super helpful and stepped up in a big way to walk us through our first DVC purchase.

Anyone know if there is somewhere to file a formal complaint against a broker and her company and/or a title trade association to write to sing the title agents praises?

Btw...how are things progressing with your purchase?

Wallygirl, could you please PM me the broker and the firm, I'm wondering if its the same person we're dealing with so we've had no communication from her for over 3 weeks. Also, if anyone knows how to file a formal complaint, I'd be very interested in hearing more.