Come on Estoppel!!!!

[nerdyjules]

I just asked this in the ROFR forum as well - but how much juju is there in the different closing agencies/broker in terms of how long things take? Are certain agencies known for being faster, or is it really just Disney acting as slowly or quickly as it acts in turning around all the paperwork?

 

[CaliforniaGirl09]

I just asked this in the ROFR forum as well - but how much juju is there in the different closing agencies/broker in terms of how long things take? Are certain agencies known for being faster, or is it really just Disney acting as slowly or quickly as it acts in turning around all the paperwork?

I don't know, but it does seem like there are vastly different experiences right now. It seems like most people are waiting a number of weeks for estoppel but ours seemed to be immediately after or concurrent with ROFL. I posted the timeline for my recent VGC add on in the "closing time" thread, but here it is again. I'm not sure whether it was VGC, the resale company (DVC Resale Market) or the title company (First American), but I feel really lucky!

Offer submitted: 1/27
Offer Accepted: 1/28
Contract received: 1/30
Sent to ROFR: 1/31
Passed ROFR: 2/15
Closing docs received 2/18 (returned 2/23)
Closed/Recorded: 3/1-3/2
Member # online: 3/15 (emailed resale company and they emailed DVC--it appeared that night)
Points Loaded: 3/16 (and reservation made )

So just under 7 weeks from offer to new ressie--pretty awesome. Really happy with my first resale experience.

 

[Roxyfire]

So just under 7 weeks from offer to new ressie--pretty awesome. Really happy with my first resale experience.

That sounds great. I'm using the same broker but different title company. They seemed keen to get the paperwork going while waiting for ROFR. Here's hoping I get the same experience!

 

[CaliforniaGirl09]

That sounds great. I'm using the same broker but different title company. They seemed keen to get the paperwork going while waiting for ROFR. Here's hoping I get the same experience!

Crossing my fingers for you

 

[sndral]

That sounds great. I'm using the same broker but different title company. They seemed keen to get the paperwork going while waiting for ROFR. Here's hoping I get the same experience!

Keep in mind CaliforniaGirl09 is buying VGC so I assume her title is recorded in CA v, Florida, thus timelines aren't comparable.
My timeline for VGF (Timeshare store/ Magic Vacation Title)
2/27 sent to ROFR
3/10 passed
3/28 (today!) closing docs received

 

[Shellyred8]

Keep in mind CaliforniaGirl09 is buying VGC so I assume her title is recorded in CA v, Florida, thus timelines aren't comparable.
My timeline for VGF (Timeshare store/ Magic Vacation Title)
2/27 sent to ROFR
3/10 passed
3/28 (today!) closing docs received

We passed ROFR on 3/10 too. I'm going to start stalking my e-mail for closing docs in hopes that they will come today too!!!

 

[sndral]

We passed ROFR on 3/10 too. I'm going to start stalking my e-mail for closing docs in hopes that they will come today too!!!

I suspect you'll catch up as we have international sellers and I expect that may slow things down a bit.

 

[TeeKo]

From my broker today:
"The deed has been recorded and sent to Disney.
We now wait for snail mail! Disney will send your membership number regular mail, once you get that you have to call them to get an activation code."

So how long does this step take? I'm getting the impression of ~2 weeks.

 

[Roxyfire]

Keep in mind CaliforniaGirl09 is buying VGC so I assume her title is recorded in CA v, Florida, thus timelines aren't comparable.
My timeline for VGF (Timeshare store/ Magic Vacation Title)
2/27 sent to ROFR
3/10 passed
3/28 (today!) closing docs received

D'oh! Didn't realize! But that's not too bad, this feels like waiting for Christmas morning haha!

 

[sndral]

From my broker today:
"The deed has been recorded and sent to Disney.
We now wait for snail mail! Disney will send your membership number regular mail, once you get that you have to call them to get an activation code."

So how long does this step take? I'm getting the impression of ~2 weeks.

Check out the the last couple of pages in the "Closing Time!!" thread https://www.disboards.com/threads/closing-time.3392820/
Looks to be about 10 days give or take after deed is recorded, so 2 weeks is probably a good guess.
Meanwhile you can always amuse yourself by looking your deed up on the Orange Co. Florida recorders site

[edited to add link]

 

[nerdyjules]

Okay so here's where I'm up to:

Sent for ROFR 02/22
Passed 03/06
Closing docs received 03/28
... passed out from holding my breath - any minute now

 

[dena808]

From my broker today:
"The deed has been recorded and sent to Disney.
We now wait for snail mail! Disney will send your membership number regular mail, once you get that you have to call them to get an activation code."

So how long does this step take? I'm getting the impression of ~2 weeks.

I was impatient, so after about a week or so, i called member services. They said if I spoke to administration, they might be able to help. I was already in the system, so I spoke to administration and once they verified my information, he gave me my member ID, club ID, and activation code over the phone. It took about another week for me to get the letter, so I'm glad I called.

 

[Shellyred8]

19 days and counting...

 

[TeeKo]

I was impatient, so after about a week or so, i called member services. They said if I spoke to administration, they might be able to help. I was already in the system, so I spoke to administration and once they verified my information, he gave me my member ID, club ID, and activation code over the phone. It took about another week for me to get the letter, so I'm glad I called.

Thanks Dena808
I called today. Spent 18 minutes on the phone with Member Services. No luck. CM Brian said my new contract wasn't in the system yet. He went on to tell me that it typically takes 30 to 40 days after the deed is recorded before Disney would have me in the system. Hmmmpf.

Check out the the last couple of pages in the "Closing Time!!" thread https://www.disboards.com/threads/closing-time.3392820/
Looks to be about 10 days give or take after deed is recorded, so 2 weeks is probably a good guess.
Meanwhile you can always amuse yourself by looking your deed up on the Orange Co. Florida recorders site

I found my deed! March 22nd. Thank you!

[edited to add link]

 

[sndral]

Thanks Dena808
I called today. Spent 18 minutes on the phone with Member Services. No luck. CM Brian said my new contract wasn't in the system yet. He went on to tell me that it typically takes 30 to 40 days after the deed is recorded before Disney would have me in the system. Hmmmpf.

Member services won't work - try again and chose #3 from the phone menu - member administration, then chose #4 (per the postings on the closing thread.)
I know I got my info. by calling member administration a couple of years ago, I think I got my member number in the mail, but needed to call for the activation code. It seems to depend on who you get on the phone, but member services doesn't deal w/ creating new memberships.
Even after your membership shows up it may take a few days for your points to load.
Good luck.

 

[TeeKo]

Member services won't work - try again and chose #3 from the phone menu - member administration, then chose #4 (per the postings on the closing thread.)
I know I got my info. by calling member administration a couple of years ago, I think I got my member number in the mail, but needed to call for the activation code. It seems to depend on who you get on the phone, but member services doesn't deal w/ creating new memberships.
Even after your membership shows up it may take a few days for your points to load.
Good luck.

Thank you sndral! I really need to change threads!
When I was listening to all the options on the phone yesterday, I was thinking someone has probably posted which # I should pick. I did get transferred from the original CM who answered the phone who said I needed to talk to someone in a different department. So I may have been shunted over to member administration. I will try again. Thank you so much for your interest and help! I appreciate it.

 

[Jillian Lopez]

We just got word from First American Title that Fidelity JUST sent our paperwork to them yesterday. Tomorrow will be 21 days since we passed ROFR!!!! I feel like this is taking an incredibly long time. Has anyone heard of this before???

 

[Shellyred8]

WooHoo!!!! Estoppel came through today and we also received our closing docs. Just about there!!!

For those that are wondering: That put us at 20 days from ROFR notice to Estoppel receipt.

 

[JETSDAD]

I'm at 15 days I believe. Being in real estate I receive a lot of emails to my phone and every time I hear an email notification I get excited...then disappointed lol I was very patient for ROFR and just set my expectations that it would take 30 days but now that we know that we have a contract and just waiting on estoppel I'm getting less patient.

 

[DduzDis]

Looks like today is out. Will be at least at day 21 before we see anything for closing now I suppose.