My timeline is listed below. This is my first contract and I haven't really looked into the process post-ROFR a lot because I wasn't in that stage yet. But am I correct in thinking I bypassed the Estoppel waiting game? Someone on another thread mentioned that I skipped the "next waiting" portion but is estoppel different than waiting for closing docs? If so, I'm almost cautiously optimistic that we might be owners by time of our trip 5/6-5/13 and get to go on the Top of the World for our first time as owners! Thanks!
Offer Made: 3/22
Offer Accepted: 3/24
Sent to ROFR: 3/30
*no notification of passing ROFR*
Closing Docs Received: 4/19
We're existing members and I've been checking the DVC site daily since 4/11 (when we recorded) to see if the new points/contract have/has loaded. My broker said it takes 7-10 days, and since this is day 9, I called. The DVC lady confirmed DVC got the deed 4/11 and said it was taking 2 weeks to complete the change paperwork & that our new contract was scheduled to be entered next Tues. (which will actually be 15 days from when DVC received our recorded deed.) So, we shall see.Estoppel took about 20 days for us, at least that was the number of days after we passed ROFR until we got the closing docs. I'm assuming there was a day or two in there for paperwork processing at the title company, so maybe 18 days for estoppel? Now we are just waiting for our points to be loaded to our account! Does anyone know about how long that takes (we were DVC members before this purchase)?
Here's our timeline, if anyone is interested:
Offer made/accepted: 2/22
Sent to ROFR: 2/24
Passed ROFR: 3/10
Closing Docs Received after Estoppel: 3/30
Closing Docs sent to Closing Company: 4/10
Recorded on OC Comptroller site: 4/19
You went through estoppel, your broker just didn't keep you in the loop. The time between passing ROFR and you getting your closing doc.s was for estoppel & drawing up the doc.s.My timeline is listed below. This is my first contract and I haven't really looked into the process post-ROFR a lot because I wasn't in that stage yet. But am I correct in thinking I bypassed the Estoppel waiting game? Someone on another thread mentioned that I skipped the "next waiting" portion but is estoppel different than waiting for closing docs? If so, I'm almost cautiously optimistic that we might be owners by time of our trip 5/6-5/13 and get to go on the Top of the World for our first time as owners! Thanks!
Offer Made: 3/22
Offer Accepted: 3/24
Sent to ROFR: 3/30
*no notification of passing ROFR*
Closing Docs Received: 4/19
It does appear as though you missed the estoppel wait. You only receive closing docs once that has been done. I hope the disappointment is bearable. lol
You went through estoppel, your broker just didn't keep you in the loop. The time between passing ROFR and you getting your closing doc.s was for estoppel & drawing up the doc.s.
Next wait is for all doc.s and money to be received by title co.
Our timeline so far: contract submitted for rofr on 3/15/17. Passed rofr 3/30/17. Estoppel received 4/11/17. Still waiting on closing documents. We're using timeshare title. They have a nifty tool where you can see the progress by logging into your account. My status currently reads, "received lot book report." Have no idea what a lock book report is.
Yay! Congratulations! I was hoping you would hear something soon.Received our documents, Tuesday, the 2nd. First received an email, from finance office saying they are now sending them to the title office. I figured it would be another few days. What a wonderful surprise to wake up from a nap and the contracts are sitting in email!!!
Our timeline:
Offer submitted & Accepted 3/18
Contracts Sent for ROFR 3/19
Passed ROFR 4/4
Contracts Received 5/2
Signed and returned 5/3
And because I'm the way I am, and have to know it minute by minute, I'm tracking the package. Just got a text from USPS, the documents are in route to title office!!
Yay! Congratulations! I was hoping you would hear something soon.The Title Company received my docs yesterday & are closing the file. Looking forward to booking my first DVC vacation too.
Update: Documents have been received. Umm wonder how long now does it take for closing to be final?
Depends on how fast the docs get back. We got our docs 4/19, sent our docs back the next day, and just closed yesterday 5/3.
Looks like each step takes almost a month, still impatient, but I'm excited though
Contract came today, so it only took 6 business days from passing ROFR to contract for me. Timeline below:
Offer Submitted 4/5
Sent to ROFR 4/6
Passed ROFR 4/28
Contract Received 5/8
At 33 days, it's moving along much faster than my first contract (almost 90 days from offer to membership #).
Yay! Congratulations! I was hoping you would hear something soon.The Title Company received my docs yesterday & are closing the file. Looking forward to booking my first DVC vacation too.