How Long After ROFR?

[Drewski77]

We should be past ROFR at the end of this month, how much longer after should it take to close?

Also, when would I send in the balance owed?

Thanks!

 

[Minniesgal]

At current rate probably a couple of months

 

[ColinBlair]

We should be past ROFR at the end of this month, how much longer after should it take to close?

Also, when would I send in the balance owed?

Thanks!

Some of the time seems to be specific to the title agency you are working with. In general, you are looking at one month after ROFR then you need to pay your balance. After estoppel you have whatever time it takes for the seller to get their paperwork in, 2 weeks of the title agency wasting your time, then closing happens, then 10-14 business days before Disney will acknowledge your existance.

 

[disneynutz]

60 more days, contact your title company for payment instructions.

Bill

 

[pangyal]

Right now, estoppel is running 4-5 weeks. So, after clearing ROFR, add that. Then, they will email you closing documents and your balance will be due, though most get it in within the week. The sellers will not rush either, so don't waste time and money on overnighting your documents. After the documents are received, it should be another few days to close, then about 3 weeks for Disney to complete the transfer.

 

[chris springer]

It has been 4 weeks and counting for me since ROFR. I am hopeful we get my closing docs soon!

 

[Ck57524]

4 weeks here as well.

 

[supersnoop]

I really, really want to see someone call them out on the estoppel process. The declaration requires that they complete the process in 15 days.

 

[chris springer]

Where can I find the declaration, is it public knowledge?

 

[Dislover1991]

I am buying through re-sale. ROFR was sent on 7/8. I asked the buyer if we would have closing and all that finished before mid January since that is when we would be able to make reservations at 11 months. While we can complete ROFR now, we can't close until after mid November because the seller is using some of the points for vacation then. Would we be able to do estoppel during that period before actually closing?

And also- what exactly IS estoppel?

 

[Ck57524]

I am buying through re-sale. ROFR was sent on 7/8. I asked the buyer if we would have closing and all that finished before mid January since that is when we would be able to make reservations at 11 months. While we can complete ROFR now, we can't close until after mid November because the seller is using some of the points for vacation then. Would we be able to do estoppel during that period before actually closing?

And also- what exactly IS estoppel?

I think they will still start the closing process, but can't officially close until after that November date. So I believe from what I've seen that they will start the estoppel process. And estoppel is making sure all previous liens on it are paid.