ROFR Thread April to June 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[HIRyeDVC]

I passed on May 7th but haven’t received closing docs yet. I hope to get them this week.

Fingers crossed!

 

[jwmob91]

Curious why I recevied this email Friday (May 21st.) afternoon:
Good day,

Attached please find the open escrow letter. Please note; this does not mean that this contract has passed ROFR. This is a preliminary document used to verify the information we received on your contract for purchase/sale. Please open, print, and make any necessary changes directly on the document and sign. We only require one signature. You may return either via fax or scan and email at your convenience.

I passed ROFR on the 10th. - 11 days prior! This contract has points expiring July 31st. I have asked for it to be expeditied if at all possible. I am seeing others receive their estoppels within days of ROFR right now. I already signed a similar piece of paper weeks ago. What is going on at Magic Vacation Title and DVC Resale Market? This feels very inexperienced to me.

I received the same email last week for my contract that passed on the 10th. I know with sales being so high they are probably inundated with upcoming closings and this is probably an email they would otherwise send before folks pass ROFR. With that said, hoping we all get our docs this week.

 

[ILoveMyDVC]

I received the same email last week for my contract that passed on the 10th. I know with sales being so high they are probably inundated with upcoming closings and this is probably an email they would otherwise send before folks pass ROFR. With that said, hoping we all get our docs this week.

Sales slowed way down. I'm not as hopeful. Spoke with https://magicvacationtitle.com/ today - a bunch of estoppels had come in - mine was still not there. My last contract (with a different company) closed within 10 days and that was at the height of the crazy sales. Now it is slow and 24 days and still no estoppel.

 

[momtwoboys]

Sales sloweed way down. I'm not as hopeful. Spoke with https://magicvacationtitle.com/ today - a bunch of estoppels had come in - mine was still not there. My last contract (with a different company) closed within 10 days and that was at the height of the crazy sales. Now it is slow and 24 days and still no estoppel.

wonder what the deal is then?

 

[princesscinderella]

Lorilais_mommie---$144-$38623-250-CCV@WL-Oct-0/19, 141/20, 250/21, 250/22-11/20delay closing- sent 5/3 Passed 5/24

141 points were banked into 21

Also was told sellers no longer needed the delayed closing.
So that means we can close right away right?

I wonder if this means you may end up with more points in your contract because they canceled the trip that was causing the delayed closing? Unless they took the trip sooner than planned when it was listed.

 

[rawisericho]

rawisericho---$120-$29371-225-AKV-Jun-0/20, 195/21, 225/22- sent 5/4, passed 5/24

 

[jwmob91]

Sales sloweed way down. I'm not as hopeful. Spoke with https://magicvacationtitle.com/ today - a bunch of estoppels had come in - mine was still not there. My last contract (with a different company) closed within 10 days and that was at the height of the crazy sales. Now it is slow and 24 days and still no estoppel.

Ah gotcha. I know in our week that we passed, there were 182 other contracts/families (including 4 that we sold and the one that we bought) so I just assumed they were backlogged because of that large wave. Normal weeks when DVC Resale Market post the ROFR news it looks like they normally have less than 100. Either way, am hoping that yours gets closed ASAP so that no points are lost to expiration. I am impatiently checking my email as well, so I know how ya feel.

 

[MissPixieDreamer]

Sales slowed way down. I'm not as hopeful. Spoke with https://magicvacationtitle.com/ today - a bunch of estoppels had come in - mine was still not there. My last contract (with a different company) closed within 10 days and that was at the height of the crazy sales. Now it is slow and 24 days and still no estoppel.

How did you speak with them? Did you call? Because I've sent an e-mail, but received answer from DVC Resale Market instead, saying as I have a closing date for July 1st, it would be a few weeks before I received my closing docs... really weird answer since my contract is not for a delayed closing.
Should I call *** as well? I passed ROFRon the 10th, and I"m so anxious after 14 days... Can't even imagine 24 days waiting... I hope you receive your closing docs asap.

Unfortunately, I've noticed *** tend to be slower than all other title companies (from the Closing Time thread data). I was still hopeful to be proven wrong....

 

[DonMacGregor]

Lorilais_mommie---$144-$38623-250-CCV@WL-Oct-0/19, 141/20, 250/21, 250/22-11/20delay closing- sent 5/3 Passed 5/24

141 points were banked into 21

Also was told sellers no longer needed the delayed closing.
So that means we can close right away right?

I'm in the same boat as you: delayed closing until after 10/12. Almost considered tracking the seller down and asking her if we can close now and I'll just give her the points for her vacation since I don't need them until next spring, but could use a little extra time to get my trip booked. LOL.

Unfortunately, cancelling an October reservation in May and hoping to set a new reservation on rented (or gifted) points has some snowball in hell odds. Doubt she'd take that bait. HAHA

 

[2theCastle]

2thecastle---$70-$4558-50-HH-Aug-0/19, 0/20, 39/21, 50/22- sent 5/3, passed 5/24

And so we passed! I don’t think HH is big on their ROFR list, so wasn’t really doubting it. Nice to have moved through relatively quickly and looking forward to more trips to plan, including Hilton Head!

 

[Pianograd99]

pianograd99---$120-$21159-160-AKV-Mar-0/20, 160/21, 160/22, 160/23- sent 5/5, passed 5/24

We passed ROFR! Excited to be part of DVC for the first time.

 

[Dis87ney]

Here we go for try number 2...

Dis87ney---$124-$26977-200-SSR-Dec-0/19, 0/20, 200/21, 200/22- sent 5/24

 

[hobbes42]

hobbes42---$160-$24610-150-BCV-Mar-0/20, 0/21, 150/22, 150/23- sent 5/4, passed 5/24

I think I'm done now. 5 contracts in 5 months. More points than we really need.

 

[we"reofftoneverland]

hobbes42---$160-$24610-150-BCV-Mar-0/20, 0/21, 150/22, 150/23- sent 5/4, passed 5/24

I think I'm done now. 5 contracts in 5 months. More points than we really need.

How many did you buy total?

 

[hobbes42]

Points? 1225 spread across 4 resorts: OKW (345), BLT (250), BCV (150) and AKV (480).

We usually do an extended family trip once a year and an immediate family trip once a year. But in 2021 we're doubling up up on the extended family trips; one each for my side of the family and my wife's side.

 

[we"reofftoneverland]

Points? 1225 spread across 4 resorts: OKW (345), BLT (250), BCV (150) and AKV (480).

We usually do an extended family trip once a year and an immediate family trip once a year. But in 2021 we're doubling up up on the extended family trips; one each for my side of the family and my wife's side.

That’s a great amount of points! Don’t worry, you will use them all. We have about a hundred less than you and we use them all. We usually do one trip with a couple of extra family members (about 5 nights) and about 3 immediate family trips (usually one for a week and a half and 2 others for 4-7 days).

 

[timff18]

timff18 (seller) ---$129-$6972-50-SSR-Feb-0/20, 0/21, 38/22, 50/23- sent 5/25

 

[MAKP2]

Points? 1225 spread across 4 resorts: OKW (345), BLT (250), BCV (150) and AKV (480).

We usually do an extended family trip once a year and an immediate family trip once a year. But in 2021 we're doubling up up on the extended family trips; one each for my side of the family and my wife's side.

Wow there is great. You and your family will definitely making awesome memory at Disney.

 

[ILoveMyDVC]

How did you speak with them? Did you call? Because I've sent an e-mail, but received answer from DVC Resale Market instead, saying as I have a closing date for July 1st, it would be a few weeks before I received my closing docs... really weird answer since my contract is not for a delayed closing.
Should I call *** as well? I passed ROFRon the 10th, and I"m so anxious after 14 days... Can't even imagine 24 days waiting... I hope you receive your closing docs asap.

Unfortunately, I've noticed *** tend to be slower than all other title companies (from the Closing Time thread data). I was still hopeful to be proven wrong....

Yes, I spoke with them - I asked for contact info. They were pretty annoyed, too.

 

[tlm345]

We passed ROFR on 5/7 and we just found out we passed estoppel by contacting our broker www.dvcresalemarket.com. They told us to look for closing docs this week or early next week. We were impatiently waiting along with some of you. I just wanted to share, hope you all have the same good news soon as well!