ROFR Thread January to March 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[vicarrieous]

Good to hear. I was thinking it was a question the broker gets often. If we get this contract, we have to use already banked points by October and have to bank the current points by May. Maybe we can rent the points that can't be further banked. Anyway, thanks. Not trying to get the thread too off topic...but I'm so nervous! This ROFR wait is torture!

We are in a similar situation with banked points that have to be used and points we would like banked. We knew going in that timelines were tight and the broker was easy to talk to and have the bankable points banked so we didn't miss that deadline. As for the ones that were previously banked, we will have to use or rent.

 

[CookieandOatmeal]

I’m seeing a lot of posts on here about the title company being the one who is submitting to Disney for ROFR. Going through http://dvcresalemarket.com it seemed they were the ones who submitted to ROFR. We signed the contract the day they sent it to us. The sellers signed the next day and right after that it had been submitted to ROFR.

So far the contact with http://dvcresalemarket.com has been great. I’m holding my opinion on Magic Vacation Title though. We were told by http://dvcresalemarket.com that we should have received some escrow documents to fill out from Magic Vacation Title “within” two weeks and we are now outside of that mark and I’ve heard nothing from them.

We're also purchasing a contract through DVC Resale Market right now and asked to work with Mason Title instead. For us, the only times we filled out documents was for the contract and then for the closing. Perhaps they mean once ROFR has been passed?

 

[ccv_fam]

I have 12 contracts and I used Mason for most of them. By far the best and quickest.

I agree. We are currently waiting on Magic Vacation Title who has had the estoppel for over a week now. Mason was super quick and responsive. Next time will be Mason without a doubt. I should have made that request to begin with.

 

[CmdrThor]

I’m seeing a lot of posts on here about the title company being the one who is submitting to Disney for ROFR. Going through http://dvcresalemarket.com it seemed they were the ones who submitted to ROFR. We signed the contract the day they sent it to us. The sellers signed the next day and right after that it had been submitted to ROFR.

So far the contact with http://dvcresalemarket.com has been great. I’m holding my opinion on Magic Vacation Title though. We were told by http://dvcresalemarket.com that we should have received some escrow documents to fill out from Magic Vacation Title “within” two weeks and we are now outside of that mark and I’ve heard nothing from them.

There's no way I would do business with a company that lost personal information to hackers. https://www.disboards.com/threads/a...e-llc-to-all-of-our-disney-customers.3820987/

 

[kes601]

We're also purchasing a contract through DVC Resale Market right now and asked to work with Mason Title instead. For us, the only times we filled out documents was for the contract and then for the closing. Perhaps they mean once ROFR has been passed?

Ya, not really sure. I’m not paying closing (assuming it passes) so I didn’t have a choice. I did email DVC Resale Market last night. They are following up this morning with Magic Vacation Title.

I don’t know why there would be paper work to fill out before passing ROFR but who knows....

 

[kes601]

There's no way I would do business with a company that lost personal information to hackers. https://www.disboards.com/threads/a...e-llc-to-all-of-our-disney-customers.3820987/

Ya I did not find that until we had already started working with them. Also since the seller was paying closing I don’t believe I had a choice.

 

[RedFive]

There's no way I would do business with a company that lost personal information to hackers. https://www.disboards.com/threads/a...e-llc-to-all-of-our-disney-customers.3820987/

They weren't hacked. Data wasn't breached. An email account was compromised and sent spam and spoofed the email address. This is a phishing attack that targets those likely in said email account's contacts. This is not a slight on the title company's integrity or security.

 

[Bobby2443]

Great news! I'm curious since I'm new to this. With your 2021 points - what can you do with them if they expire in April? I'm guessing your bank deadline has passed and I'm guessing you're closing sometime in March. If ours passes ROFR, we will be a similar boat and wondering what others do.

500 of the points that are banked need to be used by March 31, 2022. I also have 550 points at beach club that are banked so I have 1100 to use along with these 1000, we're thinking of doing the Poly Bungalows for two weeks in February 2022 to use them up but we'll see. I won't get these VGF points in my account at the 11 month window to book there and I need to use up some beach club points so I think the poly bungalow would be a nice post covid (I hope) vacation for the family and probably the only time I"ll have that many points to use

 

[mommy2allyandaveri]

I feel the same. Unfortunately the best deal I saw they had so I went with them. I wish I hadn’t had to use them.

Me too

Completely agree. We returned our documents with financial info. January 19th as did the sellers. It didn't to go ROFR until FEBRUARY 3rd!!!!!!! I could have passed ROFR in that time period!!!!!

I have even told the listing agent and title co that I have heard stories about inefficiencies and delayed contracts for ROFR. Guess what, listing agent didn't even bother to respond to my email.

If you are paying the closing costs, you get to select your title agency. The broker will not necessarily tell you that. When I used Fidelity, I requested Mason Title, even though that is not who Fidelity typically uses, and I had a great experience. It sounds like with Fidelity, its luck of the draw and some agents are better than others at getting things done quickly.

Dang! I REALLY wish I knew this. Too late now I suppose. If this contract does not go through. I will be sure to request Mason in the future.

I don't understand why Fidelity is the "preferred" vendor.

 

[princesscinderella]

Princesscinderella---$150-$25948-160-BLT-Feb-0/20, 320/21, 160/22-Seller pays MF 20’- sent 2/18

Let’s hope the 3rd time is the charm.

 

[CCV]

CCV---$140-$22638-150-PVB-Dec-0/20, 150/21, 150/22- sent 1/21, taken 2/18

 

[CmdrThor]

They weren't hacked. Data wasn't breached. An email account was compromised and sent spam and spoofed the email address. This is a phishing attack that targets those likely in said email account's contacts. This is not a slight on the title company's integrity or security.

The absolute worst part was the data that was in that email account. Credit card information was lost which should never be stored in unsecure email. That's unforgiveable for a real estate company.

 

[DisneyMom_3]

CCV---$140-$22638-150-PVB-Dec-0/20, 150/21, 150/22- sent 1/21, taken 2/18

So sorry! I’m really surprised this didn’t pass. ROFR decisions make absolutely no sense!
Mine for $137 was taken on 1/29 (sent 1/21), but since then someone passed for $138.

 

[mightyblade]

Just emailed Magic Vacation Title about my estoppel. They responded saying they got 150 yesterday the 17th and are processing them. So any day now.

 

[smsharp]

CCV---$140-$22638-150-PVB-Dec-0/20, 150/21, 150/22- sent 1/21, taken 2/18

Ouch. Mine's not far off from this and it had the 2020 points.

 

[mommy2allyandaveri]

mommy2allyandaveri---$97-$27080-270-BRV@WL-Oct-50/19, 270/20, 270/21, 270/22- sent 2/18

 

[lovethesun12]

CCV---$140-$22638-150-PVB-Dec-0/20, 150/21, 150/22- sent 1/21, taken 2/18

Darn. I was thinking maybe I have a chance when I saw some of the lower SSR's pass. Not a chance for me after seeing this.

 

[RedFive]

mommy2allyandaveri---$97-$27080-270-BRV@WL-Oct-50/19, 270/20, 270/21, 270/22- sent 2/18

Nice find! Good luck!

 

[macman123]

How long are folks waiting from closing through to contract showing on their account?

 

[mommy2allyandaveri]

Nice find! Good luck!

Thanks. I've seen them listed down to $93, and this was listed for a month. Really hoping this one passes!