ROFR Thread July to Sept 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

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Today is day 27 for me… someone knock some sense into me and tell me to stop checking my email 😅
Day 30 for me. Two of the folks here submitted the same day as me, and heard on Monday.

I figured my BCV was a sure thing (especially from an international seller). But I guess Disney has some more thinkin’ to do.
 
DVChris---$120-$6645-50-SSR-Jun-0/20, 0/21, 50/22, 50/23- sent 8/27, taken 9/22
DVChris---$120-$24850-200-SSR-Jun-0/20, 0/21, 200/22, 200/23- sent 8/30, taken 9/22

I am 0/3 with SSR.
Doh! Sorry to hear. It seems they have been aggressive with SSR lately.
 
Just be aware that until MA moves the contract to the new owner, even after closing, the current owner can still see and use the contract.

While I don’t think it happens, but it’s possible. Those of us with multiple contracts have to be careful when we know we have sold to ensure we don’t make a mistake!

But, until they are ready to actual move it from one to the other, there is no way to remove it. So, the clause is important but in reality, not sure how easy it is to enforce unless the title company holds the funds…which now some do…until the new owner verifies it’s correct.

I would think that would be the RIGHT way for a title company to close these contracts given this issue. If you purchase a business, it is not uncommon for some money to be held back in escrow for a period of time to be sure there are no outstanding liabilities.
 
Day 30 for me. Two of the folks here submitted the same day as me, and heard on Monday.

I figured my BCV was a sure thing (especially from an international seller). But I guess Disney has some more thinkin’ to do.

I was kicking myself for paying what I did since others got better deals after me. Figured it’d pass quickly.
 

Doh! Sorry to hear. It seems they have been aggressive with SSR lately.
DVChris---$120-$6645-50-SSR-Jun-0/20, 0/21, 50/22, 50/23- sent 8/27, taken 9/22
DVChris---$120-$24850-200-SSR-Jun-0/20, 0/21, 200/22, 200/23- sent 8/30, taken 9/22

I am 0/3 with SSR.

That stinks! Sorry for you!
Another indication that my contract from yesterday is probably getting taken!
 
DVChris---$120-$6645-50-SSR-Jun-0/20, 0/21, 50/22, 50/23- sent 8/27, taken 9/22
DVChris---$120-$24850-200-SSR-Jun-0/20, 0/21, 200/22, 200/23- sent 8/30, taken 9/22

I am 0/3 with SSR.
I am 0/2 and waiting on my 3rd. On day 35 waiting and not having much faith I’ll get through at this point. 🥴
 
I was kicking myself for paying what I did since others got better deals after me. Figured it’d pass quickly.
My BCV passed ROFR right at the 31 day mark this month. I find that when they pass ROFR its usually at 4 weeks, but when they take the contract its at the 3 week mark. Seems to be consistent from what I read on this thread too.
 
I would think that would be the RIGHT way for a title company to close these contracts given this issue. If you purchase a business, it is not uncommon for some money to be held back in escrow for a period of time to be sure there are no outstanding liabilities.

Some are doing it. Last summer, my sellers had to wait. But, as a seller, the longest had been 2 weeks, and the contract didn’t leave for at least a week later.
 
So, the clause is important but in reality, not sure how easy it is to enforce unless the title company holds the funds…which now some do…until the new owner verifies it’s correct.
The title company we are working with is holding our funds in escrow until we tell them we have the points and they’re correct. We didn’t know this in advance but are really happy they are doing it this way. Contract loaded, just waiting for points to show up.
 
DVChris---$120-$6645-50-SSR-Jun-0/20, 0/21, 50/22, 50/23- sent 8/27, taken 9/22
DVChris---$120-$24850-200-SSR-Jun-0/20, 0/21, 200/22, 200/23- sent 8/30, taken 9/22

I am 0/3 with SSR.

So Sorry. I know the feeling, 31 days of waiting to be told Disney exercised their right. First time for me, but I've located another contract. Now it's Round 2 - still waiting to see if my offer has been accepted. 😑
 
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