TinkAgainU
Trust In The Pixie Dust
- Joined
- Dec 11, 2021
- Messages
- 1,591
So.... I will update as I learn more, but as the Seller, my VGF contract DVC Right of First Refusal / ROFR was "not waived" by DVC yesterday. Sadly, all my notarized documents were sitting at Escrow so it could have closed for the Buyer and myself as soon as ROFR came thru, BUT... with DVC exercising ROFR all that now stops.
I was forwarded an email from the Broker saying they were no longer involved (note, they will still get their full commission), but DVC is to send me their required documentation by email, with a PIN to open those documents by mobile Text. Nothing received, so I tried to ask by Chat - Chat told me to call Member Admin - called MA (the lady I spoke with seemed confused by the whole ROFR theory and put me on hold), then she came back on the line and told me my only option is to email my question to Member Administration. I emailed, and received stock response ... "Your request is very important to us and we will make every effort to respond within the next seven days. Requests are answered in the order they are received and our response time may vary based on the nature of your correspondence."
This, my friends, is why I am selling my contracts. Disney and DVC are simply too difficult to deal with for "me" anymore. YMMV
P.S. I will update this this whenever I finally get done jumping thru hoops with DVC. Really looking forward to my Epic Universe trip, and Norwegian Cruise next year... there IS life after Disney
//// UPDATE HERE ///
1) So it's going to be tough to share info on this since the VERY FIRST DOCUMENT they are having me sign is attached here - a FULL LIABILITY AND CONFIDENTIALITY RELEASE (it is in docusign, so FORCED to sign all or none of the pages they sent). And they go to great length explaining if you've not returned all the documents by scheduled closing date, you owe brokers fees, their processing fees, and DVC can back out at their sole option, and would still need to go thru a new ROFR for any resale. As expected, DVC is holding all the cards and playing them like no body has attorneys like they do (fair guess). I'm sharing this and have NOT signed that Release, but may be forced to, obviously. This reminds me a lot of the heavy-handed documents provided at Direct Purchase (which I personally, declined to sign after reading them).
2) They did offer Notary service, but the only open dates are for a few days AFTER this was to close per the Purchase Agreement. And they are clear (see #1 above) any delay can have terrible consequences. Sneakily played.
3) Last, they state to expect funds approximately two weeks AFTER documents are received. Cammy's escrow could have sent the funds the same day, of course. But Disney will build in use of money delays is my guess - that's pretty common if marginally ethical - by big businesses.
And I'll reiterate here, no way to reach them except by email, which stock response indicates a 7 day turn around. No response to my first email, obviously.
I was forwarded an email from the Broker saying they were no longer involved (note, they will still get their full commission), but DVC is to send me their required documentation by email, with a PIN to open those documents by mobile Text. Nothing received, so I tried to ask by Chat - Chat told me to call Member Admin - called MA (the lady I spoke with seemed confused by the whole ROFR theory and put me on hold), then she came back on the line and told me my only option is to email my question to Member Administration. I emailed, and received stock response ... "Your request is very important to us and we will make every effort to respond within the next seven days. Requests are answered in the order they are received and our response time may vary based on the nature of your correspondence."
This, my friends, is why I am selling my contracts. Disney and DVC are simply too difficult to deal with for "me" anymore. YMMV
P.S. I will update this this whenever I finally get done jumping thru hoops with DVC. Really looking forward to my Epic Universe trip, and Norwegian Cruise next year... there IS life after Disney
//// UPDATE HERE ///
1) So it's going to be tough to share info on this since the VERY FIRST DOCUMENT they are having me sign is attached here - a FULL LIABILITY AND CONFIDENTIALITY RELEASE (it is in docusign, so FORCED to sign all or none of the pages they sent). And they go to great length explaining if you've not returned all the documents by scheduled closing date, you owe brokers fees, their processing fees, and DVC can back out at their sole option, and would still need to go thru a new ROFR for any resale. As expected, DVC is holding all the cards and playing them like no body has attorneys like they do (fair guess). I'm sharing this and have NOT signed that Release, but may be forced to, obviously. This reminds me a lot of the heavy-handed documents provided at Direct Purchase (which I personally, declined to sign after reading them).
2) They did offer Notary service, but the only open dates are for a few days AFTER this was to close per the Purchase Agreement. And they are clear (see #1 above) any delay can have terrible consequences. Sneakily played.
3) Last, they state to expect funds approximately two weeks AFTER documents are received. Cammy's escrow could have sent the funds the same day, of course. But Disney will build in use of money delays is my guess - that's pretty common if marginally ethical - by big businesses.
And I'll reiterate here, no way to reach them except by email, which stock response indicates a 7 day turn around. No response to my first email, obviously.
Attachments
Last edited:
