The "Waiting for ROFR" support group thread

[Verandah Man]

That has never been my reaction to "Small World." My only objection is you can't get that stinkin' song out of your mind, once it starts. And there it goes...your fault!!

Yeah, now it's stuck in my head, thanks............

 

[minniekissedme]

Tammy is right the closing company does send the contract to be estoppelized or what ever the term is. However when I talked to the nice lady at TTS yesterday she told me that the Title company is the one who is contracted with Disney to do the estoppelation, my term not theirs. What I'm not sure about is if the Title company thingy is actually the same as the closing company. She also told me that depending on how busy the Title company is, it is an indication of generally how fast the estoppel will come back. She told me that the person I was speaking about who passed ROFR after me but got through estoppel before me (minniekissedme) was probably using a different company that maybe isn't as busy right now so things moved quicker. So I don't know if Disney has a set number of people assigned to different Title companies or what she meant by that. It's all smoke and mirrors designed to distract and confuse you, a lot like the "It's a Small World" ride, on the surface its just a kiddie ride but once your on it a long scary nightmare of insane children!

Since this is my area, I thought you might like some clarity...with some of my own assumptions to muddy the waters a bit more.

First...once you sign to purchase, you really are down with the resale agent. They are still a point of contact but their work is mostly done. They like you are now waiting to get their goods...$$$.
Second...Generally speaking, the Settlement Company now does the rest. They are the ones that order all the necessary docs (title search, estop..) to move the process thru to completion. They are working with both buyer and seller, Disney, resale agent, to make that happen. Most often times the title work is out of their world...that's where they make their $$$.
Third...assuming that this is not all they deal with on a daily basis, I imagine that closing dates are established and they work those as a "queue" if you will. What goes in goes out in order of closing. They, like you, are at the mercy of everyone involved to play nice. If everyone plays nice, things get done. I will also assume that these are significantly easier than title work on "regular real estate" which is most certainly the bulk of their business.
Fourth...assume that Disney has just a few other things to work on in their world, too!
I'm not sure if different settlement companies get different results or not or if Disney has people assigned to different companies...I would think not. It's kind of like this story....Do you know that the blue whale is the largest mammal on earth...and do you know that the blue whale has a throat that's only about the size of a softball...and do you know why? Because that's the way it is.

If that helps...yippee...if I talked too much, someone delete it all!!!!!!!!!

 

[minniekissedme]

Actually "a shot" or two would probably help more than breathing and pushing. (NOT the hypodermic kind.)

there is nooooooo doubt about it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I like your line of thinking Grandbuddy.

 

[tammymacb]

I'm thinking that the small companies deal with less paperwork and therefore may finish quicker.

That was getting to be a bigger concern ( in my head ) everyday. That I'd be through ROFR with BCV and not be closed on BWV yet and have to have 2 contract #s...

 

[Tigger & Eeyore]

Tammy is right the closing company does send the contract to be estoppelized or what ever the term is. However when I talked to the nice lady at TTS yesterday she told me that the Title company is the one who is contracted with Disney to do the estoppelation, my term not theirs. What I'm not sure about is if the Title company thingy is actually the same as the closing company. She also told me that depending on how busy the Title company is, it is an indication of generally how fast the estoppel will come back. She told me that the person I was speaking about who passed ROFR after me but got through estoppel before me (minniekissedme) was probably using a different company that maybe isn't as busy right now so things moved quicker. So I don't know if Disney has a set number of people assigned to different Title companies or what she meant by that. It's all smoke and mirrors designed to distract and confuse you, a lot like the "It's a Small World" ride, on the surface its just a kiddie ride but once your on it a long scary nightmare of insane children!

Interesting, now I know what questions to ask when I email her. I will give it until Tuesday - then it will be 2 weeks since I emailed her - and I will ask that question so we all know

Even their website doesn't clearly lay out the process. You would think they would let us all know so we aren't banging our heads on the wall in frustration waiting.

 

[Tigger & Eeyore]

I'm thinking that the small companies deal with less paperwork and therefore may finish quicker.

That was getting to be a bigger concern ( in my head ) everyday. That I'd be through ROFR with BCV and not be closed on BWV yet and have to have 2 contract #s...

We researched to see which companies were registered, had good feedback etc. Maybe the smaller ones are hammering them out faster - which makes the majority frustrated as we wait and wonder

 

[HolidayRoad]

That has never been my reaction to "Small World." My only objection is you can't get that stinkin' song out of your mind, once it starts. And there it goes...your fault!!

You know what they should do, in the last room on the "it's a small world ride" replace all the heads on the children with the miniature clown heads from the Luna Park Pool, then slow down the the music like your playing a 45 record at 78 speed (dating myself). Maybe some black lights. That would be cool!!

 

[tammymacb]

Can you buy frozen marguaritas while you're waiting in the line?

 

[minniekissedme]

You know what they should do, in the last room on the "it's a small world ride" replace all the heads on the children with the miniature clown heads from the Luna Park Pool, then slow down the the music like your playing a 45 record at 78 speed (dating myself). Maybe some black lights. That would be cool!!

aaahhh the good old days...Pink Floyd laser show in the Buhl Planetarium... "Come in here dear boy, have a cigar, you're gonna go far..."

 

[tammymacb]

Oh, I was going to tell everyone about a really, really good resale contract that popped up. But it sold already...

Back to regularly scheduled programming.

 

[disneymotherof3]

Oh, I was going to tell everyone about a really, really good resale contract that popped up. But it sold already...

Back to regularly scheduled programming.

What was it?

 

[tammymacb]

OKW...70 points...ALL 07,08 and 07 for $75.00 PP...

It was only a few hundred more than what I paid for the 50 BCV...fortunately it isn't my UY so I didn't have to "wonder" if I should have waited for too long..

 

[Verandah Man]

OKW...70 points...ALL 07,08 and 07 for $75.00 PP...

It was only a few hundred more than what I paid for the 50 BCV...fortunately it isn't my UY so I didn't have to "wonder" if I should have waited for too long..

I was talking to my buddy about that, I wonder if he put the offer in for that contract. I'll have to e-mail him and find out...........

 

[tammymacb]

I really thought that was a great deal.

Maybe whoever bought it will come on the thread and tell us.

 

[disneymotherof3]

OKW...70 points...ALL 07,08 and 07 for $75.00 PP...

It was only a few hundred more than what I paid for the 50 BCV...fortunately it isn't my UY so I didn't have to "wonder" if I should have waited for too long..

That it a good one! I'm not sure if $75 pp would pass or not. Where did you find that one?

 

[tammymacb]

If I say her name, it'll get starred out..

 

[Verandah Man]

I really thought that was a great deal.

Maybe whoever bought it will come on the thread and tell us.

I just sent my friend a PM and asked him if it was he who going after that contract. We talked about it last night when it first appeared. I'll let you know when I hear back from him.

 

[Tigger & Eeyore]

If I say her name, it'll get starred out..

That is an awesome one. When I offered $75 PP on OKW 48 banked from '07 and all of '08 June Use year (80 points) (total bought 128) I was told it would never pass so I would be curious to see if this one does.

I found this info on Estoppel on a mousekeeper thread:

"Here's my high-level definition of Estoppels. Legal-types...please feel free to wax poeticly about the "real" definition....

Basically, the seller's DVC account is verified (that they actually own the points) and then frozen. They can't deny ownership of the points, and they now are barred from backing-out of the sale.

They cannot now grant ownership to anyone else, they now can't use any points in the account, they now cannot place any reservations against those points, they now cannot bank them....nothing.

This is done in preparation of transferring those points to the account DVC is making for you, the buyer. You'll soon have a minty-fresh, newly-made DVC ownership account with those points!"

Makes more sense now why it is so important.

 

[tammymacb]

I really do like OKW...I think it's so pretty and peaceful, a good equalizer for BWV. I can't believe what a hard time I had choosing between OKW and BCV, but the extra points on the contract and the difficulty of booking BCV when it's high time for the pool made my decision for me.

If, however, I didn't make ROFR, and that June UY contract was still available, I'd probably ( and of course I'd be thinking all over again ) jump on it.

 

[disneymotherof3]

If I say her name, it'll get starred out..

I found it.