Closing Time!!

[Moore144]

Finally got my closing docs. It took over a month!
Home: PVB
Offer made: 8/10
Offer countered & accepted: 8/11
Sent to ROFR: 8/14
Passed ROFR: 8/23
Closing docs received: 9/26
Closing docs sent back: 9/27
Closing:
Deed recorded:
Points in my account:

 

[Matty B13]

I understand that that they aren't supposed to give your number over the phone, but after closing don't we own the points? I'm all for giving DVC a reasonable amount of time to set up the account, but this wait for the mail policy seems a bit archaic. We are encouraged to do everything Disney related via the website or app, but thou must wait for USPS to deliver your DVC number is ridiculous. If I'm recalling the other threads correctly, you must call to get your activation code anyway. As long as they can verify it's you I dont see the problem. Too many things can interrupt the mail (postal service delivery error, weather, theft) to claim it's the most secure or reliable method. I know my opinion is clouded by the "we just closed...where's my number" phenomenon and tired of the hurry up and wait associated with a re-sale contract. I'm simply trying to rationalize the 10-14 day wait...

Mike

Believe me, I feel your pain, I was there last year waiting for my letter from DVC, and ROFR and Estoppel took a lot longer last year.

 

[aokeefe]

Do you remember which number you used to call?

I believe I called 1-800-800-9800 opt 2 opt 2 (that is only number in my notes). I called about 11 days after seeing my name on the occompt site. (My name was posted on a Monday, I called the following week on Thursday and was able to get my number and activation code and points were loaded by the afternoon on Friday).

 

[Matty B13]

Calling in only works if you get the right CM, I tried a few times and never got the right CM in Member Administration.

 

[sndral]

If the member administration lines are busy the calls route to regular member services I've read & member services won't give the info. out. If you read back through this thread you'll see what's worked for others in the past.

 

[Lindsay's4littles]

Just received closing documents today! I have already signed my portion, waiting for hubby to get home from work to sign and then we will hopefully get the check made this weeks!

Offer was excepted August 15
Sent to ROFR August 23
Passed ROFR September 5
Closing documents received 9/27

Now we wait for closing and deed records! Lots and lots of waiting

 

[minorthr]

still haven't closed five days past original date

 

[Somnia]

For those of you who have closed and did financing how does it work? Does the financing you're using send payment after you've seen in your closing docs and your cashier's check? Just curious how the steps will be since we're getting a small quick pay off finance for part of it.

 

[minorthr]

I just got a call from my agent and I swear I'm being punked. The paperwork the seller sent back on the 22nd the day we were supposed to close which didnt arrive till the 25th and two weeks after they got it was the paperwork for a sale they had done previously and not our sale. The title company now has to overnight them the paperwork again because they dont know what happened to it and god knows when these people will decide to send it back because they haven't sent anything back promptly.

 

[1momof3boys3]

I just got a call from my agent and I swear I'm being punked. The paperwork the seller sent back on the 22nd the day we were supposed to close which didnt arrive till the 25th and two weeks after they got it was the paperwork for a sale they had done previously and not our sale. The title company now has to overnight them the paperwork again because they dont know what happened to it and god knows when these people will decide to send it back because they haven't sent anything back promptly.

Yikes! What a mess!

 

[MikeRx]

We are official with the Orange County, CA Recorder. I will attempt to call mid next week for the number and activation code. Another reason we want this completed is that we will be in WDW the following week and want to inquire about add on points at the VGC during our "Fast Pass" DVC tour October 11th and to go to the Top of the World Lounge on the 12th!

Home: VGC
Offer made: 8/16
Offer countered & accepted: 8/17
Sent to ROFR: 8/21
Passed ROFR: 9/5
Closing docs received: 9/21
Closing docs sent back: 9/22(all received by title co 9/25)
Closing: 9/25
Deed recorded: 9/25 (41 days from offer)
Obtained DVC Number:
Points in account:

Mike

 

[limace]

We are official with the Orange County, CA Recorder. I will attempt to call mid next week for the number and activation code. Another reason we want this completed is that we will be in WDW the following week and want to inquire about add on points at the VGC during our "Fast Pass" DVC tour October 11th and to go to the Top of the World Lounge on the 12th!

Home: VGC
Offer made: 8/16
Offer countered & accepted: 8/17
Sent to ROFR: 8/21
Passed ROFR: 9/5
Closing docs received: 9/21
Closing docs sent back: 9/22(all received by title co 9/25)
Closing: 9/25
Deed recorded: 9/25 (41 days from offer)
Obtained DVC Number:
Points in account:

Mike

I’m jealous! Our VGC offer was accepted more than a month before yours-7/6-and still hasn’t closed.

 

[MikeRx]

I’m jealous! Our VGC offer was accepted more than a month before yours-7/6-and still hasn’t closed.

I'm sorry to hear that your closing is taking so long. We've felt very fortunate that this has gone so smoothly. We had a motivated seller who got his documents in as fast as we did. Sending pixie dust and good vibes for you and everyone in closing limbo.
Mike

 

[Katd52]

Well, my husband got a helpful cm at Member administration yesterday. It's been 14 days since our deed was recorded but we are not in the system yet He also checked the sellers and they are also not in the system anymore. So, it looks like something is happening. They've been removed but we haven't been added. Maybe in a couple days. Hopefully!

 

[amjrsj]

I am growing annoyed at the amount of time the seller is taking to return the closing documents. I sent the check to the title company on 9/19. I got an email they received it 9/22 but were still waiting on the seller. I checked yesterday and nope still nothing from the seller. Does he have the 30 days to return that? I know part of this is me just being impatient but should he not want his $$?

How long does the actual close take after both sets of closing documents are received? Also how do I know how much $$ the seller owes to Disney for the points still? On the closing paperwork it did show a balance due but the Orange County site shows a slightly higher dollar amount. Depending on which number is correct the seller may need to bring $ to the table to close....

 

[minorthr]

I am growing annoyed at the amount of time the seller is taking to return the closing documents. I sent the check to the title company on 9/19. I got an email they received it 9/22 but were still waiting on the seller. I checked yesterday and nope still nothing from the seller. Does he have the 30 days to return that? I know part of this is me just being impatient but should he not want his $$?

How long does the actual close take after both sets of closing documents are received? Also how do I know how much $$ the seller owes to Disney for the points still? On the closing paperwork it did show a balance due but the Orange County site shows a slightly higher dollar amount. Depending on which number is correct the seller may need to bring $ to the table to close....

Im in the same boat you are except my seller seems slow and incompetent. They were slow to return initial contract and they held the closing docs for 2 weeks. I sent mine back the day after I got them. They Mailed them on the 22nd the day we were supposed to close and somehow mailed the docs from a previous sale they did and not the docs from our sale. Its incredibly frustrating mostly because I'm incredibly impatient. Part of me wonders if they are doing it on purpose to get us to back out because prices have gone up about $20 a point since we agreed to buy.

The closing company told me generally its 2-3 days after they receive the docs to close. As far as what the seller owes Disney that should be on the closing docs on the settlement statement. I wouldn't worry about it not matching the orange county site. the amount on the settlement statement should have came from disney during estoppel.

 

[amjrsj]

Im in the same boat you are except my seller seems slow and incompetent. They were slow to return initial contract and they held the closing docs for 2 weeks. I sent mine back the day after I got them. They Mailed them on the 22nd the day we were supposed to close and somehow mailed the docs from a previous sale they did and not the docs from our sale. Its incredibly frustrating mostly because I'm incredibly impatient. Part of me wonders if they are doing it on purpose to get us to back out because prices have gone up about $20 a point since we agreed to buy.

The closing company told me generally its 2-3 days after they receive the docs to close. As far as what the seller owes Disney that should be on the closing docs on the settlement statement. I wouldn't worry about it not matching the orange county site. the amount on the settlement statement should have came from disney during estoppel.

Ugh, I am sorry that sounds horrible. I know my title company sent the documents via email with a FedEx return label. So surely the seller got the same. I just don't get why people drag their feet on things like this. What title company are you using? Mine is First American.

 

[minorthr]

Ugh, I am sorry that sounds horrible. I know my title company sent the documents via email with a FedEx return label. So surely the seller got the same. I just don't get why people drag their feet on things like this. What title company are you using? Mine is First American.

First American as well. I agree you would think they would be eager to sell. In my case according to the docs the seller is making money so you would think they would want that ASAP.

 

[amjrsj]

First American as well. I agree you would think they would be eager to sell. In my case according to the docs the seller is making money so you would think they would want that ASAP.

So the same title company uses mail and FedEx for return of closing docs? I wonder at what point the entire thing falls apart? Didn't the closing docs say 30 days from the date of signature to close?

 

[Lindsay's4littles]

Offer: 8/15
Offer accepted: 8/15
Sent to ROFR: 8/23
Passed ROFR: 9/5
Closing docs received: 9/27
Closing docs sent back: 9/28
Closed: 10/12
Deed recorded:10/12
Obtained DVC Number: 10/20
Points in account:10/20

That's a wrap!! We are completely done and booked for June at our home AKV Kadani Village!!