Closing Time! 2021 and 2022 Edition

masupo

Mouseketeer
Joined
Mar 19, 2014
Why are there 2 active “Closing Time” threads? There is one that says 2021 edition but it seems like a lot of people still use the other one. They should either be merged or one should be locked… IMHO
I'm going through ROFR on my first resale contract and I've recently started reviewing the "Closing Time" threads. I also noticed there's two active threads and wondered which to post in when (if) I get to the closing process.
 

Sandisw

DVC Forums
Moderator
Joined
Nov 15, 2008
Why are there 2 active “Closing Time” threads? There is one that says 2021 edition but it seems like a lot of people still use the other one. They should either be merged or one should be locked… IMHO
The 2021 thread was started well into the year and we felt that we should leave both open for now since some people had already entered 2021 data into the original one. We will try to streamline for 2022 like we do for the ROFR thread!
 
  • SarahWI

    Mouseketeer
    Joined
    Jan 2, 2021
    The 2021 thread was started well into the year and we felt that we should leave both open for now since some people had already entered 2021 data into the original one. We will try to streamline for 2022 like we do for the ROFR thread
    Do you all care which thread I put my timeline in?
     

    Lee Matthews

    DIS Veteran
    Joined
    Jan 16, 2009
    DVC must have made our account as they have just sent through 2 activation codes (same email address but one for me and one for my husband)

    it says to use the code with club ID to add the membership but neither email mentions Club ID? Does that come separately?
     

    kilik64

    Champions of Europe, We Know What We Are
    Joined
    May 21, 2021
    DVC must have made our account as they have just sent through 2 activation codes (same email address but one for me and one for my husband)

    it says to use the code with club ID to add the membership but neither email mentions Club ID? Does that come separately?
    We just had the exact same thing happen! I had already emailed the resale email at the top of this thread about the club id part, but still nothing for it yet. :(
     

    Sandisw

    DVC Forums
    Moderator
    Joined
    Nov 15, 2008
    Home Resort: RIV
    Broker: www.**********.com
    Title Company: Mason Title
    Offer made: 5/25/2021
    Offer accepted: 5/25/2021
    Sent to ROFR: 5/26/2021
    Passed ROFR: 6/15/2021
    Estoppel Received: ????
    Closing docs received 6/16/2021
    Closing docs returned: 6/16/2021
    Sellers closing docs returned: 7/14/2021
    Funds wired: July 14th, 2021
    Closing: 7/28/2021 (tentative date)
    Deed recorded:
    Contract Showing on Membership:
    Points in account:
     

    DISJeff74

    Mouseketeer
    Joined
    Sep 6, 2019
    Home Resort: PVB
    Broker: www.dvcstore.com
    Title Company: Mason Title Company
    Offer made: 5/13/21
    Offer accepted: 5/13/21
    Sent to ROFR: 5/14/21
    Passed ROFR: 6/4/21
    Closing docs received: 6/17/21
    Closing docs returned: 6/30/21
    Closing: 7/1/21
    Deed recorded: ????
    Contract Showing on Membership (new member): 7/17/21
    Points in account: 7/17/21

    Days Total: 65
     

    LadybugsMum

    DIS Veteran
    Joined
    Jun 18, 2020
    Home Resort: BWV
    Broker: www.dvcresalemarket.com
    Title Company: Magic Vacation Title
    Offer made: 6/11/2021
    Offer accepted: 6/11/2021
    Sent to ROFR: 6/15/2021
    Passed ROFR: 7/06/2021
    Estoppel received: 7/09/2021
    Closing docs received: 07/20/2021
    Closing docs returned: 07/21/2021
    Seller's closing docs returned:
    Funds wired:
    Closing:
    Deed recorded:
    Contract Showing on Membership (new member):
    Points in account:

    Days Total: 36 so far...
     

    Bea

    Mouseketeer
    Joined
    Feb 16, 2000
    Ladybugsmum, We are dealing with the same broker and title company and submitted a few days earlier than you for ROFR. We just closed today 😁
     

    Tiberella626

    Mouseketeer
    Joined
    Jan 4, 2020
    Ladybugsmum, We are dealing with the same broker and title company and submitted a few days earlier than you for ROFR. We just closed today 😁
    Oh I am so jealous! We have been waiting on our sellers to return documents for 2 weeks today! Our closing is not scheduled until August 19th but we were really hoping they wouldn't drag it out 😬
     
    • Like
    Reactions: Bea

    LadybugsMum

    DIS Veteran
    Joined
    Jun 18, 2020
    Ladybugsmum, We are dealing with the same broker and title company and submitted a few days earlier than you for ROFR. We just closed today 😁
    Yay! That's good to hear (read). I'm hoping my sellers get their docs in tomorrow so I can wire the funds by 2pm on Friday.
     

    Bea

    Mouseketeer
    Joined
    Feb 16, 2000
    Yay! That's good to hear (read). I'm hoping my sellers get their docs in tomorrow so I can wire the funds by 2pm on Friday.
    Our closing was scheduled for August 26th 😁. Finger crossed your seller gets their documents in really soon!
     

    Lorana

    DIS Veteran
    Joined
    Jan 30, 2001
    Updated: Got the closing email yesterday afternoon after reaching out again for an update. Deed not yet recorded, and now just waiting for contract to appear!
    On the plus side, the broker said they will be sending me a $25 Disney Giftcard as an apology for the issues with the title company and lawyer actually completing the closing on time.

    Home: HHI
    Broker: www.****************.com
    Title Company: Mason
    Offer made: 5/14/2021
    Offer accepted: 5/15/2021 (1 day)
    Sent to ROFR: 5/20/2021 (5 days)
    Passed ROFR: 6/10/2021 (21 days)
    Estoppel Received: 6/25/2021 ? (15 days)
    Closing docs received: 6/25/2021 (15 days)
    Closing docs returned: 6/26/2021
    Sellers closing docs returned: 6/28/2021 (3 days from closing docs received)
    Paid Final Payment: 6/28/2021
    Closing: 7/21/2021 Was supposed to be 7/2 (26 days from closing docs received)
    Deed recorded:
    Contract Showing on Membership (new member):
    Points in account:

    TIME TOTAL: 63 days and counting...
    offer to ROFR Passing: 21 days
    ROFR passing to Closing: 41 days
    Closing to Points in Account: 1 day and counting...
     

    nicstress

    Earning My Ears
    Joined
    Apr 17, 2014
    Home Resort: AUL
    Broker: www.dvcresalemarket.com
    Title Company: First American
    Offer made: 6/5/2021
    Offer accepted: 6/7/2021
    Sent to ROFR: 6/10/2021
    Passed ROFR: 6/30/2021
    Estoppel Received:7/1/2021
    Closing docs received:7/2/2021
    Closing docs returned: 7/13/2021 (notarized)
    Sellers closing docs returned:
    Funds wired: 7/12/2021
    Closing:
    Deed recorded:
    Contract Showing on Membership:
    Points in account:

    So after I sent everything in I was told/reminded that we can't close until August 16 at the soonest. I say that because this was NOT mentioned in the listing AT ALL and I found it in the contract sent by the broker. Never once was this disclosed in an email either. And honestly I totally missed that when reading the contract (I was more focused on the points). But I have seen information like this mentioned all the time in an actual listing so I thought it was kind of crappy that this one didn't. 😒 It would have been nice to know that and I could have waited sending my money too. 🙄 So now I wait...
     

    Sandisw

    DVC Forums
    Moderator
    Joined
    Nov 15, 2008
    Home: BLT (I am the seller)
    Broker: www.dvcresalemarket.com
    Title Company: Magic Vacation Title
    Offer made: 5/21/2021
    Offer accepted: 5/21/2021
    Sent to ROFR: 5/22/2021
    Passed ROFR: 6/11/2021
    Estoppel Received: ?
    Closing docs received: 7/7/2021
    Closing docs returned: 7/17/21 ( buyer)
    Sellers closing docs returned:? 7/7/2021
    Closing: 7/21/2021
    Deed recorded: 7/22/2021
    Contract Removed from Membership:[/QUOTE]
     

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