Closing Time!! 2021 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 😬
 
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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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