Come on Estoppel!!!!

[Rando_D]

Huh, interesting. We paid cash, did not need a notary, so maybe it's still true. I noticed the sellers need a notary.

We paid cash and no notary was needed for us. Our Sellers had to have their documentation notarized.

 

[Rando_D]

And just wanted to say...

I like these threads. They have been really helpful to understanding the process.

So thank you to the powers that be who are maintaining them.

 

[Rando_D]

I don't think the broker is the problem. I think it is our title company. Duncan Title. It seems like when our broker calls them miraculously they "just" received the info they needed from Disney. The closing date on our contract was 5/15!

That was the date on our contract as well and it finally just closed. Hopefully yours does too.

 

[Rando_D]

So we have the same title company, I was told no later than today for the closing paperwork. I work nights so i set an alarm to get up so I could go to the bank and get money. Did we get the documents no, I called was told she was out on a family emergency. This is the same woman who sent me someone else's closing documents. I am so over it, I just want my points.

just reading these comments and seeing how several of us are suffering through the same frustrations with this particular title company. hopefully, we will all be able to have these deals wrapped up soon.

 

[Westy239]

just reading these comments and seeing how several of us are suffering through the same frustrations with this particular title company. hopefully, we will all be able to have these deals wrapped up soon.

I am also in the process of waiting on the same title company. I was relieved when the contract passed Disney quickly, but now reading of your experience getting a little nervous about the whole process.

 

[Westy239]

Have to say how grateful I am for these forums also. So helpful for a first timer. Thanks to all who are patient and so willing to share info

 

[Rando_D]

I am also in the process of waiting on the same title company. I was relieved when the contract passed Disney quickly, but now reading of your experience getting a little nervous about the whole process.

I hope yours goes more smoothly. It seemed to me they were just overwhelmed with volume maybe? Maybe people who had contracts that came out of ROFR later will not have as many issues.

 

[Neytiri411]

I hope yours goes more smoothly. It seemed to me they were just overwhelmed with volume maybe? Maybe people who had contracts that came out of ROFR later will not have as many issues.

Yes, I wondered the same exact thing. There were SO many contracts up prior to the past 2-4 weeks. I imagine they had a hard time keeping up. Sounds like ROFR is so much quicker now, maybe estoppel will be over time also?

 

[Neytiri411]

Oh boy. Shouldn't have popped on this thread. I see estoppel is taking a long time these days...ugghh.

I am waiting on my BWV...
Offer on 5/22
Sent to ROFR on 5/24
Passed on 6/2
Waiting for closing papers...Magic Vacation Title

I'm hoping it'll speed up the way ROFR did now that there's less contracts out there. Good luck!

 

[dsnydaddy]

Oh boy. Shouldn't have popped on this thread. I see estoppel is taking a long time these days...ugghh.

I am waiting on my BWV...
Offer on 5/22
Sent to ROFR on 5/24
Passed on 6/2
Waiting for closing papers...Magic Vacation Title

Our timelines are very much the same. We are through Magic Vacation Title as well.

 

[lovin'fl]

Our timelines are very much the same. We are through Magic Vacation Title as well.

well, we'll be on the wait together

 

[Spartan86]

So we just completed our closing Paperwork from First American Title. Per the email we went ahead and had our signatures notarized. No biggie, we were at the bank anyway and it is free. But I shot off an email today asking about it and the response was:

"Since this transaction is a cash deal, your documents do not require a notary only the seller documents. If this transaction was financed, buyer and seller documents would require a notary."

 

[Marriedbythemouse]

Home: HH
Offer made & accepted: 5/5
Sent to ROFR: 5/8
Passed ROFR: 5/19
Closing docs received:6/12
Sending them back: 6/13

I can almost see the light at the end of the tunnel!
Does anyone know how long it takes to get the points if you are already a member?
Its a different resort and use year so it will be a second contract.
Thanks!!

 

[lovin'fl]

Home: HH
Offer made & accepted: 5/5
Sent to ROFR: 5/8
Passed ROFR: 5/19
Closing docs received:6/12
Sending them back: 6/13

I can almost see the light at the end of the tunnel!
Does anyone know how long it takes to get the points if you are already a member?
Its a different resort and use year so it will be a second contract.
Thanks!!

You probably have another month, from when it closes. Since new UY you get a new membership #, it will take a tad longer than if you got same UY and deeded same.

 

[keishashadow]

So we just completed our closing Paperwork from First American Title. Per the email we went ahead and had our signatures notarized. No biggie, we were at the bank anyway and it is free. But I shot off an email today asking about it and the response was:

"Since this transaction is a cash deal, your documents do not require a notary only the seller documents. If this transaction was financed, buyer and seller documents would require a notary."

We did online processing with them. Called to confirm, told no need to have signatures notarized as cash purchase

 

[Spartan86]

We did online processing with them. Called to confirm, told no need to have signatures notarized as cash purchase

Yeah was no big deal but that should have been clearer. Our closing email said "notarized signatures". Should say " if financing".

 

[emcael]

We were told no notary for buyer but seller required notary

 

[emcael]

We have been having all kinds of trouble. We are current owners adding on VGF 130 point contract
timeline
Offer accepted 3/21
Passed ROFR 4/14
Closing docs received by me 5/1
My closing docs and certified check received by title company 5/4
Sellers docs received ??? I was told 5/30 but when I inquired today about it they said oh it was 6/9
Deed filed and points transferred????

Throughout this the broker and title company have only contacted me when I have asked questions or complained. They said the seller had 90 days from acceptance to return the closing docs. I felt it was really unacceptable to take a month for the seller to return the docs. The title company has no timeline they are required to follow. I wish I knew this. Was there anything I could have done about this? Can closing sooner be negotiated? I paid full ask and now have missed 11 month bookings for Christmas and marathon weekend. The booking agent basically said "oh well title companies are really busy" The person at the title company handling our contract has left.

 

[bbluvsdis]

We have been having all kinds of trouble. We are current owners adding on VGF 130 point contract
timeline
Offer accepted 3/21
Passed ROFR 4/14
Closing docs received by me 5/1
My closing docs and certified check received by title company 5/4
Sellers docs received ??? I was told 5/30 but when I inquired today about it they said oh it was 6/9
Deed filed and points transferred????

Throughout this the broker and title company have only contacted me when I have asked questions or complained. They said the seller had 90 days from acceptance to return the closing docs. I felt it was really unacceptable to take a month for the seller to return the docs. The title company has no timeline they are required to follow. I wish I knew this. Was there anything I could have done about this? Can closing sooner be negotiated? I paid full ask and now have missed 11 month bookings for Christmas and marathon weekend. The booking agent basically said "oh well title companies are really busy" The person at the title company handling our contract has left.

Out of curiosity is Duncan Title handling your closing? Our timeline is similar to yours. We accepted an offer on 3/23 and still do not have our money from the sale. The title company does not answer emails or phone calls. I don't understand how the sale of a timeshare can take 3 months when I can buy a house much quicker. If they are so swamped maybe they need to hire more people! The last thing I heard was "hopefully" the deed will be recorded by last Friday.

 

[Rando_D]

FYI I was told that the title company was recording my deed (finally). I was able to confirm on the site that it was recorded early Friday morning. However, I have not received confirmation that they actually sent it to Disney yet. It would not surprise me that they would sit on it for a few days before sending as pretty much the whole process appears that they drag their feet between each step.