Closing Time!!

[macman123]

Time for points to be added certainly appears to be quicker now. It was 2-3 weeks but appears to only be days........

 

[IsamarV14]

Time for points to be added certainly appears to be quicker now. It was 2-3 weeks but appears to only be days........

I agree! Gets me super pumped knowing I just closed on a resale contract.

 

[lea2124]

Home: BLT
Broker: www.**********.com
Title Company: Mason Title and Escrow Company
Offer made: 9/6/2020
Offer accepted: 9/7/2020
Sent to ROFR: 9/8/2020
Passed ROFR: 10/19/2020
Closing docs received: 10/22/2020
Closing docs returned: 10/23/2020
Sellers closing docs returned:
Closing:
Deed Recorded:
Contract showing on Membership:
Points in account:

 

[Lorana]

Updated: I do love how quickly Mason gets closing docs out! 2 days after ROFR, and closing docs received. Now waiting on seller to return so we can close!

Home: Saratoga Springs Resort (SSR) -- Small Resale Contract #2
Broker: FidelityResales.com
Title Company: Mason
Offer made: 9/5/2020
Offer accepted: 9/6/2020
Offer contract received and sent in with deposit: 09/11/2020
Seller returned offer contract: 09/14/2020
Sent to ROFR: 09/14/2020 (9 days)
Passed ROFR: 10/21/2020 (37 days)
Closing docs received: 10/23/2020 (2 days)
Closing docs returned: 10/23/2020
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

TIME TOTAL: 48 days and counting...
offer to ROFR: 46 days
ROFR passing to Closing: 2 days and counting...
Closing to Points in Account:


******
Here is my experience so far, as I’ve done numerous mostly small contracts:

Closed Contracts (offer to points in account):

BRV Resale - 43 days - www.FidelityResales.com / Mason
AKL Resale #1 - 49 days - www.DVCbyResale.com / Mason
AKL Resale #2 - 40 days - www.DVCStore.com / Mason
AKL Resale #3 - 80 days - www.DVCResaleMarket.com / Magic Vacation Title (start of Covid, Feb-May)
CCV Resale #1 - 91 days - www.FidelityResales.com / Mason (Covid, end-May to end-August)
SSR Resale #1 - 120 days - www.*************.com / TRCS (Covid, May to September)
CCV Resale #2 - 86 days - www.*************.com / TRCS (Covid, July to October)
CCV Small Resale #3 - 87 days - www.FidelityResales.com / Mason (Covid, July to October)

In progress:
SSR Small Resale #2 - www.FidelityResales.com / Mason - 48 days so far, waiting for closing (offer made 9/5, sent to ROFR 9/14, passed ROFR 10/21)
HHI Small Resale - www.*******.com / Hayes Title - 36 days so far, waiting for ROFR (offer made 9/17, sent to ROFR 9/21)
VGC Small Resale #1 & #2 - www.FidelityResales.com / First American - 33 total days so far, waiting for ROFR (offer made 9/20, sent to ROFR 9/25)

 

[lea2124]

Updated: I do love how quickly Mason gets closing docs out! 2 days after ROFR, and closing docs received. Now waiting on seller to return so we can close!

Home: Saratoga Springs Resort (SSR) -- Small Resale Contract #2
Broker: FidelityResales.com
Title Company: Mason
Offer made: 9/5/2020
Offer accepted: 9/6/2020
Offer contract received and sent in with deposit: 09/11/2020
Seller returned offer contract: 09/14/2020
Sent to ROFR: 09/14/2020 (9 days)
Passed ROFR: 10/21/2020 (37 days)
Closing docs received: 10/23/2020 (2 days)
Closing docs returned: 10/23/2020
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

TIME TOTAL: 48 days and counting...
offer to ROFR: 46 days
ROFR passing to Closing: 2 days and counting...
Closing to Points in Account:


******
Here is my experience so far, as I’ve done numerous mostly small contracts:

Closed Contracts (offer to points in account):

BRV Resale - 43 days - www.FidelityResales.com / Mason
AKL Resale #1 - 49 days - www.DVCbyResale.com / Mason
AKL Resale #2 - 40 days - www.DVCStore.com / Mason
AKL Resale #3 - 80 days - www.DVCResaleMarket.com / Magic Vacation Title (start of Covid, Feb-May)
CCV Resale #1 - 91 days - www.FidelityResales.com / Mason (Covid, end-May to end-August)
SSR Resale #1 - 120 days - www.*************.com / TRCS (Covid, May to September)
CCV Resale #2 - 86 days - www.*************.com / TRCS (Covid, July to October)
CCV Small Resale #3 - 87 days - www.FidelityResales.com / Mason (Covid, July to October)

In progress:
SSR Small Resale #2 - www.FidelityResales.com / Mason - 48 days so far, waiting for closing (offer made 9/5, sent to ROFR 9/14, passed ROFR 10/21)
HHI Small Resale - www.*******.com / Hayes Title - 36 days so far, waiting for ROFR (offer made 9/17, sent to ROFR 9/21)
VGC Small Resale #1 & #2 - www.FidelityResales.com / First American - 33 total days so far, waiting for ROFR (offer made 9/20, sent to ROFR 9/25)

Yeah agreed. They said it could take 2 weeks but literally 2 days later! Just got to hope the sellers are quick to return. Not going to lie I really want the points before the end of November (banking deadline) just in case the sellers forgot to bank the points like we asked. Then we'll have 170 points to rent out. That'll help pay for the first year's dues. Fingers crossed.

 

[PaulW08]

So seeing recorded dates of 10/6 and 10/7 showing up in accounts on dates 10/18 and 10/19 respectively drove me slightly crazy. I have a 10/8 recorded date. Really thought I was going to see my 10/8 show up this week in my account, but it has been a no show.

So this is my obligatory post to complain, so it will magically show up Monday!

 

[Llama mama]

So seeing recorded dates of 10/6 and 10/7 showing up in accounts on dates 10/18 and 10/19 respectively drove me slightly crazy. I have a 10/8 recorded date. Really thought I was going to see my 10/8 show up this week in my account, but it has been a no show.

So this is my obligatory post to complain about so it will magically show up Monday!

IKR
I am 10/12 crossing my fingers. Dates seemed to be clipping by . Hopefully in the next week .
I think they work on weekends too. I have seen people post that they received their points on Saturday.

 

[Kylie_1504]

So seeing recorded dates of 10/6 and 10/7 showing up in accounts on dates 10/18 and 10/19 respectively drove me slightly crazy. I have a 10/8 recorded date. Really thought I was going to see my 10/8 show up this week in my account, but it has been a no show.

So this is my obligatory post to complain, so it will magically show up Monday!

Haha I also have a 10/8 recorded deed date so have been checking all the time. Next week is our week!!!

 

[Stargazer65]

Home: Saratoga Springs Resort (SSR)
Title Company: Magic Vacation Title
Sent: 8/20
Passed ROFR: 9/22
Closing: 10/6
Contract Showing on Membership: 10/23
Points in account:

Moving along pretty well. MA email yesterday said allow 7-10 business says for points to show.

 

[lea2124]

Can I just ask - does the time tend to be quicker if you are already a DVC member (from recording the deed to points showing in the account)? We already have Saratoga Springs and are adding Bay Lake Tower. Both the same Use Year.

Thanks

 

[Spinster Travel]

Can I just ask - does the time tend to be quicker if you are already a DVC member (from recording the deed to points showing in the account)? We already have Saratoga Springs and are adding Bay Lake Tower. Both the same Use Year.

Thanks

Not sure....I closed on the 24th of September with the deed being recorded same day. It was 13 total days (not business days) before my contract was loaded and then 8 days more for the points. The waiting is agony

 

[Stargazer65]

Can I just ask - does the time tend to be quicker if you are already a DVC member (from recording the deed to points showing in the account)? We already have Saratoga Springs and are adding Bay Lake Tower. Both the same Use Year.

Thanks

I don't know, I haven't heard any correlation. I'm the opposite, current BLT, adding SSR same use year.

The idea sounds like a new thread title haha, you can start it.

 

[lovethesun12]

Can I just ask - does the time tend to be quicker if you are already a DVC member (from recording the deed to points showing in the account)? We already have Saratoga Springs and are adding Bay Lake Tower. Both the same Use Year.

Thanks

I just recently became a new member and didn't make note of my dates all along so didn't post here, but I think it's moving a lot faster. It took two weeks for my points to show up in my account after the deed was recorded.

 

[macman123]

Home: SSR
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 8/15/2020
Offer accepted: 8/15/2020
Sent to ROFR: 8/16/2020
Passed ROFR: 09/17/2020
Closing docs received: 10/01/2020
Closing docs returned: 10/01/2020
Sellers closing docs returned:
Closing:
Deed Recorded:
Contract showing on Membership:
Points in account:

Im still waiting for the seller to send the closing docs back. Sadly I have already sent the wire to the Title Co.......

 

[lea2124]

Home: SSR
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 8/15/2020
Offer accepted: 8/15/2020
Sent to ROFR: 8/16/2020
Passed ROFR: 09/17/2020
Closing docs received: 10/01/2020
Closing docs returned: 10/01/2020
Sellers closing docs returned:
Closing:
Deed Recorded:
Contract showing on Membership:
Points in account:

Im still waiting for the seller to send the closing docs back. Sadly I have already sent the wire to the Title Co.......

Oh no what a pita! Has a reason been given? You'd think as they wanted to sell they'd be quicker with returning the documents! Hope it speeds up soon.

 

[macman123]

Oh no what a pita! Has a reason been given? You'd think as they wanted to sell they'd be quicker with returning the documents! Hope it speeds up soon.

None given. I asked were they aware I had paid the wire, and the Title Co said no, they wouldn't tell them unless asked.

It then turned out Friday they sent back the Deed wrong. So they need to do it again

I had another contract which passed ROFR the same day as this and I had those points in my account last week!

 

[Lorana]

None given. I asked were they aware I had paid the wire, and the Title Co said no, they wouldn't tell them unless asked.

It then turned out Friday they sent back the Deed wrong. So they need to do it again

I had another contract which passed ROFR the same day as this and I had those points in my account last week!

I'm so sorry about this! I had this happen to me, too, where I sent the final payment in, and then the sellers took nearly a month to return the closing docs! I got advice from this board to request the title company tell me when the seller returns closing docs before I send in my final payment, and that's what I've been doing from then on. Which is good, because I did have a recent situation where again the seller took 3 weeks to get the closing docs in!

 

[lea2124]

I'm so sorry about this! I had this happen to me, too, where I sent the final payment in, and then the sellers took nearly a month to return the closing docs! I got advice from this board to request the title company tell me when the seller returns closing docs before I send in my final payment, and that's what I've been doing from then on. Which is good, because I did have a recent situation where again the seller took 3 weeks to get the closing docs in!

We sent our money in when we returned the closing documents too. Now I'm worried they'll take ages! The extra pressure for us is the $/£ exchange rate. It was $1.31 yesterday instead of $1.26 which has meant we saved £500. Fingers crossed they get it sorted ASAP for you.

 

[kerrylacherry]

Updated: I do love how quickly Mason gets closing docs out! 2 days after ROFR, and closing docs received. Now waiting on seller to return so we can close!

Yeah agreed. They said it could take 2 weeks but literally 2 days later! Just got to hope the sellers are quick to return. Not going to lie I really want the points before the end of November (banking deadline) just in case the sellers forgot to bank the points like we asked. Then we'll have 170 points to rent out. That'll help pay for the first year's dues. Fingers crossed.

Lucky! I passed ROFR on the 19th, and have not received closing docs from Mason yet. The universe is testing my admittedly limited patience and impulse control. And here I thought I could handle the resale wait... not so much as it turns out

Congrats and here's to your sellers returning their papers quickly!

 

[Sandisw]

Can I just ask - does the time tend to be quicker if you are already a DVC member (from recording the deed to points showing in the account)? We already have Saratoga Springs and are adding Bay Lake Tower. Both the same Use Year.

Thanks

Did not for men took 5 weeks from deed to showing up in my membership