Closing Time!!

[E2ME2]

Orange County Comptroller Document Search

Enter your name as grantee, and search. All deeds granted to you will be listed, with most recent at bottom of the list.

Awesome -- Thanks for the link!
All of my DVC listings came up

 

[jbreen2010]

Orange County Comptroller Document Search

Enter your name as grantee, and search. All deeds granted to you will be listed, with most recent at bottom of the list.

Thanks, this is very helpful! Makes me feel better that I can actually see my name on the deed with the state of florida!

 

[E2ME2]

Corrected & Updated.
Thanks again, Lorana for the link to the Deed Recording Site!
Just waiting on the Disney Magic for the final 2 steps.
Today (11/17) is Day#69

Home: BCV
Broker: www.fidelityresales.com
Title Company: FATC
Offer made: 9/9/2020
Offer accepted: 9/9/2020
Sent to ROFR: 9/16/2020
Passed ROFR: 10/29/2020
Closing docs received:11/05/2020
Closing docs returned: 11/05/2020
Seller returned closing docs: 11/11/2020
Closing: 11/12/2020
Deed recorded: 11/12/2020
Contract Showing on Membership:
Points in account:

 

[E2ME2]

Thanks, this is very helpful! Makes me feel better that I can actually see my name on the deed with the state of florida!

I started searching that Orange County site and, when I searched for Deeds where Disney is the Grantee, I saw quite a few RIVIERA Deeds.
Does that mean Disney bought Riviera through ROFR ? I thought they never bought back "New" resorts ??
I also never see any Riviera listed on the brokers updates to the ROFR list. & Although I was able to see the total sales price in the Deed,
I was not able to identify the number of points. Am I missing something, or is that not disclosed in the Deed?
This is all quite interesting to me!

 

[PaulW08]

I started searching that Orange County site and, when I searched for Deeds where Disney is the Grantee, I saw quite a few RIVIERA Deeds.
Does that mean Disney bought Riviera through ROFR ? I thought they never bought back "New" resorts ??
I also never see any Riviera listed on the brokers updates to the ROFR list. & Although I was able to see the total sales price in the Deed,
I was not able to identify the number of points. Am I missing something, or is that not disclosed in the Deed?
This is all quite interesting to me!

I think it's most likely that those examples are Disney acquiring those deeds back from people that have defaulted on their loans. I'm not 100% sure though.

 

[Lorana]

I was not able to identify the number of points. Am I missing something, or is that not disclosed in the Deed?
This is all quite interesting to me!

The number of points should be listed somewhere on the deed. They do not disclose original price per point or sales price, but you can figure it out by dividing deed tax by .007 to get the sales price, divide sales price by # points, to get the approximate price per point paid for the deed.

 

[E2ME2]

I think it's most likely that those examples are Disney acquiring those deeds back from people that have defaulted on their loans. I'm not 100% sure though.

Wow - would you think there would be many defaults for Riviera ??

 

[E2ME2]

The number of points should be listed somewhere on the deed. They do not disclose original price per point or sales price, but you can figure it out by dividing deed tax by .007 to get the sales price, divide sales price by # points, to get the approximate price per point paid for the deed.

Found It -- The lead in sentence is:
Purchaser's Ownership interest shall be symbolized as XXX Home Resort Vacation Points
I don't know how I missed it the first time -
THANKS Lorana!

 

[E2ME2]

The number of points should be listed somewhere on the deed. They do not disclose original price per point or sales price, but you can figure it out by dividing deed tax by .007 to get the sales price, divide sales price by # points, to get the approximate price per point paid for the deed.

STRIKE THAT - I found it on my Deeds, but at the OC Site, a "Short Form" Deed is displayed.
And i can't seem to find the number of points listed.

 

[IsamarV14]

Home: Vero Beach
Broker: www.fidelityresales.com
Title Company: First American
Offer made: 8/14/2020
Offer accepted: 8/21/2020
Sent to ROFR: 8/26/2020
Passed ROFR: 9/24/2020 ( 31 days)
Closing docs received: 10/8/2020
Closing docs returned: 10/8/2020 (via docusign)
Sellers closing docs returned: 10/20/2020 (wire sent 10/21/2020)
Closing: 10/21/2020
Deed recorded: 10/21/2020
Contract Showing on Membership: 11/09/2020 (19 days from closing)
Points in account: 11/18/2020


FINISHED! This is so exciting! (I did have to call MS, as our first trip is very very close with other reservations made) Most exciting is there was banked points we were not aware that they have, so extra points!!

Is my use year is August, does anyone know when I have to use 2019 banked points by? I know there's a lot of extensions/deadlines in place.

 

[ValW]

STRIKE THAT - I found it on my Deeds, but at the OC Site, a "Short Form" Deed is displayed.
And i can't seem to find the number of points listed.

A "Short Form Mortgage Agreement" is used when you finance through Disney. Does not mean they bought those points back. Typically the recorded date is the same as the Deed.

 

[Cabius]

Home: PVB
Broker: www.fidelityresales.com
Title Company: First American
Offer made: 10/16/2020
Offer accepted: 10/16/2020
Sent to ROFR: 10/22/2020
Passed ROFR: 11/4/2020 (19 days)
Closing docs received:
Closing docs returned:
Sellers closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

A 200-point add-on contract, having purchased 100 points direct earlier in October.

Posting here because I'm getting antsy for estoppel, and I hope that the somehow posting these dates will make them immediately obsolete. COME ON CLOSING DOCS!

 

[kerrylacherry]

Is my use year is August, does anyone know when I have to use 2019 banked points by? I know there's a lot of extensions/deadlines in place.

Congrats on being done!
The normal deadline would be 7/31/2021 for August UY, so I'd go by that or call and ask if there's an extension that applies. My resale is coming with banked 2019 points too, and I'm planning to go by the normal deadline to avoid tempting fate. YMMV.

 

[jbreen2010]

Our title agency told us that in 2-3 weeks from deed recording we should receive welcome info from DVC with our new member number assigned, etc. Tomorrow is 3 weeks and I haven't heard anything. I tried calling today and they said to just e-mail the administration team as they are all working from home....the representative mentioned that with furloughs, etc. that things are just taking a very long time.

I'm confused by that statement for DVC purposes - don't DVC owners pay maintenance fees that cover the cost of the DVC admin team? Were those cast members furloughed?

 

[Carrie932]

We passed ROFR quickly and got our closing docs today. The closing date listed is 12/31...I thought that typically once closing docs are sent and the funds are received that closing happens nearly immediately after...am I mistaken? My husband reached out to Title Co and they said that the 12/31 date is within the originally quoted 110 days but they will try to do it sooner. Seeing all of these posts where people are closing within a day or 2 of everything being signed and returned makes me wonder whats up here...any thoughts?

 

[IsamarV14]

We passed ROFR quickly and got our closing docs today. The closing date listed is 12/31...I thought that typically once closing docs are sent and the funds are received that closing happens nearly immediately after...am I mistaken? My husband reached out to Title Co and they said that the 12/31 date is within the originally quoted 110 days but they will try to do it sooner. Seeing all of these posts where people are closing within a day or 2 of everything being signed and returned makes me wonder whats up here...any thoughts?

They have been adding a "110 days to close" to be able to give all parties involved time to return all paperwork and such. So if everything runs smoothly and just as fast, you should before or by 12/31. My contract listed 110 days to close but I closed 1 day after funds and all closing documents were received.

 

[IsamarV14]

Congrats on being done!
The normal deadline would be 7/31/2021 for August UY, so I'd go by that or call and ask if there's an extension that applies. My resale is coming with banked 2019 points too, and I'm planning to go by the normal deadline to avoid tempting fate. YMMV.

Thank you much!!

 

[purrenh1]

Well, Lorana's post about the Orange County deed website turned out to be pretty exciting for me. I was able to go find that my deed for my AKV points was recorded _just today_! My broker had said the sellers were signing with a notary last Friday, but I kind of felt in no man's land about it. Very cool website. Searching my last name turned up records for (probably) distant relatives, too, which was strange.

 

[LucieR]

Home: Saratoga Springs Resort (SSR)
Broker: www.DVCstore.com
Title Company: Mason
Offer made: 9/19/2020
Offer accepted: 9/19/2020
Sent to ROFR: 9/24/2020 (5 days)
Passed ROFR: 10/30/2020 (36 days)
Closing docs received: 11/12/2020
Closing docs returned: 11/12/2020 (12 days)
Seller returned closing docs: ???
Closing: 11/16/2020
Deed recorded: 11/18/2020 (6 days)
Contract Showing on Membership: TBD
Points in account: TBD

59 days so far... but this could be the worst wait yet... fingers crossed not too long now xxx

 

[Lorana]

STRIKE THAT - I found it on my Deeds, but at the OC Site, a "Short Form" Deed is displayed.
And i can't seem to find the number of points listed.

A "Short Form Mortgage Agreement" is used when you finance through Disney. Does not mean they bought those points back. Typically the recorded date is the same as the Deed.

If you are financing, you won't see the full deed recorded in your name until after you've paid off the mortgage, I believe.