Closing Time!

[DisneyMom0604]

How long does it usually take for the deed to show up in the county records? It should have been sent this past Monday or Tuesday, but I haven't found the recorded deed yet.

 

[DonMacGregor]

Update: Final

Home Resort: AUL
Broker: https://www.fidelityresales.com/
Title Company: https://www.firstam.com
Offer made: 9/27
Offer accepted: 9/27
Sent to ROFR: 10/3
Passed ROFR: 10/17
Closing docs received (buyer): 10/19
Closing docs returned (buyer): 10/19
Closing docs returned (seller): 10/27 (received 10/30)
Closing: 11/1
Deed recorded: 11/2
Contract Showing on Membership (existing member): 11/11 (9 days after recording)
Points in account: 11/12 (did not call)

Days Total: 46

*AUL50

 

[DonMacGregor]

How long does it usually take for the deed to show up in the county records? It should have been sent this past Monday or Tuesday, but I haven't found the recorded deed yet.

Which resort/county?

 

[DisneyMom0604]

Which resort/county?

Old Key West; Orange County, FL

 

[DonMacGregor]

Old Key West; Orange County, FL

My experience has been if the deed is recorded in the morning, it will show up later that day. If it is recorded later in the day, it's usually displayed the next day before noon.

 

[DonMacGregor]

Update #3

Home Resort: AUL
Broker: https://www.dvcstore.com
Title Company: https://www.firstam.com
Offer made: 10/8
Offer accepted: 10/8
Sent to ROFR: 10/11
Passed ROFR: 10/27
Closing docs received (buyer): 11/1 (second attempt)
Closing docs returned (buyer): 11/2 (received 11/6)
Closing docs returned (seller): 11/9
Closing: 11/13
Deed recorded: 11/13
Contract Showing on Membership (existing member):
Points in account:

Days Total: 36

*AUL75

 

[huddman69]

Still waiting on the sellers to turn in their documents.

Still waiting on the sellers to turn in their documents. Is that a long time or am I just impatient?

Home Resort: BWV
Broker: dvcresalemarket.com
Title Company: magicvacationtitle.com
Offer made: 9/29
Offer accepted: 9/30
Sent to ROFR: 10/3
Passed ROFR: 10/17
Closing docs received (buyer): 10/24
Closing docs returned (buyer): 11/3
Closing docs returned (seller): ?
Closing:
Deed recorded:
Contract Showing on Membership (existing member): New member
Points in account:

 

[Sandisw]

Still waiting on the sellers to turn in their documents. Is that a long time or am I just impatient?

Home Resort: BWV
Broker: dvcresalemarket.com
Title Company: magicvacationtitle.com
Offer made: 9/29
Offer accepted: 9/30
Sent to ROFR: 10/3
Passed ROFR: 10/17
Closing docs received (buyer): 10/24
Closing docs returned (buyer): 11/3
Closing docs returned (seller): ?
Closing:
Deed recorded:
Contract Showing on Membership (existing member): New member
Points in account:

It’s longer than typical but not yet out of the realm of what we have seen.

 

[huddman69]

Home Resort: BWV
Broker: dvcresalemarket.com
Title Company: magicvacationtitle.com
Offer made: 9/29
Offer accepted: 9/30
Sent to ROFR: 10/3
Passed ROFR: 10/17
Closing docs received (buyer): 10/24
Closing docs returned (buyer): 11/3
Closing docs returned (seller): ?
Closing:
Deed recorded:
Contract Showing on Membership (existing member): New member
Points in account:

Still Waiting

 

[intamin]

Still Waiting

Oof. I would complain, however, if it's still within the closing date then its still within their right to do so. But if it extends past the must close by date then I would cancel or ask for a significant discount.

 

[Sandisw]

Oof. I would complain, however, if it's still within the closing date then its still within their right to do so. But if it extends past the must close by date then I would cancel or ask for a significant discount.

The piece is that there isn't much they can do in terms of a credit. Any changes to the deal would trigger it to go back to DVD for ROFR....that is why the only recourse a buyer has, when it does go past that date, is to cancel the sale.

But, if someone will really walk away, then its always good to let both the broker and title company know that will happen so they can reach out to the seller and make them aware...I know thta is what motivated my seller after 3 weeks...and I was going to walk two weeks before the closing date and lose the deposit....

 

[huddman69]

The piece is that there isn't much they can do in terms of a credit. Any changes to the deal would trigger it to go back to DVD for ROFR....that is why the only recourse a buyer has, when it does go past that date, is to cancel the sale.

But, if someone will really walk away, then its always good to let both the broker and title company know that will happen so they can reach out to the seller and make them aware...I know thta is what motivated my seller after 3 weeks...and I was going to walk two weeks before the closing date and lose the deposit....

Contacted broker and he said he is going to do everything in his power to get contract closed this week. Crossing my fingers.

 

[DonMacGregor]

Update #4 WOOT WOOT!!!!

Home Resort: AUL
Broker: https://www.dvcstore.com
Title Company: https://www.firstam.com
Offer made: 10/8
Offer accepted: 10/8
Sent to ROFR: 10/11
Passed ROFR: 10/27
Closing docs received (buyer): 11/1 (second attempt)
Closing docs returned (buyer): 11/2 (received 11/6)
Closing docs returned (seller): 11/9
Closing: 11/13
Deed recorded: 11/13
Contract Showing on Membership (existing member): 11/15
Points in account:

Days Total: 38

*AUL75

Yup, you read that correctly. The contract that RECORDED Monday (11/13) appeared on my dashboard THIS MORNING! I don't think I've ever seen anything that fast!

 

[DisneyMom0604]

How long does it usually take for the deed to show up in the county records? It should have been sent this past Monday or Tuesday, but I haven't found the recorded deed yet.

I have searched and searched for the recorded deed and can not find it. I reached out to my closing agent to check in and was told it may take a couple days, but it has been over a week since it should have been sent and recorded. Am I missing something or not searching correctly? Honestly, it's making me a little nervous at this point.

 

[DonMacGregor]

Update #5 UNBELIEVEABLE!!!!

Home Resort: AUL
Broker: https://www.dvcstore.com
Title Company: https://www.firstam.com
Offer made: 10/8
Offer accepted: 10/8
Sent to ROFR: 10/11
Passed ROFR: 10/27
Closing docs received (buyer): 11/1 (second attempt)
Closing docs returned (buyer): 11/2 (received 11/6)
Closing docs returned (seller): 11/9
Closing: 11/13
Deed recorded: 11/13
Contract Showing on Membership (existing member): 11/15
Points in account: 11/15

Days Total: 38

*AUL75

Yup, you read that correctly. The contract that RECORDED Monday (11/13) appeared on my dashboard THIS MORNING! I don't think I've ever seen anything that fast!

Ok, this is bonkers. The contract that just closed Monday and already appeared on my dashboard this morning, already has points loaded! What???



Has this ever happened to anyone else?

Oh yeah, and there are 2021 points still sitting in the contract. I have what, 15 days to use them? LOL

 

[Matty B13]

Update #5 UNBELIEVEABLE!!!!

Home Resort: AUL
Broker: https://www.dvcstore.com
Title Company: https://www.firstam.com
Offer made: 10/8
Offer accepted: 10/8
Sent to ROFR: 10/11
Passed ROFR: 10/27
Closing docs received (buyer): 11/1 (second attempt)
Closing docs returned (buyer): 11/2 (received 11/6)
Closing docs returned (seller): 11/9
Closing: 11/13
Deed recorded: 11/13
Contract Showing on Membership (existing member): 11/15
Points in account: 11/15

Days Total: 38

*AUL75

Yup, you read that correctly. The contract that RECORDED Monday (11/13) appeared on my dashboard THIS MORNING! I don't think I've ever seen anything that fast!

Ok, this is bonkers. The contract that just closed Monday and already appeared on my dashboard this morning, already has points loaded! What???

View attachment 810723

Has this ever happened to anyone else?

Oh yeah, and there are 2021 points still sitting in the contract. I have what, 15 days to use them? LOL

View attachment 810725

Rent them for $10/point you will probably sell them all my the end of the day.

 

[DonMacGregor]

Rent them for $10/point you will probably sell them all my the end of the day.

They expire in 15 days. That might be a tough call.

 

[Matty B13]

They expire in 15 days. That might be a tough call.

You would be surprised!!! I think I sold 150 points in under 3 days when I got my first fully loaded contract.

 

[DonMacGregor]

You would be surprised!!! I think I sold 150 points in under 3 days when I got my first fully loaded contract.

Oh, I agree. I've rented out points the same day they loaded before, with these the problem is they need to be USED in 15 days,

 

[DisneyMom0604]

Nvm I am impatient and figured out how to get it thanks to this forum. Go to chat. Answer no. Talk to a super nice guide over chat

Were you able to get your member number over chat? I'm waiting for the 2nd email at this point with the membership ID.