Closing Time!

[VegasDisneyMom]

I just received the closing docs for my first resale contract. Does everyone’s contract have a charge for title search and insurance? I understand title search, but why insurance? TIA

 

[KVacc]

I just received the closing docs for my first resale contract. Does everyone’s contract have a charge for title search and insurance? I understand title search, but why insurance? TIA

are you talking about what fees are listed in the closing statement? If so, we dont have title search

 

[VegasDisneyMom]

are you talking about what fees are listed in the closing statement? If so, we dont have title search

Yes, that’s what I’m talking about. Mine says: “Title Seach and Insurance: First American” I wonder if it’s a California thing.

 

[KVacc]

Yes, that’s what I’m talking about. Mine says: “Title Seach and Insurance: First American” I wonder if it’s a California thing.

Ours says "Owners Title Insurance to Magic Vacation Title"

 

[VegasDisneyMom]

Ours says "Owners Title Insurance to Magic Vacation Title"

Oh ok. I guess it’s normal then. Thanks for responding.

 

[bigorsmall]

Update:

Home Resort: AUL
Broker: ******************
Title Company: First American Title
Offer made: 1/7/2022
Offer accepted: 1/8 (1 day)
Sent to ROFR: 1/11 (3 days)
Passed ROFR: 1/26 (15 days)
Closing docs received: 2/8 (22 days)
Closing docs returned: 2/16 ( 8days)
Closing: 2/24/2022 ( 8days)
Deed recorded: 2/24/2022 ( 8days)
Contract Showing on Membership (existing member):
Points in account:

Days Total:

First American Title was outstanding for communicating.

 

[John Gry]

Update: Closing Documents

Home Resort: AKL
Broker:DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 01/30/2022
Offer accepted: 01/31/2022
Sent to ROFR: 02/01/2022
Passed ROFR: 02/24/2022
Estoppel Issued: 02/24/22
Closing docs received: 02/25/22
Closing docs returned: 02/26/22
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

 

[JoeDisney247365]

Was looking over these timelines as we wait to close on our resale. We sent back the documents immediately. Noticed it often takes the seller more time in many cases. I get that things come up and some cases are more complicated than others. Was wondering if the seller documents need to be notarized or not? Hoping to get this done and points loaded before April 1st as that ends our home resort window for the vacation we want to book. Thanks!

 

[Sandisw]

Was looking over these timelines as we wait to close on our resale. We sent back the documents immediately. Noticed it often takes the seller more time in many cases. I get that things come up and some cases are more complicated than others. Was wondering if the seller documents need to be notarized or not? Hoping to get this done and points loaded before April 1st as that ends our home resort window for the vacation we want to book. Thanks!

Yes, sellers need to get things notarized,

 

[JoeDisney247365]

Yes, sellers need to get things notarized,

Thanks! I figured so but was hoping not to possibly speed things up.

 

[John Gry]

Home Resort: Cooper Creek Villas
Broker: https://www.fidelityrealestate.com
Title Company: First American Title Insurance
Offer made: 2/02/2022
Offer accepted: 2/02/2022
Sent to ROFR: 2/07/2022
Passed ROFR: 2/28/2022
Closing docs received:
Closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[2Infinity&Beyond]

Update #1

Home Resort: PVB
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 1/28/22
Offer accepted: 1/28/22
Sent to ROFR: 1/31/22
Passed ROFR: 2/18/22
Closing docs received: 2/25/22
Closing docs returned: 2/28/22
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

 

[ITGirl50]

Still waiting for the points. . I chatted with them today because it’s been a week since our contract was added and an existing member. I was told 10 days and if we bought direct we would get our points fast. That made me so angry since we have spent $100k on direct points and this is to supplement those points. Every day that passes I’m getting more and more unhappy with Disney and their customer support. End of rant….

Home Resort: BLT
DVC Resale Market
Title Company: Magic Vacation Title
Offer made:1/5
Offer accepted: 1/5
Sent to ROFR:1/7
Passed ROFR: 1/20
Closing docs received: 1/28
Closing docs returned: 1/31 buyer, 2/1 seller
Closing: 2/1
Deed recorded: 2/3
Contract showing: (existing member) 2/22
Points in account:

 

[DVChris]

Still waiting for the points. . I chatted with them today because it’s been a week since our contract was added and an existing member. I was told 10 days and if we bought direct we would get our points fast. That made me so angry since we have spent $100k on direct points and this is to supplement those points. Every day that passes I’m getting more and more unhappy with Disney and their customer support. End of rant….

Ask for someone else. I used chat the day after my resale appeared last week and the first person told me I had to wait 10 days (it seemed like a prepared, canned answer that they pasted into my chat). I asked to speak with someone else then they put me on hold for several minutes and loaded my points. Hopefully it will work for you too.

 

[DonMacGregor]

Update #8:

Home Resort: Boulder Ridge
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 12/27/21
Offer accepted:12/27/21
Sent to ROFR:12/30/21
Passed ROFR: 1/14/22
Estoppel Issued: 1/14/22
Closing docs received: 1/17/22
Closing docs returned buyer: 1/19/22
Seller returned closing docs: 2/9/22
Closing: 2/11/22
Deed recorded: 2/15/22
Contract Showing on Membership (existing member): 3/1/22
Points in account:

Days Total: 65 and counting
Offer made to ROFR passing: 18 (including holidays)
ROFR passing to closing: 29
Closing to points in account:

 

[KVacc]

UPDATE #1:

Home Resort: CCV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 12/10/21
Offer accepted: 12/10/21 (0 days)
Sent to ROFR: 12/20/21 (10 days)
Passed ROFR: 1/25/22 (36 days)
Closing docs received: 2/1/2022 (7 days)
Closing docs returned: 2/5/2022 (4 days)
Seller closing docs returned: 3/1/2022 (28 days)
Closing: 3/2/2022
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

Today was the last day we had to close, I thought we were going to be looking for another contract

 

[John Gry]

Update #1: Closing Docs

Home Resort: Copper Creek Villas I (CCV)
Broker:DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 02/01/2022
Offer accepted: 02/01/2022
Sent to ROFR: 02/02/2022
Passed ROFR: 02/24/2022
Estoppel received: 02/24/22
Closing docs received: 03/02/2022
Closing docs returned: 03/02/2022
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

 

[Goofyismybf]

Good morning all! I am waiting for my poly resale contract to wrap up. I had the membership added to my current account on March 1st but no points yet. My last contract it was very shortly after they added it. How are y’all contacting to ask them to push it through? Member services said they couldn’t help me and for me email administration. I don’t see a live chat option.

 

[Lorana]

UPDATE: FINALLY CLOSED. Closing docs were delayed 21 days because there were 8 sellers, so they did a Power of Attorney so only one signature was needed, and it took 3 weeks to get the POA set up. You'd think that meant that would mean a fast turn around of closing docs, right? NOPE. But it's finally closed, and now I'm just waiting for the contract to appear and my points to get loaded.

Home Resort: Animal Kingdom Lodge (AKV)
Broker: www.dvcstore.com
Title Company: Mason Title
Offer made: 12/15/2021
Offer accepted: 12/17/2021 (2 days)
Sent to ROFR: 12/26/2021 (9 days)
Passed ROFR: 1/13/2022 (18 days)
Estoppel Received: ?
Closing docs received: 2/3/2022 (21 days)
Closing docs returned: 2/4/2022 (1 day)
Seller returned closing docs: 2/24/2022 (21 days)
Closing: 2/28/2022
Deed recorded: 3/1/2022
Contract Showing on Membership:
Points in account:

Days Total: 78 days and counting...
offer made to ROFR passing: 29 days
ROFR passing to closing: 46 days
closing to points in account: 3 days and counting...

 

[Lorana]

Update: I seem to have the worst luck with sellers returning closing docs, but this one is also finally closed! Now for the contract to be added and points to be loaded.

Home Resort: Polynesian Villas & Bungalows (PVB)
Broker: www.dvcresales.com
Title Company: Mason Title
Offer made: 1/17/2022
Offer accepted: 11/17/2022 (0 days)
Sent to ROFR: 11/17/2022 (0 days)
Passed ROFR: 2/2/2022 (16 days)
Estoppel Received: 2/2/2022 (0 days)
Closing docs received: 2/2/2022 (0 days)
Closing docs returned: 2/4/2022 (2 days)
Seller returned closing docs: 2/24/2022 (22 days)
Closing: 2/28/2022 (4 days)
Deed recorded: 2/28/2022 (0 days)
Contract Showing on Membership:
Points in account:

Days Total: 45 days and counting...
offer made to ROFR passing: 16 days
ROFR passing to closing: 26 days
closing to points in account: 3 days and counting...