DVC RESALES
DVC RESALES

Go Back   The DIS Discussion Forums - DISboards.com > Disney Vacation Club > Purchasing DVC
facebooktwitterpinterestgoogle plusyoutubeDIS UpdatesDIS email updates
Register Chat FAQ Tickers Search Today's Posts Mark Forums Read





Reply
 
Thread Tools Rate Thread Display Modes
Old 04-10-2013, 04:19 PM   #1
UFlawgator
Earning My Ears
 
UFlawgator's Avatar
 
Join Date: Feb 2013
Posts: 25

Question about cheapest, but safe way to transfer money to escrow to close?

What have most of you experienced purchasers done to send your funds to the title company escrow account for closing? Wire money or send certified bank check? If it is a bank check how have you sent it? My bank charges $25. to wire money. I'd like to get the money to escrow (when the time comes) as cheaply, but safely as possible. If it matters, the title company will be 1st American. Thanks.
UFlawgator is offline   Reply With Quote
Old 04-10-2013, 04:25 PM   #2
Caren90
DIS Veteran
 
Join Date: Jan 2002
Location: Massachusetts
Posts: 642

Bank check was the way I paid for my contracts. Since you are dealing with a legitimate title company it is very easy and cheap ($4 for me). Just remember to keep your copy of the check.

Stephen
__________________
Caren90 is offline   Reply With Quote
|
The DIS
Register to remove

Join Date: 1997
Location: Orlando, FL
Posts: 1,000,000
Old 04-10-2013, 04:58 PM   #3
Missyrose
DIS Veteran
 
Missyrose's Avatar
 
Join Date: Jan 2009
Location: Northern Va.
Posts: 6,649

Quote:
Originally Posted by UFlawgator
What have most of you experienced purchasers done to send your funds to the title company escrow account for closing? Wire money or send certified bank check? If it is a bank check how have you sent it? My bank charges $25. to wire money. I'd like to get the money to escrow (when the time comes) as cheaply, but safely as possible. If it matters, the title company will be 1st American. Thanks.
Both times I bought, I sent a bank check to First American Title. And the closing docs/check was sent via FedEx.
__________________
Missy Franklin (Pixel Dust) | Facebook: World of Yesterday, Tomorrow & Fantasy | Current TR: 5/14 Past TR: 10/13, 1/13, 5/13, 10/12, 3/12 , 10/11, 10/10
'86, '90, '94, '98, '09, '10 -- Off site, 10/2011 -- CR, 3/2012 -- Windsor Hills, 10/2012 -- BCV/AKV-Jambo, 01/2013 -- BWV, 5/2013 -- BLT, 10/2013 -- YC CL, 5/2014 -- BWV, 08/2014 -- VGF/BLT, 12/2014 -- BWV, 4/2015 -- BLT

Missyrose is offline   Reply With Quote
Old 04-10-2013, 07:16 PM   #4
automaticsoap
Mouseketeer
 
automaticsoap's Avatar
 
Join Date: Oct 2012
Location: Washington, DC area
Posts: 353

I paid using a cashier's check as well. I have Bank of America, and the fee was $10. I mailed it overnight using UPS.
__________________


automaticsoap is offline   Reply With Quote
Old 04-10-2013, 09:06 PM   #5
Sur
Love the Dis
 
Join Date: Feb 2013
Posts: 638

Cashiers check. Made out to title co and kept copy in case of loss/problem. Never any problems. I've heard of wiring problems so won't go that route... too costly also.
Sur is offline   Reply With Quote
Old 04-10-2013, 09:24 PM   #6
Sandisw
Moderator
 
Sandisw's Avatar
 
Join Date: Nov 2008
Location: Syracuse, NY
Posts: 9,652
DISboards Moderator

Bank check and included it in the package with my closing documents. Did send them Fed Ex.
__________________
Sandi



Sandisw is offline   Reply With Quote
Old 04-10-2013, 09:31 PM   #7
KAT4DISNEY
Glad to be a test subject
1st trip Disneyland 1969
1st Trip DisneyWorld 1972
Only trip Disneyland Paris 2002
 
KAT4DISNEY's Avatar
 
Join Date: Mar 2008
Location: Nevada
Posts: 8,840

The do require a certified check of some sort so that is what I sent. But I just mailed it the old fashioned way with one of the inexpensive tracking options rather than pay fedex or ups rates.
__________________
Kathy

KAT4DISNEY is offline   Reply With Quote
Old 04-11-2013, 06:22 AM   #8
dbs1228
DIS Veteran
 
dbs1228's Avatar
 
Join Date: Feb 2010
Location: CT
Posts: 2,102

Both times I purchased I sent usps regular mail no tracking kept copies of bank check and both times they had the check (different closing companies) with in 2 days - coming from Ct.
__________________
1995 - 2010 Ft Wilderness Cabins every year! OKW, BLT 2010 & 2011 AKV 2011 THV 2012




dbs1228 is offline   Reply With Quote
Old 04-11-2013, 09:22 AM   #9
DannysMom
DIS Veteran
 
DannysMom's Avatar
 
Join Date: Jun 2007
Location: Central NJ
Posts: 2,023

I sent a bank check as well. Sent via track-able carrier, likely FedEx 2 day.

Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!
__________________
--Me! & DH ,- 10 YEARS OLD, mild CP, & a Disney fan & twins, & --4!
DVC BCV owners!
DannysMom is offline   Reply With Quote
Old 04-11-2013, 10:22 AM   #10
fortheloveofminnie
Earning My Ears
 
Join Date: Feb 2013
Posts: 64

I wired my money, and everything worked out fine with my transfer (I used the same title company). However, because I got the closing docs on a Friday but decided to wait for Sat to go to the bank, it actually took until Tuesday evening for the wire to clear. It would have been cheaper and faster to get a check from the bank on Friday afternoon and send the check Express via USPS. That's what I would do if I had to do it again.
fortheloveofminnie is offline   Reply With Quote
Old 04-11-2013, 10:50 AM   #11
RSWA2
Mouseketeer
 
RSWA2's Avatar
 
Join Date: Feb 2013
Posts: 260

Some local banks and/or credit unions have a no fee Cashier's Check if they are to pay a title company.

I did mine like that and then I used regular USPS to mail it. I paid for certified mail, which cost me $2.95 (I don't recall if that included the stamp). I mailed all closing docs and the cashier's check with that. The title company received it in 3 business days.
RSWA2 is offline   Reply With Quote
Old 04-12-2013, 09:51 AM   #12
UFlawgator
Earning My Ears
 
UFlawgator's Avatar
 
Join Date: Feb 2013
Posts: 25

Thank you all who responded for your suggestions and ideas. I have not been a member of this board very long, but I have already found it very helpful.
UFlawgator is offline   Reply With Quote
Old 04-13-2013, 02:43 PM   #13
ponyboy
Gun slingin DW lover
 
ponyboy's Avatar
 
Join Date: Jul 2010
Location: The Great State of Texas
Posts: 195

In my line of business we do a lot of shipments and send out a lot of checks all over the place. We use all types of shipping, USPS, FedEx, FedEx Ground, UPS and we send all important or time sensitive documents FedEx.

If it has to get there then FedEx is #1, USPS is dead last. That said, 98% of all shipments arrive without a hitch.
__________________
ponyboy is offline   Reply With Quote
Reply

Tags
closing, escrow



Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

DVC-Resales.com | 1-800-550-6493 (Contact The Timeshare Store) | DVC Resale Listings

facebooktwittergoogle plus youtube itunesDIS Updates
GET OUR DIS UPDATES DELIVERED BY EMAIL



All times are GMT -5. The time now is 08:28 AM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright © 1997-2014, Werner Technologies, LLC. All Rights Reserved.