How long do I wait? - The DIS Discussion Forums

Disneymagicforme · 12-07-2012, 04:55 PM

We are in the process of closing 400pts for SSR. We are through ROFR and overnighted our final payment and closing contracts on Nov 21st. The seller has not yet sent in their signed/notarized contract. I just found out they are in Canada and finding a Notary isn't simple. How long do they have to send it in? The closing agent gave them until Dec 2nd. It's now Dec 9th. Do I have any options?

DizBub · 12-07-2012, 05:27 PM

Quote:

Originally Posted by Disneymagicforme

We are in the process of closing 400pts for SSR. We are through ROFR and overnighted our final payment and closing contracts on Nov 21st. The seller has not yet sent in their signed/notarized contract. I just found out they are in Canada and finding a Notary isn't simple. How long do they have to send it in? The closing agent gave them until Dec 2nd. It's now Dec 9th. Do I have any options?

So sorry this is happening to you. All you can do is wait or cancel. Under the circumstances try to be patient and hopefully things will go smoothly.

Something similar happened to us and we ended up cancelling but our sellers just quit communicating with the broker. Very frustrating.

Hang in there and best of luck!

cvjw · 12-07-2012, 05:30 PM

Same thing happened to us. We ended up cancelling the contract. I know how frustrating the situation is, but you have no control over when the sellers send in their paperwork. You can either tough it out, or cancel - neither of which are great choices for you at the moment - I remember how it felt.

Disneymagicforme · 12-07-2012, 06:11 PM

We are so looking forward to booking our first trip! I guess I'll wait until next week and see what happens. . . I hope we don't have to start over.

mort1331 · 12-07-2012, 06:14 PM

I am from Canada, there are notaries on every corner. Its called a lawyer, if its taking that long, i would call the agent and ask whats up
ps not sure where your from, but its only the 7th here, same calender, i think. Give yours a look, maybe that they had till the 12th?

Mike2023 · 12-07-2012, 06:26 PM

Not sure were in Canada they are from but if its a city then there are loads of places to get a document notarized.

myxdvz · 12-07-2012, 06:31 PM

from reading around in the other threads, they have to get it notarized in the US Embassy or something.

Lizard Valley · 12-07-2012, 06:36 PM

Same here...my sellers received their documents on Nov 9th; the documents were received this morning dec 7th (4 weeks...). They were in the UK.

Read your contract. Mine said that it needed to close within 95 days from the date of execution (when both parties have signed the first set of documents).

I'm also in Canada; yes we have notaries/lawyers all over the place. But Disney only accepts US authorized notaries. For us, that means either getting an appointment at the US embassy, or driving to the states.

Disneymagicforme · 12-07-2012, 07:03 PM

Sorry my dates were messed up, I was looking at Dec 2011, not 2012. The closing agent requested the docs back by Nov 30. She called me on Tuesday Dec. 4th and said she had a email from the sellers that said they were sending the contracts in. So far, no contracts.

Disneymagicforme · 12-07-2012, 07:08 PM

Quote:

Originally Posted by Lizard Valley

Same here...my sellers received their documents on Nov 9th; the documents were received this morning dec 7th (4 weeks...). They were in the UK.

Read your contract. Mine said that it needed to close within 95 days from the date of execution (when both parties have signed the first set of documents).

I'm also in Canada; yes we have notaries/lawyers all over the place. But Disney only accepts US authorized notaries. For us, that means either getting an appointment at the US embassy, or driving to the states.

Yes, my contract says 95 days too. I guess I'm waiting. Glad you finally received yours!

rmcildw2m · 12-07-2012, 09:55 PM

thats a lott of points ,hope things work out for you .

mort1331 · 12-08-2012, 09:42 AM

only a US authorized? For some that may not be worth the drive or wait, if there not close to the boarder or one of the big cities where theres an embassy. Doesnt sound right, but I dont have to sell yet. But I am buying, hope the same isnt true. There must be some lawyers in town that have some cred on both sides?

Dean · 12-08-2012, 09:54 AM

Quote:

Originally Posted by Lizard Valley

I'm also in Canada; yes we have notaries/lawyers all over the place. But Disney only accepts US authorized notaries. For us, that means either getting an appointment at the US embassy, or driving to the states.

That's for direct purchases and does not pertain directly to resale purchases. I haven't heard that the state has a US notary requirement for the deed and I'd bet the closing company doesn't have that requirement. Even Disney has waived this requirement at least once that was reported here on this board.

Lizard Valley · 12-08-2012, 03:25 PM

Quote:

Originally Posted by Dean

That's for direct purchases and does not pertain directly to resale purchases. I haven't heard that the state has a US notary requirement for the deed and I'd bet the closing company doesn't have that requirement. Even Disney has waived this requirement at least once that was reported here on this board.

Just to clarify, I understood that the OP's sellers were in Canada. All sellers need to get their closing documents notarized by a US-authorized notary.

What you're saying is correct with regards to foreign buyers when working directly with Disney.

Disneymagicforme · 12-08-2012, 03:33 PM

Quote:

Originally Posted by Lizard Valley

Just to clarify, I understood that the OP's sellers were in Canada. All sellers need to get their closing documents notarized by a US-authorized notary.

Unfortunately, the sellers are in Canada.

12-07-2012, 04:55 PM	#1
Disneymagicforme Earning My Ears Join Date: Oct 2012 Posts: 11	How long do I wait? We are in the process of closing 400pts for SSR. We are through ROFR and overnighted our final payment and closing contracts on Nov 21st. The seller has not yet sent in their signed/notarized contract. I just found out they are in Canada and finding a Notary isn't simple. How long do they have to send it in? The closing agent gave them until Dec 2nd. It's now Dec 9th. Do I have any options?

12-07-2012, 06:26 PM	#6
Mike2023 DIS Veteran Join Date: Feb 2008 Location: Toronto Posts: 1,108	Not sure were in Canada they are from but if its a city then there are loads of places to get a document notarized. __________________ Check out my Disney Vacation Planning Tools HERE where you can get pdf files for your Phone / iPad / PC / Mac. {1997 - July - CBR (First Trip)}{1999 - July - Off site}{2005 - June - Off site (Honeymoon)}{2006 - May - Off site (1 Year Anniversary)} {2008 - April - AKL (3 Year Anniversary)}{2009 - May - AKL,POLY,POR (4 Year Anniversary/DD first Trip)}{2010 - Jan - BLT,AKV,POLY} {2010 - Oct - BLT,BCV,AKL}{2011 - Aug - AKL}{2012 - Jun - PCC3.0,AKL,BCV}{2013 - May - AKL}

12-07-2012, 06:31 PM	#7
myxdvz DVC - BLT Join Date: Aug 2010 Location: Chicago, IL Posts: 506	from reading around in the other threads, they have to get it notarized in the US Embassy or something. __________________ Kids: W(1), X (8), Y(6), Z(4) Dec 2006 - X DLR / May 2010 - XY WDW, ASMo / March 2011 - XYZ DVC/DCL (AKV, Dream, OKW, Hilton) / Jan 2012 - XYZ DLR, PPH, VGC / June 2013 - WXYZ WDW, BCV/BWV / Nov 2013 - WXYZ WDW/BLT/AKV, DCL/Magic / April 2014 WDW/BLT

12-07-2012, 09:55 PM	#11
rmcildw2m Mouseketeer Join Date: May 2006 Location: Summerfield nc Posts: 428	thats a lott of points ,hope things work out for you . __________________ [img]http://www.mickeypath.com/id/1334991637.jpg ]url='http://www.mickeypath.com/']

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12-07-2012, 05:30 PM	#3
cvjw DIS Veteran Join Date: Dec 2005 Location: Marietta, GA Posts: 2,738	Same thing happened to us. We ended up cancelling the contract. I know how frustrating the situation is, but you have no control over when the sellers send in their paperwork. You can either tough it out, or cancel - neither of which are great choices for you at the moment - I remember how it felt.

12-07-2012, 06:11 PM	#4
Disneymagicforme Earning My Ears Join Date: Oct 2012 Posts: 11	We are so looking forward to booking our first trip! I guess I'll wait until next week and see what happens. . . I hope we don't have to start over.

12-07-2012, 06:14 PM	#5
mort1331 Earning My Ears Join Date: Jul 2012 Posts: 49	I am from Canada, there are notaries on every corner. Its called a lawyer, if its taking that long, i would call the agent and ask whats up ps not sure where your from, but its only the 7th here, same calender, i think. Give yours a look, maybe that they had till the 12th?

12-07-2012, 06:36 PM	#8
Lizard Valley Mouseketeer Join Date: Sep 2012 Location: Montreal, CANADA Posts: 155	Same here...my sellers received their documents on Nov 9th; the documents were received this morning dec 7th (4 weeks...). They were in the UK. Read your contract. Mine said that it needed to close within 95 days from the date of execution (when both parties have signed the first set of documents). I'm also in Canada; yes we have notaries/lawyers all over the place. But Disney only accepts US authorized notaries. For us, that means either getting an appointment at the US embassy, or driving to the states.

12-07-2012, 07:03 PM	#9
Disneymagicforme Earning My Ears Join Date: Oct 2012 Posts: 11	Sorry my dates were messed up, I was looking at Dec 2011, not 2012. The closing agent requested the docs back by Nov 30. She called me on Tuesday Dec. 4th and said she had a email from the sellers that said they were sending the contracts in. So far, no contracts.

12-08-2012, 09:42 AM	#12
mort1331 Earning My Ears Join Date: Jul 2012 Posts: 49	only a US authorized? For some that may not be worth the drive or wait, if there not close to the boarder or one of the big cities where theres an embassy. Doesnt sound right, but I dont have to sell yet. But I am buying, hope the same isnt true. There must be some lawyers in town that have some cred on both sides?