DVC RESALES
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Old 03-19-2014, 01:49 PM   #1
lawgator
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Sellers slow to return closing docs

It has been 9 days since we were emailed our closing docs on a small resale contract add on. We immediately got a cashier's check, signed our docs and returned them. However, the title company says the sellers still haven't sent in their signed notarized deed and docs. Getting anxious. Has anyone else had this happen to them? This is worse than waiting for ROFR! Tried emailing the broker to ask him to email the sellers to check on things, but he's out of town until Friday afternoon. Have 7 days left that we are supposed to close by according to our paperwork. Arrrgh.
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Old 03-19-2014, 02:09 PM   #2
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a follow up

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Originally Posted by lawgator View Post
It has been 9 days since we were emailed our closing docs on a small resale contract add on. We immediately got a cashier's check, signed our docs and returned them. However, the title company says the sellers still haven't sent in their signed notarized deed and docs. Getting anxious. Has anyone else had this happen to them? This is worse than waiting for ROFR! Tried emailing the broker to ask him to email the sellers to check on things, but he's out of town until Friday afternoon. Have 7 days left that we are supposed to close by according to our paperwork. Arrrgh.
I was able to reach a different agent than the one we are using in the office that we were dealing with who was kind enough to call the seller today and reached him on his cell. He said he was "on his way" to the post office just now with the notarized deed. Feel much less anxious now. Thanks for letting me vent here.
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Old 03-20-2014, 07:32 AM   #3
auralia
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Mine waited 3 weeks... And the contract had 100 pts in holding status that had to be used by June.... They didn't get the paperwork in until April (it could have been in in march) I figure either they were trying to prevent us from using the points (they paid mfs on them) or they were sad to loose the contract and it made them drag their feet. We did get to use the points though. Split stay ssr, akl, board walk!
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Old 03-20-2014, 08:09 AM   #4
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No way to know if the sellers are going to be slow with their docs, if they are on vacation, or even what country they are in.

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Old 03-23-2014, 12:50 AM   #5
ponyboy
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Everybody works on different time schedules and has different levels of busy. I see it all of the time in my business. Some people are in a rush to get everything done and other people don't get in a hurry to do anything.
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Old 03-23-2014, 06:10 AM   #6
hardis5
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As pp's have said, many reasons for delays from the other side. Rather than your broker, contact the closing company directly. I only dealt with and pressed them when closing.
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Old 03-23-2014, 09:22 PM   #7
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We were given the same line of crap. I will call and ask for the tracking number in the am if they haven't. Contacted me by noon. We've already taken 2-3 week longer than our last resale purchase.

Who the he$$ is earning interest on the check I sent.......???
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Old 04-13-2014, 11:42 AM   #8
one eye green guy
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Still waiting.

Last edited by one eye green guy; 04-13-2014 at 11:51 AM.
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Old 04-13-2014, 11:50 AM   #9
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[QUOTE="one eye green guy;51185709"]Still waiting for closing docs from sellers. Sent my docs out march 25th. Had this happen to anyone else?? Still keeping hope

Last edited by one eye green guy; 04-13-2014 at 12:22 PM.
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Old 04-13-2014, 12:25 PM   #10
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Mine took awhile, as well, my sellers weren't pocketing any cash - just paying off their loan and the commission, and they were divorcing and lived in different states. As we approached the close by date I called the broker and threatened (in a nice way) to start the whole thing over w/ a new contract and that lit a fire under the sellers and they got their notarized doc.s in shortly thereafter.
Something about having all that cash sitting there w/ the closing co. just waiting for the sellers to get their act together caused me far more angst than waiting for ROFR, I even had visions of them reconciling and changing their minds about selling.
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Old 04-13-2014, 01:02 PM   #11
maggiegirl
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We are in the same box... Sort of, our sellers are travelling title company received our paperwork and cash on March 27th and we dont anticipate they returning closing docs until first week of May!
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Old 04-13-2014, 03:54 PM   #12
one eye green guy
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Title company tried to contact sellers. no response back yet. Mayb soon by end of week will get a answer.
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Old 04-16-2014, 02:03 PM   #13
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I just finished selling for the first time, it is a PITA to be the seller. 4-5 documents need to be notarized, your deed needs 2 witnesses, if married you must find the time to both be with a notary at the same time, or make time in your work day.

Of course you want your points, but until you have sold you don't realize how much more work it is, as opposed to sigining your name and sending a check.

Hopefully none of you ever need to sell for other reasons then just reorganizing your vacation portfolio.
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Old 04-16-2014, 05:49 PM   #14
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Thank you for sharing. It is nice to see both sides of the picture. I was getting nervous because we missed our closing date that was on the contract. I paid extra to get my docs & check to the title company on time. The title company seemed behind and blamed it on Disney. I think they were both to blame. Now the delay is being blamed on the seller. After the sellers docs are returned I need to wait for a new closing date. This process has taken so long, my offer was accepted back in February. I had hoped to be able to make reservations for this November the reservation window is now open and booking . I am discouraged. 😣
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Old 04-16-2014, 06:39 PM   #15
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Thank you for sharing. It is nice to see both sides of the picture. I was getting nervous because we missed our closing date that was on the contract. I paid extra to get my docs & check to the title company on time. The title company seemed behind and blamed it on Disney. I think they were both to blame. Now the delay is being blamed on the seller. After the sellers docs are returned I need to wait for a new closing date. This process has taken so long, my offer was accepted back in February. I had hoped to be able to make reservations for this November the reservation window is now open and booking . I am discouraged. ��
There is no real closing date. They wait for everything to be in and then they close the file and alert Disney. Don't beat yourself up about any dates, when everything is in you will close the next day and be on to your next round of waiting......
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