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Old 04-10-2014, 09:57 AM   #16
maggiegirl
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Originally Posted by maggiegirl View Post
We passed ROFR on March 26th - still waiting on Closing docs
We bought from TTS and Magic Vacation Title is handling the docs. I was informed this morning they are still waiting for Disney to send the Estoppels.
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Old 04-10-2014, 10:43 AM   #17
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Passed ROFR 3/18, received closing docs this morning from TT&M. They sound slammed and as frustrated with the delays as we are.
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Old 04-10-2014, 05:53 PM   #18
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Closing docs arrived tonight.
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Old 04-10-2014, 06:02 PM   #19
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Smile Finally!!!

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Originally Posted by Pumbas View Post
Closing docs arrived tonight.
Great News! You'll be closed in no time.
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Old 04-10-2014, 07:15 PM   #20
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Yeah!!

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Originally Posted by Pumbas View Post
Closing docs arrived tonight.
I'm happy for you!

I sent back my documents today - hopefully the closing will be soon. I hope our ROFR group from 3/18 can all get into the system by 4/30 so we can take advantage of the discounted annual passes!
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Old 04-10-2014, 07:20 PM   #21
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I hope our ROFR group from 3/18 can all get into the system by 4/30 so we can take advantage of the discounted annual passes!

Thats exactly what Im hoping for!
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Old 04-11-2014, 06:00 AM   #22
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I'm happy for you! I sent back my documents today - hopefully the closing will be soon. I hope our ROFR group from 3/18 can all get into the system by 4/30 so we can take advantage of the discounted annual passes!
Thank you! My fingers are crossed!
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Old 04-11-2014, 02:00 PM   #23
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I feel like I won the lottery! Just received my closing docs!!! We passed ROFR 3/26 and bought thru Timeshare Store.
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Old 04-11-2014, 02:57 PM   #24
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I'm another one who passed ROFR 3/18 (after 32 days), got my closing papers 04/03.

I also was told that Disney was causing delays in getting the paperwork prepared after contracts passed ROFR. I asked on 03/26 and was told that the title company was still waiting for Disney to provide the info on 75 contracts that passed ROFR the week before me.
32? why the extra two days
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Old 04-11-2014, 03:07 PM   #25
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I passed ROFR on 3/18 and got closing docs on 4/2 and still haven't closed yet. Was told that the sellers needed to have the contract snail-mailed to them and back. Seriously? Who doesn't have email or can't send things 2-day USPS. Just goes to show you there can be delays at all the steps and it's not always ROFR that is rate-limiting.
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Old 04-11-2014, 03:12 PM   #26
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32? why the extra two days
Why the extra 30 days, Disney could process in 2 days if they wanted to.

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Old 04-11-2014, 03:35 PM   #27
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ROFR language

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32? why the extra two days
I don't know what the exact language is about ROFR.

My guess is, Disney has 30 days to exercise Right Of First Refusal, meaning 30 days to tell the title company that it wants to buy the contract.

If I'm right, that's different from saying that Disney has 30 days to tell the title company whether or not Disney wants to exercise ROFR.

If I'm right, then by day 31, Disney can't exercise ROFR on the contract, but the title company probably wants something in writing from Disney saying that Disney won't exercise ROFR on the contract. Which would mean that Disney can take 31 days, or 32 days, or however long it wants before it sends the title company something in writing saying that it won't exercise ROFR on the contract.

Of courses, maybe I'm wrong... Does anybody have the exact ROFR language?
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Old 04-11-2014, 04:19 PM   #28
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Originally Posted by maggiegirl View Post
We bought from TTS and Magic Vacation Title is handling the docs. I was informed this morning they are still waiting for Disney to send the Estoppels.
passed ROFR on March 26th - Got closing docs today!
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Old 04-11-2014, 04:22 PM   #29
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Day 28 and counting...

I am at day 28 on my wait for ROFR on my second resale contract. Considering that it's getting kind of late, I don't think I'll hear anything today. I already was expecting that I wouldn't hear back until Tuesday and that would put me at 32 days.
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Old 04-11-2014, 05:47 PM   #30
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ROFR on 3/18-no closing docs yet

Put us in the group of passing ROFR on 3/18 and not having our closing docs yet.
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