Might be a stupid question but... Why is there a long wait between Passed ROFR and Closing docs received for all Title companies? Is this hold up with Disney to the Title company or simply the Title companies not being staffed at high enough levels? Seems like a 3 to 4 week wait is pretty normal.
My broker gave me this to help with understanding the timeline:
Closing takes an estimated 10-12 weeks
Hilton Head, Aulani and Grand Californian may take an additional 2-4 weeks as these are attorney states and not closed by a title company.
The title Company will send the contract to Disney. Disney has 30 days to review.
Once it comes back from ROFR we have to wait on Disney to send the estoppel before the closing documents can be prepared. This has been taking 3-4 weeks after ROFR.
The title company sends out the closing documents normally within 72 hours of receiving the estoppel.
After ALL closing documents from the buyer and seller, are received back the final Point Activity Summary is ordered from Disney (3-5) business days.
The deed is then sent to the county for recording this takes up to 72 hours if no holidays or weekends.
Once it is recorded they send it back to the title company. The title company sends it to overnight to Disney.
Disney then has 3-4 weeks to upload your information and send your membership letter. When you get the letter you will call them for an activation code. If you are a current member the points will show up on your Dashboard in 10-14 business days.
The seller s funds will be mailed 10-14 days after Disney receives the recorded documents. This allows sufficient time for property transfer.