Closing Time!!

[CvilleDiane]

Did they let you know how long it usually takes to show up on OCC after closing?

They didn't, but it showed up this afternoon. They said Disney takes 7-14 days to transfer so I'm hoping to have the points late next week. Fingers crossed!! Have you checked in on whether sellers returned docs? It's getting pretty close to Sept 5 given the holiday weekend -- have you considered calling Bonnie to check in with them?

 

[1momof3boys3]

They didn't, but it showed up this afternoon. They said Disney takes 7-14 days to transfer so I'm hoping to have the points late next week. Fingers crossed!! Have you checked in on whether sellers returned docs? It's getting pretty close to Sept 5 given the holiday weekend -- have you considered calling Bonnie to check in with them?

Oh, good. That's fast!.... I emailed my escrow officer (Cammy), but got an automated "out of office" response. I emailed her recommended backup contact, but haven't heard back yet. Hopefully soon! I guess if I don't hear by this evening then I'll email Bonnie. I completely forgot that Monday was a holiday. I home school and don't really keep track of the holidays very well, unless they are the big ones. LOL!

 

[CvilleDiane]

Oh, good. That's fast!.... I emailed my escrow officer (Cammy), but got an automated "out of office" response. I emailed her recommended backup contact, but haven't heard back yet. Hopefully soon! I guess if I don't hear by this evening then I'll email Bonnie. I completely forgot that Monday was a holiday. I home school and don't really keep track of the holidays very well, unless they are the big ones. LOL!

I don't think my seller would have known the urgency about returning the documents if Bonnie hadn't called. They weren't responding to FA at all!

 

[1momof3boys3]

Woke up this morning to an email that our contract has closed!! This was my fastest resale purchase yet-41 days from the day I submitted the offer. We passed rofr on Aug 11. Very pleased with Fidelity and First American! Great communication and process!

That was really fast! I have a 100pt AKV contract with Fidelity and First American, but it's not moving along that fast at all! My offer was made 6/30, passed ROFR 7/30. I don't get any updates at all unless I ask. Even then, like today, I send an email and don't get a response at all. I wonder why it's so "hit and miss" with this company.

 

[Deb123]

That was really fast! I have a 100pt AKV contract with Fidelity and First American, but it's not moving along that fast at all! My offer was made 6/30, passed ROFR 7/30. I don't get any updates at all unless I ask. Even then, like today, I send an email and don't get a response at all. I wonder why it's so "hit and miss" with this company.

We used Fidelity and First American, too. Have you checked if the sellers have returned their signed papers? That can really hold things up sometimes. I had a contract last fall that never could close and eventually had to be cancelled due to the sellers just never responding when we got to this point. If they at least would've let us know they were backing out, it would've softened the blow a bit. But the waiting and not knowing was awful. I sincerely hope your contract closes within the next day or so!

 

[1momof3boys3]

We used Fidelity and First American, too. Have you checked if the sellers have returned their signed papers? That can really hold things up sometimes. I had a contract last fall that never could close and eventually had to be cancelled due to the sellers just never responding when we got to this point. If they at least would've let us know they were backing out, it would've softened the blow a bit. But the waiting and not knowing was awful. I sincerely hope your contract closes within the next day or so!

They returned them 8/22, but one of the documents was incorrectly filled out. Cammy said last Friday that they hope to have it this week. Here it is Friday and I haven't heard anything. =/

 

[CvilleDiane]

Oh, good. That's fast!.... I emailed my escrow officer (Cammy), but got an automated "out of office" response. I emailed her recommended backup contact, but haven't heard back yet. Hopefully soon! I guess if I don't hear by this evening then I'll email Bonnie. I completely forgot that Monday was a holiday. I home school and don't really keep track of the holidays very well, unless they are the big ones. LOL!

In my experience, Bonnie is much faster responding to phone calls than email. I hope you get good news today! We closed two days after the "close by" date in our contract, so there's hope!

 

[1momof3boys3]

In my experience, Bonnie is much faster responding to phone calls than email. I hope you get good news today! We closed two days after the "close by" date in our contract, so there's hope!

I'll try Bonnie today. Did you have to sign some sort of amendment to extend past the closing date?

 

[CvilleDiane]

I'll try Bonnie today. Did you have to sign some sort of amendment to extend past the closing date?

No. It was supposed to be Tuesday. I heard from First American on Monday that they had the FedEx from the seller and they'd get back to me in email the next day to confirm everything. They never emailed on Tuesday or even Wednesday, when it would have been lovely to know that it was going to close and there weren't issues with being past the date.

 

[1momof3boys3]

No. It was supposed to be Tuesday. I heard from First American on Monday that they had the FedEx from the seller and they'd get back to me in email the next day to confirm everything. They never emailed on Tuesday or even Wednesday, when it would have been lovely to know that it was going to close and there weren't issues with being past the date.

That would drive me crazy!

 

[CvilleDiane]

That would drive me crazy!

That could be the subtitle to this whole process. It's so close to done now, and yours should be too. In a couple of weeks, we are going to be posting about booking trips with our new DVC points and forget all about this rollercoaster ride!

 

[1momof3boys3]

That could be the subtitle to this whole process. It's so close to done now, and yours should be too. In a couple of weeks, we are going to be posting about booking trips with our new DVC points and forget all about this rollercoaster ride!

I ended up emailing someone else in FA's office and he responded. The seller has not yet returned that one document! He said that he would let Fidelity know so that they could follow up with the seller, too. This is so incredibly frustrating.

 

[1momof3boys3]

In my experience, Bonnie is much faster responding to phone calls than email. I hope you get good news today! We closed two days after the "close by" date in our contract, so there's hope!

You're right! I called Bonnie and she said she would get right on it!

 

[CvilleDiane]

You're right! I called Bonnie and she said she would get right on it!

Yay! She told me the same thing and she made it happen. I can't believe you're waiting on one piece of paper!

 

[1momof3boys3]

Yay! She told me the same thing and she made it happen. I can't believe you're waiting on one piece of paper!

I got absolutely nothing accomplished today. I wrote emails to 3 people at First American and got one response saying they're still waiting. When someone from Fidelity (not Bonnie) returned my call she asked me for the form. I said, "I'm the buyer.... the one waiting for the form" and she quickly changed it to "oh, just calling to say we have that form." She then sent a follow up email saying that all the correct forms were received 8/14... but that's when MY forms were received. The sellers forms were not even received until 8/22. UGH!!! There is quite a bit of confusion over there, leaving me beyond frustrated.

 

[CvilleDiane]

I got absolutely nothing accomplished today. I wrote emails to 3 people at First American and got one response saying they're still waiting. When someone from Fidelity (not Bonnie) returned my call she asked me for the form. I said, "I'm the buyer.... the one waiting for the form" and she quickly changed it to "oh, just calling to say we have that form." She then sent a follow up email saying that all the correct forms were received 8/14... but that's when MY forms were received. The sellers forms were not even received until 8/22. UGH!!! There is quite a bit of confusion over there, leaving me beyond frustrated.

That confusion is disheartening. Which day is Cammy back?

 

[1momof3boys3]

That confusion is disheartening. Which day is Cammy back?

Apparently Cammy was back in the office Friday. I just never heard back from her.... which doesn't help my frustration level. I finally heard from Evelyn at Fidelity last night. She called the seller and he said he mailed it back Tuesday. So, hopefully it's only a minor delay.... assuming the paperwork is now correct!

 

[Greg36]

So once closing documents are returned by seller and buyer how long does it tend to take to actually close? Looking back over some of these pages it looks like 3-4 days is typical? We just returned ours to First American...

 

[amccu18007]

So once closing documents are returned by seller and buyer how long does it tend to take to actually close? Looking back over some of these pages it looks like 3-4 days is typical? We just returned ours to First American...

It seems to take FA 2-3 days to close once they have all paperwork from both parties. By close, I mean sent to the OCC for recording. That is usually posted that day or the next. Disney takes about 7-10 days to load the account and sometimes once the account is loaded it can take 2 days for the actual points to be loaded.

 

[CvilleDiane]

Apparently Cammy was back in the office Friday. I just never heard back from her.... which doesn't help my frustration level. I finally heard from Evelyn at Fidelity last night. She called the seller and he said he mailed it back Tuesday. So, hopefully it's only a minor delay.... assuming the paperwork is now correct!

Hoping you get a closing email from Cammy today!!!