Frequently asked questions
- How Long Is the Closing Process?
The entire closing process takes an average of four to eight weeks, depending on how quickly your documents and final funds are returned to us. Typically the longest part of the closing process is waiting for the developer (Disney) to issue the Right of First Refusal (ROFR) waiver. Once the waiver is granted, and all documents and funds are submitted, we can close in under a week. Our streamlined DVC closing services and remote-online notary service help ensure fast and reliable closings.
- Do you need our Divorce Decree for a DVC Title Transfer?
Yes, when transferring ownership to one spouse, a deed must still be signed by both parties. We should be provided a copy of the Divorce Decree for review to confirm that the DVC property has been awarded to the correct party.
- Can you advise me on how to vest my Disney Vacation Club Ownership?
While we cannot provide direct legal advice on how to vest title, we are happy to provide information about common vesting options. For personalized guidance, we recommend consulting with an attorney or estate planning professional to make the best decision for your needs. Our team can then assist with accurate title preparation and recording services for your DVC deed.
- What is needed to transfer ownership when the owner of the timeshare is deceased?
When a timeshare owner passes away, the process depends on state probate laws and how the title was originally set up. If all owners are deceased, the property will likely need to go through probate before DVC Title & Escrow can assist with the ownership transfer. We will also need an original Death Certificate in order to transfer ownership. Our team of experts is here to guide you through every step of this process, ensuring the transfer is handled with care and efficiency.
- Can I pay for closing services with a credit card?
Yes, we accept all major credit cards for the initial deposit.
- How long does it take Disney to process the transfer after closing?
After closing we will submit the finalized transfer documents to the resort. It typically takes up to 6 to 8 weeks for Disney to update their records and complete the transfer.
- When should I Stop Auto-Debits For Our Maintenance Fees?
For Disney Vacation Club properties, auto-debits will be stopped on the day of closing. Please do not stop the auto-debits directly with your bank, as there may be additional fees incurred.
- Can we Transfer our DVC Membership To a Family Trust?
Yes, transferring your DVC property into a trust is a common step for many families. All we need is a copy of the Certificate of Trust to facilitate the transfer. Our team specializes in DVC deed preparation and recording services for trust/property transfers, ensuring a seamless and stress-free process.
- When Will The Seller Receive Payment?
Proceeds will be disbursed to the seller after all closing documents have been completed and returned and the buyer’s purchase funds have cleared. Our secure escrow services for DVC properties ensure funds are disbursed accurately and on time, following the terms outlined in the purchase agreement.
- Can I Transfer My DVC Ownership to a Family Member ?
Yes. These transfers are often referred to as gratuitous transfers. Our experienced team specializes in helping families navigate the intricacies of ownership changes and transfers, whether for estate planning, gifting purposes, or other reasons. Learn more about gratuitous transfers here
- Who Manages and Disburses Funds During the Closing Process?
DVC Title & Escrow securely holds both funds and documents in escrow. Once all transaction contingencies are met, the funds are disbursed to the seller and other related parties as outlined in the purchase agreement. Closing cannot occur until the purchase funds are cleared. Rest assured, we are fully licensed, insured, and bonded ensuring your transaction is handled with the highest level of professionalism and security.
- Do you Need My Original Deed?
Yes, your original deed is an essential document for verifying ownership and ensuring the accuracy of the transfer. If you are unsure where to find it, don’t worry. Our team will help you navigate the next steps, making the process as simple as possible.
- Do you Offer Remote Online Notary
Yes, we do! Our Remote Online Notary (RON) service allows you to notarize documents securely and conveniently from anywhere – whether you are at home, at the office, or even traveling. The entire process is handled online, with no need for in-person appointments or printing physical documents. After verifying your identity, you can electronically sign your documents, and our notary and witness will sign and stamp them in real time. With RON, we ensure every document is properly signed and recorded, so there are no delays in closing your DVC property. Learn more on the step-by-step process and how our Remote Online Notary Services can simplify your closing here
- What is Disney’s Right of First Refusal (ROFR)
As part of the DVC resale process, each contract must be forwarded to DVC for their right of first refusal review. This is a standard process where Disney has the option to purchase the contract themselves under the same terms and conditions that were originally agreed upon by the buyer and seller. It typically takes 30 days for Disney to submit their ROFR decision, though it may take longer.
- Still Have Questions?
We are happy to help! If you did not find the answer you were looking for, feel free to reach out to us directly via our Contact page, email hello@dvcclosings.com, or call (678) 400-9207.
