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Old May 6th, 2009, 11:04 AM
Quepaz Quepaz is offline
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Join Date: Jan 2009
Posts: 10
Default timehsare transfer

Quote:
Originally Posted by Beena View Post
Good question SandPine. I, too, am interested in what different ways a timeshare can be transferred. What happens?
I think that some things involved with transferring a timeshare from seller to buyer may depend on the structure of the cotract, where it's deeded(if it's deeded) and perhaps a few other factors, but here's a general short-list I found online that probably applies to most timeshare transfers.
  • A closing copany and/or real estate attorney is retained to properly facilitate the transfer of the timeshare and all applicable funds are placed in escrow, until the transfer is complete.
  • The retained party researches the timeshare property to determine if the title is clean and/or the property is ready for transfer.
  • An estoppel cetificate/document is acquired to confirm the status of the current timeshare owners account including confirming the size of unit, unit type, and the status/availability of the week.
  • Preperation and submition of the timeshare transfer documents to the buying/selling parties for signature and notarization, if needed.
  • The deed is recorded, if deeded, and the proper documents are submitted to the resort, and any funds held are released.
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