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Transfer A Timeshare Title

For decades Timesharing has been the best way to save time and money while traveling to some of the world's finest resorts.

TransferATimeshareTitle.com can handle all of your travel needs! From business travel, family vacations, or just a weekend away you can rent or buy an ideal timeshare resort to take you there.

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Timeshare Closings - 75

Timeshare Closings

Timeshare closings are different than your typical residential real estate closings. First of all they are done via the US mail, (mail away closings) or completed via electronic closings (via the internet). The buyer or seller never meets at a closing. You can close on a home much faster than you can close on a timeshare.

At the start of the timeshare closings our closing coordinator gathers key information from both parties such as names, address information, identifications, and confirms what is written on the Purchase and Sales Agreement. We then give you an approximate time for closing based on the resort. Many more people are involved to complete the timeshare closing process.
Before we begin your closing process we do ask for a Document Prep fee up front before we start working with various people who must be involved with the timeshare closings process. This fee is typically paid by the buyer and is non refundable. This timeshare closings fee is not part of your closing cost. It is a separate fee which is paid to the timeshare closing company. This document prep fee covers the closing company’s cost to prepare the documents, work with the resorts and see to the recordings. This involves many calls and emails to complete the process. We also have an attorney who reviews the deed and supervises our Paralegal.

Once the fee has been received we send out for an Estoppel to the resort. This document we can take a few days up to a few weeks. We then verify if the resort has a first right of refusal. Some resorts do opt to buy back the timeshare. If this is the case, we do refund you the Document Prep Fee. This step determines the transfer fee, and confirms the resort unit information. Both Buyer and Seller are asked to sign this as part of the closing.

The next step in the process is the deed will be prepared. This is reviewed by an attorney, and if it is in an attorney only state, we have an attorney of that state prepare the deed for us.

Once we have the Estoppel, the First Right of Refusal, and the Deed prepared, the paralegal continues the timeshare closings process by verifying the recording and transfer fees. If the buyer orders title search or insurance this will also add time to the timeshare closings.

The timeshare closings settlement statement is then prepared listing all the fees involved with the purchase and sale of your timeshare. The paralegal or the closing coordinator then sends the documents out to review and will make changes if necessary and go over all the figures to both parties.

Buyer and Seller must approve the settlement statement. Then we do request funds to close. The funds are held in escrow until the deed is recorded. The resort must approve the deed after the recording before they process the paperwork to process the sale and notify the new owners. This is a very different step then your residential real estate. You now own the property, but they do not recognize you as an owner until they do their own paperwork. This last process of the timeshare closings is where we as a timeshare closing company have no control, and can only follow-up with emails and calls until we get confirmation of the transfer.

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