Can you explain to me the timeshare transfer process?
We provide both parties of the transfer with a Contract that you will complete with the agreed terms, sign and return to us. In addition, you are provided a "Sellers Authorization Release Form", which you sign and return to us. This form is sent to the resort, for verification of the property and to obtain information on any outstanding fees that may hold up or delay the transfer. We then create the transfer documents and send the required paperwork including copies of the contract to both parties for signature with a request for the funds needed for to be placed in third-party escrow account. Upon receipt of the completed and signed transfer document from the Seller, we carefully review the documents to insure accuracy. Next, the transfer documents are recorded with the appropriate State and local agencies. Upon receiving the deed from the appropriate agency, we send a letter notifying the Resort of the change of ownership. A copy of the deed is also sent to the resort at this time. The deed to the property is then sent to the timeshare buyer.
Who is responsible for paying the transfer fee charged by the resort?
Resorts may charge a fee to transfer the ownership of a timeshare unit. The terms of payment for transfer fees are determined in the contract between the transferor and the transferee.
Is Title Insurance provided?
We can provide information or refer you to a nationally accredited title insurance company. Costs will vary.