- Does
my Timeshare have to be mortgage free?
- What
if my resort has a First Right of Refusal?
- What
Timeshares do you not provide transfer services?
-
Besides your normal fee, are there any other costs?
- Do
you transfer RCI Points conversions?
- How
long will the transfer process take?
Yes - the resort
will not transfer ownership unless the property is paid in full. Maintenance
fees, special assessments and all other fees must be current before the property
can be transferred.
We must first send a copy of the purchase agreement to the
resort. The resort then has up to 30 days to make their decision
if they are going to exercise their right to buy back the timeshare, or release
it back to the seller for the transfer to continue. These closings will take longer than a normal closing. If the resort decides to
exercise their FROR right, we only charge a $50.00 document fee and will
release any purchase funds that we are holding in escrow back to the buyer.
We do not provide our services for any resorts
located on land leased from the Bureau of Indian Affairs. There are some resorts located in
Maryland and New York that we do not transfer, due to their property tax situation.
Additionally, we do not handle properties located in Africa or any timeshare
that is currently in a probate situation.
Typically
there are no other costs, but if we have to request a deed from the county (due
to a lost deed) there is a $25 charge. Also, if we have to draft an Affidavit of
Death (if the deeded owner has passed away) there is a $75 charge.
Yes - we have
extensive experience in transferring RCI Points conversions. RCI charges a
$224.00 transfer fee that we will collect and pay RCI on your behalf..
The
closing process takes approximately 4 to 6 weeks not including the time it takes
the county to record the new deed.
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