I was bouncing around the internet today and found an article on another blog site that I want to share with you. There are so many scam companies out there professing to offer the timeshare owner "relief".. be cautious.. you might be better off giving away your money to an "upfront ad resale company" instead.
Check this article out.. http://www.timeshareheadlines.info/?p=1850
"These timeshare relief companies often have partnerships with escrow companies that will allegedly hold the clients upfront fees until the transfer is completed. These companies normally have bank accounts in Mexico and the clients are asked to wire the money for the taxes, appraisal, or title change to the Mexican bank account. Escrow accounts do not exist in Mexico like they do in the US for property transfers. "
A page designed to help educate and inform timeshare owners of ways to use, sell, rent, exchange or trade their timeshares.
Showing posts with label Transfer Title Escrow Services. Show all posts
Showing posts with label Transfer Title Escrow Services. Show all posts
Saturday, August 14, 2010
Tuesday, April 20, 2010
Once you sell your timeshare, you have to find a Transfer Company!
One of the pieces of selling your timeshare or vacation certificate that many people do not think about , is that once you have a buyer you have to find someone to handle the transfer of the property. The transfer costs are typically paid by the buyer so you want to research this step ahead of time and make sure that you disclose to the buyer how much it will cost them once they have purchased from you.
If your title is not transferred properly, you might find out next year that the timeshare resort still views you as the owner and is sending the maintenance fees and assessments to you instead of your buyer. Local attorneys, even real estate attorneys, typically are not the best answer for this transaction. You normally are located in one state, your timeshare in another state, the buyer in another state and so on. The entity that performs your timeshare title transfer must be knowledgeable and practiced in coordinating the real estate laws of all states or locations. This is a very specialized industry.
Though i will not say to you that there are "transfer scams" out there, as I have not run across any and they are regulated so heavily that they wouldnt last long if they appeared, I do maintain that there are several timeshare transfer companies who are faster, more effiicient, more complete and better educated then others. I have a few faveorites that you should consider. Some are more expensive, which does not always mean they are the best. Some are bigger and more well known, but that does not mean that they will give you personal service beyond the smaller ones. Alot of your considerations should be the timeshare resort you own at, and the transfer company specializing in that area or resort system. You should call several of these companies and ask your questions to determine which would be best suited to transfer your timeshare title.
If your title is not transferred properly, you might find out next year that the timeshare resort still views you as the owner and is sending the maintenance fees and assessments to you instead of your buyer. Local attorneys, even real estate attorneys, typically are not the best answer for this transaction. You normally are located in one state, your timeshare in another state, the buyer in another state and so on. The entity that performs your timeshare title transfer must be knowledgeable and practiced in coordinating the real estate laws of all states or locations. This is a very specialized industry.
Though i will not say to you that there are "transfer scams" out there, as I have not run across any and they are regulated so heavily that they wouldnt last long if they appeared, I do maintain that there are several timeshare transfer companies who are faster, more effiicient, more complete and better educated then others. I have a few faveorites that you should consider. Some are more expensive, which does not always mean they are the best. Some are bigger and more well known, but that does not mean that they will give you personal service beyond the smaller ones. Alot of your considerations should be the timeshare resort you own at, and the transfer company specializing in that area or resort system. You should call several of these companies and ask your questions to determine which would be best suited to transfer your timeshare title.
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