Exchange of money

[Kathleen Rumme]

My husband and I are selling two deeds that we have with Bluegreen points. We are not asking for any money, just the transfer fees which come to $900.00. We have a buyer who is not comfortable sending us money until the transfer is approved.
How do people normally handle the exchange of money?

 

[slip]

If you use LTT, Legal Timeshare Transfers, they will send them an invoice and they handle the money.

 

[DeniseM]

+1 - use a reputable timeshare title company, and they will handle everything:

L.T. Transfers
Lisa Short and Mary Pless
http://www.lttransfers.com/
readylegal@gmail.com
706.219.2709

 

[Kathleen Rumme]

If you use LTT, Legal Timeshare Transfers, they will send them an invoice and they handle the money.Vu

Isn't there a charge to do it that way? And what would that charge be?

 

[DeniseM]

As I recall, Bluegreen may require you to use a specific title company - but if you call LTT - they can tell you.

LTT usually charges around $150.

Many people use a title company to transfer their timeshares, because there is a multi-step legal process that has to be completed correctly. What was your plan for the document preparation?

 

[Kathleen Rumme]

As I recall, Bluegreen may require you to use a specific title company - but if you call LTT - they can tell you.

LTT usually charges around $150.

Many people use a title company to transfer their timeshares, because there is a multi-step legal process that has to be completed correctly. What was your plan for the document preparation?

 

[Kathleen Rumme]

Bluegreen has a pretty straight forward application for the transfer. We have no other legal documents that we're using. We're not asking for any more with the exception of the transfer fee.

 

[DeniseM]

Redweek offers an escrow service that you may want to consider.

 

[VacationForever]

LTT offers escrow service for an extra $50.

 

[DeniseM]

Even if they aren't doing the title work?

 

[artringwald]

Redweek offers an escrow service that you may want to consider.

I've used Redweek and LTT. Redweek was expensive and slow, partly because they did a title search and included title insurance. For an almost "for free" timeshare, do you really need a title search or insurance? LTT was a bargain. They were fast and efficient. If I can convince DW to buy another week, we'll use LTT again.

 

[DeniseM]

I am not suggesting that they use Redweek for the title transfer (she already said she does't need that.) I am saying that Redweek has an affiliated escrow service.

Title transfer = preparing and recording the Docs
Escrow = holding the money during the process

 

[VacationForever]

Even if they aren't doing the title work?

I would assume that if OP wants to use LTT, LTT will do the title, and if escrow is desired, LTT adds $50 to the fee.

 

[Panina]

My husband and I are selling two deeds that we have with Bluegreen points. We are not asking for any money, just the transfer fees which come to $900.00. We have a buyer who is not comfortable sending us money until the transfer is approved.
How do people normally handle the exchange of money?

I own a timeshare where management will allow me to send the paperwork and the buyer sends them the transfer fee. Ask, maybe Bluegreen will allow this too.

 

[pedro47]

Please read and take the suggestions/advice of some of the above posts. You can always contact Bluegreen for your final decision. Good Luck.

 

[DeniseM]

I would assume that if OP wants to use LTT, LTT will do the title, and if escrow is desired, LTT adds $50 to the fee.

Per the posts above, I don't believe that there is an actual title/deed involved with Bluegreen, and the transfer is handled directly between the owner and Bluegreen.