• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Lakeside Closing Service or LT Transfers?

theo

TUG Review Crew: Veteran
TUG Member
Joined
Mar 21, 2007
Messages
9,033
Reaction score
2,268
Points
648
Location
New England Coast
If escrow of transaction funds is utilized, then it stands to reason that the full purchase amount ultimately due to the seller will be tucked safely away into a (hopefully completely independent) escrow account before the final completion of ownership transfer.

"Escrow" can be a less than meaningful word in some eBay transactions if / when the seller and the "escrow agent" are essentially the very same people, merely wearing different hats for different parts of the transaction. That's the beauty (and safety) of using a completely independent closing entity that has no hidden, undisclosed "allegiance" to the seller. Unfortunately, selecting an independent "closer" is often not even an option in many eBay mega-seller transactions.

P.S. LT Transfers, subject of this thread, utilizes a local attorney for escrow of funds. Ironically, the one and only time I've ever had any problem with a closing handled by LT Transfers was certainly not with the very nice and competent ladies there, but with the less than fully attentive math of the escrow attorney. However, the error ($300 or $500 --- and not in my favor) was quickly resolved without fanfare after I pointed out the mistake.
 
Last edited:

Talent312

TUG Review Crew: Veteran
TUG Member
Joined
Jul 4, 2007
Messages
17,464
Reaction score
7,277
Points
948
Resorts Owned
HGVC & GTS
What about escrow? Does LT transfers take a deposit and the remaining amount after everything is transferred? Or do they secure the whole amount upfront?

On their homepage, they say: "If needed, we are able to offer Escrow service in most states."
-- See: http://lttransfers.com/index.html

Payment-in-full to the escrow agent is usually due b4 the seller delivers the deed, and released at the same time it is sent for recording. However, you and the seller can set the terms in your sales contract.
.

.
 
Last edited:

NiteMaire

TUG Review Crew: Veteran
TUG Member
Joined
Jul 8, 2012
Messages
1,471
Reaction score
1,286
Points
374
Location
Living Aloha in Kaneohe, HI
Resorts Owned
Marriott G. Château
HVC Sedona Summit
VVR The Colonies
What about escrow? Does LT transfers take a deposit and the remaining amount after everything is transferred? Or do they secure the whole amount upfront?
I used them for my Marriott purchase. I paid half upfront and the other half after it cleared ROFR (prior to transfer).

Sent from my SAMSUNG-SM-N910A using Tapatalk
 
Top