Recording fee from DonateforCause

GROtimeshare · Mar 10, 2014

I'm trying to transfer my deed (westin st. John villa) to J&J timeshare (Donate for Cause .org) and they asked me $500 for deed recording fee. Does anyone know if the $500 for recording fee is normal for deed transfer? I called westin and Westin said that there is no recording fee to transfer.

csxjohn · Mar 10, 2014

They are going to charge you what they want to for transferring the TS out of your name regardless of what someone else may charge for the transfer.

You have to decide if the total cost they want is worth it to you or not.

On the plus side, it has been reported here that they do what they say they will and the TS will be transfered out of your name.

There are cheaper ways to get rid of your timeshare, maybe. Have you tried giving it away? You could try the bargain deals here on TUG, Craig's List, eBay Classifieds and FreeCycle.

They are all completely free to advertise on.

GROtimeshare · Mar 10, 2014

Give away timeshare

Thank you,

I decided to give it away in Tug2 as below.

http://www.tugbbs.com/forums/showthread.php?t=207706

If anyone interested, please let me know.

Thank you,

GROtimeshare · Mar 10, 2014

Other company than J&J timeshare

By the way, does anyone know title transfer company other than J&J timeshare and "Donate for a cause"?

csxjohn · Mar 10, 2014

I did see that ad pop up. If you need to get rid of it quickly you may have to ad incentives, depending on the interest you get.

2 TSs I gave away cost me nothing, one cost me a weeks use and all closing fees, and another cost me $250 to deed it back to the resort.

Good luck with the "sale."

Beaglemom3 · Mar 10, 2014

I had excellent service from them when I sold my WSJ three years ago. Good firm:

Jayne A. C. Kellogg
Birch, de Jongh & Hindels, PLLC
Attorneys at Law
Poinsettia House at Bluebeard's Castle
1330 Estate Taarnebjerg
St. Thomas , Virgin Islands 00802
Telephone: 340/774-1100 Ext. 6
Facsimile: 340/776-0342

Email (direct to Sender): jackellogg@bdhlawvi.com[/email

They use [url]www.timesharetitle.com[/url]

GROtimeshare · Mar 10, 2014

I'm wondering if Jayne A. C. Kellogg provides transfer service only or
can take my deed ownership as "Donate for a cause"?

Do you Know?

sjsharkie · Mar 10, 2014

GROtimeshare said:
I'm wondering if Jayne A. C. Kellogg provides transfer service only or
can take my deed ownership as "Donate for a cause"?

Do you Know?

Transfer services are different from companies lie Donate for a Cause.

Transfer services provide only the service of drafting and recording the transfer deed between two contracted parties.

They do not find a willing party to take the transfer as does Donate for a Cause.

-ryan

Beaglemom3 · Mar 10, 2014

GROtimeshare said:
I'm wondering if Jayne A. C. Kellogg provides transfer service only or
can take my deed ownership as "Donate for a cause"?

Do you Know?

GRO,
You have jumbled things. Let me explain:

1. Jayne works for the law firm of Birch, de Jongh & Hindels. This a law that firm that specializes in real estate law in the U.S.V.I. They do not "take" deeds or provide transfer service (to my knowledge).

2. They use www.timesharetitle.com From their (timesharetitle) website: " We take care of all of the details, including deed preparation and recording, collection and disbursement of funds, document distribution and final notification to the resort".

GROtimeshare · Mar 10, 2014

Thank you for your explanation.

Beaglemom3 · Mar 10, 2014

GROtimeshare said:
Thank you for your explanation.

You're welcome. It can be confusing.
We are sympathetic to your situation.

DeniseM · Mar 10, 2014

If you "donate" your timeshare to Donate for a Cause, they will handle the transfer and all paperwork - you won't need a Title company. But of course, you have to pay them, to accept your timeshare - no one accepts donations for free anymore.

DFC will not allow you to choose the transfer company, because the transfer fees are part of their "profit." They are a licensed charity, and a small portion of their income does go to charity.

Beaglemom3 is suggesting a law firm that you can use if you give away your timeshare to a private owner. With a timeshare [in the USVI] you need someone who handles that kind of transfer. LTT doesn't do [USVI] transfers.

bogey21 · Mar 10, 2014

GROtimeshare said:
I'm trying to transfer my deed (westin st. John villa) to J&J timeshare (Donate for Cause .org) and they asked me $500 for deed recording fee. Does anyone know if the $500 for recording fee is normal for deed transfer? I called westin and Westin said that there is no recording fee to transfer.

If $500 is all it takes to get rid of the Week, pay it before they change their mind. If there are additional fees above the $500, you have a bigger decision to make.

George

csxjohn · Mar 10, 2014

bogey21 said:
If $500 is all it takes to get rid of the Week, pay it before they change their mind. If there are additional fees above the $500, you have a bigger decision to make.

George

The way I interpreted it was that there's a fee plus a charge of $500 for the transfer process.

I agree, if it's only $500 total, jump on it. If more in involved, weigh the total cost to see if it's worth it to you.

It all depends on how much demand there is for your unit. Did you look on eBay to see what they have been going for there and did you ask your resort if they'll just take the unit back?

DeniseM · Mar 10, 2014

There is definitely a bigger fee (probably in the $2K range) - this is ONLY their "transfer" fee.

dioxide45 · Mar 10, 2014

Doesn't the Westin St John have SOME resale value? Shoot, isn't it a mandatory property? I know the MFs are high, but it must fetch something. No need to PAY someone to take it?

sjsharkie · Mar 10, 2014

dioxide45 said:
Doesn't the Westin St John have SOME resale value? Shoot, isn't it a mandatory property? I know the MFs are high, but it must fetch something. No need to PAY someone to take it?

Look at week 39 rentals. It is the low season -- the studio will likely rent for barely over mfs, if that. The mandatory feature of the property is negligible because it only has 37K SOs (according to the OP) for a $1600+ mf -- that is a bad ratio for SVN usage. If someone takes it, they will be buying to use it IMHO.

Someone picked up a 2BR Gold+ for free earlier this year. They aren't common, but they are out there. I think this is a tougher sell than people think -- although it does come with free usage and closing which should sweeten the pot.

-ryan

dioxide45 · Mar 10, 2014

sjsharkie said:
Look at week 39 rentals. It is the low season -- the studio will likely rent for barely over mfs, if that. The mandatory feature of the property is negligible because it only has 37K SOs (according to the OP) for a $1600+ mf -- that is a bad ratio for SVN usage. If someone takes it, they will be buying to use it IMHO.

Someone picked up a 2BR Gold+ for free earlier this year. They aren't common, but they are out there. I think this is a tougher sell than people think -- although it does come with free usage and closing which should sweeten the pot.

-ryan

Thanks for the info. I really just know enough about Starwood to be dangerous. Thanks for clarifying.

pacodemountainside · Mar 11, 2014

DFC

Check out this thread!

http://tugbbs.com/forums/showthread.php?t=188958&highlight=donate

I understand they require a tax deductible donation ball park $2K. This would equate to $500 federal tax savings if in 25% bracket!

But, keep in mind tax deduction for property is limited to FMV not what Developer is selling for.

Recording fee from DonateforCause

GROtimeshare

csxjohn

TUG Review Crew: Expert

GROtimeshare

GROtimeshare

csxjohn

TUG Review Crew: Expert

Beaglemom3

GROtimeshare

sjsharkie

Beaglemom3

GROtimeshare

Beaglemom3

DeniseM

bogey21

csxjohn

TUG Review Crew: Expert

DeniseM

dioxide45

TUG Review Crew: Expert

sjsharkie

dioxide45

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pacodemountainside