scoutings
TUG Member
I hate to be redundant, but it wasn't easy to find this information so I'll post it here.
I'm trying to acquire a timeshare offered by a generous TUG member (@littlestar).
In the process, I learned that information on what an estoppel is and why one would need one was hard to find. So here's my contribution, directly quoted from the trusted LT Transfers:
An Estoppel is a document that resort management provides that confirms the account information.
It is the current status available at the time of the request, detailing if there are any outstanding fees, such as loans, maintenance fees, taxes, additional assessments, and when the next use period is available. The Estoppel also describes the unit type and verifies usage as a fixed, float, and or points ownership. The detailed information provided varies from resort to resort. It confirms the timeshare that is being transferred to a new owner agrees with what is described in the sales contract.
In lieu of the estoppel, the seller can also provide us with screenshots of their account. However, it may not provide complete details. But it will be acceptable in place of an estoppel.
I'm trying to acquire a timeshare offered by a generous TUG member (@littlestar).
In the process, I learned that information on what an estoppel is and why one would need one was hard to find. So here's my contribution, directly quoted from the trusted LT Transfers:
An Estoppel is a document that resort management provides that confirms the account information.
It is the current status available at the time of the request, detailing if there are any outstanding fees, such as loans, maintenance fees, taxes, additional assessments, and when the next use period is available. The Estoppel also describes the unit type and verifies usage as a fixed, float, and or points ownership. The detailed information provided varies from resort to resort. It confirms the timeshare that is being transferred to a new owner agrees with what is described in the sales contract.
In lieu of the estoppel, the seller can also provide us with screenshots of their account. However, it may not provide complete details. But it will be acceptable in place of an estoppel.