TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in as a member*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. 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 25 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
    Dismiss Notice
  3. TUG has now saved timeshare owners more than $12,000,000 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 $12Million dollars
    Dismiss Notice
  4. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  5. TUG is trying out a new program that will trade you a TUG membership for a Timeshare resort review if you are an expired member, or even just a guest here on the forums!

    Read more here
    Dismiss Notice
  6. 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!

    Read more Here
    Dismiss Notice
  7. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  8. TUG has now joined Priceline.com as an affiliate!

    Members and guests who book air travel, rental cars and even Cruise Vacations thru TUG's priceline links will now support TUG in the process!

    Read more here
  9. A few of the most common links here on the forums for newbies and guests!
    Dismiss Notice

Is LT Transfers legit?

Discussion in 'Buying, Selling & Renting Timeshares' started by CatFur2000, Oct 10, 2018.

  1. Anne&Jim

    Anne&Jim TUG Member

    Joined:
    Sep 29, 2017
    Messages:
    85
    Likes Received:
    60
    Trophy Points:
    79
    Resorts Owned:
    Westin Kaanapali Villas North OF (annual)
    Westin Kaanapali Villas North (annual)
    Westin Kaanapali Villas North (bi-annual)
    Westin Mission Hills (annual)
    Cliff Club at Snowbird (annual)
    The Ridge at Tahoe (annual)
    Count us among the LTT fan club members — we used them to change title on 3 existing timeshares, and when we purchased two additional timeshares this year. They were fast, professional, and great communicators.

    Boiled pizza? There must be an inside joke somewhere that I need to look up...


    Sent from my iPad using Tapatalk
     
    sharewhereMiMi and AwayWeGo like this.
  2. topdog

    topdog TUG Member

    Joined:
    Jul 18, 2005
    Messages:
    225
    Likes Received:
    15
    Trophy Points:
    228
    Location:
    Florida
    I used them, they were great.
     
    sharewhereMiMi, Anne&Jim and AwayWeGo like this.
  3. Venter

    Venter TUG Member

    Joined:
    Oct 3, 2009
    Messages:
    298
    Likes Received:
    28
    Trophy Points:
    138
    Location:
    Cincinnati
    I am talking to a broker who says LTT is not licensed to sell Arizona timeshares. Is this true and if so does anybody have someone else to suggest?
     
  4. DeniseM

    DeniseM Moderator

    Joined:
    Jun 6, 2005
    Messages:
    53,033
    Likes Received:
    2,523
    Trophy Points:
    1,499
    LTT doesn't sell timeshares at all - they are a Title Company - they do the title work to transfer deeds between owners. The broker may be right, or he may want you to use his affiliated title company, which is to his financial advantage.

    Before I believed the broker, I would call LTT and ask if they can transfer Arizona deeds.

    L.T. Transfers
    www.lttransfers.com
    readylegal@gmail.com
    706.219.2709
     
    AwayWeGo likes this.
  5. echino

    echino TUG Member

    Joined:
    Dec 2, 2008
    Messages:
    418
    Likes Received:
    199
    Trophy Points:
    254
    Location:
    Vancouver
    Resorts Owned:
    Hyatt Piñon Pointe
    Harborside Resort at Atlantis
    Marriott's Canyon Villas
    Marriott's St. Kitts Beach Club
    You don't need a license to assist with timeshare closing in Arizona. You can even do it yourself without any closing company.
     
    klpca likes this.
  6. AwayWeGo

    AwayWeGo TUG Review Crew: Expert TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    14,461
    Likes Received:
    421
    Trophy Points:
    419
    Location:
    McLean (Fairfax County), Virginia, USA.
    Resorts Owned:
    Grandview At Las Vegas

    [triennial - points]
    LT Transfers is so good & so economical at what they do, & so popular because of it, that some of the other formerly favored timeshare closing service agencies have virtually given up -- canceled their TUG ads & everything.

    -- Alan Cole, McLean (Fairfax County), Virginia, USA.​
     
    sharewhereMiMi and mpumilia like this.
  7. Venter

    Venter TUG Member

    Joined:
    Oct 3, 2009
    Messages:
    298
    Likes Received:
    28
    Trophy Points:
    138
    Location:
    Cincinnati
    Could you pm me some more info on this please. This guy says 'they are not licensed to conduct escrow and settlement in Arizona which is a requirement under Arizona law, where the resort is. My title company is licensed to conduct closings and settlement there. If you have someone else you wish to use, I would need to see there license from the Arizona Department of Insurance' and I wonder if it has anything to do with escrow and insurance?
     
    AwayWeGo likes this.
  8. DeniseM

    DeniseM Moderator

    Joined:
    Jun 6, 2005
    Messages:
    53,033
    Likes Received:
    2,523
    Trophy Points:
    1,499
    The easiest way to do this it to call LTT and ask them...
     
    AwayWeGo and mpumilia like this.
  9. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

    Joined:
    Feb 10, 2007
    Messages:
    20,672
    Likes Received:
    4,116
    Trophy Points:
    599
    Location:
    Twin Falls, Eye-Duh-Hoe
    Who is, "This guy'?
     
    AwayWeGo likes this.
  10. Venter

    Venter TUG Member

    Joined:
    Oct 3, 2009
    Messages:
    298
    Likes Received:
    28
    Trophy Points:
    138
    Location:
    Cincinnati
    This guy is the broker. I do not want to give names at this stage as I already feel uncomfortable posting our correspondance, but I also do not want to be done in.
     
    AwayWeGo likes this.
  11. echino

    echino TUG Member

    Joined:
    Dec 2, 2008
    Messages:
    418
    Likes Received:
    199
    Trophy Points:
    254
    Location:
    Vancouver
    Resorts Owned:
    Hyatt Piñon Pointe
    Harborside Resort at Atlantis
    Marriott's Canyon Villas
    Marriott's St. Kitts Beach Club
    Not sure about escrow, my Hyatt Piñon Pointe transactions involving LT Transfers were direct payments between buyer and seller, without escrow.

    I wouldn't trust a broker about licensing requirements, they want your business and are not interested in you learning you don't really need them.

    You can do a simple Arizona transfer yourself. You need to take the existing deed and modify it by inserting current info on buyer and seller. Then the seller signs the new deed before a notary. Then you send the deed for recording to Arizona county. Then you send the recorded deed to Hyatt.

    No transfer company required and certainly no license. You can hire a closing company like LT Transfers to make sure everything is done correctly.
     
    AwayWeGo likes this.
  12. Avislo

    Avislo TUG Member

    Joined:
    Feb 25, 2017
    Messages:
    1,615
    Likes Received:
    135
    Trophy Points:
    123
    In my opinion, it is best to use a attorney in the state the resort is in. Is LLT Legal Timeshare Transfers either currently or in the past? If so, I believe their was a long thread on the issue of licensing ect.
     
    AwayWeGo likes this.
  13. AZLatin5

    AZLatin5 TUG Member

    Joined:
    May 1, 2009
    Messages:
    29
    Likes Received:
    6
    Trophy Points:
    213
    Location:
    Arizona
    Resorts Owned:
    Grand Pacific Palisafes
    Wyndham Oceanside Pier
    Wyndham Flagstaff
    Blue Whale
    I live in az and purchased a resale in Az and Ca I used LTT for both without issue.
     
    AwayWeGo likes this.
  14. DeniseM

    DeniseM Moderator

    Joined:
    Jun 6, 2005
    Messages:
    53,033
    Likes Received:
    2,523
    Trophy Points:
    1,499
    In my opinion, it completely foolish to pay an attorney to do a little routine paperwork.

    Seriously? - We all know that you are "Robert/rrLongwell/lcml11" so don't try to pretend that you aren't the very same Robert from that thread.

    It went badly for you - let me refresh your memory:
    -You tried and failed, to throw LTT under the bus.
    -You came out looking like a fool, because LTT is has an attorney on staff and they are licensed.
    -It was also priceless when you inadvertantly posted your own home address in the thread.

    Let me know if you'd like to discuss this further, Robert.
     
    Last edited: Oct 21, 2018
    AwayWeGo and DannyTS like this.
  15. Avislo

    Avislo TUG Member

    Joined:
    Feb 25, 2017
    Messages:
    1,615
    Likes Received:
    135
    Trophy Points:
    123
    No thank you.
     
    AwayWeGo likes this.
  16. Venter

    Venter TUG Member

    Joined:
    Oct 3, 2009
    Messages:
    298
    Likes Received:
    28
    Trophy Points:
    138
    Location:
    Cincinnati
    If I want an Estoppel, can I contact the resort myself with the deed number etc?
    Could I set up the Escrow myself? Do they keep the money and thwn pay once I have the deed and title?
    You guys are great with tgis education thing.
     
    AwayWeGo likes this.
  17. Avislo

    Avislo TUG Member

    Joined:
    Feb 25, 2017
    Messages:
    1,615
    Likes Received:
    135
    Trophy Points:
    123
    You may want to see if they do escrow accounts. You can contact the resort before owning the deed, however, do not be surprised if you have to get from the seller/seller agent.
     
    AwayWeGo likes this.
  18. DeniseM

    DeniseM Moderator

    Joined:
    Jun 6, 2005
    Messages:
    53,033
    Likes Received:
    2,523
    Trophy Points:
    1,499
    -Some resorts will send an Estoppel directly to an owner, and some will only send them to the title company, but I don't think they will send it to a buyer. You don't have the authority to request it.

    -Redweek offers escrow, but it's not cheap, and you will have to see if the broker you are buying from will agree to it.

    -If you have never transferred a title yourself before - you would be better off using a professional title company.
     
    AwayWeGo likes this.
  19. Avislo

    Avislo TUG Member

    Joined:
    Feb 25, 2017
    Messages:
    1,615
    Likes Received:
    135
    Trophy Points:
    123
    A review of the website page listed below gives the procedures to follow if someone is selling a timeshare. It appears to me that this firm solicits for seller/seller agent customers. Did not see any mention of procedures for buyers to follow on this page. The above poster indicated that you might want to consider a professional title company if you never transferred a title yourself before. That is a thought worthy of consideration.

    http://www.lttransfers.com/index-2.html
     
    Last edited: Oct 22, 2018
    AwayWeGo likes this.
  20. SmithOp

    SmithOp TUG Member

    Joined:
    Jun 17, 2010
    Messages:
    5,037
    Likes Received:
    834
    Trophy Points:
    299
    Location:
    Costa Mesa, CA
    Resorts Owned:
    HGVC King's Land 2BR Premier 14.4K Points.
    LT will hold the check from the buyer and release it to the seller once the transfer is complete. I’ve completed this type of transaction with LT for a Hawaii timeshare, sold for $3K. This was a private sale between individuals.

    I purchased a Hawaii timeshare in a different transaction and used a licensed Hawaii escrow agent in that case,the amount was $12K. I purchased through a broker.

    Brokers will tend to want to use a licensed escrow agent.




    Sent from my iPad using Tapatalk Pro
     
    AwayWeGo likes this.
  21. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

    Joined:
    May 20, 2006
    Messages:
    27,247
    Likes Received:
    2,305
    Trophy Points:
    699
    Location:
    NE Florida
    Resorts Owned:
    Marriott's Grande Vista
    Marriott's Harbour Lake
    SVV - Bella
    SVV - Key West
    I don't think they do this anymore to Hawaii and they now offer an escrow service for an additional $50 through a separate entity in those states where they can. Hawaii is not one of them.
     
    Last edited: Oct 22, 2018
    AwayWeGo likes this.
  22. theo

    theo TUG Review Crew: Veteran TUG Member

    Joined:
    Mar 21, 2007
    Messages:
    8,418
    Likes Received:
    1,280
    Trophy Points:
    448
    Location:
    New England Coast
    In my experiences with LTT (all were private transactions with no broker involvement), the escrow of funds was handled by a (GA) licensed attorney, whose name I don't recall. Unless I'm mistaken (always a distinct possibility), the buyer check gets written to the escrow account and is cashed. Those funds are then held in escrow with / by attorney; a different check is issued to the seller via attorney after closing. In other words, escrowed funds are not literally "held" by LTT itself. This makes perfect sense, of course; if buyer issues a bad check, it's not useful to pass that same bad check along to the seller later.

    Perhaps an unimportant distinction; just chiming in with a relevant point / clarification.

    None of my transactions involved Hawaii and I do not claim to know anything at all about procedures or requirements which may be unique to Hawaii timeshare transactions.
     
    Last edited: Oct 24, 2018

Share This Page