tfalk
newbie
Just putting this out there, hopefully we are the only ones stuck dealing with this... If you have a 'resale' week that you bought many years ago, you might want to check your title documents...
We bought a resale week on 1992 from Pahio at KaEoKai. At the time, I thought we were
purchasing it directly from the resort and never paid any attention to the deed. BIG mistake...
Apparently KaEoKai had the deed transferred directly from the previous owners to us using
Hawaii Escrow and Title (HET). We tried to ovation the week last year, Wyndham refused it
because they claimed there was 'a cloud' on the title...
As it turns out, the previous owners had a mortgage through a bank in the midwest. They paid
off the mortgage and HET recorded a release. Unfortunately, they recorded it incorrectly. The
release does not point back to the original mortgage, it points to some other document. Based
on that, Wyndham said we needed to get a correct release of mortgage filed.
The bank in the midwest was liquidated in 2011. HET went out of business years ago and this
is past the date that the records had to be retained...
So, we now have a week that we can't sell, can't give away and can't give back to Wyndham.
Only advice we've been given so far is stop paying the maintenance fees and let it go into foreclosure... really nice to know I'm going to have to take a credit it to fix someone else's screwup 26 years ago
We bought a resale week on 1992 from Pahio at KaEoKai. At the time, I thought we were
purchasing it directly from the resort and never paid any attention to the deed. BIG mistake...
Apparently KaEoKai had the deed transferred directly from the previous owners to us using
Hawaii Escrow and Title (HET). We tried to ovation the week last year, Wyndham refused it
because they claimed there was 'a cloud' on the title...
As it turns out, the previous owners had a mortgage through a bank in the midwest. They paid
off the mortgage and HET recorded a release. Unfortunately, they recorded it incorrectly. The
release does not point back to the original mortgage, it points to some other document. Based
on that, Wyndham said we needed to get a correct release of mortgage filed.
The bank in the midwest was liquidated in 2011. HET went out of business years ago and this
is past the date that the records had to be retained...
So, we now have a week that we can't sell, can't give away and can't give back to Wyndham.
Only advice we've been given so far is stop paying the maintenance fees and let it go into foreclosure... really nice to know I'm going to have to take a credit it to fix someone else's screwup 26 years ago