- Joined
- Jan 8, 2012
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- San Diego
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- Sands of Kahana, Desert Springs I, DSV2, Shadow Ridge Enclaves Dlx
I'm wondering if any fellow "tugger" has found an economical way to do a closing on a Hawaii timeshare?
Before someone suggests LT Transfer, they are severely limited (by Hawaii law) from handling escrow.
I spoke with Mary Pless today, one of the principals in LT Transfer. She explained that they sometimes do "soft escrows" (holding and releasing a cashiers check from buyer to seller) but cannot do that for Hawaii. Apparently the Hawaii transfer and escrow people have been able to get the Hawaii laws changed to favor the on-island escrow companies. Actually to give them a monopoly.
LT Transfer can do all of the necessary paperwork for title changes, gifting, trust changes, etc. as long as they do not get involved in any way with holding or handling of any monies. Also, she said that if a buyer and seller are working together and 100% handling their own financial payment details that LT Transfer could do the necessary title transfer work. But they cannot be a part of, or involved in any way with the financial transaction.
So, who have fellow tuggers used recently and roughly what did it cost? An acquaintance of mine got a quote from a Hawaii escrow company for around $1K - - seems like way too much....
Please share your recent experience.....
Before someone suggests LT Transfer, they are severely limited (by Hawaii law) from handling escrow.
I spoke with Mary Pless today, one of the principals in LT Transfer. She explained that they sometimes do "soft escrows" (holding and releasing a cashiers check from buyer to seller) but cannot do that for Hawaii. Apparently the Hawaii transfer and escrow people have been able to get the Hawaii laws changed to favor the on-island escrow companies. Actually to give them a monopoly.
LT Transfer can do all of the necessary paperwork for title changes, gifting, trust changes, etc. as long as they do not get involved in any way with holding or handling of any monies. Also, she said that if a buyer and seller are working together and 100% handling their own financial payment details that LT Transfer could do the necessary title transfer work. But they cannot be a part of, or involved in any way with the financial transaction.
So, who have fellow tuggers used recently and roughly what did it cost? An acquaintance of mine got a quote from a Hawaii escrow company for around $1K - - seems like way too much....
Please share your recent experience.....