Hi,
I hope everyone had a great holiday season.
Anyway, I have few questions regarding the closing process steps with Marriott timeshare.
I received this message from my closing agent and I wonder if it sounds right. Should they start working on the deed first before sending the letter to Marriott for their Right of First Refusal?
Here is the copy of her email:
"I will be the closing agent assisting you with this purchase. I wanted to let you know that I will be sending in the Right of First Refusal to Marriott. Once received, they have 30 days by law to respond to us. After we have received a copy of the original recorded deed back from the county recorder’s office, and the waiver from Marriott, we will begin preparing the new deed, to transfer the property into your name at the county level. This takes an average of 4-6 weeks once the county recorder receives the documents. The next and final step would be to receive the recorded deed back from the recorder, and forward a copy of it to the resort. With your particular resort Marriott it is taking an average of 6-8 weeks for them to complete the transfer of ownership. At this point, once the transfer is confirmed, Marriott will send you out a welcome package, giving you your new account number, and other valuable information. I would also like to ask how you would like to take title on the deed."
What do you think? Is it the correct way? For some reasons, I think it is a bit odd... Any advise/comments that I should ask the agent?
Thanks!!!
MN
I hope everyone had a great holiday season.
Anyway, I have few questions regarding the closing process steps with Marriott timeshare.
I received this message from my closing agent and I wonder if it sounds right. Should they start working on the deed first before sending the letter to Marriott for their Right of First Refusal?
Here is the copy of her email:
"I will be the closing agent assisting you with this purchase. I wanted to let you know that I will be sending in the Right of First Refusal to Marriott. Once received, they have 30 days by law to respond to us. After we have received a copy of the original recorded deed back from the county recorder’s office, and the waiver from Marriott, we will begin preparing the new deed, to transfer the property into your name at the county level. This takes an average of 4-6 weeks once the county recorder receives the documents. The next and final step would be to receive the recorded deed back from the recorder, and forward a copy of it to the resort. With your particular resort Marriott it is taking an average of 6-8 weeks for them to complete the transfer of ownership. At this point, once the transfer is confirmed, Marriott will send you out a welcome package, giving you your new account number, and other valuable information. I would also like to ask how you would like to take title on the deed."
What do you think? Is it the correct way? For some reasons, I think it is a bit odd... Any advise/comments that I should ask the agent?
Thanks!!!
MN