buying a resale escrow [WKORV]

[dsriff]

I am buying a unit at the Westin Kanapaali as a resale. Questions,,,whom do I use to do the escrow...anything I need to watch out for in particular to prevent myself from getting screwed on this..? Thanks

 

[richardm]

Use a title company or attorney familiar with the resort that has handled closings there in the past. I'd also recommend you pay for a title search. Finally, be aware some closing agents have been experiencing huge delays with Hawaii closings, so ask up front about expected timelines.

If you want a few referrals, send me a private message.

 

[DeniseM]

Hi and welcome to TUG!

We have a very active Starwood Board here and many WKORV owners - please come by and talk some timeshare with us. At the top of the board your will find many resources for Starwood owners.

I am going to move your post to that board.

 

[dsriff]

Use a title company or attorney familiar with the resort that has handled closings there in the past. I'd also recommend you pay for a title search. Finally, be aware some closing agents have been experiencing huge delays with Hawaii closings, so ask up front about expected timelines.

If you want a few referrals, send me a private message.

////////////////////////////I would love to get the referrals from you...dsriff@aol.com

 

[DeniseM]

I bought WKORV from the developer, so I can't help you - did you see the response from RichardM?

Are some of the keys on your computer stuck?

 

[Troopers]

Expect the process to take 5 months.

 

[LisaRex]

We bought resale at WKORV-N in February, IIRC, and eventually settled in August. The process was delayed because the original owner didn't have the deed from Starwood yet.

 

[DavidnRobin]

Old Republic Title and Escrow of Hawaii, Pacific Guardian Center, 733 Bishop Street, Suite 2700, Honolulu, HI 96813

is the one I have listed from my buying of WKORV thru a broker who reads TUG (Syed Sarmad. Advantage Vacation LLC. Phone 800-775-4493)

There is also Island Title (no address).

btw - 5 months would be way too long with a Title Company that has their act together - ours happened in about 4-6 weeks (Jan 2005)

 

[fasha39]

No way it should take 5 months, ours took 1 1/2.

 

[jkrischt]

Old Republic Title and Escrow of Hawaii, Pacific Guardian Center, 733 Bishop Street, Suite 2700, Honolulu, HI 96813

is the one I have listed from my buying of WKORV thru a broker who reads TUG (Syed Sarmad. Advantage Vacation LLC. Phone 800-775-4493)

There is also Island Title (no address).

btw - 5 months would be way too long with a Title Company that has their act together - ours happened in about 4-6 weeks (Jan 2005)

I used Old Republic Title and Escrow and everything was exremely smooth. Our transfer was more in the range of 4 - 6 weeks as well. Not 5 months.

Brad

 

[glenn1000]

Taking ownership in the Starwood system does not take that long in my experience but getting the recorded deed from the state of Hawaii takes a long time. There is nothing you need the deed for anyway, unless you plan to sell right away, so not really a big deal IMO.

 

[Troopers]

No way it should take 5 months, ours took 1 1/2.

I'm impressed. My two resales took 5 months from signing the agreement to get into Starwood system.

 

[DeniseM]

Taking ownership in the Starwood system does not take that long in my experience but getting the recorded deed from the state of Hawaii takes a long time. There is nothing you need the deed for anyway, unless you plan to sell right away, so not really a big deal IMO.

Actually, the deed must be recorded and sent to Starwood before Starwood will recognize you as the new owner. There are instructions in Owner Resources to send the recorded deed to Starwood yourself.

 

[DavidnRobin]

Actually, the deed must be recorded and sent to Starwood before Starwood will recognize you as the new owner. There are instructions in Owner Resources to send the recorded deed to Starwood yourself.

Jose Pagan (SVO Title Star) had me in their system and on MSC in a matter of hours - I hope SVO did not find him so competent that they got rid of him...

 

[vacationtime1]

Jose Pagan (SVO Title Star) had me in their system and on MSC in a matter of hours - I hope SVO did not find him so competent that they got rid of him...

Jose was there in February and provided similar first class service for us.

Our WKORV purchase closed and recorded within five days of when I wired the funds for the purchase (we wrangled over one of the terms for a couple of weeks and I didn't fund the escrow until that was resolved).

Our agent, Syed Sarmad, is a star. Old Republic Title did the escrow. Old Republic walked the deed through the recorder's office, obtained a conformed copy, and faxed it to Starwood; Starwood recognized the transfer two days later.

 

[DeniseM]

Actually, the deed must be recorded and sent to Starwood before Starwood will recognize you as the new owner. There are instructions in Owner Resources to send the recorded deed to Starwood yourself.

On March 25th, someone else responded to my email when I sent them my SVR deed:

Anaberta Ubiles (Annie)
Title Coordinator
Starwood Vacation Ownership

I don't know if this is a change, or they have more than one title coordinator?

 

[glenn1000]

Actually, the deed must be recorded and sent to Starwood before Starwood will recognize you as the new owner. There are instructions in Owner Resources to send the recorded deed to Starwood yourself.

I meant that the long delay was receiving a hard copy of our deed from Hawaii after it had been recorded. It seemed to take many, many months though, as you say, it must have been recorded since Starwood transferred ownership to us much earlier.

 

[Dave H]

On March 25th, someone else responded to my email when I sent them my SVR deed:

Anaberta Ubiles (Annie)
Title Coordinator
Starwood Vacation Ownership

I don't know if this is a change, or they have more than one title coordinator?

They have several. Jose is still there, I deal with him on a very regular basis

Dave

 

[DeniseM]

I meant that the long delay was receiving a hard copy of our deed from Hawaii after it had been recorded. It seemed to take many, many months though, as you say, it must have been recorded since Starwood transferred ownership to us much earlier.

You actually get the hard copy from your closing company...