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Closing Fees for Timeshare with multiple deeds?

werdmann

newbie
Joined
Nov 11, 2015
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Chicago
Hi,

I was wondering, if a timeshare had its points divided into 3 different deeds (each representing a different week), would you have to pay a closing company for each deed to transfer ownership? I called my timeshare company and they treat these three deeds as a single account so only charge one transfer fee. They could not give me a clear answer on the deeds though for closing. Hoping someone has some experience here and can answer this.
 

DeniseM

Moderator
Joined
Jun 6, 2005
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Location
Northern, CA
Resorts Owned
WKORV, WKV, SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim) NEW: 2 Lawa'i Beach Resort!
With 3 separate deeds, the closing company has to do 3 times the work, so I suspect that you'll have to pay for 3 transfers.

Here is a reputable company that belongs to TUG, that you could contact to ask:

L.T. Transfers
Lisa Short and Mary Pless
http://www.lttransfers.com/
readylegal@gmail.com
706.219.2709
 

tschwa2

TUG Review Crew: Veteran
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Location
Maryland
Resorts Owned
A few in S and VA, a single resort in NC, MD, PA, and UT, plus Jamaica and the Bahamas
Bluegreen, Shell, or a different one?
Did you acquire them at 3 different times? Are they in points or true deeded weeks?

Do you have a single owner taking all three deeds?
 

AriMorgan

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Feb 23, 2015
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Springfield, MO
Just depends on the resort. Most resorts will charge 3 separate transfers. if they do not it depends on what is being done with the deeds. If you already found a buyer or someone to take over your maintenance fees then they could probably work with you but if they are doing all the work then you would probably pay 3 separate closing costs.
 
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