Hello.
I won 7K WM pts on eBay last month and was informed three weeks later that the transfer was completed. A few days later, I received a welcome e-mail from WM along with password so I assume that the transfer was indeed complete.
When I asked the eBay seller regarding the TS deed, he told that there isn't any since WM is point based TS. OK... kinda makes sense but what's with Power of Attorney, copies of ID and SSN? I was asked to provide those documents and I naturally thought that there would be some kind of official recording involved (it's still an ownership, right?). In addition, the seller charged me $399 for closing (WM transfer fee was extra, of course). If there is no deed or official recording, what's the point of closing? Is WM the only entity involved in ownership transfer process?
I am really confused. Please help. Thanks.
I won 7K WM pts on eBay last month and was informed three weeks later that the transfer was completed. A few days later, I received a welcome e-mail from WM along with password so I assume that the transfer was indeed complete.
When I asked the eBay seller regarding the TS deed, he told that there isn't any since WM is point based TS. OK... kinda makes sense but what's with Power of Attorney, copies of ID and SSN? I was asked to provide those documents and I naturally thought that there would be some kind of official recording involved (it's still an ownership, right?). In addition, the seller charged me $399 for closing (WM transfer fee was extra, of course). If there is no deed or official recording, what's the point of closing? Is WM the only entity involved in ownership transfer process?
I am really confused. Please help. Thanks.