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First Right of Refusal question

K

korndoc

TUG Member
Joined
Mar 28, 2006
Messages
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Location
San Diego, CA
Is there any financial risk to a buyer should a proposed sale get whacked due to 1st Right of Refusal by the timeshare company, say Westin or Marriott?
Thanks,
Jeff
 
I don't see how there would be.

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Only financial risk is the opportunity cost of what you've paid as a deposit while awaiting the ROFR decision. If ROFR is exercised you get your deposit back.
 
None. You just have to find another deal.
 
None as long as you are working with a trustworthy seller.


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I just found out if you go with LT Transfers they charge a $50 fee to issue ROFR paperwork. If exercised they keep, if not and it makes it through they reimburse.
 
No generic response to this question is accurate. As noted above, it depends on your contract with the seller.
 
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