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help need closing company

armlem2

TUG Member
Joined
Jun 6, 2005
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Tiverton, RI
Hi Folks, I could use your advise and suggestions. I just sold a timeshare on ebay and now would like to offer the buy a choice of closing companies. Does anyone know of one that is reasonable and trustworth. Thanks
 

JoAnn

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Lehigh Acres FL
LisaH said:
TS Transfers does a great job and the cost is very reasonable. Alan is also a Tugger who post here from time to time. Here is his website: http://www.timetraveltraders.com/

I just contacted TS Transfers because I have a unit I need to close on too, and he told me they "only do deed work" no escrow services, in case that makes a difference to you.
 

LisaH

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That's true, but for most of the timeshares that cost less than $5000, I find using escrow unnecessary. What I have done in the past is to have the buyer put down a modest deposit, then the seller will send all the necessary documents related to the transfer to TS Transfer. Once TS Transfer has all the needed documents, he will inform the buyer. At this point, the buyer sends the remaining balance to the seller. This way, TS Transfer is kind of acting as a safe gate. If the buyer does not send the money, TS Transfer will not go through the closing. Of course this takes some trust and understanding from both parties, but it has been working out pretty well for us, either as a buyer or a seller. BTW, you can also use some third party for escrow.
 
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