How to Dump Timeshare - Sands of Kahana

[jj2]

Deed was transferred to my name.

Interestingly, I found out today when I contacted LT Transfers with some questions that they will only do transfers on Hawaii timeshares for name changes or gifting. No sales. I told them I knew about the fact they weren't licensed to handle Escrow in Hawaii, but the buyer and seller could work with an Escrow company separately. They said there's a little extra work with tax-related document prep so they just plain won't handle transfers on sales. Only name changes and gifting.

So here's my question. I have a good friend I'd be willing to gift it to as they expressed interest and I owe them a favor so I'm fine giving it away to them. I know there are no encumbrances/liens on the title. I read about a quitclaim deed which is precisely for transferring ownership of real estate to a friend or family member without warranty. There are templates for it all over the place. It seems to me that is what LT Transfers is basically saying is that they only will do quitclaim deeds for Hawaii. So why wouldn't I just use a template and file a quitclaim deed with Maui County directly myself, then contact the management company, give them a copy of the new Deed and pay the $550 transfer fee saving a few hundred bucks? Although it may be worth paying LT Transfers to make sure it's all done properly.

I believe the first step though would be to get an Estoppel Letter from the Soleil Management company, correct?

 

[Ty1on]

Although it may be worth paying LT Transfers to make sure it's all done properly.

This right here.

 

[rickandcindy23]

You can do a quit claim deed and that works just fine, but the problem comes when your friend wants to sell because a quitclaim has to be transferred as a quit claim. As long as your friiend doesn't mind, that works.

 

[easyrider]

Who misled who about what?

If you were told that you are required to accept this inheritance by SOK that would be misleading. It seems that this is not what happened. As others have said you can try to give it away on the Tug bargain section. Another way to get rid of this is go to Sands of Kahana'a facebook page and see if there is some interest. It could be that a SOK owner would want it. Some resorts have multiple fb pages started by people buying and selling these. I linked one below.

Bill

123 Maui

123 Maui. 1,177 likes. Hawaii is calling!!! Luxurious Maui Condo right on the sandy Beach of Kahana (North Lahaina).

www.facebook.com

 

[rickandcindy23]

As far as which week you should reserve, should you want to rent it, the only weeks most people want are whale season, January-March. It's very popular.

 

[TheTimeTraveler]

As far as which week you should reserve, should you want to rent it, the only weeks most people want are whale season, January-March. It's very popular.

This is very true, HOWEVER, is it now too late to snatch that week for 2022 use? I bet it may be long gone......




.

 

[jj2]

Thanks for the additional advice.

@rickandcindy23 @BJRSanDiego My friend wants to know should he end up not being able to sell it or even give it away later, can he quitclaim it to Kainoa Properties (at least as one option to propose.) I would assume so since there would be no purchase transaction involved or would Kainoa Properties be forced to go through a foreclosure process if back dues were owed?

 

[BJRSanDiego]

Thanks for the additional advice.

@rickandcindy23 @BJRSanDiego My friend wants to know should he end up not being able to sell it or even give it away later, can he quitclaim it to Kainoa Properties (at least as one option to propose.) I would assume so since there would be no purchase transaction involved or would Kainoa Properties be forced to go through a foreclosure process if back dues were owed?

There is a Facebook page called Sands of Kahana Concerned owners. It is associated with a group with the same name. If you don't get enough action from your tug for-sale post, consider contacting Marc Nelson at 76sokco@gmail.com. He has a mailing list of hundreds of SOK owners and for a small fee will contact those people on your behalf. Also, there is another FB group called Sands of Kahana Owners. Perhaps you could post your For Sale there.

Regarding Quit Claiming to Kainoa, I don't have the legal background to respond. I spoke with a representative of Kainoa Properties this afternoon (I'm on Maui at the Sands right now). I was told by a sales person that they are not currently doing deed backs BUT they might consider that on a case-by-case basis. (BTW, The 3 BR units are easier to dispose than the 1 BR units IMHO). I think that if a person put together a "tear jerker" of a story about being in dier straits, unable to pay MF, having stage 4 cancer, being out-of-work, etc. etc., that they may do a deed back. If your story plays on human sympathy PLUS they figure out that you aren't going to pay any MF and that they would otherwise have to foreclose, that they might do a deed back. Being current on MF would be a plus. I think that there would be no cost involved in the deed transfer and they would handle the paperwork. If you want to pursue that, send me a private mail through tug and I'll provide you contact info with the GM of Kainoa. Just a disclosure: I'm not associated with them or the mgmt co. and have no financial interest in any of this.

 

[BigTimeOwner]

Sands of K is really the best deal on Maui, yes it is not a Marriott but you are on the shore, in Hawaii , in Maui.... reserve during the hot season, winter when there are whales to watch. IT is true you can purchase there for a few dollars. but the key is when when when, and I have a question
HOW did you name get attached to the deed ??? if you did it then just walk

 

[BJRSanDiego]

This is very true, HOWEVER, is it now too late to snatch that week for 2022 use? I bet it may be long gone......




.

Yes, it is too late to snatch Jan, Feb or March. But, if you are planning on using it yourself, reserve whatever you can get. We just returned from 2 weeks at the Sands and the weather was great. Good tradewinds kept the unit pleasant.