Inexpensive title transfer?? [merged]

[tombo]

Actually our law firm does timeshare foreclosures. And no, if the deed does not transfer title completely, as in the examples above, the rule is you name everyone that has held title back to a good title. That is the policy wether it is a timeshare or a million dollar house.

So while tombo transferred title to jimbo and the title contained a defect and did not legally transfer title and 5 years from now, Jimbo quits paying his maintenance fees and the Association goes to foreclose and they turn it over to the attorney, when title search is done AND the deed was not sufficent to pass title to Jimbo, both Tombo and Jimbo will be named in the foreclosure in order to make sure all parties having an interest or appearing to have an interest are named so that at the conclusion of the foreclosure title is clear again.

So, tell me, is it worth that risk down the road that the deadbeat Jimbo, just put a foreclosure on your public records section of your credit report.

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Simple transaction, all parties agree that a transfer has occurred (buyer, seller, resort, state), yet later down the road if any legal i is not dotted then lawyers can place a foreclosure on the current owner and the original seller. Why not simply send a letter to the original seller to see if they want to retain any interest in the week? If the previous owner signs a form saying he has no interest or ownership in the week then foreclose on the current owner. Instead lawyers sue everyone who they can show to be possibly involved, place collections on anyone who is possibly involved, and place foreclosures forcing people to hire lawyers to save their credit rating over something they did in good faith.

Lawyers force people to hire lawyers to perform simple tasks to prevent being sued. It is a racket. As a lawyer once told me, you can sue anyone you feel like suing whether they have done something wrong or not. You might not win but you can sue them. This is why lawyers are so disliked. JMHO

 

[tombo]

Never once have I or the others said don't go the cheapest route, many lawyers prepare deeds all day long for $100 to $150. All that has been said and continues to be said, the out of state companies that do not follow the laws in what they do are not necessiarly the people that should be trying to pass title. Title work is not a one size fits all and the actual forms and the actual teancy varies greatly in how it is done.

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Finding a lawyer in each state to transfer timeshare titles for $100 to $150 would be great. I have no clue where to begin looking for attorneys who will do this service for that price range. Please let me know where I can find a list of attorneys in each state willing to do the transfers for $100 to $150. That would be the easiest and safest way to do the transfers. I need Tennessee, North Carolina, Florida, South Carolina, and Alabama. Thanks in advance, Tom

 

[richardm]

Here you go... Deed prep by properly licensed attorneys for as low as $85.

http://justdeeds.com

 

[tombo]

Thanks for the link. I have never seen or even heard of that company. Are there any TUGGERS who have experience with just deeds?

 

[TUGBrian]

http://tug2.net/timeshare_advice/timeshare_closing_requirements_by_state.html

 

[chemteach]

The OP must wonder..........."what happened? I didn't mean to start nuth'in."

Well - at least I got my question answered...

 

[Time2Buy]

Most Tuggers would not have the expertise to know if a deed is prepared properly or not, so I guess sometimes ignorance may be bliss until something blows up.

A seller that I am negotiating with wants to use Chicago Title Timeshare in Escondido, California. Does anyone have any experience with them? I'm concerned by the discussions here that the deed be properly prepared since the property I am purchasing is in Hawaii.

The Seller is paying the closing costs so I'm not sure that I can demand a different closing company.

Thanks,

Greg

 

[DeniseM]

A seller that I am negotiating with wants to use Chicago Title Timeshare in Escondido, California. Does anyone have any experience with them? I'm concerned by the discussions here that the deed be properly prepared since the property I am purchasing is in Hawaii.

The Seller is paying the closing costs so I'm not sure that I can demand a different closing company.

Thanks,

Greg

Suggestion: Ask them if they comply with Hawaii Law when they do the transfer. If they don't know what the law is, that's a good sign that they do not.