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Issuing estoppel

linsj

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Two resale companies told me they already have it for the properties they listed for sale. Another told me Hilton doesn't release it until they (Hilton) get a purchase agreement. The latter sounds fishy since I would never sign an agreement without seeing the estoppel.

So when does Hilton issue the estoppel letter?
 

Helios

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Two resale companies told me they already have it for the properties they listed for sale. Another told me Hilton doesn't release it until they (Hilton) get a purchase agreement. The latter sounds fishy since I would never sign an agreement without seeing the estoppel.

So when does Hilton issue the estoppel letter?

Mine was issued when the unit passed ROFR.
 

SmithOp

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Two resale companies told me they already have it for the properties they listed for sale. Another told me Hilton doesn't release it until they (Hilton) get a purchase agreement. The latter sounds fishy since I would never sign an agreement without seeing the estoppel.



So when does Hilton issue the estoppel letter?


Its the first step in the transfer process, someone has to pay the fee, estoppel is only good for 45 days from issue. It is also used to record HGVC waiver of ROFR, so a sales agreement with price has to be submitted with the fee.

Here are the notes from a recent transfer I completed.

40b26d3411dca6d441e505b3a80951a6.jpg



Edit PS: The sales agreement should state the number of points, etc. and that it becomes null and void if estoppel does not match. The first two companies sound fishy to me if they already have one...

Sent from my iPad Mini 4 using Tapatalk
 
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flexonguy

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Increased Activation cost

Club activation fee is now $535. Estoppel fee's are now increased to $49. So as they increase the fee's they devalue your timeshare's value and can decrease the sell price of the resale. If they do that enough they can buy them back cheaper with ROFR. Who needs a developer when you can profit on these fee increases. Just think of all of the fee's that they can increase! That is why we are now seeing more HGVC resale's where the sellers are paying closing costs and transfer fees on the auction sites...:doh:
 
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Panina

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On the unit I purchased, I saw the estoppel letter once I had interest in the timeshare. I did not have to wait for rofr.
 

JSparling

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Two resale companies told me they already have it for the properties they listed for sale. Another told me Hilton doesn't release it until they (Hilton) get a purchase agreement. The latter sounds fishy since I would never sign an agreement without seeing the estoppel.

So when does Hilton issue the estoppel letter?

HGVC will issue the estoppel, or as many as you want, whenever they are requested and paid for. The problem with someone telling you that they "already have it" is that the points stated may no longer be available. Let's say it lists all the 2016 points as still in the account. But since the time the estoppel was created by HGVC the seller has used all, or some, of the points.

You need the current estoppel. Pay the $49 or whatever it is and demand a new one.
 
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