LT Transfers - questions

[hurnik]

So for those of you that have used LT Transfers:

Do they do all the paperwork required?

Like the seller fills out the paperwork, sends copy of deed, and then does LT Transfer "prep" the estimation of closing costs document so that the buyer is aware of stuff?

Specific to HGVC that is.

I know what "typical" closing costs are via 2 other resale brokers I've used, I imagine some are "standard"?

MF for 2018 are fully paid, BTW, for the one the seller wants to get rid of.

Then how do they deal with the closing costs, if say, the seller is willing to pay for them (minus probably the $599 HGVC Club Activation fee or whatever)?

 

[Talent312]

I've used 'em for two purchases - one HGVC-Affiliate, one not HGVC.

IIRC, either party submits an info sheet and a copy the seller's deed.
They will also want a copy of a contract which specifies who pays what.
They invoice $$ to close, and if requested, escrow payments (for a fee).
In my buys, I paid the sales-price directly to the seller.

They may or may not do the Estoppel, ROFR notice to HGVC
... You'll have to ask them about that.
They prepare the new deed, record it and submit for transfer.

Their fees are *$150 for closing, $10 for postage, plus recording fees.
*Certain states are $195-225.

Here is a link to their website: http://www.lttransfers.com/

.

 

[hurnik]

Thanks Talent312

So basically looks as easy as using this site to prepare the contract:
http://www.tstdocuments.com/

Then using LTTransfers to record the deed and whatnot.

I'll inquire about the estoppel and ROFR

 

[VacationForever]

LT Transfer will provide a sales and purchase agreement template as well.

 

[DeniseM]

I have used LT Transfers many times (currently transferring two TS's with them.) They will handle everything for you.

Whoever is paying the closing costs will send a check to LT Transfers, so if both parties are paying fees, both may send checks. This usually includes the fees that have to be paid to the TS management company, and may include the maintenance fees if they are due/past due.

There are really no standard fees, except for the fees charged by the TS management company.

LT will:
-walk you through the process
-get a copy of the current deed from the county if necessary (if you can't find it)
-provide a purchase agreement
-acquire an estoppel from the TS management company
-verify any fees charged by the TS management company
-work with the other party in your transaction
-prepare deeds
-send Docs to county recording office
-send recorded deeds to timeshare title office.

 

[Panina]

I’ve used LT transfers multiple times. I am very happy with them. They will guide you thru the whole process. Do ask them how long it will take them to get to your paperwork. They are very popular because they do good work and are reasonably priced that sometimes there is a few week wait.

 

[DaveNV]

I've used them before, and will use them again. They're good at what they do. If you have questions about a specific sales process, ask them up front. They're very responsive.

Dave

 

[hurnik]

Thanks all!

This sounds like a good company and a good place to start.

 

[silentg]

We have used them as well. Very easy to deal with. Especially on complicated transactions.

 

[hurnik]

Thanks all! I've started the ball rolling.

The closing fees are EXTREMELY reasonable (especially compared to Judi Koz where it was $425 plus anther $129 and that was just for the TRCS Closing Company fees and they screwed up 9 ways to Sunday).

Does anyone know if Hilton exercises ROFR, does the $399 transfer ownership fee still apply?

 

[GT75]

does the $399 transfer ownership fee still apply?

yes

Does anyone know if Hilton exercises ROFR

Which property?

 

[hurnik]

yes



Which property?

So according to LT Transfers, if Hilton exercises the ROFR, there is no $399 fee.
This is for HGVC Seaworld, so I know there is ROFR, it was an "if they do choose to exercise it" type of question.

But according to LT Transfers, you can GIFT a timeshare and if Hilton approves the gifting, there IS no ROFR.

But I don't know if that's really true or not.

 

[Panina]

So according to LT Transfers, if Hilton exercises the ROFR, there is no $399 fee.
This is for HGVC Seaworld, so I know there is ROFR, it was an "if they do choose to exercise it" type of question.

But according to LT Transfers, you can GIFT a timeshare and if Hilton approves the gifting, there IS no ROFR.

But I don't know if that's really true or not.

If I recall correctly I read somewhere, don’t remember where, gifting a timeshare is to immediate family. If it’s to a friend I have one I would gift here on TUG.

 

[hurnik]

I'll let you know what I find out.
Hopefully they let you gift it to anyone (ie, you could gift to a charity or something).
But I also understand if they limit it to family members.

 

[hurnik]

LT Transfers reported back that you can gift an HGVC to a friend.

 

[Panina]

LT Transfers reported back that you can gift an HGVC to a friend.

Thanks for letting us know. I was trying to figure out what to do with my hgvc if another timeshare purchase I am considering comes thru. Really wanted to gift to a tugger but didn’t think I could.