Ny attorney transfer cost

[Railman83]

anyone do a Wyndham transfer in NY? LT doesn’t do them because it requires a New York attorney.

Anyone familiar with this or have any insight?

I bought a Wyndham contract for $500 plus Wyndham $299 and $150 towards closing. Given the potential costs I told the seller they’d be better off giving back to Ovation and I’d let them off the hook. I think this is a better solution for the seller given attorney fees and ongoing mfs would eat their $500 up quickly.

Thoughts?

 

[vacationhopeful]

If I was the seller and YOU were paying $500 towards covering SOME of the closing costs ... I would take ZERO to not give Wyndham the opportunity to re-sell it for $30,000 almost all PURE PROFIT and the sales staff commissions.

 

[Railman83]

If I was the seller and YOU were paying $500 towards covering SOME of the closing costs ... I would take ZERO to not give Wyndham the opportunity to re-sell it for $30,000 almost all PURE PROFIT and the sales staff commissions.

The seller will get from me a total of $500 for the timeshare and $150 toward closing so the math would be they pay $250-300 in ongoing maintenance fees and if the closing costs more than $300, they lose money.

If wyndham takes back for zero and gives them three years of use they come out considerably ahead, particularly given rates of NY attorney’s.

It’s nice that you would be willing to lose money to spite Wyndham but that isn’t a decision based on math.

 

[Arimaas]

Check your PM. I may be able to help.