Obtaining forms for deeding a timeshare to someone?

[branson is 10]

Does anyone know where I can down load the proper forms to transfer a timeshare to another person. The timeshare is in the state of Missouri. We have had it for 25 years and the days of our going there are over as we age and have medical issues. I will put the time share on the bargain timeshares for sale for free once I have the paper work to transfer it. Thanks.

 

[theo]

Does anyone know where I can down load the proper forms to transfer a timeshare to another person. The timeshare is in the state of Missouri. We have had it for 25 years and the days of our going there are over as we age and have medical issues. I will put the time share on the bargain timeshares for sale for free once I have the paper work to transfer it. Thanks.

Do you have (or can you obtain) a copy of your current deed? (I am assuming it's a deeded ownership and not a RTU contract).

You can very easily and quite simply use the exisiting deed as a template to prepare a new one for recording in MO once you find a willing recipient.
Alternatively, you can have an outfit like LT Transfers handle the entire deed drill for you for about $150, but you must first find and identify a specific willing recipient as new grantee-to-be.

 

[DeniseM]

As a buyer, I would not be comfortable having a completely inexperienced person prepare the contract and deed - it's worth every penny to have it done right the first time. I also use LT Transfers - a timeshare title company.


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[bogey21]

If Seller has developed administrative skills over the years, I opt for preparing the deed himself using the existing deed as a template. Filing the deed is just a matter of calling the County to find out their address and amount to send with the new deed. I just hate paying someone else to do something I can do myself.

George

 

[theo]

If Seller has developed administrative skills over the years, I opt for preparing the deed himself using the existing deed as a template. Filing the deed is just a matter of calling the County to find out their address and amount to send with the new deed. I just hate paying someone else to do something I can do myself.

George

I don't disagree with your observation George, but Denise makes a very valid point regarding the "contract" portion. Having all the ownership, next usage, etc. details spelled out clearly in writing under mutual signature, regardless of the amount of money involved, has some intrinsic value too. Not to mention closing company obtaining estoppel, documenting under resort management signature the owner account details and payment status. All in all, that's $150 well spent --- IMnsHO.

 

[Passepartout]

Many TUGgers use this company for inexpensive, and especially, correctly done transfers.

L.T. Transfers
Lisa Short and Mary Pless
http://www.lttransfers.com/
readylegal@gmail.com
706.219.2709

Good Luck on finding a new home for your timeshare.

Jim

 

[comicbookman]

Many TUGgers use this company for inexpensive, and especially, correctly done transfers.

L.T. Transfers
Lisa Short and Mary Pless
http://www.lttransfers.com/
readylegal@gmail.com
706.219.2709

Good Luck on finding a new home for your timeshare.

Jim

I am currently working with Mary on 2 transfers that were arranged through the TUG bargain basement. She has been a pleasure to work with.

 

[tugnut]

If Seller has developed administrative skills over the years, I opt for preparing the deed himself using the existing deed as a template. Filing the deed is just a matter of calling the County to find out their address and amount to send with the new deed. I just hate paying someone else to do something I can do myself.

George

+1
Properly filled out QCD is all you need and they are free downloads. The only reason to use a Title company or any transfer co is to obtain title insurance.
One piece of paper.

 

[tschwa2]

Different counties have different requirements. Some need witnesses beyond the notary, some don't. Some require a 1 inch margin and some need a 1.5 inch margin. You can find these requirements on the register of deeds page for the applicable county. Downloading a generic quit claim form may not meet the specific requirements. Coping the current deed and substituting the updated info seems like a better option but it can be time consuming and if there were problems in the original deed you will just be coping them over. In all likelihood just like you never know there was a mistake the next owner might never either. I've typed up and did all of the recording for 3. I would try to get the next person to pay the $125-175 fee but if they are really strapped for cash and/or will only take it if they have no out of pocket expenses I would probably do it again.

 

[DeniseM]

If I'm the buyer, I'd HAPPILY pay $150 for a professional transfer, rather than depend on an inexperienced owner to do it correctly - no brainer.

If you are concerned about $150, you probably should not be buying a TS.

 

[tschwa2]

The OP asked for a Giveaway and I think is worried that the taker won't want to take it if they have to pay the closing costs and the OP doesn't want to put any more money into the timeshare unless necessarily. You might as well list it with the taker paying the closing cost and then if you have no takers or if someone wants to cut a deal only if you pay then you can decide if you want to pay the $150 or if you want to take care of it yourself and if that would be an acceptable solution for the taker.

 

[DeniseM]

The OP asked for a Giveaway and I think is worried that the taker won't want to take it if they have to pay the closing costs and the OP doesn't want to put any more money into the timeshare unless necessarily.

I understand that, but not being willing to spend $150 for a professional transfer is not the best practice:

• You want the new owner to feel confident that it's in good hands.

• You want it done correctly the first time.

• Messing it up could cost you far more than $150.

• The seller is unlikely to know how to prepare a contract, either.

 

[branson is 10]

Thank you for all your input. I am thinking it all over carefully.

 

[theo]

Simple? Absolutely. Sufficient? Not by a long shot...

Properly filled out QCD is all you need and they are free downloads. The only reason to use a Title company or any transfer co is to obtain title insurance. One piece of paper.

I strongly disagree.

If the OP / current owner has a 25 years old Warranty Deed (as is very likely, IMnsHO), a knowledgeable new grantee might very well question and balk at it next "degenerating" into a lesser Quit Claim Deed (a QCD has no implied assertion of defensible title); I certainly would just turn and walk (or run) away from a QCD.

I also enumerated several other points in post #5 above; an outfit like LTT provides a detailed contract for mutual signature, specifying all pertinent usage details.
They also obtain a signed estoppel from the resort mgt. company, verifing current owner account status, in addition to preparing and recording a new Warranty Deed.
To each their own, but for $150 it surely seems like a "no brainer" to me -- for both the grantor and the grantee, for any (even for a free) timeshare. YMMV.

 

[Talent312]

I, for one, would not accept a Quit-Claim Deed, except possibly in a family or a special situation where I knew well the circumstances. For an arms-length transaction, only a Warranty Deed will do.

The deed aside, a written agreement is essential. Even in a simple giveaway, simply sending a deed and saying, "We're done," is not enuff. It's important that at least a few things be put in writing, names, the price, when use begins, payment of MF's, who will draft the deed, when it will be delivered, who will do the recording and who will pay resort transfer fees. This eliminates any confusion or misunderstandings as how it's going to be done.
.