Question about name on deed

[ryang63840]

Does anyone know if you can have 2 names on the deed? The reason why I ask is that my sister and I are thinking about sharing a timeshare together. Would we both be considered members or would we both have to buy our own contracts to be members. Thanks.

 

[Talent312]

You most certainly can have two names on a deed and that will put both names on the account, thereby giving you both equal access to the HGVC system. There are, however, two questions you will need to address:

1. Do you want to be "joint tenants with right of survivorship" -- wherein the share of the deceased party passes to the surviving party outside of probate -- or do you want to be "tenants in common" -- wherein the share of a deceased party remains a part of decedent's estate and passes to her heirs thru probate?
... the latter event could require either of you to deal with relatives who may prove difficult.

2. HGVC will set up a silver-tier HHonors account linked to the HGVC account. It will be a joint account, but when using HHonors online, only one name (the "primary") is used. So, which of you will be primary-holder? When booking hotels thru HHonors for the other party, they will need to add the other's name to the reservation.

 

[raygo123]

Go to a presentation ask them to put in writing what ever you decide to do.

Sent from my Nexus 7 using Tapatalk

 

[artringwald]

Go to a presentation ask them to put in writing what ever you decide to do.

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Our buy resale and get 90% off. The transfer agent can also put both names on the deed.

 

[ryang63840]

We would do it as joint tenants and I would be the primary holder on the Hhonors account. However would the resale companies have no problems with our request to have 2 names on the deed, or would I have to ask the resale company directly. Thanks for the replies.

 

[ryang63840]

Thanks artringwald for the reply. By the time I posted my previous reply you already answered the question.

 

[raygo123]

I was more interested from the stand point of an upgrade.
It sounds like that decision has been in favor of resale.
So basically if a week is bought and they want to up grade or add more points, the management company will welcome the opportunity?

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[Talent312]

So basically if a week is bought and they want to upgrade or add more points, the management company will welcome the opportunity?

Three ways to upgrade or add points:
1. Sell your unit yourself or thru a legit broker, and buy one w/more points.
2. Keep it + buy another. It can be added to your account if it has the same name.
... but that means paying multiple MF's (some here do own multiple units).

(c) "Trade-up" using HGVC... which IMHO, is usually a bad-idea...
They may credit your unit's original sale price (even if you paid less for
it resale), but you'll still lose a bundle of $$ paying retail for the new one.
.