Has anyone used this to give back a timeshare besides the Lake Gaston Resort guy??? I want to get rid of my timeshare and was refused by a charity due to special assessment fees (they are going to be remodeling my unit). I just want to get rid of this thing because like many other people, I've lost my job. I appreciate any help!!!
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Quit Claim Deed
- Thread starter cmcmahan
- Start date
Not a unilateral decision...
You first need to have a willing grantee to accept the ownership, i.e., with their advance knowledge and consent, so your first conversation obviously needs to be directly with the resort HOA to see if they would accept a "deedback" at all in the first place. You can't just proceed unilaterally to "quit claim" back to the resort without their knowledge, consent and acceptance; an attempt to do so could (and likely would) be regarded as fraud.
You first need to have a willing grantee to accept the ownership, i.e., with their advance knowledge and consent, so your first conversation obviously needs to be directly with the resort HOA to see if they would accept a "deedback" at all in the first place. You can't just proceed unilaterally to "quit claim" back to the resort without their knowledge, consent and acceptance; an attempt to do so could (and likely would) be regarded as fraud.
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Theo is right. I actually had a real estate closing, a 100k house the owner no longer could afford. The owner had a private money loan on the house and went to the clerk of the courts office and deeded the property unknowingly to the lender.
We had to draft and file several affidavits in public reocrds saying this was done without lender knowledge and that delivery and ACCEPTANCE were not done and that the lender did not accet the deed.
I can tell you, the owner still owns and the lender is foreclosing on the property do to some liens on it.
You just cant give a deed cause you no longer want it..... There are usually certain things like consideration given ($$) delivery of the deed and acceptance by the person that is supposed to receive it.
We had to draft and file several affidavits in public reocrds saying this was done without lender knowledge and that delivery and ACCEPTANCE were not done and that the lender did not accet the deed.
I can tell you, the owner still owns and the lender is foreclosing on the property do to some liens on it.
You just cant give a deed cause you no longer want it..... There are usually certain things like consideration given ($$) delivery of the deed and acceptance by the person that is supposed to receive it.