Hello Everyone:
I recently picked up a timeshare resale on Ebay. Only after I won did I find out it was through the infamous 43namal posted on several boards here. In either case, the closing is going through Timeshare Closing Services out of Orlando. The closing papers were sent to me stating I elected not to get title insurance even though for peace of mind i would like to have it. When I contacted them, they said they don't offer title insurance outside of Florida(the timeshare is the Westin Kierland in AZ). Their represenative said they would have to call around AZ to get quotes. My question is that isn't it unusual for a closing company in the US not to offer title insuarance even though they technically do a title search??? (I'm probably going to call title insurance companies in AZ just to be sure I get an accurate quote.)
Dolfan
I recently picked up a timeshare resale on Ebay. Only after I won did I find out it was through the infamous 43namal posted on several boards here. In either case, the closing is going through Timeshare Closing Services out of Orlando. The closing papers were sent to me stating I elected not to get title insurance even though for peace of mind i would like to have it. When I contacted them, they said they don't offer title insurance outside of Florida(the timeshare is the Westin Kierland in AZ). Their represenative said they would have to call around AZ to get quotes. My question is that isn't it unusual for a closing company in the US not to offer title insuarance even though they technically do a title search??? (I'm probably going to call title insurance companies in AZ just to be sure I get an accurate quote.)
Dolfan