• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 31st anniversary: Happy 31st Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $24 Million dollars
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Title insurance

T

TMVANEK

Guest
Joined
Aug 14, 2008
Messages
28
Reaction score
0
Hello everyone - I'm a newbie here so please forgive my ignorance...

I've been lurking for a long time and am finally involved in purchasing my first Marriott timeshare (resale, of course!!) :)
I was wondering what everyone felt about the necessity of purchasing title insurance. The company we are using has offered title insurance for $235.00 or a quick search for $99.00. The timeshare price was $6,800 (Cypress Harbour annual special season).
I'd appreciate any thoughts.
Thanks!!
Theresa
 
Sounds as if the net for the insurance is only $136.00, for that I would certainly take it.
 
Cypress Harbor is in Orange county FL. They have a great website where you can search public records (deeds, mortgages). While I am not offering legal advice, if your search shows that the seller bought directly from Marriott with no open mortgages or liens, you should be okay without the insurance as the chain of title should be pretty clean. Just make sure the current deed transferring ownership to you is good.

Orange County Website

We didn't bother with title insurance for our $7500 purchase at MGV.
 
You must log in or register to reply here.
Top