kh3020
Guest
Is it possible to transfer a timeshare to a family member so they'll be responsible for M/F, trades, reservations, name on the deed, etc. while still keeping all of the StarOption/Starpoint values, as well as having the transferred unit count towards elite status (as it does now)?
Or does it just have to go through the resale process where it's up for ROFR and if sold it basically loses most of its privileges and can only be booked for it's week or traded through II?
My folks have been owners for several years (and I've been an owner for 3) and I was wondering if it's possible/better to take over ownership for their unit or have them continue to own it and just pay their M/F as they can no longer travel and use it. It doesn't make sense to me to buy it "resale" from my parents and then spend a ton to have it requalified to use it's StarOption value (or have it count towards my elite status)
BTW it's not a "Mandatory" unit.
I hope I'm making sense here... apologies if there's a thread about this already.
Long time reader, first time poster!
Or does it just have to go through the resale process where it's up for ROFR and if sold it basically loses most of its privileges and can only be booked for it's week or traded through II?
My folks have been owners for several years (and I've been an owner for 3) and I was wondering if it's possible/better to take over ownership for their unit or have them continue to own it and just pay their M/F as they can no longer travel and use it. It doesn't make sense to me to buy it "resale" from my parents and then spend a ton to have it requalified to use it's StarOption value (or have it count towards my elite status)
BTW it's not a "Mandatory" unit.
I hope I'm making sense here... apologies if there's a thread about this already.
Long time reader, first time poster!
