Kaneki
TUG Member
We have a prospective buyer for our timeshare in Maui. We have used a title company in Hawaii before, but don't find any advice on TUG for using one. What do you think? Thanks.
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Why not use a title company for closing?
- Thread starter Kaneki
- Start date
My $0.02 worth...
Since you asked, I think a smart buyer should always insist upon selecting and using (and paying for) his/her own independent closing company to handle all of the estoppel, deed preparation and recording and escrow issues for the entire transaction.
Yes, it's an expense of a few hundred dollars, but in my opinion it's money well spent to ensure that all details are handled correctly, honestly --- and fulfilling all applicable state legal requirements. Needless to say, in this instance the closing company should be one based in (or at least well experienced with timeshares in) Hawaii, since I'm told there are some "unique" issues and details (and fees) there.
Since you asked, I think a smart buyer should always insist upon selecting and using (and paying for) his/her own independent closing company to handle all of the estoppel, deed preparation and recording and escrow issues for the entire transaction.
Yes, it's an expense of a few hundred dollars, but in my opinion it's money well spent to ensure that all details are handled correctly, honestly --- and fulfilling all applicable state legal requirements. Needless to say, in this instance the closing company should be one based in (or at least well experienced with timeshares in) Hawaii, since I'm told there are some "unique" issues and details (and fees) there.
nazclk
TUG Member
Hawaii Timeshare
I have used Timeshare Transfer in the past for Hawaii weeks and they have done a good job.
I have used Timeshare Transfer in the past for Hawaii weeks and they have done a good job.
Kaneki
TUG Member
I tried to reach Timeshare Transfer today, but as they are on the East Coast, and had to e-mail them (which I did), to find out approximate costs, am anxiously waiting to hear back from them.
Has it been a while since you used them and how much were their fees? I called First American Title in Hawaii and they are going to charge between $1200 and $1400 to close. Thanks for your advice.
I found the answer on their web site - thanks for the initial info.
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