Timeshare Warehouse
Quitclaim Deed and Ownership Transfer Services
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Our Quitclaim deed service is the easiest way to transfer your timeshare to a buyer, as well as the most economical form of title transfer available today for the timeshare industry.
A Quitclaim deed is a legal document that transfers your interest in your timeshare property to another individual(s) or commercial entity. The person(s) giving the property is called the grantor while the person(s) who is receiving the property is called the grantee. With a quitclaim deed, the ownership interest is transferred. The deeding process is protected, due to the fact that the Owners Services department at your timeshare resort will not allow the membership to transfer at the resort if the current deed is clouded in any way. If a deed has a lien of any kind (Taxes, Mortgage Lien, unpaid Maintenance Fee's or assessments) attached this will be discovered during the estoppel process and you will be advised to clear the title of this lien.
A detailed look at each step included in our timeshare closing process.
•Preparation of Deed and State Tax Forms pertinent to your timeshare transfer. State Tax Forms are important in ensuring that all applicable taxes are dealt with, and that no hidden costs appear further down the road.
•Delivery of Closing Documents to Buyer and Seller – Upon review by our closing attorney, we will submit documents to Buyer and Seller for their signatures.
•Delivery of Deed to Clerk of Court – We will deliver your deed to the appropriate county clerk of court for recording; along with any state or local documents that may be required.
•Escrow of Purchase Money Funds – As a neutral third party in the closing process, we will act as an escrow agent holding the purchase funds and disbursing them to the Seller at the completion of the closing.
•Resort Notification of Transfer – The final step of the closing process is a written notification of the transfer and a copy of the recorded deed delivered to the resort.
TWG Quitclaim Deed Preparation Fees $165.00
TWG Closing Services $ 55.00
NOTE: The above prices include only fees due to TWG for customary services, and do not include resort transfer or statement fees, recording fees, any state fees, taxes or recording costs, or credit card charges (if applicable).
Additional Services
•Obtaining a copy of the original deed – We will search the courthouse records and obtain a copy of the original deed, which is necessary to initiate the closing. — $25
•Acquisition of Estoppel Certificate – If requested, we will obtain a notice detailing any ongoing and outstanding costs, such as maintenance fees, taxes, special assessments and when the next use period is available. — $50
Complete transfer service $295
Closing Procedure:
Seller and Buyer:
1. Seller and Buyer agree on the terms for timeshare purchase. Seller obtains basic information from the Buyer to start the closing and open escrow (Name, Address, Phone, email address).
2. Seller starts the closing process and completes all forms.
3. Contracts and information forms are sent to the buyer to confirm their information and complete the buyer forms if necessary.
4. Seller and buyer will receive a confirmation letter from TWG with the escrow number and a request for any additional items necessary.
TWG will:
1. Prepare escrow instructions and the appropriate transfer deed and closing documents, and submit to the buyer and the seller for their review, signatures and instructions to return to TWG.
2. After all necessary documents are received back from Seller and Buyer and any other necessary documents will issue a estimated closing statement to Buyer requesting funds to close the escrow.
3. Upon receipt of good funds from Buyer, TWG will proceed to close the transaction.
4. Upon confirmation of closing, TWG will notify all parties of the closing, disburse funds to the seller, notify the resort’s management company (HOA) of the transfer, and transmit all necessary closing documents to Seller and Buyer.
Time Frame for Closing:
The typical time-frame for closing a timeshare transaction is 30-45 days. However, the process can be delayed by the timeliness of responses by Seller, Buyer and any outside entities required for the closing process.
Seller and Buyer:
1. Seller and Buyer agree on the terms for timeshare purchase. Seller obtains basic information from the Buyer to start the closing and open escrow (Name, Address, Phone, email address).
2. Seller starts the closing process and completes all forms.
3. Contracts and information forms are sent to the buyer to confirm their information and complete the buyer forms if necessary.
4. Seller and buyer will receive a confirmation letter from TWG with the escrow number and a request for any additional items necessary.
TWG will:
1. Prepare escrow instructions and the appropriate transfer deed and closing documents, and submit to the buyer and the seller for their review, signatures and instructions to return to TWG.
2. After all necessary documents are received back from Seller and Buyer and any other necessary documents will issue a estimated closing statement to Buyer requesting funds to close the escrow.
3. Upon receipt of good funds from Buyer, TWG will proceed to close the transaction.
4. Upon confirmation of closing, TWG will notify all parties of the closing, disburse funds to the seller, notify the resort’s management company (HOA) of the transfer, and transmit all necessary closing documents to Seller and Buyer.
Time Frame for Closing:
The typical time-frame for closing a timeshare transaction is 30-45 days. However, the process can be delayed by the timeliness of responses by Seller, Buyer and any outside entities required for the closing process.
