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Trejesto Title Transfers
make
transfer of ownership
easy from
beginning to end.
If you are looking for a "closing only"
service on a property that is not being donated, we can
provide that service for you. We work
directly with the resort where
your timeshare is located, and do
the transfer process noted below for a one-time
charge ranging from $355 to $475,
(some states have increased fees) plus
the transfer fee that the resort charges (if any).
Our Transfer
process is as follows:
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Preparation of Deed and State Tax Forms
(if applicable)
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Delivery of Transfer Documents to Buyer and
Seller
for signature
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Delivery of Deed to Clerk of Court
for recording along with any
required state or local documents
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Purchase Money Funds
– We collect all the funds necessary to
transfer ownership. That money
is placed in an
Escrow account and
dispersed upon completion of transfer.
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Acquisition of Estoppel Certificate
– We will obtain a signed letter from
resort management detailing critical unit information,
outstanding costs, such as maintenance fees,
property taxes, special assessments and when
the next use period is available.
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Resort Notification of Transfer
– The resort will be provided a copy of the
recorded deed, along with any resort
transfer fee (if applicable) so they can
update their system showing the buyer as the
new owner.
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Provide Settlement
Statements
These documents
inform each party of the
terms of the sale and their
financial responsibilities.
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Transfer Fees
We collect transfer fees and pay them to the
resort on your behalf as part of the
transfer process.
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*
The above stated fees can be honored in most areas of the
United States. If your property is located outside of the
U.S., in New York City, or if other issues arise incurring
unexpected expense, then additional costs may apply to the
closing. We do not provide closing services on land managed
by the Bureau of Indian Affairs.
The transfer process normally takes 45 to
60 days,
but can take longer. It depends on
how quickly the parties
execute and return the documents to our office, and on the
work load and procedure of the
county where the deed is being recorded and returned. We
will process your transfer as quick as possible.
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If you would like us to handle your
transfer
please complete and submit
our online form ...
CLICK HERE.
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Title Insurance for Timeshares:
Title Insurance is an insurance policy issued by a title
company. A title search is conducted which will reveal any
liens on the property. The policy will insure against any
liens that were not found in the search. While title
insurance is the most secure way of purchasing real estate,
very few resale timeshare buyers purchase title insurance,
due to the low cost associated with the resale market.
The cost of the timeshare versus the cost of title insurance
is given weighted consideration by many resale buyers.
Although the decision to acquire title insurance is solely
the buyer's decision, Trejesto Title Transfers will obtain a
signed Estopple Request from the resort. This certificate
will confirm that the timeshare is free of any mortgage or
encumbrances and that maintenance fees and property taxes
are current.
Title Insurance is
not covered by our fees. However, if you are interested in
Title Insurance, we can refer you to a list of providers.
General Information:
How are Timeshares Transferred?
The Legal
Document used to convey real property from one owner
(the grantor) to another (the grantee) is a deed.
There are several kinds of deed. The most common are
the Quitclaim Deed & the Warranty Deed.
Quitclaim Deed: A deed that conveys whatever
interest, if any, is held by the grantor and does not
provide the grantee with any guarantees.
Warranty Deed: A deed that provides a guarantee from the
seller that he has good, clear and marketable title to the
property and is conveying the property free of all
judgments, tax liens or assessment liens.
Grantor &
Grantee: The party who gives an ownership interest in
property in the Grantor. The party who receives an ownership
interest in property is the Grantee.
How can I take Title?
There are
several ways to take title. You will find below the
types and their definitions:
Tenancy by
the Entirety:
A form of joint tenancy created between husband and
wife by which together they hold title to the whole with
right of survivorship. Upon death of either party, the other
takes sole possession, thus excluding heirs of the
deceased.
Joint
Tenancy:
Ownership by two or more people who own an undivided
interest with the right of survivorship. Four unities are
required to create a joint tenancy: time, title, interest
and possession
Sole and
Separate Property:
No other party has any interest with this type of
ownership. If you are married and wish to take title this
way, you should record a quitclaim deed from your spouse to
yourself so that no community interest could be claimed at a
later date (in community property states).
Tenancy-in-Common:
A form of holding title in which two or more parties
have an undivided interest in the property. They can hold
unequal shares in the property, and there is no right of
survivorship.
Community
Property:
Property
acquired by a husband and wife after marriage. Property
acquired prior to the marriage or obtained by gift or
inheritance while they are married is owned separately.
Arizona, California, Idaho, Louisiana, Nevada, New Mexico,
Texas, Washington and Wisconsin are community property
states.
Trust: If
you would like to deed your timeshare to a trust, simply
provide us with the date of origination and the pertinent
information regarding the trust. This is usually stated on the
first few pages of your trust papers, so you don't have to
send us the entire document.
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