Mark W. Bidwell, Atttorney and CPA, Inactive
18831 Von Karman Avenue
Suite 270
Irvine, CA 92612
ph: 949-474-0961
fax: 949-474-0963
Mark
Hawaii Timeshare Quit Claim Deeds
Questions? 949-474-0961 Mark@DeedAndRecord.com
Quit claim deeds for Hawaii Timeshares to change title and ownership for. . .
What we do . . .
The cost . . .
$249 and includes all filing fees, no additional charges. To make payment.
"If You Are Ready To Explore Your Options and Get Started, Contact Us Now . . ."
Email Mark@DeedAndRecord.com
Call 949-474-0961
"Excellent !! This was so seamless and easy. Thank you so much If we end up needing your services in the future we will be turning to you. Mahalo" - F
"Thank you very much for all your help. If I ever need to do something like this in the future I will definitely use you again." -- David
"I received the recorded document. Thanks for navigating waters unfamiliar to me! I will keep your cards for future needs or referrals." -- Mark
The internet has many options to sell Hawaiian timeshares, but has limited options to change ownership or title due to death, divorce, gifts or trust funding. DeedAndRecord.com is an independent service for quit claim deeds to change ownership and title in the growing ownership of timeshares in Hawaii.
Quit claim deeds convey property "as is" and are used to remove a former spouse, gift or to fund a trust without going through escrow and without title insurance.
Hawaii's Bureau of Conveyances
Hawaii is the only state in the nation with a single statewide recording office. There are two systems of recording in the State of Hawaii, the “Land Court” and the “Regular System.” The Regular System basically serves to give "notice" that something is on record. The Regular System is similar to the recording by county found in the other states. The Land Court issues certificate of titles to owners of land. Ownership in Land Court is guaranteed by the State of Hawaii.
A conveyance tax is imposed on all transfers of ownership or interest in real property through deed unless the transfer is specifically exempted. Transfers into living trusts, transfers due to divorce and gifted timeshares are exempt.
As of July 1, 2011, the Land Court will not accept any document affecting timeshare ownership. All timeshares are to be recorded in the Regular System with the Bureau of Conveyances.
Deed and Record offers two ways to communicate with you: by email or by phone.
Hawaii Timeshare Ownership,
Four Facts to Know:
1. Type of Timeshare You Own
2. How Your Deed Has Been Recorded
3. Consequences in Ownership Change
4. How to Avoid Probate
1. Type of Timeshare You Own
Timeshares are fractional vacation ownership interests in a resort. The fractional interest is usually the right to occupy a one or two bedroom unit for one week, every year. In such a situation one unit could have 52 owners. Purchasers are granted ownership as either as a “Timeshare Estate” or as a “Timeshare Use.” Timeshare Estate ownerships are granted by deed and are actual real estate ownerships. Timeshare Use ownerships are granted by contract and the owner has a license or membership interest in the time share resort. Timeshare Use is not an ownership in real estate.
2. How Your Deed Has Been Recorded
Hawaii is the only state in the nation with a single statewide recording office. Hawaii has three methods to change title on real estate. The Regular System gives "notice" of change in title. Deeds recorded in the Land Court system are guaranteed by the State of Hawaii. Documents recorded in both systems are referred to as a Double System Recording.
As of July 1, 2011, the Land Court will not accept any document affecting timeshare ownership. All timeshares are to be recorded in the Regular System with the Bureau of Conveyances. The Land Court will not transfer in-mass timeshares records to the Bureau. Instead the Land Court will deregister timeshares certificates one at a time as they are presented for either change in title or for change in ownership.
3. Consequences in Change Ownership
Hawaii timeshare transfers in ownership are done with either a warranty deed or a quitclaim deed. A person transferring ownership with a warranty deed at a minimum guarantees he or she is the actual owner and he or she is conveying clean title. Warranty deeds are accompanied with title insurance and are used in bona fide sales.
Quitclaim deeds are transfer of ownership with no guarantees. The grantor basically conveys whatever ownership he or she may have. Quit claims are essentially the owner walking away from the property. The new owner takes the property “as is.” Transfers from one spouse to another are often quitclaimed.
Timeshares are often conveyed with a quitclaim deed. There is limited marketability for timeshares so no real opportunity to sell. To avoid paying annual maintenance fees an owner gives away the timeshare by quit claim deed. In Hawaii, the "giving away" of timeshares has not been a huge part of transfers due to the stability of the industry.
4. How to Avoid Probate
Owners who want their loved ones to inherit the time share need to plan ahead to avoid probate. Ideally, ownership should be in the name of trust. But if the owner does not have a trust, joint tenancy is an option. To create a joint tenancy, the owner adds another person on title as a joint tenant. The person added is the heir to receive the time-share on the death of the original owner. In joint tenancy the person who dies has her or her ownership interest disappear and the survivor is the sole owner.
Normally adding a joint tenant is not a good idea. The joint tenant’s creditors and spouse have access to the property and the cooperation of the new joint tenant is needed for any sales or borrowing. As a result, the owner gives up control. But because of limited marketability and low dollar value of a timeshare the risk of loss may be outweighed by the ease of transfer.
If you need help to quit claim or add or remove a co-owner, please call 949-474-0961 begin_of_the_skype_highlighting 949-474-0961 begin_of_the_skype_highlighting 949-474-0961 end_of_the_skype_highlighting end_of_the_skype_highlighting or email to Mark@DeedAndRecord.com.
Most timeshare units are divided into one week timeshares. There are 10,201 timeshares. Assuming each timeshare unit has 50 timeshare owners, the math implies today there are about 500,000 individual owners of Hawaiian timeshares.
Islands with resorts
We provide service for the following Resorts in Hawaii
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Questions? E-mail to Mark@DeedAndRecord.com or call 949-474-0961
Mark W. Bidwell, Atttorney and CPA, Inactive
18831 Von Karman Avenue
Suite 270
Irvine, CA 92612
ph: 949-474-0961
fax: 949-474-0963
Mark