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Deed and Record, Independent Resource for Timeshare Gifting and Maintenance Fee Shifting
Many timeshare owners cannot afford the airfare and time-off to go the timeshare resort. Yet the time share incurs annual costs even if it is not used. To get out from under the maintenance payments an owner can give away the timeshare. But how does one give away a timeshare? Deed and Record may be able to help.
These are the basic steps
1. Find some one who can use the time share, most likely the hardest step
2. Prepare a quit claim deed to transfer ownership
3. Record the deed with the County or the Bureau of Conveyances
4. Present the recorded deed to the resort management to update their records.
DeedAndRecord will prepare the quit claim deed and record it. The deed must be made part of the public record so the world knows there has been a change of ownership. Specifically we will:
1. Determine the precise legal description of the timeshare, including parcel number, internal control number, map, block and lot number
2. Determine the tax identification number of the timeshare
3. Determine how title is held
4. Prepare the quit claim deed
5. prepare transfer documents required by the County Recorder or Bureau of Conveyances
6. File the deed with the County Recorder's Office or the State of Hawaii
7. Return the deed with proof of filing
Sale of timeshares for value should be done with a warranty deed, through escrow and with title insurance. Deed and Record is for quit claim deeds to give away the time share. Quit claims are essentially the owner walking away from the time share. The new owner takes the property “as is.”
For more information, please Email Mark@DeedAndRecord.com or call 949-474-0961.
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Questions? E-mail to Mark@DeedAndRecord.com or call 714-846-2888