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HGVC held in LLC

C

compubarn

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Hello,
I have a question for those of you who own their HGVC contracts through an LLC. Are there any disadvantages to doing so? Will I be charged for a guest certificate each time I use it? I've heard that HGVC will make you put Trustee name on the deed is that also the case for LLCs?

Thank you for your help.
 
C

compubarn

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I'm sure someone has their HGVC contract held by LLCs. ANy help would be greatly appreciated.

Thank you
 
1Kflyerguy

1Kflyerguy

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We don't have ours in an LLC, but confirm had to re-title our HGVC unit to put it into our Trust.

I imagine you would need to do the same with an LLC.
 
alwysonvac

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SOLD (DVC, FSRC)
If you're an existing HGVC member, you can try contacting the HGVC Title Company - http://www.tugbbs.com/forums/showthread.php?t=247129

If you're not an owner yet, you can try reaching out to one of the TUG recommended broker.
TUG Member: Judi Kozlowski / Website - http://judikoz.com/
TUG Member: Seth Nock / Website - http://www.sellingtimeshares.net/


The following quote is from a 2015 TUG thread titled "Can a LLC purchase a time share?" - http://www.tugbbs.com/forums/showthread.php?t=236346
DeniseM said:
.... if any newbies are reading this thread and thinking it's a great idea:

If you abandon your timeshare with an LLC, the other owners at the resort have to cover your maintenance fees until it's re-sold, the legal costs of recovering the deed, and the cost of trying to resell it.

The developer pays nothing - the management company pays nothing.

HOA's are starting to get wise to the the Viking Ship scheme, and many will no longer accept a deed transfer to an LLC, unless the principal(s) in the LLC, agree to be personally responsible for the obligation.
Click to expand...
 
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