• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Starwood has approved my buy. Now what?

L

Lookingtobuy

newbie
Joined
Sep 17, 2014
Messages
63
Reaction score
0
Points
66
Location
Vancouver, b.c., canada
Hi guys. Starwood didn't use the rofr on my every other year ocean view 2 bdrm in Maui. My closing company wants a $1000 deposit now. Should I be asking them for the estoppel or anything else to verify this before I pay them and go to escrow? And how do I speed up closing? Also should I pay by cheque? Or credit card? I want to pay by credit card but I think I read on cc authorization only 2000 dollar max. Can anyone help? Maybe Denise M you know what to do?

Thanks
 
DeniseM

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,753
Reaction score
9,154
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
I would have asked for the estoppel at the very beginning of the process - they may not be happy with you that you waited so long to do so, but yes, get the estoppel.

You will have to follow the closing company's instructions regarding payment - it's their call.
 
LisaRex

LisaRex

TUG Review Crew
TUG Member
Joined
Mar 10, 2007
Messages
6,792
Reaction score
317
Points
518
Location
'burbs of Cincinnati, OH
Resorts Owned
Used to own: WKORV-N; SVV - Bella
It's odd that you didn't have to put down a deposit before it was ROFRd.

Definitely confirm that what you think you bought is what you bought. However you pay, use an escrow service.
 
DavidnRobin

DavidnRobin

TUG Member
Joined
Dec 20, 2005
Messages
11,815
Reaction score
2,229
Points
698
Location
San Francisco Bay Area
Resorts Owned
WKORV OFD (Maui)
WPORV (Kauai)
WSJ-VGV (St. John)
WKV (Scottsdale)
It would be good if you supplied us w/ more info.
WKORV S or N resort?
price
seller
broker
title/escrow co

it would be easier to advise as these things matter (e.g. reputability of seller/broker…)
 
L

Lookingtobuy

newbie
Joined
Sep 17, 2014
Messages
63
Reaction score
0
Points
66
Location
Vancouver, b.c., canada
Bought at north building for $11500 plus $1000 closing. That includes title search. Closing company is quality timeshare closing. They are requesting the estoppel now and will provide me that. Broker was timeshare broker sales. I had them checked out and a few people had used them before. Once I get the estoppel what is next? How do I expedite the process with starwood? I reemember Denise mentioning something on a previous thread but not sure which one?

Thx
 
vacationtime1

vacationtime1

TUG Review Crew: Veteran
TUG Member
Joined
Sep 7, 2006
Messages
5,176
Reaction score
2,779
Points
649
Location
San Francisco
Resorts Owned
WKORV-OF (Maui)
WKV x2 (Scottsdale)
Lookingtobuy said:
Bought at north building for $11500 plus $1000 closing. That includes title search. Closing company is quality timeshare closing. They are requesting the estoppel now and will provide me that. Broker was timeshare broker sales. I had them checked out and a few people had used them before. Once I get the estoppel what is next? How do I expedite the process with starwood? I reemember Denise mentioning something on a previous thread but not sure which one?

Thx
Click to expand...

The numbers on your deal seem about right. Hawaii closing costs are high because of laws favoring local escrow companies, but the good news (at least in my experience) is that the escrow companies are very competent. Once you have approved Starwood's "Resale Information Sheet" (the estoppel), let the escrow company run the process. They do this every day; we don't.

WKORVN is a wonderful resort; you will be very happy with your purchase.
 
DeniseM

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,753
Reaction score
9,154
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
Lookingtobuy said:
I reemember Denise mentioning something on a previous thread but not sure which one?
Click to expand...

You can't really do anything, until the purchase is complete, and the deed has been recorded with the county, and you receive a stamped copy. Then you can sometimes expedite the process by sending the recorded deed to Starwood yourself.

Title Dept.
You can email or FAX your new (recorded) deed to Starwood yourself-
Phone 1-800-729-8246 ext. 62291
Fax 1-407-418-7211
Email to send deeds to - 00SVO-TitleChanges@starwoodvo.com
Click to expand...
 
YYJMSP

YYJMSP

TUG Member
Joined
Apr 2, 2009
Messages
2,525
Reaction score
182
Points
448
Location
BC, Canada
US notary

Remember to factor in getting the paperwork after it's drawn up and having to cross the border to sign it, etc. before it even gets going.

I seem to remember this added a week+ to the process.
 
Sugarcubesea

Sugarcubesea

TUG Review Crew
TUG Member
Joined
Mar 9, 2014
Messages
4,034
Reaction score
2,949
Points
449
Location
Novi, Michigan
Resorts Owned
QH, HBC, VBHC, & Pinestead Reef
DeniseM said:
You can't really do anything, until the purchase is complete, and the deed has been recorded with the county, and you receive a stamped copy. Then you can sometimes expedite the process by sending the recorded deed to Starwood yourself.
Click to expand...

I just wanted to add that I took Denise's advice and expedited my process by following the data here and I now have my SDO in my name and I'm registered on mystarcentral.com
 
cubigbird

cubigbird

Tug Review Crew Veteran
TUG Member
Joined
Apr 9, 2013
Messages
1,731
Reaction score
639
Points
323
Location
Western US
Resorts Owned
Westin Lagunamar, Westin Kierland X2, Westin St John-Sunset Bay X2, Westin Desert Willow, Westin Aventuras
Sugarcubesea said:
I just wanted to add that I took Denise's advice and expedited my process by following the data here and I now have my SDO in my name and I'm registered on mystarcentral.com
Click to expand...

I know this thread is back from October. I just emailed a recorded resale buy deed to the Starwood title dept email address in the sticky. What is their turn around time and how long does it take to show up in my existing MSC account (the title is exactly the same as my other weeks). I will have a 2015 usage week so I want it to show up so I can get on it ASAP to book.
 
Last edited:
M

mauitraveler

TUG Member
Joined
Oct 15, 2013
Messages
633
Reaction score
223
Points
253
Location
California
cubigbird said:
I know this thread is back from October. I just emailed a recorded resale buy deed to the Starwood title dept email address in the sticky. What is their turn around time and how long does it take to show up in my existing MSC account (the title is exactly the same as my other weeks). I will have a 2015 usage week so I want it to show up so I can get on it ASAP to book.
Click to expand...

When I called the Title Dept. earlier this month about our deed, they said that it takes "ten days", but it was more like two weeks. I called twice just to check on the status.
 
DeniseM

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,753
Reaction score
9,154
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
The phone number for the title office is in the Owner Resources Sticky - I'd call them and ask.
 
cubigbird

cubigbird

Tug Review Crew Veteran
TUG Member
Joined
Apr 9, 2013
Messages
1,731
Reaction score
639
Points
323
Location
Western US
Resorts Owned
Westin Lagunamar, Westin Kierland X2, Westin St John-Sunset Bay X2, Westin Desert Willow, Westin Aventuras
They say they are running a 10 business day turn around. :annoyed:

Once they process it, will it just "show up" in existing MSC or will there be other action I will need to take?
 
M

mauitraveler

TUG Member
Joined
Oct 15, 2013
Messages
633
Reaction score
223
Points
253
Location
California
cubigbird said:
They say they are running a 10 business day turn around. :annoyed:

Once they process it, will it just "show up" in existing MSC or will there be other action I will need to take?
Click to expand...

It will just show up. You do not need to take any other action. However, it doesn't hurt to call them again ten days from when you called them, in case your new ownership still hasn't appeared in the information about what you own.
 
GrayFal

GrayFal

TUG Review Crew: Expert
TUG Member
Joined
Jun 6, 2005
Messages
10,098
Reaction score
2,125
Points
699
Location
The Hamptons, NY
Resorts Owned
Marriott Bluegreen SVV Morritt's Seaside Former WSJx5
cubigbird said:
They say they are running a 10 business day turn around. :annoyed:

Once they process it, will it just "show up" in existing MSC or will there be other action I will need to take?
Click to expand...

mauitraveler said:
It will just show up. You do not need to take any other action. However, it doesn't hurt to call them again ten days from when you called them, in case your new ownership still hasn't appeared in the information about what you own.
Click to expand...

Is it the same procedure if you don't already have a MSC account. I imagine I would have establish one online? Will be calling tomorrow but just curious.
 
M

mauitraveler

TUG Member
Joined
Oct 15, 2013
Messages
633
Reaction score
223
Points
253
Location
California
GrayFal said:
Is it the same procedure if you don't already have a MSC account. I imagine I would have establish one online? Will be calling tomorrow but just curious.
Click to expand...

I can't remember back to when our first ownership account was established, but I think Starwood sets up your ownership account, and then you can register online to access MSC. Your call tomorrow will confirm the details. Enjoy your ownership!
 
You must log in or register to reply here.
Top