How long to keep Deeds where you no longer own?

What do most of you do with the Deeds to a timeshare where you no longer own? How long should we wait before shredding them?

hajjah said:

What do most of you do with the Deeds to a timeshare where you no longer own? How long should we wait before shredding them?

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The important copy of your deed is filed at the local courthouse. They are public records and available to anyone to see. So I see no need to keep a copy at home whether I own the property or not

It makes sense to keep a copy of your deeds as long as you own the property. I havent always done that but it makes sense. It can speed up a sale and save a little money when you do sell but any competent transfer company will be able to find the deed filed at the local courthouse

After you sell it I don't see any reason to keep a copy.

Great information. I figured that there would be no need to keep the deeds years after we are no longer the owners. I've got a few deeds to shred.
Thanks so much.

One option would be to scan the first page or two for your files, and shred the hard copies.

Why waste the time and effort to shred them? They are public records, available to anyone. No one can do anything with a deed. Possession of a deed grants no rights in it.

I throw them out. The information is available online and is included in public records. When I sell a timeshare I often have the closing companies get the deeds for me. Its easier for me and the records are all in one place.

Agree there're easy to get a valid copy but I keep deeds in my free safe deposit box. If I ever need more space, I'll trash them.

Cheers

Frankly, it's more important to keep docs relating to the sale in case there are issues.
I'd scan to the 'puter and keep hard copies for ~ a year.

Many thanks to all of you. Your information was a great help.

Talent312 said:

Frankly, it's more important to keep docs relating to the sale in case there are issues.
I'd scan to the 'puter and keep hard copies for ~ a year.

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Good advice and worth reinforcing, to which I will add a few thoughts. Deeds become old news as soon as a new deed for transfer of ownership is recorded, but it's important to verify that the new deed with a new owner contains all correct information and details on unit / week and grantor / grantee identification. It is also important to confirm that the resort received a copy of the new recorded deed reflecting the new owner info, either from the closing company or from the "grantor".

Absent verification of recording (and content accuracy) of new deed --- and separate confirmation of receipt of a copy by the resort, the first surprise sign of a problem could be the unwelcome receipt of a maintenance fee bill months later by the would-be grantor, who "assumed" that the transaction had been "all wrapped up". :annoyed: