• Welcome to the FREE TUGBBS forums! The absolute best place for owners to get help and advice about their timeshares for more than 32 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 32 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 32nd anniversary: Happy 32nd Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    All subscribers auto-entered to win all free TUG membership giveaways!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 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 $24 Million dollars
  • Wish you could meet up with other TUG members? Well look no further as this annual event has been going on for years in Orlando! How to Attend the TUG January Get-Together!
  • Now through the end of the year you can join or renew your TUG membership at the lowest price ever offered! Learn More!
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of 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!

A Successful DIY Closing

Talent312

TUG Review Crew: Veteran
TUG Member
Joined
Jul 4, 2007
Messages
18,115
Reaction score
8,224
Resorts Owned
HGVC & GTS
Folks: It appears that I have successfully self-closed the purchase of my brother's Hilton-TS. I thought that listing the steps that I took might help someone who may want to do this themselves:

1. Wrote and signed a sale contract. Tendered a deposit.
2. Obtained and returned a form to Request Waiver of ROFR.
3. Received the Waiver and a Transfer Form in about 2 weeks...
It showed the unpaid maintenance fee + available points.
4. Wrote and circulated a closing statement.
5. Prepared and completed the Seller's Deed.
6. Paid the delinquent maintenance fees (credit at closing).
7. Paid Seller the balance due from our deal.
8. Mailed the Waiver+Deed to TS's County for recording...
Along with recording fees, state doc. tax, stamped envelope.

The only thing left for us to do now is send the recorded deed, the Transfer Form and transfer-fee to Hilton... and then start planning our 2008 vacation.

Woo-Hoo!
 
Top