Transfering deed without a closing company

Has anyone ever sold a timeshare, and had a new deed drawn up between a buyer and a seller without using a closing company? Is this legal and secure?

Many people here have done it. It works well if you know what you are doing. However, one mistake with the wording of the new deed and you might have a defective title.

If this would a first-time effort, you're probably better advised to spend $300 or so to have a closing company handle the closing, recording of the new deed and notification of the resort.

chessietwo said:

Has anyone ever sold a timeshare, and had a new deed drawn up between a buyer and a seller without using a closing company? Is this legal and secure?

Click to expand...

My brother sold his T/S to me, and we did the transfer w/o using a closing service. This involved getting a waiver of ROFR from managment*, drafting a contract and a closing statement, drafting and executing a deed, sending the deed and wavier to the county clerk for recording, and then sending the docs, a notice of transfer with applicable fees to management to effect the transfer. [*ROFR may not apply to your T/S.]

Without a closing service, once you deliver the deed (and waiver, if any), its up to the buyer to do the recording and notify management of the purchase, unless otherwise agreed,.

If you can figure out how to do this stuff, and understand the importance of being precise in your documentation, yes, it is possible. But you may want to show your docs to an attorney to make sure you've done it right.

this buyer has told me that he has done all the work himself before in order to save time. But I think I will take your advise and have my attorney double check things out. I really appreciate everyones help on this one.
:whoopie: