Closing Companies?

[tennisWalt Super Moderator Find all posts View Profile Close tennisWalt]

There are many Ebay timeshare sales on the internet. 2 of the timeshare closing companies are listed here with their mission statement. Please feel free to add to the list.


Title Outlet Inc.

At Title Outlet Inc., our goal is to support the timeshare community by providing a quality closing experience.

We recognize the importance of your vacation ownership transfer and measure our success by your satisfaction. Through superior customer relations and consistent and timely results, our staff has established themselves as leaders in the timeshare transfer industry.


Buying real estate of any kind can be both an exciting and daunting experience. At Title Outlet Inc., we believe that closing on your vacation property should be as stress-free as using it.

Once you decide to work with us, we will take control of your timeshare transfer, ensuring a completely executed title transfer with your minimal involvement in the process.


Timeshare Closing Services:

As the leader in title and escrow agencies specializing in timeshare closings, we have processed more than 10,000 timeshare transactions - totaling more than $100,000,000.

There is no doubt that we have the experience and expertise to handle your timeshare closing.

Our primary focus lies in a system we have developed enabling us to close transactions in a more efficient manner. This allows the timeshare buyer to enjoy vacation ownership almost immediately and with the peace of mind his timeshare is free of liens and encumbrances. This allows the timeshare seller to close the sale and receive proceeds in a timely manner.



Since more and more people are buying timeshare weeks and points on Ebay, maybe we can do a thread on the subject of Closing Companies.

We could do a overview of the Company with FAQ.

Here is just a short list of questions to consider.

1) How long did the closing take?
2) Who did you deal with at that Company?
3) Did you find that their mission statement to be true?
4) Would you deal with the Closing Company again.
5) Do you need to use the Closing Company listed in the Ebay auctions?
6) Where you able to just allow the Closing Company to handle the Closing or did you find errors in the closing and/or the listing on Ebay?
7) Should you get the name of the owner of record at the resort and check with the Resort to see if the week is indeed owned by the seller, all MF are paid, there is no mortgage owned, and the that the week in not spacebanked in the owners name?
8) Did the Closing Company answer you email questions in a timely manner?
9) Did the person you were dealing with keep you posted on how things were going?


I am now dealing with one sale with each Closing Company. I will keep you posted about each Closing.

The Beach Club at St. Augustine timeshare week. Auction won on May 11, 2007. Title Outlet Inc. dochoa77 AKA Doug Ochoa.

Kahana Falls on Maui timeshare week. Auction won on April 22. Timeshare Closing Services. cybernaut303 AKA John Hutchinson.




Walt

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Not a bad idea as the subject of who to close with comes up often and it would be nice to have some kind of FAQ to refer them to.

[bookworm Member Find all posts View Profile Close bookworm]

This is a great idea! I would like to hear about the experiences of others. Are you only wanting to work with ebay sales and closings or private sales as well?

I currently have a purchase through ebay:
Timeshare Closing Services. Fairfield points Fairfield Harbour. Ebay bid won May 4. qualityvacations aka Joel Richwagen (I think).

Angela

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

I had suggested earlier to Frank that this would be a good area to add to the Links directory.

However, I strongly suggest using a professional in the state where the timeshare is located rather than one of these multi-state closing companies. They get too much wrong in states other than their own. The North Carolina State Bar has recently issued letters of caution to a number of timeshare closing companies (I'm not sure which ones) advising them that only an attorney licensed in North Carolina is authorized to draft a deed for a timeshare in North Carolina, and that if these out of state companies do so they are in violation of the criminal law of NC and also subject to civil sanctions. It looks to me that they are getting serious with these folks.

[tennisWalt Super Moderator Find all posts View Profile Close tennisWalt]

What Happening!

The Beach Club at St. Augustine timeshare week. Auction won on May 11, 2007. Title Outlet Inc. dochoa77 AKA Doug Ochoa.

I had won an auction on Ebay for a 2 Bedroom at The Beach Club at St. Augustine several months ago. The listing on Ebay was clearly that of The Beach Club at St. Augustine. The Closing Company was Timeshare Closing Services and John Hutchinson was the agent for them. When I got the deed for this resort I found that the Deed description had The Beach Club at St. Augustine listed but the week was for unit 600 for the Townhouses at St. Augustine Beach and Tennis Resort . Since The Beach Club has only 4 floors, I knew there was an error on the Deed.

After I called John about the problem, Timeshare Closing Services and John Hutchinson returned my payment within 3 days. John told me he would call me if a 2 bedroom at The Beach Club becomes available. There are only eight 2 bedrooms at The Beach Club so they do not show up on Ebay too often. But John has called me several times like he said he would and has answered my emails in a timely manner.

I didn't want this to happen to me again (selling me the wrong Resort). So, I emailed Doug Ochoa 4 times asking for the name of the owner of record at The Beach Club at St. Augustine for the 1 bedroom I just won on Ebay. Since I already own 5 weeks at The Beach Club, I want to call to make sure that all things are in order for this sale.

As of right now, Doug Ochoa has not answered these emails. I will keep you posted.

What I am really saying is that I don't think you can just but it in the hands of these Closing Companies and expect it will be handled without any errors.

Walt

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Particularly with Timeshare Closing Services !

[jpfromoh Junior Member Find all posts View Profile Close jpfromoh]

Carolinian

How do you suggest finding a local one?

Also, is it important to find a professional in the county where the deed is recorded?

I am trying to find a professional in Myrtle Beach, SC and Crossville, TN that would provide the services that a multi-state closing company performs and for me I have not stumbled upon one yet. It was be real nice if they are familiar with timeshares (especially Fairfield) to boot.

Regards, John...

I had suggested earlier to Frank that this would be a good area to add to the Links directory.

However, I strongly suggest using a professional in the state where the timeshare is located rather than one of these multi-state closing companies. They get too much wrong in states other than their own. The North Carolina State Bar has recently issued letters of caution to a number of timeshare closing companies (I'm not sure which ones) advising them that only an attorney licensed in North Carolina is authorized to draft a deed for a timeshare in North Carolina, and that if these out of state companies do so they are in violation of the criminal law of NC and also subject to civil sanctions. It looks to me that they are getting serious with these folks.

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

I am not familiar with Tennessee, but I suspect you should be able to find one in Myrtle Beach. You might ask the resort to recommend someone. The issue came up on TUG with reference to Hilton Head, and Tuggers came up with several suggestions of attorneys on Hilton Head who handled timeshare closings and charged a reasonable fees. On the OBX, the timeshare specialist rental and resale broker, OBRR, will handle closings for outside sales, and there are some local attorneys who have also done t/s closings. I believe there is a timeshare specialist resale broker at Myrtle Beach. They might also do closings for outside sales.

Probably the escrow part could be done by someone outside the state, but be certain a competent LOCAL professional prepares the deeds. That is what I have seen most often screwed up by these multi-state outfits, and particularly deeds INTO the postcard companies. The deeds out of the postcard companies are more likely to be straight, but that doesn't help much if the underlying deed is seriously defective.

[jpfromoh Junior Member Find all posts View Profile Close jpfromoh]

Carolinian

Thanks.

Quick follow-up.

Can you translate OBX and OBRR for me.

Regards, John

I am not familiar with Tennessee, but I suspect you should be able to find one in Myrtle Beach. You might ask the resort to recommend someone. The issue came up on TUG with reference to Hilton Head, and Tuggers came up with several suggestions of attorneys on Hilton Head who handled timeshare closings and charged a reasonable fees. On the OBX, the timeshare specialist rental and resale broker, OBRR, will handle closings for outside sales, and there are some local attorneys who have also done t/s closings. I believe there is a timeshare specialist resale broker at Myrtle Beach. They might also do closings for outside sales.

Probably the escrow part could be done by someone outside the state, but be certain a competent LOCAL professional prepares the deeds. That is what I have seen most often screwed up by these multi-state outfits, and particularly deeds INTO the postcard companies. The deeds out of the postcard companies are more likely to be straight, but that doesn't help much if the underlying deed is seriously defective.

[The Conch Man Past Goumba President & BigFrank's Cigar Buddy! Find all posts View Profile Close The Conch Man]

JP ~~

I'm not sure bout this but I think "OBX" is referrin to the Outer Banks of North Carolina's coastline & "OBRR" I think is referrin to the Outer Banks Resort Rentals ~~

[jpfromoh Junior Member Find all posts View Profile Close jpfromoh]

THANK YOU Carolinian!

I own two Fairfield points contacts, one in Tennessee the other in Myrtle Beach.

I took your suggestion and called Fairfield Financial Services (corporate) and spoke with their Title and Deed department. Fairfield still sells retail points contracts in TN and SC so I asked them what company handles their retail sales deed preparation and recording.

I received two companies, one in Arkansas (for the TN) and another in Georgia (for SC). The Fairfield rep actually suggested that I ask each company if they can handle both TN and SC. The nice part about these two companies is they have indepth knowledge of Fairfield since they handle FF's paperwork already.

As it turn out the Georgia contact can handle SC but not TN. The Arkansas contact can handle both states (I even asked about the SC law concerning an attorney handling the deed work and this rep said they have attorneys that can sign the SC deed affidavit).

The Arkansas company charges $225 for the paperwork, plus $100 for escrow and $50 if an Estopple letter is needed (=$375 fully loaded per closing). In FF's case, FF Corporate also charges a $100 transfer fee.

Regards, John

I am not familiar with Tennessee, but I suspect you should be able to find one in Myrtle Beach. You might ask the resort to recommend someone. The issue came up on TUG with reference to Hilton Head, and Tuggers came up with several suggestions of attorneys on Hilton Head who handled timeshare closings and charged a reasonable fees. On the OBX, the timeshare specialist rental and resale broker, OBRR, will handle closings for outside sales, and there are some local attorneys who have also done t/s closings. I believe there is a timeshare specialist resale broker at Myrtle Beach. They might also do closings for outside sales.

Probably the escrow part could be done by someone outside the state, but be certain a competent LOCAL professional prepares the deeds. That is what I have seen most often screwed up by these multi-state outfits, and particularly deeds INTO the postcard companies. The deeds out of the postcard companies are more likely to be straight, but that doesn't help much if the underlying deed is seriously defective.

[ronandjoan Senior Member Find all posts View Profile Close ronandjoan]

the best we've used

This small company in Hollister MO was the fastest, most efficient, friendliest..that we have ever used.

Wholesale Timeshare - eMidsouth.com or eMidSouthInc.com - Timeshare, RCI Points and Vacations for sale.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Was that Arkansas company called RPMI ? If so they left me with a very favorable impression.