Problems with TimeShare Closing Services!

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

You are actually lucky that the state involved actually reviews such matters on deeds. In North Carolina, they do not. Essentially, if the acknowledgment (notarization) is correct, they do not even look at much else in the Register of Deeds office. Most timeshare deeds prepared by these out of state closing companies that I have seen in the Dare County, North Carolina Register of Deeds office deeded timeshares from individuals, are not valid to pass good title. If you have to deal with such a company, I would at least insist that a licensed professional in the state where the timeshare is located prepare the deed.

It is really amazing the errors these closing companies make, including describing the wrong resort, failing to list the week and unit number, using a corporate deed form for a conveyance by an individual, leaving out necessary information, and others. While one of these closing companies might get it right for a transaction in their own state, a buyer is playing with fire using one for a state other than where they are located.

In many areas, you can probably find an attorney or realtor who will handle the closing for close to the same price, and you will know you will get valid documents.

Here is my experience so far:

I thought everything was well and good with a timeshare I bought last year. I received my deed, resort recognized me and allowed me to make my reservation, thought it was a done deal until I received no tax bill in November. I was told my physical address was used versus my mailing address and it would be corrected. I then tried in December to get TCS to get it corrected with no progress. Well at the beginning of January I called the Tax Assessor and found out they have no record of me. I then called the county and found out that my deed is in a "Problematic Timeshare File" and that TCS was sent 3 notices with the final one mailed out in December notifying of the problems.

The legal description on the deed is incorrect and so it will not record, plus VIN has not paid the 2005 taxes on the property, nor did they submit a correct recording from owner to them. The legal description on my deed has portions of descriptions of 3 different timeshares in it making it incorrect. The tax assessor' s office was even kind enough to send TCS the correct legal description but has received no resonse.

I had gotten a live person at TCS and explained the situation and she said she would have to pull it out of archives and get back to me. Since then I have heard nothing from them and I just get their voice messaging system. The tax assessor' s office told me not to pay the taxes until this is cleared up because it is still in the original owner' s name!

I am now pulling out each and every deed and will request the legal description from each county to make sure all of my other timeshares have recorded properly!

*I have sent 4 or 5 emails to VIN and received no responses from them either so I will now have to contact a darn attorney.

Diana

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Better yet tell them you require a closing through professionals who are properly licensed in the state where the timeshare is located, and if the eBay seller wants to quibble about that you will make a formal inquiry of the Real Estate Commission of that state as to whether they can require you to use an unlicensed (for that state) closer. Most of these eBay sellers, I suspect, would not want that can of worms opened on them, so they might start backtracking fast. In North Carolina, the eBay seller himself (unless a bona fide owner, not including a flipper) would be treated as a ''developer'' subject to state licensure if he sells a timeshare located in North Carolina, and I would just about bet that none of them are licensed.

I am in complete agreement with you on this issue.

[davhu1 Senior Member Find all posts View Profile Close davhu1]

I had 3 closing with them, 2 purchase and 1 sale. The closing was done in a timely manner but they do make mistakes. They do not seem to read the contract carefully.

In one of the purchase they made a mistake on the MF for the current year. It was the seller's reponsibility.

In the sale they make errors in the accounting and I was short a few hundred.

Both problems were correct right away. I also did not have problem reach some by phone or email.

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

For Your Information

I got a call Wed. from Timeshare Closing Services. They told me that I would get a check on Friday for the total return of my money. I got the check today (Friday).

Because the Deed was recorded, I need to sign back the wrong Resort's week back to them.

Timeshare Closing services said they will get back to me in the future with a 2Bedroom Week at the Resort I wanted to buy. I will let you know if they do.

Walt

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

That's great to hear Walt. At least they have a money back guarantee. That I like. I guess if they are always willing to do it, I may be willing to go with them for the right deal.

[walumb01 Junior Member Find all posts View Profile Close walumb01]

Good luck with Timeshare Transfer

Bought one and sold one through Timeshare Transfer. Seamless, professional and speedy. I would give them a two thumbs up from my previous dealings and from other tuggers who have given them props in the past.

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

Resort Closings Inc.

I had similar problems with Resort Closings Inc. Go Vacations were selling two units from the same resort , at different times. They completely messed up the descriptions of the two auctions. Resort Closings didnt catch it either. To this day we are not receiving the points value that the unit was supposed to be worth. When the firms were questioned they were evasive, argumentative and said that their "corporate lawyer" said that they were OK. I dont think that they were intentionally misleading, just sloppy.

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

I will never buy anything involve with Resort Closings Inc. It's not worth for the waiting and worries

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

You sound like you are singing my tune about Timeshare Closing Services (TCS).

I bought 2 Timeshares from a timeshare reseller on ebay in early August 2007, paid immediately by PayPal, and then began the long, ardouous process of getting final deeds!

The seller was EXTREMELY responsive in trying to assist me in getting the closings.

After multiple emails and phone conversations with a supervisor at TCS ( in which she finally admitted they were "very short-staffed") and threats to go to the owners of TCS, I got both deeds by last month, however they used my office address for the record on one of them and I am still awaiting a corrected deed!

If you wish to discuss how, and with whom to deal with at TCS feel free to email me at:
Removed Email link BF

[khun hunter Junior Member Find all posts View Profile Close khun hunter]

A professional escrow company should be able to respond more quickly than they have. The only reason that I can see why they haven't is 1. they aren't licensed and trained real estate professionals 2. they just couldn't care less because they already have your money. I suspect that you are the victim of both 1 and 2, as the fees collected are very small, the people working for you do not make much money and therefore are less than motivated to do anything quickly and professionally for you. Indeed they do not need to be licensed real estate agents to do escrow, there only needs to be one broker involved and he or she need only review and signed the deeds/contracts and again because the amounts of monies are small so is your deal and hence the amount of time and expertise that will be given to it is again small.
My advise, take the week back or back out of the deal completely and sue the company in small claims court to recoup your fees, unfortunately most of these companies are PO Boxes with multiple names so when one name goes out of business it just reopens, same PO Box different name.