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Be aware- this resort is no longer operational. The property has been sold at auction by a bankruptcy court and timeshare ownerships no longer have access to the property. You will find several threads detailing this situation.
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It's been a while since I've added new info, and since I just saw an article about this resort- here goes:
Timeshare interests at this resort are not sold as a deeded intervals, but as shares of a co-op (you actually own shares of stock in a co-op corporation which in turn owns the building. This is common with many New York City apartments).
Ownership is transferred via a stock certificate. No fee is required for direct family transfer, and a $300 fee is payable to Nottingham Village for a non-familial transfer.
Buyer and Seller must submit notarized letters of transfer and acceptance. Finally, the Co-Op Board must approve the transfer for it to be official- but no credit ap or background check is required from the buyer at this time.
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It's been a while since I've added new info, and since I just saw an article about this resort- here goes:
Timeshare interests at this resort are not sold as a deeded intervals, but as shares of a co-op (you actually own shares of stock in a co-op corporation which in turn owns the building. This is common with many New York City apartments).
Ownership is transferred via a stock certificate. No fee is required for direct family transfer, and a $300 fee is payable to Nottingham Village for a non-familial transfer.
Buyer and Seller must submit notarized letters of transfer and acceptance. Finally, the Co-Op Board must approve the transfer for it to be official- but no credit ap or background check is required from the buyer at this time.