Grand Pacific Resorts & Advanced Financial Company transfer fee update...

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

I've been notified that effective January 1, 2009, their transfer fee will now be: $160.00 for the Demand Fee and $150.00 for the transfer fee, totaling $310.00 per transaction.

Advanced Financial Company handles estoppels and transfers for several resorts, including:

Grand Pacific Palisades
Riverpoint Napa Valley
San Clemente
Carlsbad Cove

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

Grand Pacific Resorts resort transfer fees

Grand Pacific Resorts resort transfer fees are $300 for the following resorts. I am not sure what the fee is for the new HGVC affiliated Marbrisa Resort in Carlsbad.

Grand Pacific Resorts HQ (Carlsbad, CA)
Grand Pacific Resorts: Resort & Family Vacation Packages in Southern California


Carlsbad Inn Beach Resort (Carlsbad, CA)
Carlsbad Inn Beach Resort Hotel: Carlsbad, California Hotel


Carlsbad Seapointe Resort (Carlsbad, CA)
Carlsbad Seapointe Resort: Carlsbad California Vacation Rentals & Beach Vacation Homes


Coronado Beach Resort (Coronado, CA)
San Diego Vacations: Beach Vacation Rentals in San Diego


Grand Pacific Palisades (Carlsbad, CA)
Grand Pacific Palisades Resort and Hotel Carlsbad California


Indian Palms Vacation Club (Indio, CA)
Indian Palms Vacation Club: Indian Palms Country Club & Resort, Vacation Condo Rentals in Indio California


Olympic Village Inn (Olympic Valley, CA - Lake Tahoe)
http://www.olympicvillageinn.com/


Red Wolf Lakeside Lodge (Lake Tahoe, CA)
Red Wolf Lakeside Lodge: Lakeside Resort & Lakeside Cabins in Lake Tahoe


Red Wolf Lodge at Squaw Valley (Lake Tahoe, CA)
Red Wolf Squaw Valley in CA: Lake Tahoe Condo Rentals & Vacation Rental Condo


RiverPointe Napa Valley (Napa, CA)
RiverPointe Napa Valley Timeshare Tours


San Clemente Cove Resort (San Clemente, CA)
San Clemente Cove Resort: Beach Rentals & Vacation Rentals in San Clemente California


Southern California Beach Club (Oceanside, CA)
Southern California Beach Club: Vacation Condo Rentals & Beach Rentals in Oceanside CA


Villa L'Auberge (Del Mar, CA)
Villa L'Auberge Resort Del Mar CA: Del Mar Vacation Condo Rentals

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

Has this changed? I thought the transfer fee was $150 when requested by an owner and $300 when done by a closing company.

When we bought ours a couple years ago, I had the closing company send me the recorded deed and then I submitted the request to GPR as the new owner to have title transfered. I was charged $150.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Difference in the demand and transfer fees.

Has this changed? I thought the transfer fee was $150 when requested by an owner and $300 when done by a closing company.

When we bought ours a couple years ago, I had the closing company send me the recorded deed and then I submitted the request to GPR as the new owner to have title transfered. I was charged $150.

$160.00 is currently charged for the Demand or Estoppels Fee and $150.00 is charged for the transfer fee. I would not recommend the procedure you used- as there would not be a way for a Buyer to confirm the Seller's account status without the Demand.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

[QUOTE=4ARedOctober;285464] I am not sure what the fee is for the new HGVC affiliated Marbrisa Resort in Carlsbad.

The fee is the same- $160 demand fee and $150. transfer fee..

Also- FYI- The last Marbrisa we assisted with was closed by Intercity Escrow- and they actually received a significant discount on both these fees through an arrangement with Advanced Financial..

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

I believe AFC is wholly owned by GPR.

GPR manages these resorts as well as the others I listed.

I believe timeshare consumers will recognize GPR and not AFC so you may want to reflect both in your title.

Thanks.

I've been notified that effective January 1, 2009, their transfer fee will now be: $160.00 for the Demand Fee and $150.00 for the transfer fee, totaling $310.00 per transaction.

Advanced Financial Company handles estoppels and transfers for several resorts, including:

Grand Pacific Palisades
Riverpoint Napa Valley
San Clemente
Carlsbad Cove

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Grand Pacific Resorts & Advanced Financial Company transfer fee update...

Merging similar threads...

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Olympic Village Inn...

Transfers at this property do not go through Advanced Financial so this process is slightly different.. The transfer fee is $50. made payable to Olympic Village and they will complete the property verification without charge.

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

$160.00 is currently charged for the Demand or Estoppels Fee and $150.00 is charged for the transfer fee. I would not recommend the procedure you used- as there would not be a way for a Buyer to confirm the Seller's account status without the Demand.

Dredging up an old thread with a question.

The 160.00 Demand fee...that should include an Estoppel letter right? If I am paying the 160.00...why would a closing company ask for 25.00 for that service-it should be covered in the 160.00..yes?

I have an email out to them asking why-but I wanted to clarify that the intent of the 160.00 in my case because there is no loan on the T/S should be the Estoppel. Correct?

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

I certainly appreciate your frustration..

Terminology is always confusing in this industry.. You are correct in that the $160. demand fee to Advanced Financial is the required payment to the developer in order to obtain an estoppels. However, this does not mean that a closing agent gets a portion of that money! It sounds like your closing agent is simply charging you an add on fee for their time and effort in obtaining the same document. Unfortunately, this isn't uncommon.

With so many closing agents fighting for a share of the dwindling resale market, many have resorted to trying to advertise base closing fees at as low a price as possible to generate business.

However, many will attempt to offset the revenue loss (from the reduced advertised price) by charging add on fees for other basic services such as securing an estoppels, holding escrow, wire transfer fees, credit card surcharges, mail and courier charges, and even the actual resort notification process.

Think of it like a tire company who charges you a price for the tire, and then additional money for the tire stems and even the air or hydrogen they then fill the tire with! This is no different.. Just like everything else in life- the consumer is always forced to try and look at the fine print (or try to ask every question possible) before making a purchase!


******

As another bit of advice- when it comes to a buyers performance of their due diligence.

Brokers, resellers, and closing agents will often start using industry specific terms which can easily mean different things to different people. For example....

In a traditional real estate closing, the term estoppels relates to the financial side of a transaction with mortgage, HOA dues, etc..

When a timeshare closing agent uses the term estoppels, they are referring to a complete verification of both the financial status as well as the ownership info such as fixed/float, unit/view type, annual/biennial/other, etc. (When I first started in this business, the term everyone in timeshare used was "ownership verification form".. It was actually a more accurate description.)

During the sale process, I always ask for a copy of the estoppels to review- and also ensure that one is sent to the buyer and seller as well. Get into the habit of doing this (if you don't already!)..

I've had several transactions where a buyer requested a title agent who was not experienced with timeshare. When I reviewed the estoppels, I realized it did not contain any ownership specifics- but dealt with only the financial status of the seller's account. There was no verification of the unit type, season, etc! The closing agent did not even know those were questions they could ask.. Inexperienced closing agents may not even realize that the resort may also have specific requirements that must be followed for a transfer to complete.

A good experienced closing agent should be able to walk you through the closing process for your resort and give you an accurate estimate of your total closing costs, before the closing begins!