Westgate Cancellation

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

What you are describing is an RTU, a Right to Use, a method whereby you never own anything. Not that I am saying that Bluegreen employs that method of timeshare.

You can google these terms and see what they mean legally, and you will find that a Deed of Trust is a document that conveys property to a trustee, and is used to secure an obligation such as a mortgage. Once you, the buyer, satisfy the loan, the Trustee then conveys title to you. Actually, technically, it is instead of a mortgage.

So Deed of Trust is not really a form of ownership or use of a property.

So, yes, it is typical timesharesalespersonspeak.

we had a Deed of Trust which expires in a given number of years. Does anyone know if this is true ?

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

not true as told to you.

The trust part is true - your deed is in a larger bucket. But, no expiration date.

[Fidelity Resales Junior Member Find all posts View Profile Close Fidelity Resales]

Expiration dates showing on deeds....

I know this can get really confusing.. I hope my input helps and doesn't further muddy the waters on this issue.

For almost all condominium regimes, a deed may show an expiration date for the Declaration of Condominium (the recorded document that establishes the shared ownership property).. Prior that date, the HOA would vote to either extend the Declaration (in Florida this is normally for a period of another 25 years) or to dissolve the regime..

In the rare event of a dissolution- the property is sold and proceeds (after costs and debts) are disbursed among the owners..

The fact that a deed may show such a date does not mean the owner's rights end on that date, but rather that the Declaration will expire and no longer be valid at that time unless extended.

This should not be confused with a deeded leasehold or a condo subject to a land lease. Those ownerships will effectively end at the expiration date, unless the leasehold is extended.

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

Nicely put, Janet!

Good explanation of a very confusing subject.

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

Thanks everyone for your replys ref. Warranty Deeds question.
For some reason I thought there might be more to the story.
I am still learning, and learning, and learning.