How can we transfer a timeshare to another family member?
Timeshare was purchased in the 1980′s and we want to transfer the title / deed to another member of the family. I assumed since it was a deed, any title company could do it, but I haven’t found one yet that has a clue. Does anyone have any experience with this?
The title insurance companies do not want to insure all the deeds. One timeshare condo might have 52 people who all have one week of usage. The entire complex might have 1,000 owners.
Get the old deed to the timeshare from when you bought it. Get a blank deed or just use a blank piece of paper and copy the words by hand.
Take Line 2 ( Grantee) from the old deed and enter it on line 1 (Grantor) of the new deed.
Write the new owner’s name on Line 2 of the new deed.
Copy the Legal Description from Line 3 of the old deed to Line 3 of the new deed.
The people on Line 1 of the new deed…. sign on the bottom in front of a Notary Public.
The title has now been transferred. The new owner can pay $10 to record the deed at the County Recorders Office.