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Closing Resources |
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Title Insurance |
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Search of public records for recorded liens or encumbrances against the property; issuance of title insurance policy when clear title established.
During the last 16 years, we have found a number of guidelines to be very helpful in the buying and selling of timeshare resales. we would like to share these guidelines with new buyers and sellers.
Regardless of how you were able to buy or sell your timeshare (on your own, thru a friend, a referral, the resort, the developer or thru a resale broker) always obtain title insurance from a third party title insurance company. With our experience of timeshare transactions, we can assure you that the relatively small title insurance fee could save you thousands of dollars, hours of time and avoid possible litigation.
Title insurance will:
- Verify that the seller is the legal owner
- Verify the legal description of the timeshare
- Identify any liens against the property
- Insure buyer against anything not identified in title policy (ie loans, taxes, CC&Rs)
- Insure buyer that the chain of title is proper
Right to use and club type timeshares may be more difficult or impossible to insure, but insurance should be obtained if available
Contact us
If you have any questions concerning title insurance coverage, please call our office, we are here to assist you.
Please contact us with any questions about our timeshare closing service.
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Other Resources |
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