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question re: returning a timeshare to owner

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mrt7z Joined: 19 Oct 2009 Posts: 1 1.34 Dollars($)	Posted: Mon Oct 19, 2009 4:51 pm    Post subject: question re: returning a timeshare to owner Like 0 Dislike 0 we own a time-share,mortgage free-wish to give it back to the seller/developer. Will the quit claim deed work? can we complete the form, send back the title with the form and be released from the timeshare? Should we file the quit deed at the county clerk office where the timeshare is located prior to sending it?
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Mon Oct 19, 2009 9:35 pm    Post subject: Like 0 Dislike 0 you would be smart to discuss this with the seller/developer to see if it fits in with their plans. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044
smithsussane Joined: 18 Sep 2008 Posts: 10020 Location: Alaska 917.78 Dollars($)	Posted: Mon Oct 19, 2009 10:09 pm    Post subject: Like 0 Dislike 0 Hi mrt! Welcome to forums! You can transfer the timeshare to the seller developer by signing a quitclaim deed in their favor. You can record the quitclaim deed at the county recorder's office as it will make the deed valid. However, the deed should be recorded at the county recorder's office where the property is located. Feel free to ask if you've further queries. Sussane
MRT Guest	Posted: Tue Oct 20, 2009 5:09 am    Post subject: Quit Claim Deed Like 0 Dislike 0 Once the Quit Claim Deed is filed, can we fedex the quit claim deed with the deed to the timeshare? If yes, should we send it to the sales office at the timeshare? Would it be wiser to file a Warranty Form? Our concern is that we will be held liable for the maintenance and dues for the upcoming yr.
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Tue Oct 20, 2009 10:08 am    Post subject: Like 0 Dislike 0 your fears are precisely the reason i suggested you discuss this with the seller/developer to begin with. your liability isn't over just because you stop making payments and give it back to them, you know. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044

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