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Quit Claim Time Share

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Linda

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PostPosted: Mon Jul 21, 2008 12:39 pm    Post subject: Quit Claim Time Share

Hi I have paid a 2000.00 fee to transfer time share to another company original company wont accept this I have sent a copy to them and to the register division at county of timeshare what is my recourse
 
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Icon Mini Profile Niicss
Niicss


Joined: 03 Oct 2005

Posts: 1252
Location: New Jersey


187.30 Dollars($)

PostPosted: Tue Jul 22, 2008 12:34 am    Post subject:

I have answered a similar query at http://www.mortgagefit.com/timeshare/quitclaim-notarized.html#56028

Take a look at it and let me know if you have any more queries.

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Icon Mini Profile jheard
jheard
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Joined: 12 Dec 2007

Posts: 444
Location: Houston, TX


76.61 Dollars($)

PostPosted: Tue Jul 22, 2008 7:16 am    Post subject:

A timeshare is a real property interest, so signing a quitclaim deed will relinquish any ownership rights you have in a property. Acceptance by the grantee is not required, just delivery.

I don't understand why you paid $2,000 to transfer the property to someone else. Usually, they pay you.

Keep in mind, that a quitclaim deed will not release you from any debts regarding the property, ie a mortgage.

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This is not legal advice and I am not your lawyer. This information is provided for discussion purposes only in this forum. State and local laws may vary. Consult with a local attorney to see how your laws may apply to your specific situation.
 
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