transferring ownership

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transferring ownership Does anyone know how transferring ownership works with these folks? I noticed in our paperwork, that if we resell outside of our family, there is not only their usual transfer fee, but also, 10% of our original purchase price is assessed. How can this even be legal? We, like others, will take a loss on selling, so who absorbs this assessment? Thanks for any help. Janice Reply to This Message	janice752 3 years ago Nov 17, 2006 01:08 AM
transferring ownership janice752 wrote: Does anyone know how transferring ownership works with these folks? I noticed in our paperwork, that if we resell outside of our family, there is not only their usual transfer fee, but also, 10% of our original purchase price is assessed. How can this even be legal? We, like others, will take a loss on selling, so who absorbs this assessment? Thanks for any help. Janice We're in the same boat and in little bitty letters, there's a clause stating that if you sell or transfer to anyone outside immediate family (not grandma, aunts or cousins) you get to pay a nice fat fee. We're practically giving our timeshare away for $3000 which just covered the $2600 fee for the timeshare company. But we'll be rid of it so it's worth it moorez Reply to This Message	capri1 1 year ago Aug 27, 2008 01:15 PM

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Author

transferring ownership

Does anyone know how transferring ownership works with these folks? I noticed in our paperwork, that if we resell outside of our family, there is not only their usual transfer fee, but also, 10% of our original purchase price is assessed. How can this even be legal? We, like others, will take a loss on selling, so who absorbs this assessment? Thanks for any help.

Janice

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janice752

3 years ago
Nov 17, 2006 01:08 AM

transferring ownership

janice752 wrote:
Does anyone know how transferring ownership works with these folks? I noticed in our paperwork, that if we resell outside of our family, there is not only their usual transfer fee, but also, 10% of our original purchase price is assessed. How can this even be legal? We, like others, will take a loss on selling, so who absorbs this assessment? Thanks for any help.

Janice

We're in the same boat and in little bitty letters, there's a clause stating that if you sell or transfer to anyone outside immediate family (not grandma, aunts or cousins) you get to pay a nice fat fee. We're practically giving our timeshare away for $3000 which just covered the $2600 fee for the timeshare company. But we'll be rid of it so it's worth it
moorez

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capri1

1 year ago
Aug 27, 2008 01:15 PM

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