sELLING MY TIMESHARE
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Re: sELLING MY TIMESHARE (by R P.):
That would be lying as the loan will not have been paid off. The loan wouldn't be paid off until after the sale of her timeshare should she even make enough money from the sale to pay off the loan balance in the first place.
You're comparing apples to oranges concerning home resales and timeshare resales. Fincncial corporations handle home loans, balances and pay offs. There's no such entity in timesharing. She will have to pay off her loan and then sell the timeshare with a legitimate clear title.
carries25 wrote:You can always sell a ts with a loan on it. Just say you will give clear title in escrow, and pay off the loan in escrow. Be sure to use an escrow company and specify you want to transfer a clear title. Home resales are done this way.