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Re: SELLING MY TIMESHARE (by KC):

carvana states / asks, quoted only in pertinent part:

>> You say many closing companies do not include estoppel letters as part of their service. What is an estoppel letter in the context of selling a timeshare and why would these estoppel letters be needed? << ======================================

An estoppel letter, while not legally required, is a statement in writing from the resort addressing the presence or absence of any outstanding debts or fees or liens currently existing in the seller's name. Is it legally required? No. Is it a good idea? Yes. Is it worth an additional $50 to you (or to your buyer) for peace of mind? That's for each to decide on his / her own.

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>> You also say that resort transfer fees are not included in the typical $250 closing fee. Does that mean the closing company does not notify the resort that the ownership has been transferred? <<

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First, I did not say that $250 is a typical fee. That figure is actually below the average, which is closer to $350. The closing company (if competent) will always notify the resort, generally by sending the resort a copy of the recorded deed. That fact aside, many resorts STILL demand and collect an additional "transfer fee" ($75 on average) just to change the names in their records. You can argue that the practice is just petty larceny, but the argument won't get you around paying the fee...... I don't know anything about Marrioott or Hyatt policies; it is my custom and preference to not comment on subjects about which I have no personal knowledge.