Need for escrow
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Original Message:
Re: Need for escrow (by Beck):
karik27 wrote:Sorry Jay, but in Hawaii, deeded properties are deeded properties-----and the when a Title & Escrow company is used to facilitate, the process is the same wether it's timeshares or not........I assist timeshare clients daily in setting them up with Title & Escrow services.........they even take care of HARPTA FIRPTA
karik27, if you only use title and escrow companies to close timeshares, your point and experience is well made. But those companies cost a lot and timeshare closing companies are often used because they cost less. also, title and escrow companies tend to issue title insurance policies, an expensive document few timeshare owners ever pay for. In many cases the policy is as much as the timeshare (maybe not as often in Hawaii but possibly a Gardens at West Maui might sell for less than the cost of the policy).