Need for escrow
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Original Message:
Re: Need for escrow (by R P.):
karik27 wrote:My experience says that timeshare closing companies are not necessarily cheaper, at all...and without at the least a title search, who will find any other liens or encumbrances of record filed against the current owner..........????
One more time:
This is where a prospective buyer's "due diligence" comes into play. They can check with the resort to make sure there are no liens, the prospective seller is the actual owner of the week listed for sale and there are no back maintenance fees/taxes owed.
I have done due diligence many times on timeshares I've bought.