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Original Message:
Re: Need for escrow (by Beck):
I'm Peter, not Mike!
I understand you have a very strong opinion on this matter. However, title and escrow companies have done a poor job processing my timeshare purchases. This includes failure to pay annual maintenance to the correct address and failure to correctly file a deed taking into account a deceased spouse. These errors are similar to errors made by timeshare closing companies. And all the T&E companies take forever to process my timeshare purchases. More than 4 months, as slow as or slower than most timeshare closing companies. I never see a preliminary title report either, even though I see more than enough initial docs which are more pertinent to a normal house sale.
You bring up many relevant concerns when buying property - timeshare or otherwise. However, the closing companies I've used for the timeshares I've bought in HI did the job just fine. Just because someone pays a title and escrow company doesn't mean the job will be done correctly. And now that I've seen the waivers and indemnity agreements T&E companies want me to sign before they complete the transfer I dot not believe they are as responsible for their work as you are insisting.
I appreciate your dedication to defend T&E companies even though you say you work for a lawyer or law firm. Buy your insistence that "professionals like us" are the only ones capable of doing anything correctly in HI doesn't feel accurate to me. It sounds a lot like a sales pitch. People and companies of all types do not do their jobs well. It doesn't matter if they are located in HI and are supposed to know how their local government works or they are elsewhere. People and companies willing to ensure the job is done correctly will do so.