Original Message:
Settlement money... (by KC):
dianeg228 wrote:There is really no "one size fits all" or "usually" answer to this question, particularly with private transactions.Is putting settlement money into escrow usually done with timeshare sales?
However, the SMART thing to do is to use an independent, third party, professional timeshare closing company which is not directly "associated" with either the buyer OR the seller. Such outfits will serve as "middleman" for escrow of all funds involved in the transaction, as well as preparing and recording a new deed. Using a closing company helps protect BOTH buyer and seller from any errors, misunderstandings, misrepresntations and scams. It's a wise $300 spent when conducting a timeshare transaction, in my opinion.