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Original Message:
Deed transfer vs. Power of Attorney (by KC):
charless452 wrote:Charles:Prudential West if supposed to moved the timeshare over to anoher company which would handle to MF, etc. They wouldnot diclose who they move it to. Is this legit? It would be worth it to just get rid of the timeshare.
I have no idea who, what or where "Prudential West" might be, but on the presumption that they are just another PostCard Company, I strongly suggest that you read up (...very easy, by searching these forums for numerous posts on the subject...) on the critically important distinction between an actual transfer of ownership by official recording of a new deed in a new name vs. the uncertainty of a mere "Power of Attorney". New, valid recorded deed in a new name promptly and legally rids you of ownership and all associated responsibilities. However, a PoA rids you of NOTHING until and unless it's (...only maybe) resold or given away later (...if ever) with a new recorded deed in a new name. Please make certain that you VERY clearly understand the difference between the two if you're considering paying out thousands of dollars. There is a genuine risk of getting "stung" if you sign a PoA --- yet STILL ultimately get left with the ownership and ALL of its' obligations, regardless of all the money you may have paid to a PostCard Company.