Post reply

I second the motion... (by Carvan A.):

Colvin,

Jayjay, made a good point, The transfer is either valid or invalid at the time of its execution. Subsequent events do not affect its validity. You probably are home free because the resort will just foreclose to avoid the legal expense of having the deed set aside as void. The foreclosure may or may not adversely impact your credit depending on who the resort names as the owner in the foreclosure documents. The other owners will have to pick up the slack through higher maintenance fees.

Your facebook picture and profile suggests you are a bright man and you probably have a good business sense but I do think it might be well for you to have your attorney review the transaction for your own peace of mind.

I re