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Original Message:
Closing Costs (by Lisa Ann S.):
Lloyd...may apologies for my tardy response.
When purchasing from the developer, the buyer assumes the closing costs. However, you should always try to negociate these costs as some developers will "knock them off."
When you purchase from a reliable reseller or an individual, as with the ads here on RedWeek.com, more often than not, you will also assume the closing costs. Some owners are really motivated to sell their timeshare, so they may be willing to either lower them or assume the costs.
One word of warning...if a company or an individual is really in a rush to get rid of the timeshare, you should have your guard up!
As far as the mortgage/deed issue goes, that depends on the individual state. Some states hold the deed until the mortgage is satisfied, others will not. You can always check with the state Attorney General who can refer to you the proper office.
Thanks for the great questions!