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Re: Manhattan Club Lawsuit (by Jill S.):
A quitclaim deed may only work if the timeshare is owned in fee simple. I own two other timeshares that have a recorded deed to a specific unit in a timeshare development, even though I'm not guaranteed occupancy to my specifically deeded unit (only its equivalent). My ownership interest in TMC does not have such a deed, although I'm going to research this further. Maybe I do and don't understand it. I have a parchment-like certificate of ownership. On the back is a pre-printed transfer of ownership statement if I sell or give away my ownership to someone else.
I'm not sure how this type "quitclaim" works unless the receiving party follows up on the transfer of ownership. I think it's like a pinkslip to a car. If the new owner doesn't establish ownership -- like going to DMV and registering the car in their name -- the transfer is incomplete.
Any clarification of this from anyone?!