The Cost of a $1 Time Share is $1,430.22
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Original Message:
The Cost of a $1 Time Share is $1,430.22 (by KC):
bobb722 wrote:Escrow charge to Chicago Title Co $495; FedEx Fee to Chicago Title Co $ 16.67; Recording Fee to Chicago Title Co $ 40.00; County Transfer Tax to Chicago Title Co $ 2.55; Transfer Fee to Tahiti Village Vacation Club $ 95.00; General Fund Fee to Tahiti Village Vacation Club $350.00; 2018 Maintenance Fee to Tahiti Village Vacation Club $429.00; Simplified Recording Service Fee to Chicago Title Co $ 2.00
I'm not sure I get your point. There are deed prep and recording, closing, and transfer fee costs associated with any and every timeshare transaction anywhere, as well as annual maintenance fees for any and every timeshare on the planet. Did you expect these costs to disappear or be paid by someone else, just because the underlying timeshare itself is essentially being given away for free?
That said. the $495 identified as "escrow charge" is certainly both gratuitous and excessive and basically just a money grab by the title company unless it also includes all of the associated deed work, in which case it's high but within range.