has anyone ever used Turbo Close

I am wondering if anyone has any expierence using www.turboclose.com I am purchasing some Wyn points deeded in Florida w/ someone I very much trust. It claims all the forms are available (it is do it yourself). I think Florida is a state though that requires attorney reveiw. Anyone know if that is necassary or even just have used this before? thanks jim

jimy21 wrote:

I am wondering if anyone has any expierence using www.turboclose.com I am purchasing some Wyn points deeded in Florida w/ someone I very much trust. It claims all the forms are available (it is do it yourself). I think Florida is a state though that requires attorney reveiw. Anyone know if that is necassary or even just have used this before? thanks jim

I'm not familiar with buying resale points, however with buying a deeded timeshare, and if you absolutely trust the person you're buying from then you can do the closing yourself if you do some research on the internet. Many people use a 'quit claim' deed on deeded timeshare weeks but I don't know how a 'quit claim' would work with points .... I would assume the same procedure.

As far as I know, Florida does not requires attorney involvement in closings as there are several closing companies based in Florida with no attorney involved. I do know that South Carolina requires an attorney for closing timeshares and other states may also, but I'm almost sure that Florida does not.

There's a reputable closing company in Florida called www.timesharetransfer.com that you may ask your question(s) in an email and get the legal answers as far as doing the points closing and transfer yourself.

jayjay wrote:

jimy21 wrote:

I am wondering if anyone has any expierence using www.turboclose.com I am purchasing some Wyn points deeded in Florida w/ someone I very much trust. It claims all the forms are available (it is do it yourself). I think Florida is a state though that requires attorney reveiw. Anyone know if that is necassary or even just have used this before? thanks jim

I'm not familiar with buying resale points, however with buying a deeded timeshare, and if you absolutely trust the person you're buying from then you can do the closing yourself if you do some research on the internet. Many people use a 'quit claim' deed on deeded timeshare weeks but I don't know how a 'quit claim' would work with points .... I would assume the same procedure.

As far as I know, Florida does not requires attorney involvement in closings as there are several closing companies based in Florida with no attorney involved. I do know that South Carolina requires an attorney for closing timeshares and other states may also, but I'm almost sure that Florida does not.

There's a reputable closing company in Florida called www.timesharetransfer.com that you may ask your question(s) in an email and get the legal answers as far as doing the points closing and transfer yourself.

Thankyou. However my confusion is caused by a statement I read on www.transfermytimeshare.com I think it is also on Redweek in a posting by you in a posting regarding First American title. the statement is "Important notice: please be aware that in certain states, an attorney must be involved in the transfer of timeshare property. Transfer My Timeshare can make all necessary arrangements, but any and all necessary attorney fees must be charged in addition to normal timeshare closing costs. Getting an attorney to participate can also prolong the sale closing process. Attorney participation is mandatory in the following states: Florida, Georgia, Illinois, New Jersey, New York, North Carolina, Kentucky, Louisiana, Maryland, Michigan, Oregon, South Carolina, Virginia, West Virginia, Washington (State), District of Columbia (Washington DC), and Ohio.

I guess i am wondering if say you buy a timeshare resale document kit or use turbo close if they need to be reviewed by an attorney still or if they were originally written as such if you can just fill them out and send them for transfer. I have heard several people say they just filled out paperwork sent out transfer tax, document fees, and transfer fees and changed ownership in Florida. maybe you are correct and the statement is outdated or plain wrong above, but all the companies I know in Florida including timesharetranfer.com claim to be attorney reviewed. I am going to call turboclose today to see what they tell me but was hoping someone had used this before. I will still call tstranfers as you suggested and turbo close but I think that the attorney thing may apply in Florida. I am hoping someone can tell me what that implication implies. thanks for you reply. I know you know your stuff so assuming it does need to be reviewed by an attorney, does that mean I can't prepare the deed by adding the names to ones purchased by turbo close or timesharingtoday.com, or does it mean that I must use a copy of the original and change names, or either way I must have my work reviewed by a attorney. I am very confused but am hoping someone can help. Jim

I guess www.timesharetransfer.com has an attorney review all closings, going by your post above ..... I just never realized it since I have dealt with at least 2 females there that were not attorneys, however that doesn't mean that their closings aren't attorney reviewed. It's been a few years since I've sold a timeshare and used them.

So, it looks like you'll have to use a closing service that offers an attorney review since your points will be in Florida. If you have an attorney friend, perhaps he/she could review it for a small fee after you have completed the necessary forms.

jayjay wrote:

I guess www.timesharetransfer.com has an attorney review all closings, going by your post above ..... I just never realized it since I have dealt with at least 2 females there that were not attorneys, however that doesn't mean that their closings aren't attorney reviewed. It's been a few years since I've sold a timeshare and used them.

So, it looks like you'll have to use a closing service that offers an attorney review since your points will be in Florida. If you have an attorney friend, perhaps he/she could review it for a small fee after you have completed the necessary forms.

I think I have figured things out. Utilizing this website http://www.myflorida.com/dbpr/lsc/statutes.html In short from my non qualified opinion, this is how things go in Florida. They require ceratain terminolgy in the contract between the seller and the buyer. If any of these things are not present, then the contract is missinf then the contravt is not considered valid. that is probabally why most of the florida TS closing companies are attorney reviewed. i do not think it is actually required, though I am verifying this with FDBR. A copy of the original deed and due dilegence in making sure the drawer of the contrat includes the required 10 day recision (even on resale), information on disclosures to the buyer concerning the current amount of annual assessments, property taxes, delinquent assessments, and late charges (if any), are all listed as required parts of the contract. No where could I find in the code that attorneys were required, just that legal requirements were required in the contract. It is just my guess that this is why the closing companies in Florida are attorney reviewed and also why many people are succusful at transfering w/out closing companys. I am only ansewering my own question so as not to leave the issue unresolved. BTW that same website is a great resource, you may already use it but it really on the FAQ part about timeshares goes on and on about not paying upfront fees. Jim

By perusing the Turbo Close website, it seems to me that their service would benefit someone that closes many timeshares or someone who's getting into the timeshare closing business (not just closing of one timeshare points transaction, as in your case). By the time you pay the $119 for the closing forms, $99 for the advice on escrow and $59 for the forms for transferring the points to your name (and in county records), you would have paid $277 for their package (just for forms and advice) and then you'd have to do all the work.

With timesharetransfer.com , you pay only $300 and they do all the work from beginning to end. JMHO

http://www.tugbbs.com/forums/showthread.php?t=63218&highlight=closing+buyer

Copy and paste the above url for more opinions on performing your own closing.

I should correct a statement I made "I know timesharetransfer" is attorney reviewed. This was a mistake. I tried checking on the website and didn't see any such statement, so it may or may not. I was confusing transfermytimeshare with them so it is possible they are not. regardless I agree. Why use turbo close for just one closing if all those fees apply. I still may just order a resale document kit from timesharingtoday.com. they are $30 and supposedly contain all forms even those for points transfer. However I think with all the confusion I just may go ahead and spend the extra. I don't really need the protection of escrow so paying 300 was the thing I was trying to avoid. I did receive this response from turboclose...In Florida an attorney is not required when you are handling your owntransaction. However, you would need an attorney if you were doing theclosing documents for OTHERS. Jim

jimy21 wrote:

Why use turbo close for just one closing if all those fees apply. I still may just order a resale document kit from timesharingtoday.com. they are $30 and supposedly contain all forms even those for points transfer. However I think with all the confusion I just may go ahead and spend the extra. I don't really need the protection of escrow so paying 300 was the thing I was trying to avoid.

I did receive this response from turboclose...In Florida an attorney is not required when you are handling your owntransaction. However, you would need an attorney if you were doing theclosing documents for OTHERS. Jim

At least Turbo Closing gave you the main answer that you were looking for concerning no need for an attorney review for performing your OWN closing.

I do know that many people use Timesharing Today's closing documents to prepare their own closing but wasn't aware if they had to have an attorney to review the documents. Glad you found out this information as it will be useful to others.

Good luck and enjoy your points.

Thankyou. You have provided me with alot of knowledge throughout your postings. Glad if my aquisition of some helps someone else. I will enjoy for sure. Jim