- Timeshare Discussion Forums
- Buying, Renting, and Selling Timeshares
- Legal title for recently acquired...
Legal title for recently acquired time share?
Hello everyone! New here. We just bought our first time share from a private owner. They provided us a deed and said there was clear title. We just got a letter from Marriott confirming the receipt of the recorded deed and the title transfer in their records.
Their letter to us stated "If you have not already done so, you may want ot consult a qualified attorney or title company for an opinion that the legal title is in your name and that the title is clear of any liens or other problems that may affect your ability to later mortgage or sell your property".
Can anyone provide the name and phone number of an attorney or title company who can provide this service at a reasonable cost?
Thank you in advance!
Diane V.
Diane V.
First, who did the closing of the sale? If there was a transfer/title company involved much of that may have already been done. I would call the title/transfer company to find out. If not previously done, they may add a title search for you as a customer for a reasonable fee if you ask nicely.
OR.....Just go to the county clerk's website in which the timeshare is located. Do a search on the website to find your recorded deed. This will let you see a copy of your recorded deed. (Hard copy will usually cost). [If you have a hard copy of your recorded deed you can skip this step but it is good practice to continue your search if you want to do that] Then search for the unit's previous recordings. (Using the sellers name you will find on your recorded deed - continue this process back to the original sale from Marriott.)
This does not guarantee the unit to be lien free. Hopefully you have confirmed with Marriott that the unit purchased was paid in full and the Maint fees were current. If not, do so.
The history of recordings you find on the county clerks web site will HELP (not guarantee) you to determine if any liens have been recorded against the unit. The only way to be more sure is have a title company do a search (which mostly involves the above) and get title insurance. Any of my resale purchases have not been for an amount great enough to justify the cost of insurance, but that is a personal judgement call.
Ron D.