VOS will work with your operations team to determine what your delinquency base looks like. We can then devise an action plan to help you get your delinquent inventory transferred back to your HOA so you can monetize that valuable real estate.
We have relationships with many different companies in the timeshare vertical. We can help you find Clubs to partner with or Repurposing companies that can help right size your inventory or Sales teams that can sell your inventory.
If you are looking to exit your timeshare ownership, call us and let's see how we can help. We aren't an exit company but we have helped exit companies satisfy some of their contracts. Likewise, we may have relationships with various developers or HOAs and we may find a back door to rid you of your obligation.
A warranty deed promises that the grantor holds good, clear title to a piece of real estate. It promises also that the grantor has the right and authority right to sell it to the grantee or buyer. A quitclaim deed, on the other hand, makes no promises about the quality of the title to the property.
For more information, please see this link from RhodesLaw.com
Title vesting in real estate refers to the legal way in which ownership of a property is held. It defines how the names of the property owners are listed on the official documents, such as the deed. The method of title vesting determines the rights and responsibilities of each individual or entity that holds an ownership interest in the property.
There are different forms of title vesting, and the choice of vesting method can have significant implications, particularly in situations like property transfers, sales, inheritance, or disputes. Some common types of title vesting include:
The choice of title vesting can have legal, tax, and estate planning implications, so it’s essential for property owners to understand the different options available and seek advice from legal and financial professionals to make the best decision for their specific circumstances.
Absolutely! It isn't rocket science to create a deed. But there is a reason why Title and Escrow Agencies exist. It is to ensure properly formatted document that conveys the correct inventory and one that the resort will recognize.
However, you need to ensure a few things on the deed you create:
1) You have the proper details conveying the property you own;
2) The HOA / Property approves of your deed;
3) The deed you record can be transferred without issue down the road in case of sale or insurability.
Removing an ex-spouse from the timeshare deed is a good idea on many levels.
1) both parties on the deed are equally responsible for the maintenance fees and any other debts related to the ownership;
2) both parties have equal will continue to have full access to the ownership until the other party is removed. If in a community property state, the new spouse will have access to the unit. This may require a spousal deed for a proper legal transfer removing a spouse from ownership;
3) transferring the unit now alleviates issues when one spouse wants to sell their unit or passes away.
Community property states in the U.S. follow a legal framework where most property acquired during a marriage is considered jointly owned by both spouses. Here is a list of the states that follow community property laws:
Arizona
California
Idaho
Louisiana
Nevada
New Mexico
Texas
Washington
Wisconsin
Additionally, Alaska allows couples to opt into a community property agreement, but it is not automatically a community property state.