TrueShares has partnered with Timeshare Closings For Less to handle all aspects of your timeshare resale transfer including the resort closing, legally compliant document preparation, submission of the deed for recording, any additionally required state tax forms, coordination of title insurance, escrow and disbursement of funds, and, lastly, we make sure the transfer is processed properly at the resort. We work closely with the buyer and the seller to keep both informed throughout the transaction.

We encourage our clients to ask questions. We want both the buyer and the seller to feel completely comfortable and informed throughout the entire process. Because we have over 30 years of expertise in the resort and timeshare industry, we can guarantee that each transaction is processed correctly and quickly.

• Document Preparation: We professionally draft all documents necessary to transfer ownership (either a deed or right to use contract).
• Closing Settlement Statement to Buyer and Seller: We provide these documents to inform each party what the breakdown of the closing costs are.
• Collection of funds: We collect the funds necessary to transfer ownership of the timeshare, and we hold the funds in our escrow account until the transfer is complete.
• Ownership Document Processing and Resort Notification: Once signed by the seller, we send the deed or right to use contract, immediately in for recording or for transfer. Once the deed is recorded, we forward a copy of the deed to the resort to complete the transfer. A copy is then sent to the buyer and seller for their records.
• Estoppel Report - Included in Standard Closing: Details any outstanding maintenance fees, taxes, and/or special assessments that are due or may become due.
  * Some resorts charge a fee for this report otherwise, there is no additional charge for this service from us.
• Copy of Deed: If you are unable to locate a copy of your original deed, then we will obtain a copy for you. If a copy must be ordered, then we only ask that our cost be reimbursed.
• Title Insurance: Timeshare title insurance is not required, but it can assure the Buyer that there are no recorded liens on the title of the unit they are purchasing. Prices will vary by state.
• Resort Transfer Fee: Most resorts charge a transfer fee. This fee is not included in our service, but we will be happy to facilitate the paperwork for you. Please call us and we will call the resort to verify if there are any additional fees at the resort level to transfer the timeshare.
• Bonded and Insured: These policies protect both buyers and sellers. We’re proud to report our A+ BBB rating after 20 years in business!

• • $500,000 Error and Omissions Policy
  • $35,000 Surety Bond
  • A+ Rating with the Better Business Bureau

What is First Right of Refusal?

Some resorts require that they be given the right to repurchase the timeshare for the same price as other potential buyers. (This clause should be in the original sales documents the seller received when purchasing the unit.)

What are the various ways to hold title on my new deed?

Joint Tenants (joint tenants with right of survivorship) means that if there are two or more owners on the deed and one owner dies, then the surviving owner will continue to own the property, and the estate and heirs at law of the deceased owner will receive absolutely nothing. All that the surviving owner will need to do to remove the deceased owner's name from the asset is to show a death certificate.

Tenancy by Entirety: Allows spouses to own property together as a single legal entity. Under tenancy by the entirety, a creditor of an individual spouse may not attach and sell the interest of the other spouse; only creditors of both may attach the interest.

Tenancy in Common: If property is owned by two or more people, as tenants in common, each owner will hold a percentage of ownership interest in the property. The percentages don't have to be equal and are determined by how much each owner contributes to the purchase of the property.

What is timeshare title insurance? How much does it cost?

Title insurance is a policy issued by an insurance company guaranteeing that the title to a parcel of real property is clear and properly in the name of the title owner and that the owner has the right to deed, convey or sell the property to another person. Should a problem later arise with the title (such as an inaccurate description), the insurance company will pay the damages to the new titleholder, or secured lender, or take steps to correct the problem.

The cost for title insurance depends on the state in which your timeshare is located. Give us a call for an exact quote.