hi. i haven't actually gone ahead and done this yet.
but i wanted to
drop a name from our deed. adding a name is the same procedure.
i contacted
DVC Membership Administration. and they faxed me a detailed instruction sheet.
basically, if you want to add someone to your deed, you need to submit an official letter of notification to DVC.
basically, tell them you want to request that they Waive ROFR for a gratuitous Transfer of Ownership Interest.
if Jane Doe wanted to add John Doe to the deed. then it would be something like "Jane Doe ('Grantor') wishes to make a gratuitous transfer of her ownership interest to Jane Doe and John Doe ('Grantee')".
then, once you pass ROFR, you must have someone (a lawyer, closing company, or yourself if you know how) rewrite the Deed.
you can do a regular Warranty Deed.
or you can do a Quit Claim Deed.
you must contact Orange County Office of Comptroller to get info on how to go about getting the new Deed recorded.
also, DVC might charge you a $100 Transfer fee. plus, to get the Deed properly written, you might have to pay a lawyer or closing company up to $400? i'm not sure on that figure.
plus there is a recording fee and taxes from Orange County. it's less than $50 though, i think.
i think, yes, the added member will get a Membership Card.
you might also want to consider making them an Associate Member instead. if you want to avoid the hassle of redoing the deed. i don't know the details though. i know Associate Members don't have all the same perks as a regular member.
