Need help with changing names on DVC contract

poohj80

Got Hunny?
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Jul 16, 2001
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Hi all,

I'm looking for help from those who have navigated the process of changing the names on a DVC contract. I spoke with someone at DVC this morning and they sent me a Change Title Form, but it also says I need to find my own closing agent and that's where I need help. Can anyone recommend a closing agent that can help change the names on the deed once DVC has processed their part of the paperwork? I don't even know where to start or how much the fee involved will be. Any help would be greatly appreciated.

Many thanks!
PJ
 
Assuming you actually need to do it (many don't need to when they think they do), you can do it yourself for under $50 or get a closing company to do so. There are a number. A full service one will cost you in the range of $400-500, LT transfers will be under $200 total if it's at WDW.
 
Assuming you actually need to do it (many don't need to when they think they do), you can do it yourself for under $50 or get a closing company to do so.

Thanks for the response Dean. I do need to do so and would be interested in how it can be done for only $50.

Thanks again!
 
Step 1 is to get the initial transfer form, sounds like you may have that one. You'll complete it and send it back and they'll send you another form plus a waiver of ROFR (assuming you're just adding or removing names). You'll then need to record a deed and the waiver and send a copy of the recorded deed along with the second transfer form to them. Recording is under $40 for this for Orange County for a single contract but you'll need a quit claim deed with all current owners having signed and notarized. You can get a FL deed template or form and use your current deed legal description. You didn't say the circumstances but if there are any parties that might be a holdup, go ahead and work on that portion while waiting on DVC to send you the waiver.
 

You'll then need to record a deed and the waiver and send a copy of the recorded deed along with the second transfer form to them. Recording is under $40 for this for Orange County for a single contract but you'll need a quit claim deed with all current owners having signed and notarized. You can get a FL deed template or form and use your current deed legal description.

Thanks again Dean, this is where I'll need help. Will DVC send directions on how to record a deed? I'm not in FL so really don't have a clue where to start.
 
I don't think they will tell you how to record a deed, but here is information:

http://www.occompt.com/official-records/recording-fees/

and forms:
http://www.occompt.com/official-records/forms-and-publications/

and other information:
http://www.occompt.com/official-records/fee-calculators/deed-recording/

1. Obtain a copy of the original deed transferring ownership from Disney to current owners. This will have the legal description of the property interest being transferred, as well as the exact names of how the title is currently held;
2. The grantors should be titled exactly how they originally got title. For example, John Smith and Jane Smith. If there are any middle names or initials, make sure they all match up.
3. The signatures of the grantors need to be notarized. Make sure to bring ID.
4. Follow the statute below (calculate documentary transfer tax, etc.). If there is no consideration changing hands (money, property, etc.), it should be zero.
5. Calculate the recording fees (see above link);
6. Send completed deed with notarized signatures and legal description, check for fees, to Orange County Comptroller (check website to see exactly how the check for the recording fees is to be made payable to).

**Interesting that the website doesn't provide you sample deeds. I know certain recorder's offices in California even provide you blank deeds on their website.

According to Lee County, FL, these are the deed requirements in FL:
http://www.leeclerk.org/index.asp?T...12}&DE={4B5A91AB-8CE7-40C2-9E9F-84ACAD0B6527}

The Deed requirements as outlined by Florida Statute 695.26 are listed below:

  • “Prepared by" statement (name and address of the “natural” person preparing the Deed)
  • Grantor(s) (Sellers-Party Giving Title) names legibly printed in the body of the Deed
  • Grantor(s) mailing address
  • Grantee(s) (Buyer-Party Receiving Title) names legibly printed in the body of the Deed
  • Grantee(s) mailing address
  • Signatures of Grantors
  • Names printed under Grantors' signatures
  • 2 Witnesses, for each signature (For all Florida Deeds) the names of witnesses printed under witnesses' signatures
  • Complete Notary acknowledgment
  • Names being acknowledged
  • Date acknowledgment taken
  • Signature of Notary
  • Name printed under signature
  • Commission expiration date
  • Ink Seal
A three-inch square white space on the top right-hand corner of the first page of each document and a one-inch by three-inch square white space on the top right-hand corner of each subsequent page of the document. This space is necessary for us to apply computerized recording information.

Chapter 201, Florida Statutes – Collection of Documentary Stamps

The Clerk of Courts is to collect Documentary stamp tax at the time a deed is recorded. The tax is levied at the rate of $.70 per $100 (or portion thereof) on documents that transfer interest in Florida real property, such as warranty deeds and quit claim deeds. This tax is based on the sale, consideration or transfer amount and is usually paid to the Clerk of Court when the document is recorded. The Clerks of Court sends the money to the Department of Revenue and the Department distributes the funds according to law. The sale price, transfer, or consideration amount must be on the deed or in a cover letter for recording.

I found blank deeds on the Brevard County, FL website here:
http://brevardclerk.us/official-records-forms
 
Thanks again Dean, this is where I'll need help. Will DVC send directions on how to record a deed? I'm not in FL so really don't have a clue where to start.
The info above covers it. If you need handholding, I'd go with LT transfers. Recording is $10 page 1 and $8.50 for each additional page for each set unless it's changed recently. For a 2 page deed and 2 page ROFR that's $37 plus the doc fee minimum which I believe is 70¢.
 



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