PSA: Double check during the transfer process

Brian Noble

Gratefully in Recovery
Joined
Mar 23, 2004
Messages
19,219
In the last year, I've been involved in the transfer of seven different timeshares. Only one of them went off without an error somewhere. These were all handled by very reputable, well-regarded firms, so I'm not going to name names. People do make mistakes, and these weren't always the fault of the transfer agent. But, ultimately I had to get involved in each of the six to correct something (and a few of them are still not fully right).

So: Pay close attention, and be quick to identify errors!
 

In the last year, I've been involved in the transfer of seven different timeshares. Only one of them went off without an error somewhere. These were all handled by very reputable, well-regarded firms, so I'm not going to name names. People do make mistakes, and these weren't always the fault of the transfer agent. But, ultimately I had to get involved in each of the six to correct something (and a few of them are still not fully right).

So: Pay close attention, and be quick to identify errors!
Transfers…. as in someone was transferring you a timeshare or vice versa in a gratuitous transfer?
 
Brian, anything to watch out for specifically?
Read the contract carefully. Even if you identify errors at that stage, they may still make it into the filed deed, because they are usually formatted in a way that the signature page is separate from the description page(s). Then, know about how long the transfer is supposed to take, and start calling the management compnay once you reach that point if it is not done yet. I don't think you need to call *early* (I never do) but once you are outside the normal range, that's a time to check in.
 
Great point. I sold a contract earlier in the year and didn't notice that they had missed part of my last name until AFTER I got home from the notary (apparently the notary missed this too...which makes one question the utility of the notary). Since the name was exactly the same as on my deed, I don't know how they screwed it up, but it happens.
 
My most recent was tenancy. Not a huge problem, and the corrective was filed the next day, but I'm glad I spotted it.
 
I recommend doing this (AND the incentive math, which may be listed as Seller Adjustments in contracts) on any direct contracts, too. Save the price sheets (links often posted; save this as a PDF or print it since the links will change or disappear) from your incentive period to double check against. DVC Quality Assurance is good, but a second set of eyes is still warranted as unintentional errors can occur.
 

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