Question - Title on a Timeshare

[Wishing on a star]

I know that this is the kind of thing that varies, but, I just wanted to run this by somebody and see what you think?

I think it is just more bogus frustration and $$$$$$ that comes with the time-share ownership fiasco.

Okay, my husband is listed on the Title of our timeshare week, along with his mother. He has always been listed as an owner. Well, now his his father is passed away, and his mother is elderly, and will never use it. We have been responsible for everything regarding this timeshare week for a few years now.

My husband just emailed the property, and asked them about changing the Title.... We want to remove his mother, so that she no longer has any liability or interests in this timeshare week.

It seems to me that, if this is what his mother, and he, both agree to... They can go to the Courthouse ( or nearby Notary ) and do a Quit Claim Deed. Minimal fuss and fees involved.

We got an email back from one of the ladies at the property that said... Contact a lawyer, PLUS, on top of lawyers fees, we are to pay them $100.00 processing fee.

I worked a bit in mortgages, years ago, and it seems to me that this property is obligated to maintain accurate records, according to any legal document (quit claim deed). And they really don't have any standing to charge for that. (now, if they were actually providing services as an agent for the buying or selling of any property/week, I can understand fees for that... but I really see no involvement on their part)

Anybody have any feedback or info on this kind of situation?

 

[ead79]

I don't know for sure, but I think this is what we were told when we bought DVC a few years ago.

The DVC membership is in my name only. To have DH's name added after the fact involves a lawyer filling out some paperwork, which I think our guide told us would cost around $250. Not sure why though.

 

[abdmom]

It's pretty standard for an administrative fee to be charged when the ownership changes on a timeshare. I have seen as much as $500. One hundred is pretty low.

 

[bicker]

And I would check the master deed and bylaws: You perhaps will find that such a fee is part of what was agreed to at the time of the original purchase.