Quitclaim deed and change DVC membership to just 1 person after divorce?

[dcibrando]

I went through a divorce earlier this year and as part of the agreement... I retain/solely own the DVC membership. Because of this I need to remove my ex-wife from the contact as a member.

What all do I need to do and where can I do this? Any assistance is greatly appreciated!


also... is it possible to add a child as a dvc members? I have a 6yr old that I will eventually want to be part owner as well.


thanks!

 

[erionm]

You should contact Member Administration for details about removing your ex-wife from the deed and membership.

You can't add someone under the age of 18 to a deed in Florida. I would guess the other states where DVC properties exist have a similar age requirement.

 

[_auroraborealis_]

Moreover, and you might want to discuss this with a financial planner, having them be a full co-owner at 18 could have impact on financial aid eligibility and should be reviewed as part of a complete financial plan.

 

[rcchello]

You may want to look into moving the membership into a trust at this time, since you have to modify the deed anyway. The benefits may exceed the cost of setting up a trust. It may allow you to add your daughter when appropriate without needing to change the deed again. You may want to talk to your lawyer about that.

 

[Dean]

I went through a divorce earlier this year and as part of the agreement... I retain/solely own the DVC membership. Because of this I need to remove my ex-wife from the contact as a member.

What all do I need to do and where can I do this? Any assistance is greatly appreciated!


also... is it possible to add a child as a dvc members? I have a 6yr old that I will eventually want to be part owner as well.


thanks!

You can have a full service company do it for around $450, do it yourself for under $50 or get a timeshare related online company to do it for as little as $170 for a single contract. Since you don't need title insurance (most don't anyway) doing it yourself is pretty easy in this situation.

 

[daisyduck123]

Hi!
My divorce was final last year. Ex-DH and I had been DVC members since 2006. I did get the DVC in the divorce. I contacted DVC, who put me in touch with a title insurance company they work with. It took a few months to get DH off of the title, but as of Dec. 14, 2014...the DVC is ALL MINE!
Best of luck to you!

 

[AJR]

I posted this a while back.
Your DVC can be changed with out hiring a professional. You will need to take the following steps.

1. Mortage satisifcation letter from Disney
2. Send right of first refusal letter to Disney, explain that it is a court order I sent copy of divorce decree cover page and page that showed only DVC information.
3. You should get you ROFR letter in 1 to 2 weeks.
4. Go to Staples or any office supply store and get a quit claim deed for FL. Fill out quit claim deed and have the completed deed notorized. This can be done in your home state.
5. Download FL taxation department DR219 and complete.
6. Send ROFR letter, quit claim deed, and DR219 to Orange County Comptroller. You must send a check for $18.50 per page to be recorded ( price last year).
7. Send change of membership letter and fee to DVC for changing the member names. It was $100.00, but I had heard that fee has changed.

DVC and Orange Co Comptroller will tell you to hire a FL realestate attorney, however it can all be done on your own for about $50.00.
Hope this helps.

You can find all my other posts in reference to doing this by doing an advanced search using my screen name. The steps listed above worked 12 years ago.

 

[disneynutz]

You can have a full service company do it for around $450, do it yourself for under $500 or get a timeshare related online company to do it for as little as $170 for a single contract. Since you don't need title insurance (most don't anyway) doing it yourself is pretty easy in this situation.

Did you mean do it yourself for $50?

 

[Dean]

Did you mean do it yourself for $50?

Yes, thanks, fingers must have got happy. I've edited the response.

 

[AJR]

Did you mean do it yourself for $50?

Yes it cost me $50 with certified mailings, county recording fees, and Florida quit claim form from office supply store.

 

[VFG]

So are the steps above all that I need to do? I actually just faxed the first form to DVC and am waiting for them to mail me the ROFR form back.

 

[Dean]

So are the steps above all that I need to do? I actually just faxed the first form to DVC and am waiting for them to mail me the ROFR form back.

Yes, with a couple of possible variations. No mortgage satisfaction needed if there's no mortgage involved. The recording fees are $10 page one and $8.50 for each additional page FOR EACH DOCUMENT. So if you have a 2 page deed and a 2 page ROFR, it's $37 plus the min Doc stamps (70¢ last I heard if $100 or less) so $37.70 is the usual minimum. The form 219 is no longer required I don't believe but the fees are still there. There hasn't been a DVC transfer fee in some time. You will also need to send a copy of the RECORDED deed to Disney with the second transfer form. Time saving tip#1: Get your deed ready while waiting on them. Use the current deed as a template. When you get it notarized, make sure it has TWO witnesses and that while the notary can be one of them, the act of notarizing the document does not serve as a witness so have them sign extra as the witness. It's common that people around work and at Banks/CU are notaries and will do that for free and act as the witnesses. Time saving tip#2: once you send the deed for recording, watch the website. Once it's there, just print it out and send that with the transfer fee. It can take weeks to get the recorded deed in the mail. Besides Office Depot/Staples, there are several online locations for FL specific deeds, these often allow you do use the computer to fill them out rather than having to hand write them.

 

[VFG]

Yes, with a couple of possible variations. No mortgage satisfaction needed if there's no mortgage involved. The recording fees are $10 page one and $8.50 for each additional page FOR EACH DOCUMENT. So if you have a 2 page deed and a 2 page ROFR, it's $37 plus the min Doc stamps (70¢ last I heard if $100 or less) so $37.70 is the usual minimum. The form 219 is no longer required I don't believe but the fees are still there. There hasn't been a DVC transfer fee in some time. You will also need to send a copy of the RECORDED deed to Disney with the second transfer form. Time saving tip#1: Get your deed ready while waiting on them. Use the current deed as a template. When you get it notarized, make sure it has TWO witnesses and that while the notary can be one of them, the act of notarizing the document does not serve as a witness so have them sign extra as the witness. It's common that people around work and at Banks/CU are notaries and will do that for free and act as the witnesses. Time saving tip#2: once you send the deed for recording, watch the website. Once it's there, just print it out and send that with the transfer fee. It can take weeks to get the recorded deed in the mail. Besides Office Depot/Staples, there are several online locations for FL specific deeds, these often allow you do use the computer to fill them out rather than having to hand write them.

Quick question about the deed: Do you know if I can do a quick claim deed? Or do I need a full deed? I found a quick claim Florida deed at one of the Florida county websites but I'm not sure if I need the longer version.

 

[Dean]

Quick question about the deed: Do you know if I can do a quick claim deed? Or do I need a full deed? I found a quick claim Florida deed at one of the Florida county websites but I'm not sure if I need the longer version.

Absolutely. As long as it meets the requirements with the blank square of sufficient size and the witnesses. There is some question that a quick claim deed may cloud the title going forward and preclude title insurance in the future but I don't think this is a big deal.