Transferring Ownership

[pixleyyy]

What perfect timing this thread is. A couple we are close friends with are divorcing and neither want their dvc contract. Their divorce stipulates that it will be gifted to us instead, and I was looking for details on how that process might work, what we need to do and how much it will end up costing us. This has been so helpful! If anyone has further tips for our situation, I'm all ears.

 

[Dean]

Wow Drusba! Thank you so much for the detailed response!! We could definitely do this as a gift because she really just doesn’t want the contract any more and crazy crazy doesn’t use the points for any trips to Disney. I’d just feel bad taking it from her without anything but clearly it would be easier to do that and get the title in my name. Thanks for the clarification on differences between associate and transferring membership!!

One last question, do we call DVC to do this or are there title brokers we should use? I certainly don’t mind paying title transfer fees and such just want to do it the cleanest way possible with DVC unless they are going to bilk me with fees that I don’t really need to pay . Thank you!!

For WDW it's fairly simple. You fill out transfer form #1 and they send you a waiver of ROFR. You then record a new deed and send them a copy along with transfer form #2. Cost about $40 for Orange County. If you want someone else to to it, and I would for HI, CA or SC; I'd use LT transfers which should be around $175 out the door. Even then I'd do the first and last step yourself. Someone was recently told they didn't need ROFR now but we've seen no confirmation and the website still lists it otherwise. I'm guessing it was because it qualified as we're discussing here and they weren't subject to the risks of ROFR but it appears the process is still needed.

 

[Dean]

What perfect timing this thread is. A couple we are close friends with are divorcing and neither want their dvc contract. Their divorce stipulates that it will be gifted to us instead, and I was looking for details on how that process might work, what we need to do and how much it will end up costing us. This has been so helpful! If anyone has further tips for our situation, I'm all ears.

It gets more complicated for a friend rather than a family member. The owners should ask DVC about this. The instructions and initial form are on the website.