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How timeshare ownership transfers

Types Of Timeshare Deed Transfers

 

There are two types of deeds commonly used in real estate transactions: warranty deeds and quitclaim deeds.

Warranty Deed

The most common way to transfer property is through a warranty deed (sometimes called a "grant deed"). A warranty deed transfers ownership and also explicitly promises the new owner that the grantor/seller holds good title to the property. 

 

Quitclaim Deed

Another way of deed transfer is through a quitclaim deed. In such cases, the property owner transfers any ownership interest the grantor/seller has in the real estate property, but makes no promises or guarantees about what that interest is or that title is good. 

Quitclaim deeds are most commonly used to clear up title problems, to transfer property between spouses after a divorce, or in informal transactions between friends or family members.

Put another way, a warranty deed says "I promise that I own the property I am giving you and the title to it is good," while a quitclaim deed says "I'm giving you whatever interest I have in this property, but I'm not making any promises about it. My title might not be good and someone else might even own the property but whatever I have is now yours." 

To get started, we first have to verify the unit details. Essential information is such details as Name of Resort, Purchase price, weather or not the property is paid off or there is still a balance, size of unit, maintenance fees, and a few other minor details must be verified before we can assist a Timeshare Owner with a Special Warranty/Quitclaim Deed. 

What makes the Timeshare Exit process unique with us here at WBRS is I can provide you with specific details explaining how the process works, what exactly it will cost you to exit the timeshare, and WBRS provides the quickest turn around times in the industry. Depending on which resort you own at WBRS can have you out of your Timeshare in as little as 30 days! To see what some of our clients have to say about working with us CLICK HERE.

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