Hello,

I'm thinking about buying a timeshare and was wondering how I or any buyer on the secondary market is sure that when I make the purchase the mortgage is clear and that the maintenance fees are paid. I've looked at a lot of the posts in this timeshare forum and there is a lot of talk about the no closing costs and the attorney Timeshare Adventures has to perform the closing, but what exactly is done to guarantee that when I buy a timeshare it will not have past due maintenance fees, mortgage(?), lien, etc...?

Thanks,
K.M.

Hi K.M.(finewhine)-

If the timeshare you purchase is being advertised with Timeshare Adventures as a PLATINUM AD LISTING or if you have our closing department handle the closing of any timeshare transaction an estoppel letter/report is obtained from the timeshare resort. This document reveals the current owners account status, insuring full payment of maintenance fees, taxes and mortgages. This document also confirms the size of unit, type of unit, status and availability of the week and/or points the timeshare buyer is purchasing.

With Timeshare Adventures and our PLATINUM AD LISTING option this document is acquired and analyzed and the usual cost of closing are completely eliminated for both the timeshare buyer and seller and performed by our independent Real Estate Attorney.

Timeshare Platinum Ad Listing: No Closing Cost Program

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