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  #1 (permalink)  
Old January 26th, 2008, 01:37 PM
edithwong edithwong is offline
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Join Date: Jan 2008
Posts: 1
Default Selling Silverleaf Timeshare

I bought Silverleaf timeshare in Branson from a relative and we did a quit claim deed transfer because of the sale occurring between family members and the fee was quite inexpensive to to this. I understand that a more traditional closing would be beneficial if a sale were to happen with a stranger and I was wondering what the costs of closing would be if I decide to sell this timeshare with Timeshare Adventures? I did notice the no closing cost claims on this web-site. Does that include everything involved with the transfer or are there additional fees I or the buyer could expect?
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Old January 28th, 2008, 12:14 PM
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TAI_Staff TAI_Staff is offline
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Posts: 272
Default Timeshare Resale - No Closing Cost 'Ad Listing'

Timeshare Adventures offers a 'NO CLOSING COST' option called the PLATINUM AD LISTING, which includes the closing of the timeshare being performed by an independent, licensed real-estate attorney. This option includes:
  1. Attorney supervised preparation of a contract(if appropriate), deed or other transfer documents, and closing statement.
  2. Obtaining and analyzing an estoppel(account status) report from the resort.
  3. Obtaining a waiver of the resort’s first right of refusal, if applicable,
    escrow service.
  4. Preparing transfer tax forms.
  5. Recording or properly filing the instrument(s) of transfer(usually a deed).
  6. Paying usual recording fees and transfer taxes up to $50.00.
  7. Notifying the resort of the closing.
  8. Releasing escrowed funds to seller, resort, mortgage holder, et cetera.
  9. Filing an IRS 1099-S property sale report.

Full disclosure of the PLATINUM AD LISTING can be found the following link:

PLATINUM AD LISTING - NO CLOSING COST PROGRAM

Thank you for visiting our forum and I invite you to reply with any other questions pertaining to either the closing or timeshare in general.
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Timeshare Adventures 1-800-581-7330
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