-
1.
A proper transfer document is prepared ( Deed, Transfer of
Ownership or Assignment Paperwork)
- 2.
This document is sent to the Seller for
execution. Along with Settlement Statements
to the buyer and seller. At this time the remaining funds are
requested from the buyer (to be held in escrow).
- 3.
The document are received from the Seller and Buyer and reviewed
for proper execution. (It is important to follow the
instructions included in your packet).
- 4.
The document is sent for recording only at the time all funds
have been received from the buyer and all documentation received
from both Buyer and Seller.
- 5.
The Deed is sent for recording in the State and County the
property is located in.
-
If the document is a transfer
of Ownership it is sent to the appropriate corporate
headquarters of the resort to complete the transfer along with
the transfer fee
- 6.
Once the Deed has been
received in our office from Recording, a copy is sent to the
Resort with the Ownership Change Notification Letter.
- 7.
Finally, the original recorded deed is sent to the new owner for
safekeeping.
-
- How
long does it take?
- There are two answers to
this question:
-
- 1.
After we have confirmed with both parties and have received all
necessary documentation to commence transfer, the documents
should be mailed to both parties within 10 business days.(
Pending 1st rights of refusal have been received )
- 2.
The second part of the question is a function of how long the
County in the State where the property is located takes to
record a deed. Some counties have a turnaround time of 2 weeks
others can be up to six weeks in processing. (Extra work is put
in to the counties that require more time to record. All
documents are sent via Fed Ex to recording .) We know these
counties that require more time and submit special recording
instructions so that your closing can move forward in spite of
these timelines.
