TimeshareGuru

A word about Deeds:

I have often been asked the difference between a Quitclaim Deed and a General Warranty Deed and I would like to explain it more thoroughly to my customers. A “deed” is a document which meets certain legal requirements and has the effect of transferring ownership or some other interest in land.  A deed is used to determine “title” to land; that is, who has an ownership interest in land.  A deed offers conveyance of ownership. The title to land in any state depends upon the nature of the deeds used in the transactions affecting the land.

One of the most important differences between a Quitclaim Deed and other types of deeds is that the seller makes no guarantee or promises that the property is free of debt. Additionally, the seller makes no promises that no other party claims to own the property. The Quitclaim Deed says, in effect, that the seller is signing over whatever ownership interest he or she may have in the property and does not guarantee that the seller has any ownership interest at all.  A Quitclaim Deed is the worst form of conveyance that you can receive in real estate.  It is usually used in quitting a title to one’s property, such as a divorce to remove a former spouse, for example.

A General Warranty Deed is a deed in which the grantor warrants generally the title to the property conveyed to the grantee. That General Warranty of Title is a promise and representation by the grantor that the grantor will defend the title which the grantor conveyed to the grantee against the claims and demands of all persons whomsoever, back to the beginning of time. If anyone else (other than the grantee) comes along claiming any interest in the title conveyed, the grantor is obligated to defend the title of the grantee against any and all such claimants.

For these reasons, I would always recommend a General Warranty Deed over a Quitclaim Deed

Well, I finally bought a rare 2BR unit on the resale market at the DRI Kaanapali Beach Club.  My primary intent is to re-sell it but I want to be a weeks owner for a while so I can see how the resort reservations works compared to the corporate Club reservations.  In the process I am experiencing one of the most troublesome closing experiences ever.  The company selling the unit to me is great, and is very customer service focused in resolving problems.  But Summit Title in Orlando, FL 32801 is HORRIFIC!  They fail to deliver documents, then want to charge a fee to “re-deliver”, then deliver docs via e-mail in 8.5×14″ (Legal) format for std 8.5×11″ docs (when I attempted to print, the top of the docs got cut by my printer since it didn’t know what to do with the 14″ doc), and since I’m buying two time shares from the seller, Summit Title mixed the paperwork together.  When they send e-mail they refer to one timeshare in the header but discuss the second timeshare in the message!  Very confusing.

In the meantime www.timesharetransferonline.com recorded a deed from another seller which referred to two different fixed week units.  They have been very responsive in fixing the problem, but took 5 months to complete the close.

I do my own closings now when I sell timeshares.  I completed a close in 40 days for a DRI Powhatan Plantation this month, my first closing!  I don’t understand why it takes closing companies 60-90 days to do the job.  Check me out www.capecomputers.net and soon www.timesharevacationnow.com and www.timesharerentalsnow.com