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Thread: Giving my timeshare away to someone from another country.

  1. #1

    Giving my timeshare away to someone from another country.

    Hello,

    I posted an ad on Tug to give away my timeshare. I said that this year's maintenance would be paid in full. I also agreed to pay the closing costs. In one day, I got a response from someone saying they would like to take my week. It is week 14 at Wyndham Palm Aire. I am a little concerned because the person who responded is from Brazil. He gave me a yahoo email address and his location said Brazil. Should I be concerned about it possibly being a scam? And if it is legit,, does the fact that he is from another country complicate the closing procesess at all?

    Thanks,
    Amy

  2. #2
    Please excuse me, I'm a Dick. Not a moron just a Dick
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    I sold a week to someone from Hong Kong, but that was awhile back in more innocent times.

    Do you have a way to confirm they are for real?

    If you are just quit claim deeding it, you don't need their signature.

    There is some element of concern for every transfer where you don't know or meet the people. Do your best . . . then it will be what it will be.
    RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

  3. #3
    I dont see the possibility of a scam... I mean how can they hurt you. You dont expect any money from them so they cant take your money and then not close.

    The worst that can happen is that you pay the closing costs and then they dont close, but as has already been said, in most places the buyer doesnt sign the deed anyhow. The transfer will happen

  4. #4
    Please excuse me, I'm a Dick. Not a moron just a Dick
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    It is when the unknown buyer says, "I would like to give you more than you are asking . . . " that you have to walk away.

    RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

  5. #5
    Please excuse me, I'm a Dick. Not a moron just a Dick
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    If I was doing it, as I have a few times in the last year, I would "close" it myself. I would go to a free legal document site and get the quit claim deed form used in the state in question. I would get the Recorder's email address and send them an email explaining what I'm doing, asking for any further instructions and asking for payment information. Then I would mail the QCD to them with a brief cover letter and their money.

    I would tell the "Buyer" that the total of our emails constitutes the Agreement, and spell everything out. Of course, I would save them and a copy of the recorded deed. I'd have the original sent to the "Buyer" and send a copy to the resort.

    Should be $20-30 total cost.

    YMMV
    RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

  6. #6
    Goomba & Super Moderator tonyg's Avatar
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    If you are not sending money it is probably not a scam. I would go with the quit claim deed or other transfer paperwork, depending on the resort/resort groups requirements/recommendations. The only pitfall I see that could happen is that should the new owner not pay the fees, the resort might come back to you saying that it was a sham sale by you to get out of your responsiblity- but I think your ad and commentary here would show otherwise. I have met Brazilian timeshare owners, so it is not that unusual.

  7. #7
    Industry Representative ConsumerProtectionLawyer's Avatar
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    Great group advise, sounds pretty safe & sane. One caveat (but may never happen), just be sure that NO fees or costs (in any way) are somehow later explained must be sent to the buyer or some escrow they choose... etc.

  8. #8
    Thanks Everyone. All of your advice put me at ease.

  9. #9

    Just found out my resort has a deed back program free of charge!!!!!

    After finding out that Wyndham has a $299 transfer fee, I decided that paying this year's mainitenance, the closing company and the transfer fee was making it too expensive for me to give away. I called my resort and asked if they have a deedback program. It turns out that they do and it is at no charge!! They are going to send me a form. I fill it out , have it notorized and send it back and in 8 to 10 weeks, it will be out of my name!!

    I asked if they have this for all Wyndham resorts. They said the program is for any Wyndham resorts that want to participate.

  10. #10
    Please excuse me, I'm a Dick. Not a moron just a Dick
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    That's good news.

    Sometimes unless something squeaks you don't know it needs oil.

    Check back and let us know how it goes.
    RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

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