COMMON SENSE ADVISE ABOUT ESCROW

As a practical matter, most people are simply not equipped to prepare the documents and handle the many details of an escrow. By using a licensed escrow, the need for a buyer and seller to rely on the honesty of each other, is eliminated. The fees paid to an escrow are really like an insurance policy. The escrow assures that the transaction is closed legally and exactly in accordance with the purchase agreement between the buyer and the seller. The escrow also confirms and verifies all of the important facts of the transaction as a protection for both the buyer and the seller.

The escrow assures that the buyer's funds are not disbursed unless:

Title has been conveyed to the buyer free and clear of all liens;
The homeowners association and resort verify that there are no unpaid assessments or liens against the timeshare
The deed from the seller has been signed and notarized by all persons claiming an interest in the property
The real estate taxes have been paid, old mortgages have been released, etc.
The seller is protected because deed to the buyer is not recorded unless the full purchase funds are in hand and verified by escrow as being good funds.
Innumerable other items must be verified and processed - each escrow is different

The cost for timeshare escrow services generally runs between $350 to $500.

In summary, by using professional escrow the buyer is assured of receiving exactly what the purchase agreement calls for, and the seller is assured that all of the requirements have been satisfied, thereby eliminating any future litigation derived from conflicts with the buyer.

800-555-1353

Ask for Mark Nayman

570-688-9220 Int'l - 570-504-2603 (Fax)

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tsresale@ptd.net

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All information presented is deemed accurate but cannot be guaranteed until all official resort and owner documents are reviewed. The information on this site is provided by individual property owners, marketing and ad agencies or owners associations through the Timeshare Resale Division of: Andrew Hunter Real Estate licensed Real Estate Brokerage # RB046454-L Suite #8 Merchants Plaza, Tannersville, PA 18372 USA Andrew D. Hunter, Broker, Mark L. Nayman, Associate Broker # AB 065991

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