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I own a timeshare clear of any liens or mortgages, and my fees are paid to the end of the year. If I send my deed along with the fee Donate for a Cause requires, I will receive a Warranty deed that I would then sign as grantor to the grantee (in this case it would be J&J Timeshares, Inc. who I have spoken with and asked many questions. The president of this company assures me when I sign the new deed to the grantee, have it notarized and send it back I am then free and clear of all further obligations of this property(timeshare) and any new fees that are due for 2013 and thereafter are the grantees obligation. Would I be free of this property and any further obligations forever? My timeshare is in FL and the Closing Company and J&J Timeshares, Inc. and Donate for a Cause are in Bozeman MT.
Optional Information: Country relating to Question: United States State (if USA): Florida Already Tried: nothing
Hello and thank you for asking your question. My name is XXXXX XXX I will be assisting you.
This arrangement would be similar to a sale, except you are donating the unit. Since there is no mortgage or other debt, you have the Right to Sell the property, and the new party would become the owner and new responsible party. You would need to ensure they immediately record the new deed, so the "sale" becomes public record. Also, you might consider contacting the timeshare company that owns your unit, to make sure there are no issues raised by this sale and no other requirements from them. That would also put them on notice of the sale to the new owner.
Experience: Attorney licensed in multiple jurisdictions.