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.
Country relating to Question: United States
State (if USA): Florida
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.
Attorney licensed in multiple jurisdictions.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).