Deed and Record,Independent Resource for Timeshare Gifting 

Timeshare Gifts, Resales and Deed Backs

At the time of purchase timeshare owners enter into a contract to pay on-going maintenance fees. Regardless if the timeshare is used or not the owner is obligated to pay the fees. Tip Sheet by Deed and Record considers options available to timeshare owners.

The first option of not paying the maintenance fees is a bad one. The timeshare company will be aggressive in collecting their fees. The timeshare company may turn over collections to a third party who will be relentless in the pursuit of those fees. Worse, the timeshare owners credit history will be adversely impacted.

A better option is to attempt to sell the timeshare. But the resale market is thin. The timeshare owner may be in for a shock to find the resale value is pennies on the dollar compared to the original purchase price. For many timeshare resorts there is no resale market.

There are timeshare brokers in the resale market. The problem is the broker will want payment of his or her fees upfront. This is due to the broker knowing the supply exceeds demand and the likely hood of getting paid a commission is low.

The next option is to gift the timeshare. Friends or relatives may be willing to take the timeshare because they will use it. But full disclosure of the maintenance fees is necessary.

Some timeshare companies are willing to take the timeshare back. The process is referred to as a “deed back.” The timeshare owner deeds back ownership to the timeshare company in exchange for relief from the maintenance fees.

These are the basic steps

1. Find some one who can use the time share, most likely the hardest step
2. Prepare a quit claim deed to transfer ownership
3. Record the deed with the County or the Bureau of Conveyances
4. Present the recorded deed to the resort management to update their records.

DeedAndRecord will prepare the quit claim deed and record it. The deed must be made part of the public record so the world knows there has been a change of ownership. Specifically we will: 

1. Determine the precise legal description of the timeshare, including parcel number, internal control number, map, block and lot number
2. Determine the tax identification number of the timeshare
3. Determine how title is held
4. Prepare the quit claim deed
5. prepare transfer documents required by the County Recorder or Bureau of Conveyances
6. File the deed with the County Recorder's Office or the State of Hawaii
7. Return the deed with proof of filing

Sale of timeshares for value should be done with a warranty deed, through escrow and with title insurance. Deed and Record is for quit claim deeds to give away the time share.  Quit claims are essentially the owner walking away from the time share. The new owner takes the property “as is.”

For more information, please Email Mark@DeedAndRecord.com or call 949-714-8466.