Title Insurance for Timeshare

Title insurance in the timeshare industry is similar to title insurance for a home or other property purchase. Title insurance is optional for the buyer of a timeshare in order to protect them from financial loss due to undeclared liens, title defects, overdue maintenance fees, or other issues that may obstruct the transfer of property ownership. It may or may not be necessary depending on a number of factors, which is why it is important to understand exactly what it is and how it works.

Today the timeshare market is full of people who are desperate to sell their properties. Unfortunately,Read the rest of this entry »

Bluebeard’s Castle Foreclosure

We received the following submission from one of our users about their experience with Bluebeard's Castle Resort in St. Thomas:

"I was roped into buying a timeshare in 1993 on my honeymoon. Once we returned my wife and I realized we couldn't afford it so never paid for it. We received a foreclosure notice from the bank that financed it and never heard from them again until last month. I received a collection notice from a collection agency saying we owe $25,000 in back maintenance fees and interest. The deed is still in my name? How is that possible when... Read the rest of this entry »

Timeshare Deedbacks

We recently received the following submission from one of our users regarding their timeshare property at Orange Lake Resort and Country Club in Florida:

"We bought our timeshare 21 years ago and used it to exchange vacations in other resorts. It was a good experience but now that my wife has passed away and I am older, trying to unload the resort proves difficult. I am willing to surrender my title to the resort but the warranty deed does not say a word about releasing me from all obligations; I have to take their word that after the title reverts... Read the rest of this entry »